ESG

Since our founding, we have been committed to avoiding real estate development projects that have a heavy environmental impact. Instead, we strive to “realize society from ‘build’ to ‘utilize’”. We believe that the Star Mica Group’s business model itself will reduce environmental impact and promote the realization of a recycling-oriented society.

Mass production and mass consumption of economic and social activities form a society of mass waste, which impedes the healthy recycling of materials. This also has a strong correlation with various environmental issues such as climate change, the depletion of natural resources, and the destruction of biodiversity. Our goal in the field of real estate development is to drive a shift away from one-way economic and social activities, which involve building and tearing down, toward a circular economy that uses resources in a sustainable way.

A circular economy is an economic activity that creates added value through services and other means while effectively utilizing stocks, in addition to conventional 3R initiatives. It aims to maximize the value of resources and stocks, minimize resource consumption, curb waste generation, etc.

Carrying out the philosophy that has guided us, of “striving to realize society from ‘build’ to ‘utilize’”, also helps to reduce CO2 emissions. CO2 emissions from renovation work on pre-owned properties are about 3% of those from new real estate development and new reconstruction work. As the world discusses drastic reductions in CO2 emissions by 2030, interest in this business is likely to increase.

As a leading company in the industry, we will continue to promote reduction of our environmental impact and CO2 emissions by revitalizing existing home distribution, which is still growing compared to the U.S. and Europe. This will greatly contribute to the conservation of a sustainable global environment.