Participation in Initiatives
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>
|Human rights||Businesses should:
1. support and respect the protection of internationally proclaimed human rights; and
2. make sure that they are not complicit in human rights abuses.
3. uphold the freedom of association and the effective recognition of the right to collective bargaining;
4. uphold the elimination of all forms of forced and compulsory labor;
5. uphold the effective abolition of child labor; and
6. uphold the elimination of discrimination in respect of employment and occupation.
7. support a precautionary approach to environmental challenges;
8. undertake initiatives to promote greater environmental responsibility; and
9. encourage the development and diffusion of environmentally friendly technologies.
10. work against corruption in all its forms, including extortion and bribery.
For details of the UN Global Compact: UN Global Compact
Approved by the “Science Based Targets initiative (SBTi)”
The greenhouse gas (“GHG”) emissions reduction targets set by J. Front Retailing Group (the “Group”) were approved as science-based reduction targets by the international Science Based Targets*1 initiative (“SBTi”) in October 2019. The SBTi updated its target validation criteria so that the level of targets is classified under three categories*2. The Group’s targets were approved under the second strictest category of “well-below 2℃”-aligned targets.
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.
- 40% reduction of Scope 1*3 and 2*4 GHG emissions by 2030
- 40% reduction of Scope 3*5 GHG emissions by 2030
- (Both compared to FY2017)
*1 Established by a collaboration between four organizations including CDP, the United Nations Global Compact, World Resources Institute (WRI) and World Wide Fund for Nature (WWF) in 2015 for the purpose of promoting the achievement of science-based GHG emissions reduction targets to limit the temperature increase to below 2℃ compared to pre-industrial levels.
*2 In October 2019, the SBTi raised its target validation criteria from existing upper limit of temperature rise of “2℃” above pre-industrial levels to “well-below 2℃” or “1.5℃.” All existing SBTi-approved targets are classified under three categories: “1.5℃,” “well-below 2℃” or “2℃.”
*3 GHG emissions mainly from the company’s own fuel consumption
*4 GHG emissions mainly from the generation of energy purchased from other companies
*5 GHG emissions from the production, sales and consumption of products and value chain activities excluding Scope 1 and 2
Task Force on Climate-related Financial Disclosures (TCFD)
We support the final report released by the “Task Force on Climate-related Financial Disclosures (TCFD)” that was established by the Financial Stability Board (FSB) (TCFD recommendations), and at the same time, participated in the “TCFD Consortium” that was launched on May 27, 2019.
Going forward, we will engage in dialogue with other companies and financial institutions which support these recommendations by participating in the TCFD Consortium to effectively disclose information on how we address the risks and opportunities of climate change, what initiatives we implement to achieve the long-term CO2 reduction target, and so on.
Japan Climate Initiative
We participated in the Initiative on September 11, 2018. It is a network of companies, local governments and NGOs that are actively implementing climate actions and agree to aim for decarbonization. By joining this network, we as a company will actively take climate actions to realize a decarbonized society.
For details of the Japan Climate Initiative:
Japan Climate Initiative
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: