United Nations Global Compact

J. Front Retailing Group (the “Group”) signed the United Nations Global Compact (the “UN Global Compact”) on October 17, 2018.

The Group has strived for many years to develop as a fair and reliable corporation by practicing the “customer-first principle” and “contribution to society” under the spirit of its corporate credos “Service before profit” and “Abjure all evil and practice all good.” Based on this belief, we set a vision “Create and Bring to Life ‘New Happiness’” and strive to make customers’ futures happy. To this end, we aim to realize sustainable management based on the places where we communicate with customers. Individual workers, workplaces, and the environments that support them all are very important to make our communication places fruitful.

Initiatives on human rights, labor, environment and anti-corruption, which are advocated by the UN Global Compact, are essential to value these communication places and we greatly agree with its spirit.

By signing the UN Global Compact, we will comply with its ten principles and fulfill our responsibilities as a corporate citizen more than ever. At the same time, we will be committed to achieving SDGs.

《UN Global Compact》
The UN Global Compact is a voluntary initiative under which businesses and other organizations participate in a global framework to act as good members of society and realize sustainable growth by demonstrating responsible and creative leadership. Businesses are expected to comply with the ten principles in the four areas including “human rights,” “labor,” “environment” and “anti-corruption.”

<The Ten Principles of the UN Global Compact>

For details of the UN Global Compact: UN Global Compact
http://www.ungcjn.org/gc/principles/index.html

Joined RE100

The Group joined RE100 (100% Renewable Electricity) in October 2020. RE100 is a global initiative that aims to source 100% renewable energy to power business operations. Going forward, we will make proactive efforts across the Group to achieve our SBTi-approved targets by expanding the use of renewable energy and other means.

Receives Certification from the SBT initiative for Its Net-Zero Target

In February 2023, the Group has received certification from the Science Based Targets initiative (SBTi)^*1 for its net-zero^*2 target.
In October 2021, SBTi established a new Corporate Net-Zero Standard to evaluate and certify companies' efforts to reach net-zero emissions. This standard requires companies to reduce GHG emissions by at least 90% by 2050 across their value chains to limit global temperature rise to 1.5°C above pre-industrial levels. It also requires that companies neutralize residual emissions at the net-zero target date and any GHG emissions released into the atmosphere thereafter.We recognize that the certification we have received confirms that our net-zero target meets the standard set by the SBTi and is a science-based one.
The Group will take more proactive measures such as the expansion of the share of renewable energy and waste reduction to achieve the targets approved by the SBTi.

*1 Established in 2014 by the collaboration of CDP, the UN Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) to enable companies to set ambitious emission reduction targets in line with the latest climate science

*2 To thoroughly reduce GHG emissions and reduce the remaining emissions to virtually zero after subtracting the amount of emissions removed through forest absorption and CCS (CO₂ capture and storage), etc.

Task Force on Climate-related Financial Disclosures (TCFD)

J Front Retailing supports the final report (TCFD recommendations) released by the “Task Force on Climate-related Financial Disclosures (TCFD),” which was set up by the Financial Stability Board (FSB), and at the same time, has joined the “TCFD Consortium” launched on May 27, 2019.
Going forward, we will promote dialogue with other companies and financial institutions that support these recommendations by participating in the TCFD Consortium to effectively disclose information on how we address the risks and opportunities posed by climate change and our initiatives to achieve the long-term CO₂ reduction target for reducing CO₂.

Japan Climate Initiative

J. Front Retailing joined in September 2018. This initiative is a network of companies, local governments, NGOs, and others who agree to proactively tackle climate change and achieve a decarbonized society. Through participation in this network, we are actively developing climate change initiatives and promoting efforts to achieve a decarbonized society.

For details of the Japan Climate Initiative:
Japan Climate Initiative
https://japanclimate.org/english/

Participation in TNFD Forum

In November 2023, J. Front Retailing (JFR) endorsed the philosophy of the Taskforce on Nature-related Financial Disclosures (TNFD)^*1 and joined the TNFD Forum^*2 to support its activities. Based on the TNFD's disclosure framework, JFR will scrutinize the relationship between the Group's business activities and natural capital (dependence and impact) as well as risks and opportunities. The Company will also promote proactive information disclosure from the four perspectives recommended by the TNFD: governance, strategy, risk and impact management, and indicators and targets.

*1 TNFD is an international organization with a framework for disclosing the impact of nature-related risks and opportunities on corporate finance. It aims to encourage companies and financial institutions to disclose information on natural capital and to shift the flow of global capital from nature-negative outcomes to nature-positive outcomes.

*2 The TNFD Forum is comprised of corporations, government agencies, academic institutions, and other organizations with expertise in a wide range of fields, providing support for the development of disclosure frameworks and sharing information related to TNFD.

Women’s Empowerment Principles

We signed the Principles and were approved on October 4, 2018. They are a set of principles of action developed through a partnership between the UN Global Compact and UN Women to actively address initiatives to help empower women. By signing these Principles, we actively implement initiatives for women and aim to create an environment where all women are empowered.

For details of the Women’s Empowerment Principles:
Empower Women
https://www.empowerwomen.org/en/weps/about

Keidanren’s Challenge Initiatives for 30% of Executives to be Women by 2030

In June, 2021, the Company expressed support for the Challenge Initiatives for 30% of Executives to be Women by 2030 by Japan Business Federation (“Keidanren”).
This initiative is intended to create a movement to achieve the target for 30% of executives to be women by 2030, which was set in “. The NEW Growth Strategy” announced by Keidanren in November 2020.
By supporting this initiative, we will make more effort than ever to promote diversity and inclusion.

Keidanren special website:
https://challenge203030.com/EN.html