Integrating the SDGs into Management Strategy and the Roadmap for Five Priority Themes

「From fiscal 2025, we have been discussing the renewal of our priority issues and KPIs in light of changes in the external environment, stakeholder feedback, and our strategy and financial impact.」

「As part of our management strategy to formulate and promote a group sustainability strategy aligned with international standards, we changed the name to the Sustainability Promotion Office in conjunction with strengthening the functions of the ESG Promotion Office.」

「By changing the collection of unwanted clothing and cosmetics from limited-time campaigns to year-round operations, annual collection increased to approximately 22 tonnes, more than double the previous year’s level. … We are also promoting company-wide decarbonization initiatives, including signing agreements for the direct procurement of electricity generated from renewable energy at the Osaka and Kyoto stores.」

「For “TSUNAGU ACTION,” we are strengthening initiatives across the company to raise awareness further and achieve both the resolution of social issues and business growth. We established 3 themes: “PLANET,” connecting the beautiful Earth and abundant resources to the future; “SOCIAL,” communicating and expanding Japan’s and local traditions and cultures; and “PEOPLE,” protecting the freedom and equality of all people and standing alongside them with a smile. We will expand the number of projects and roll them out throughout the year. By setting quantitative targets and operating through the PDCA cycle, we will turn these initiatives into efforts directly linked to enhancing corporate value and generating profit.」

「We established 3 themes: “Global Environment,” protecting the beautiful Earth and abundant nature and connecting them to the future; “Local Communities,” inheriting and developing Japan’s and local traditions and cultures; and “For Everyone,” protecting the freedom, equality and smiles of all people and standing alongside them. We will expand the number of projects and roll them out throughout the year. By setting quantitative targets and operating through the PDCA cycle, we will turn these initiatives into efforts directly linked to enhancing corporate value and generating profit.」

「We began supplying the Yokohama store through an off-site PPA and plan to begin supplying the Takasaki store in January 2024, expanding implementation to additional stores.」

「In our circular business “Depart de Loop,” which collects, recycles and sells unwanted clothing, we began selling products made from denim collected last year and expanded the collection program to include cosmetics and their containers. To promote decarbonization, we introduced in April a short-term contract scheme, the first of its kind in Japan, under an off-site PPA through which renewable energy generated off our premises is supplied directly by a provider, and began supplying energy-saving electricity to the Yokohama store.」

「In our circular business “Depart de Loop,” which collects, recycles and sells unwanted clothing, we began selling products made from denim collected last year and expanded the collection program to include cosmetics and their containers. To promote decarbonization, we introduced in April a short-term contract scheme, the first of its kind in Japan, under an off-site PPA through which renewable energy generated off our premises is supplied directly by a provider.」

「In addition to introducing renewable energy at 5 Group facilities, we are pursuing new supply-chain initiatives, including promoting the material recycling of plastic used for clothing and using reusable boxes for product deliveries. In October, Food Loss Reduction Month, we conducted the “mottECO pilot project” to encourage customers to take leftovers home at restaurants in some of our commercial facilities. In addition, we conducted food drives at 7 stores.」

「In our circular business “Depart de Loop,” which collects, recycles and sells unwanted clothing, we began collecting denim this fiscal year as a result of expanding our collaboration partners. We will continue contributing through our business to establishing sustainable lifestyles in society and promoting a participatory circular economy involving customers, business partners and local communities.」

「Regarding our efforts toward a sustainable society, we compiled our initiatives aimed at contributing to “the realization of a society in which everyone can experience prosperity in the 21st century” in the “Takashimaya Group ESG Report 2021,” which we published last December. Through 10 priority issues, including issuing green bonds, promoting decarbonization and circular businesses, reducing food loss and coexisting with local communities, we will work to achieve both the resolution of social issues and business growth.」

「In November, we formulated the Takashimaya Green Bond Framework, and in December issued the Takashimaya Group Green Bond, the Group's first ESG bond. The proceeds will be used to fund the development of Nihombashi 3-chome Square, undertaken by 東神開発.」

「In cooperation with our capital alliance partner Japan Environmental Design, Inc., we began rolling out circular products in stores in April. We also aim to transition 100% of the electricity used in our business operations to renewable energy by 2050, and continued switching existing facilities to renewable energy during the quarter.」

「To ensure the steady advancement of ESG management, we newly established the “Group Environment and Social Contribution Committee” to strengthen policy and progress management from a Group-wide perspective, and are putting in place a more integrated and effective organizational structure.」

「We also joined the international initiative RE100 in 2019, with the goal of transitioning 100% of the electricity used in our business operations to renewable energy by 2050. From November, we have been gradually switching the electricity used by 8 existing facilities, including facilities around Tamagawa Takashimaya S.C., to renewable energy.」

「As part of our efforts to achieve a sustainable society, we joined RE100, which aims to transition to 100% renewable energy, and EV100, which aims to convert all vehicles used in business operations to electric vehicles. We will continue addressing social issues from a medium- to long-term perspective.」

「In addition, this fiscal year we integrated the SDGs into our management strategy, formulated the “Takashimaya Group SDGs Principles,” and established a roadmap for achieving each of the 5 priority themes. We will take proactive action from both the perspective of resolving global environmental and social issues and that of business growth centered on our core operations, thereby achieving sustainable growth.」