GREEN DIAMONDS
 

Real Green Estate
Mitsubishi Estate, a leading developer of real estate, also is a leader in managing the environmental impact of constructing, using, and demolishing buildings. It recently issued the Mitsubishi Estate Environmental Report 2000, the first publication of its kind in Japan's real estate industry. The report reflects a deepening commitment to establishing concrete goals for safeguarding the environment, to pursuing those goals systematically, and to publishing updates on the company's progress.
Mitsubishi Estate's Environmental Report includes case studies to demonstrate measures for safeguarding the environment. A highlight is the story of the company's recent development of Izumi Park Town, in Miyagi Prefecture, and Chiba Research Park, near Tokyo. Izumi Park Town, completed a year ago, became a showcase project for putting up buildings in harmony with the natural surroundings. The project occupies 148 hectares (367 acres), and fully one-fifth of that area is parks and other greenery.
   At Chiba Research Park, Mitsubishi Estate designed the development to retain much of the verdure that covered the site. It even modified the plans while work was under way to safeguard native flora and a firefly breeding stream.
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  A research park created in Miyagi Prefecture by Mitsubishi Estate is a showcase for environmentally sensitive real estate development.
Taking the Initiative
Other case studies in the environmental report introduce measures for conserving energy in apartment buildings, single-family homes, and office buildings. Mitsubishi Estate has taken the initiative, for example, in equipping homes and other structures with solar generating systems, in using recycled materials in roadways and other works, and in preserving historic architecture.
   Mitsubishi Estate secured an ISO 14001 certification in 1999 for its management work at 36 buildings in Japan. The ISO 14001 guidelines are international benchmarks for sound environmental management. And Mitsubishi Estate has pioneered several measures at those buildings, often in cooperation with tenants, for minimizing consumption of energy and water and reducing output of waste.
   The environmental commitment at Mitsubishi Estate continues through demolition and reconstruction work. The company has taken the lead in recycling wood, concrete, and other materials from structures (Mitsubishi Monitor, December 2000/January 2001).
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  Mitsubishi Estate's Environmental Report 2000 is more than a mere review. It details a long-term commitment to addressing environmental concerns in every phase of the company's operations.
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