Japanese Firm to Tackle Dearth of Female Managers With Novel Bond
- Mitsubishi Estate plans notes with diversity goals in terms
- Japan lags major economies in women in leadership roles
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One of Japan’s biggest real estate developers is planning a bond linked to it raising the share of women in management three decades from now.
Mitsubishi Estate Co. on Wednesday announced it’s considering issuing sustainability-linked notes, whose terms are linked to variable targets like cutting emissions. In addition to the environmental objectives, the developer of office buildings and luxury condos aims to raise the proportion of its female managers to 40% in fiscal 2050, up from just 5.8% in fiscal 2020.