Rigorous Compliance and CSR Management

「Through initiatives addressing materialities, we aim to transform the company into a “value co-creation retailer group” that continues to provide three values, centered on the retail business: “Co-creating Excitement,” “Shared Prosperity with Communities,” and “Living in Harmony with the Environment.”」

「Through initiatives addressing materialities, we aim to transform the company into a “value co-creation retailer group” that continues to provide three co-created values, centered on the retail business: “Co-creating Excitement,” “Shared Prosperity with Communities,” and “Living in Harmony with the Environment.”」

「Our sustainability initiatives were recognized, and we were selected as a constituent of the “MSCI Japan ESG Select Leaders Index,” the “MSCI Japan Empowering Women Index (WIN),” and the “FTSE Blossom Japan Index,” stock indexes adopted by the Government Pension Investment Fund (GPIF) for ESG investment. As a result, we were selected as a constituent of all domestic stock indexes adopted by GPIF for ESG investment.」

「We view these structural changes as an opportunity for corporate transformation and, in addition to ongoing efforts to reduce environmental impact and address social issues, will work to enhance corporate value over the medium to long term and realize stakeholders’ “Well-Being Life” through business growth and the creation of new business opportunities driven by sustainability management.」

「In October, we continued to make steady progress, including by conducting an assessment to promote understanding of the “JFR Business Partner Code of Conduct,” in order to strengthen efforts to reduce greenhouse gas emissions in collaboration with business partners and protect human rights and health across the supply chain.」

「Against this backdrop, our group placed sustainability at the core of management and, as the first year of the “Medium-Term Management Plan for FY2021–FY2023,” pursued three priority strategies and management structural reforms.」

「In addition, as part of its sustainability activities, the group held “With TOHOKU,” a project supporting Tohoku as it marked the 10th anniversary of the Great East Japan Earthquake, as a new initiative under “Think LOCAL,” its social contribution program for considering and supporting local community issues.」

「To realize the group vision, our group established seven materialities, including the two newly added issues of “Realizing healthy, safe and secure lives for customers” and “Promoting the circular economy,” in order to place sustainability at the core of management and embody it across all corporate activities.」

「As part of its sustainability activities, Daimaru and Matsuzakaya, which operate stores throughout Japan, launched “Think LOCAL” in September, a social contribution initiative aimed at considering and supporting local community issues together with customers. The group is also undertaking “Think GREEN,” an initiative to propose products and services with a lower environmental impact.」

「The JFR Group recognizes “Contribution to a Low-Carbon Society,” including action on climate change, as its most important sustainability management issue and established the Sustainability Committee in fiscal 2019 to promote sustainability management across the group.」

「In addition, our group expressed its support for the final report of the Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board, and joined the TCFD Consortium, which was established in May. In October, the greenhouse gas reduction targets set by our group were certified by the Science Based Targets (SBT) initiative as being based on scientific evidence.」

「In addition, to implement ESG-focused management that contributes to the realization of a sustainable society and sustainable corporate growth, we identified five material issues, including “Contribution to a Low-Carbon Society,” and are advancing company-wide initiatives such as formulating action plans to achieve our medium- to long-term targets. In May, as part of these initiatives, we expressed our support for the TCFD (Task Force on Climate-related Financial Disclosures).」

「Positioning sustainability as the Group's highest-level corporate concept, we formulated the Sustainability Policy as our overall ESG policy, identified 5 material issues toward realizing a sustainable society, including "contributing to a low-carbon society," and launched Group-wide initiatives such as formulating action plans to achieve medium- and long-term targets.」

「To contribute to the realization of a sustainable society and achieve sustainable corporate growth, we formulated the Group's Sustainability Policy, identified materialities, and are pursuing specific initiatives as part of management that emphasizes ESG.」

「As a Group, we newly formulated a Sustainability Policy, identified our materialities, and established an ESG Promotion Department, through which we have proactively worked toward realizing a sustainable society.」

「We will restructure our CSR initiatives from an ESG perspective, including identifying material issues that should be prioritized by the company, and steadily promote them as initiatives that contribute to enhancing corporate value. We will also enhance the disclosure of non-financial information and work to improve the effectiveness of CSR activities.」

「We will classify CSR activities into issues aligned with the international standard ISO 26000, including the environment, human rights, working practices, business risks, and community involvement, and promote initiatives aimed at the Group's sustainable growth and enhancement of corporate value over the medium to long term.」