Initiatives to Share Principles of Action for Suppliers
Efforts to make the Principles of Action understood by and shared with suppliers
Each operating company in the Group sent the “Principles of Action for Suppliers,” which was formulated in June 2019, to the representatives of suppliers. By doing so, the Group ensures that they understand and comply with the Group’s view and rules and the Group will fulfill social responsibilities with suppliers to mutually enhance corporate value. (Sent to 9,444 companies as of February 29, 2020, on a consolidated basis)
In October 2019, Daimaru Matsuzakaya Department Stores, a main operating company, held a “presentation on the JFR Principles of Action for Suppliers” in Tokyo and Osaka at the same time and 652 people from 530 companies attended it.
In the presentation, Mr. YAMAMOTO Ryoichi, the Director, President and Representative Executive Officer of J. Front Retailing, explained the corporate mission statement and the Group’s initiatives for sustainability management and Mr. YOSHIMOTO Tatsuya, the President and Representative Director of Daimaru Matsuzakaya Department Stores Co. Ltd., explained the recognition of environmental and social issues surrounding Daimaru Matsuzakaya Department Stores and the JFR Principles of Action for Suppliers.
Main feedback and questions from suppliers
●The company’s view on cost increase associated with investment in and resources for ESG initiatives
●View on business hours and the number of business days
●I felt we have reached the point where our generation that will lead the next era should think seriously.
●I expect the Group will take leadership in expanding ESG initiatives to the entire department store industry.
●It is likely to generate synergy on sales floors and in gaisho events in combination with next generation education.
Through the presentation, we will share our view with suppliers and make them understand and comply with the JFR Principles of Action for Suppliers.
Going forward, we will also develop a self-assessment system.