The Company is highly rated for its sustainability initiatives and has been selected as a constituent of the following ESG indices.
Included in the A List in the 2021 CDP climate change survey
The Company has been included in the highest A List for the second consecutive year in the 2021 climate change survey by CDP, an international environmental non-profit organization, and recognized as a leading company in climate action and information disclosure. The climate action of the Company, which defines the "realization of decarbonized society" as one of its seven materiality issues, including the efforts to obtain approval from the Science Based Targets (SBT) initiative and information disclosure in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and joining RE100 were recognized.
Selected as FY2021 Nadeshiko Brand
In March 2022, the Company was selected as the FY2021 Nadeshiko Brand under the joint Nadeshiko Brand initiative by the Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE). METI and TSE jointly select outstanding listed enterprises that promote women’s empowerment from each industry as Nadeshiko Brands.
MSCI Japan Empowering Women Index (WIN)
The “MSCI Japan Empowering Women Index” is composed of leading companies within their Global Industry Classification Standard (GICS) sector groups in terms of promoting and maintaining gender diversity selected from the constituents of its parent index (the MSCI Japan IMI Top 700 Index, which inclu des the top 700 securities in terms of market capitalization) based on MSCI Gender Diversity Scores. This ESG index is adopted by GPIF (Government Pension Investment Fund).
The Company has been selected as its constituent for five consecutive years since 2018.
*The inclusion of J. Front Retailing Co., Ltd. in any MSCI index, and the use of MSCI logos, trademarks, service marks or Index names herein do not constitute a sponsorship, endorsement, or promotion of J. Front Retailing Co., Ltd. by MSCI or any of its affiliates.The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.
FTSE Blossom Japan Sector Relative Index
The Company has been included in the 2022 FTSE Blossom Japan Sector Relative Index.
This index is designed to measure the performance of Japanese companies that demonstrate strong Environmental, Social and Governance (ESG) practices. To support the transition to a low carbon economy, companies with particularly high GHG emissions are included only if their improvement efforts are recognized with the TPI Management Quality Score.
*FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that J. Front Retailing Co., Ltd. has been independently assessed according to the FTSE Blossom Japan Sector Relative Index criteria, and has satisfied the requirements to become a constituent of the FTSE Blossom Japan Sector Relative Index. The FTSE Blossom Japan Sector Relative Index is used by a wide variety of market participants to create and assess responsible investment funds and other products.
*Click here to learn more about the FTSE Blossom Japan Sector Relative Index.
Certified under the Kurumin mark system
In 2021, Daimaru Matsuzakaya Department Stores has been certified under the Kurumin mark system by the Minister of Health, Labor and Welfare as a "childcare support company" that helps employees balance work and childcare.
Recognized under the 2022 Certified Health & Productivity Management Outstanding Organizations Recognition Program [Large Enterprise Category (White 500)]
In March 2022, J. Front Retailing was recognized under the 2022 Certified Health & Productivity Management Outstanding Organizations Recognition Program [Large Enterprise Category (White 500)], which is jointly run by the Ministry of Economy, Trade and Industry (METI) and the Nippon Kenko Kaigi. Under the Certified Health & Productivity Management Outstanding Organizations Recognition Program, the METI and the Nippon Kenko Kaigi jointly recognize outstanding enterprises engaging in efforts for health and productivity management.
Awarded the Good Performance Prize at the 24th Environmental Communication Awards
J. Front Retailing received the Good Performance Prize at the 24th Environmental Communication Awards, which recognize excellent corporate environmental reports (co-organized by the Ministry of the Environment and Global Environmental Forum).
The Company’s Integrated Report 2020 and Sustainability Report 2020 were recognized for the completeness and abundance of ESG information and their easiness to read because of well-designed layout.
Rated 4.5 stars in Nikkei SDGs Management Survey 2022
The Company received a 4.5-star rating in the Nikkei SDGs Management Survey 2022, which rates the actions to address the United Nations Sustainable Development Goals (SDGs). The Nikkei SDGs Management Survey is comprised of questions on four categories including “SDGs strategy / economic value,” “social value,” “environmental value” and “governance” and assesses companies with 17 performance index developed from questionnaires for companies and public data.
