The deliberations of the Committee are submitted for discussion to the Executive Committee whenever necessary in light of their importance. The content of the Committee meetings is also reported to and supervised by the MJIA Board of Directors, while also being reported at the Board of Directors meetings that are held periodically at the investment corporations. [...] MJIA formulated sustainability promotion manuals to provide basic policies with regard to and clarify procedures for its sustainability promotion initiatives, including those aimed at constantly monitoring and reducing the volume of energy and water consumption and greenhouse gas and waste emissions as well as those aimed at promoting green procurement through external collaboration. Through the distribution of these manuals, MJIA is striving to enhance the effectiveness of its sustainability initiatives. [...] The Compliance and Risk Management Committee, which is composed of outside attorney, enhances the checks and balances against conflicts of interest transactions from the standpoint of experts. In deliberations on the acquisition and sale of properties by MEL, the Management Committee is composed of real estate appraisers who do not have a special interest in the Mitsubishi Estate Group, and is expected to participate in the deliberations and resolutions of MJIA from a wide range of perspectives based on expertise and experience as experts in real estate appraisal, and to exert a check-and balance function against the decisions of MJIA.