Green Finance Framework

MIRAI Corporation (hereinafter the “MIRAI”) has established a “Green Finance Framework” (hereinafter the “Framework”) for the implementation of green finance.

MIRAI also received “Green 1(F) rating” in the “JCR Green Finance Framework Evaluation” of Japan Credit Rating Agency, Ltd. in April 2024.

JCR Green Finance Framework Evaluation URL

Use of Funds Procured

Net proceeds from green finance will be used for the acquisition of green buildings and renovation that meet the following eligibility criteria, as well as for the repayment and redemption of loans or investment corporation bonds required for these projects.

Green Eligibility Criteria 1

Assets that have achieved or will achieve any following certification: (a) Five, four, three stars in DBJ Green Building Certification (b) S, A, B+ rank in CASBEE for Real Estate and Buildings (including municipal version)※1 (c) Platinum, Gold, Silver rank in LEED Certification (in case of LEED BD+C, version 4 or later) (d) BELS Certification Standard in Heisei 28th : Five, four, three stars※2 Standard in Reiwa 6th Non-residential: level 6, level 5, level 4 ※2 Residential with renewable energy facilities: level 6, level 5, level 4, level 3※3 Residential without renewable energy facilities: level 4, level 3※3

Green Eligibility Criteria 2

Renovation work for environmental improvements.: （expected to reduce consumption or emissions by 30 % or more compared to previous levels）

• The look-back period is 3 years from the date of completion of construction.
• New acquisitions of existing buildings built before 2016 must be at least Level 3 and not existing nonconforming (factories, etc. (including logistics ): BEI = > 0.75)
• New acquisitions of existing buildings built before 2016 qualify at Level 2 or higher, regardless of whether they have renewable energy

Process for Evaluation and Selection of Projects

Finance and Planning Div. of Mitsui Bussan & IDERA Partners Co., Ltd. (hereinafter the “Asset Manager”) selects the project for which the procurement funds will be used, and Sustainability Committee deliberates and confirms compliance with the eligibility criteria.
Subsequently, the board of directors resolves the implementation of green finance in accordance with the rules of MIRAI and the Asset Manager.

Management of Procured Funds

MIRAI will manage the procured funds in the following ways if there is any green finance outstanding under the Framework.

Upper Limit of Green Finance	MIRAI will manage the sum of green finance outstanding so that it will not exceed the upper limit of green finance, which is calculated by multiplying the total amount of eligible green projects the total acquisition price of assets that meet Green Eligibility Criteria 1 + the total expenditure for renovations that meet Green Eligibility Criteria 2 by LTV as of recent fiscal period.
Use of Procured Funds	MIRAI will manage the use of the procured funds for eligible green projects. Unappropriated funds to be raised will be held in cash and cash equivalents.

Overview of Eligible Green Projects

Please refer here for the certification status of each property.

Overview of Green Finance

Please refer to here for the status of each green finance.

Reporting

MIRAI will disclose following information at least once a year regarding the management of procured funds and the environmental impact as long as there is any green finance outstanding under the Framework.

Reporting of the Use of Funds	1.All the procured funds that are used for the eligible green project under the Framework. 2.The sum of the green finance outstanding does not exceed the upper limit of the green finance.
Impact Reporting	MIRAI will disclose the indicators below as far as practically possible. (a) Acquisition of environmental certifications (b) Energy consumption (c) GHG emission/ GHG emission intensity (d) Water consumption (e) Waste consumption

Please refer to “Third-party Accreditation”, “Environmental Measures” in addition to this page for reporting details.