Rated four stars in “the 6th NIKKEI Smart Work Management Survey”
In November 2022, the Company was rated four stars in “the 6th NIKKEI Smart Work Management Survey,” which recognizes excellent companies that work on productivity revolution through work style reforms.
The survey was initiated by Nikkei Inc. in 2017 covering listed companies and leading unlisted companies across Japan. It defines the initiatives that maximize the performance of the organization in three areas including diverse and flexible work styles, the systems that create new businesses and market development strengths as the “Smart Work Management.” Companies are evaluated in these three areas and rated out of five stars.
Ranked 3rd in the overall ranking of three CSR categories and 1st for the second consecutive year in the environment category in the 16th Toyo Keizai CSR Ranking
In February 2022, the Company was ranked 3rd in the “overall ranking of three CSR categories*” and 1st for the second consecutive year in the “environment category” in the 16th CSR Ranking (2022) published by Toyo Keizai Inc.
*Three CSR categories include “HR utilization,” “environment” and “corporate governance + social performance.”
SNAM Sustainability Index
The “SNAM Sustainability Index,” launched by Sompo Japan Nipponkoa Asset Management Co., Ltd. in August 2012, is an investment fund for pension funds and institutional investors that invest in companies rated highly for their ESG performance.
The Company has been selected as its constituent for 11 years running since its inception.
Signed a loan agreement for the “Positive Impact Finance”
In December 2019, the Company has signed a loan agreement for the “Positive Impact Finance” with Sumitomo Mitsui Trust Bank, Limited. It is a business loan with unspecified use of funds in an alignment with the Principles for Positive ImpactFinance*1 established by the United Nations Environmental Programme Finance Initiative*2.
Positive Impact Finance involves comprehensive analysis and evaluation of the environmental, social, and economic impacts (positive and negative) of corporate activities, and the provision of loans to support these activities on an ongoing basis. The greatest feature is to use as evaluation indicators and disclose the degree to which the company contributes to the achievement of corporate SDGs. The Company is the first retailer that signed this agreement.
The Company has received a third-party opinion from Japan Credit Rating Agency, Ltd. (represented by TAKAGI Shokichi, President)*3 concerning the compliance with the Principles for Positive Impact Finance of the evaluation procedures and the rationality of the evaluation indicators used to sign the agreement.
*1 Principles for Positive Impact Finance
This is a financial framework for achieving the Sustainable Development Goals (SDGs) formulated by the United Nations Environment Programme Finance Initiative (UNEP FI) in January 2017. By disclosing the contributions to the achievement of SDGs in KPIs and assessing the positive impact of these contributions and providing funds, the banks guide the efforts of funded companies to increase the positive impact and reduce the negative impact. As a responsible financial institution, the lending bank monitors the indicators to ensure that their impacts are continuing.
*2 United Nations Environmental Programme Finance Initiative (UNEP FI)
The United Nations Environment Programme (UNEP) is a subsidiary body of the United Nations established in 1972 as an implementing agency for the Human Environment Declaration and the International Environmental Action Programme. UNEP FI is a broad and close partnership between UNEP and more than 200 global financial institutions. Since its establishment in 1992, it has been working with financial institutions, policies and regulators to transform itself into a financial system that integrates economic development and ESG (environmental, social, and corporate governance) considerations.
*3 Please visit the website of Japan Credit Rating Agency, Ltd. for details.
“Gold” rating in the PRIDE Index
For the second consecutive year, the Company has received the highest rating of “gold” in the PRIDE Index* 2022, which evaluates initiatives related to LGBT people and other sexual minorities (hereafter "LGBT”). The “PRIDE Index,” which evaluates LGBT-related initiatives at workplaces, was launched by a voluntary organization “work with Pride” to help companies create LGBT-friendly workplaces in Japan.
*“PRIDE” stands for:
1. Policy: Action Declaration
2. Representation: LGBTA Network
3. Inspiration: Raising Awareness
4. Development: Human Resources Management Policy and Programs
5. Engagement/Empowerment: Social Responsibility and External Activities
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Realization of Decarbonized Society
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