J. Front Retailing Co., Ltd. · TSE:3086
J. Front Retailing — ESG Presentation (November 2020)
44 slides from J. Front Retailing's sustainability presentation, Nov 25, 2020
Slide 1: ESG Presentation: Sustainability Management of J. Front Retailing Group
3rd ESG Presentation Sustainability Management of J. Front Retailing Group November 25, 2020 J. Front Retailing Co., Ltd. YOSHIMOTO Tatsuya Director, President and Representative Executive Officer Create and Bring to Life “New Happiness." 1
Slide 2: JFR Group
JFR Group ■ Full-scale synergy creation with Parco, which became a wholly owned subsidiary in March 2020 2
Slide 3: Surrounding Environment That Drastically Changed Due to COVID-19
Surrounding Environment That Drastically Changed Due to COVID-19 ■ COVID-19 shock substantially changed social structure and consumption structure Changes in Corporat Heightened consumer Rapid Importance of e Policy awareness of behavior and penetration climate safety/security Basic consumer and hea
Slide 4: Unshakable Sustainability Management
Unshakable Sustainability Management ■ Realizing the Group Vision that leads to a sustainable society Ccorporate Credo Basic Mission Statement Create and Bring to Life “New Happiness." Value creation Group Vision (JFR WAY) Sustainability Policy Eco Vision / Social Vision Corporate Governance Guideli
Slide 5: Materiality Issues
5 Materiality Issues ■ Realizing sustainability initiatives unique to JFR Corporat e Policy Basic Principle Group Vision (JFRWAY) JFR Principles of Conduct "JFR Action Policy," "Procurement Policy," "Human Rights Policy," "Anti-Corruption Policy," and "Occupational Health and Safety Policy" 5
Slide 6: Climate Actions as Top Priority
Climate Actions as Top Priority ■ Strengthening responses to climate change risks Scope 1 and 2 Scope GHG emissions Corporat 1, 2 and 3 ● Approved as SBT ● Rated “A-” by CDP e Policy Basic GHG emissions Zero ● Expressed support for TCFD recommendations Principle 40% ● Opened main building of Daimaru
Slide 7: Further Strengthening Corporate Governance
Further Strengthening Corporate Governance ■ Continuous promotion of advanced initiatives Company with Three Committees (Nomination, Audit and Remuneration Committees) (since May 2017) 2018 2019 2020 ● Initiative to strengthen group governance ● Established Management Advisory ● Revised Officer Remu
Slide 8: Strengthening the Group Collaboration
Strengthening the Group Collaboration ■ The Group is working as one to strongly promote sustainability management Board of Directors Corporat e Policy Report Basic Advisory committee directly under Principle Committee JFR Sustainability the President and Representative Executive Officer Chairperson:
Slide 9: Our Existence Value
Our Existence Value ■ Promotion of CSV management mentioned in the Corporate Credo Achieving both social value and economic value together with stakeholders Economic + value Group Vision (JFRWAY) Sustainability + Resilience Continue to grow with the aim of achieving inclusive growth and a sustainabl
Slide 10: ESG Presentation: ESG Initiatives Report
3rd ESG Presentation ESG Initiatives Report November 25, 2020 J. Front Retailing Co., Ltd. HIRANO Hidekazu Managing Executive Officer Senior Executive General Manager, Management Strategy Unit Create and Bring to Life “New Happiness."
Slide 11: Long-term Targets for Each Materiality Issue
Long-term Targets for Each Materiality Issue 2
Slide 12: JFR ESG Initiatives in the Year
JFR ESG Initiatives in the Year
Slide 13: Contribution to a Low-carbon Society
Contribution to a Low-carbon Society
Slide 14: Strengthening Green Store Initiatives
Strengthening Green Store Initiatives Strengthening green store initiatives since FY2019 Switch to renewable energy ● Daimaru Shinsaibashi, Shinsaibashi PARCO, Ikebukuro PARCO, Chofu PARCO Building a highly efficient energy system ● Shibuya PARCO Daimaru Shinsaibashi Shinsaibashi PARCO Shibuya P
Slide 15: Toward Zero GHG Emissions
Toward Zero GHG Emissions Reduced Scope 1 and 2 emissions by 16.3% in FY2019 (vs. FY2017) 100 Reduced 16.3% in 2019 Target for 2030 80 40% reduction (approved as SBT) 60 Target for 2050 Zero emissions 40 20 0 2017 2019 2020 2025 2030 2035 2040 2045 2050 6
Slide 16: Information Disclosure in Line with TCFD Recommendations
Information Disclosure in Line with “TCFD Recommendations” Disclosed information in line with “TCFD recommendations” in FY2020 Expressed support for “TCFD recommendations” in May 2019 ● Using them as guidelines for evaluating appropriateness of our climate actions Conducted climate-related scena
Slide 17: Renewable Energy Initiatives
Renewable Energy Initiatives Joined RE100 (Renewable Energy 100%) in October 2020 Target of the Group Source 100% renewable energy to power business activities by 2050 (Interim target) Source 60% renewable energy to power business activities by 2030 8
Slide 18: Management of the Entire Supply Chain
Management of the Entire Supply Chain
Slide 19: Toward Reduction of Supply Chain Emissions
Toward Reduction of Supply Chain Emissions Scope 3 emissions in FY2019: 3,782,555 t-CO2 * *Obtained third-party assurance ■ Implement initiatives in phases to achieve SBT suppliers customers and Collaborate with *The size of circles indicates the 4. Upstream emissions share of each category. transpo
Slide 20: Toward Sustainable Procurement
Toward Sustainable Procurement Sent Principles of Action to 9,444 suppliers and 530 suppliers attended briefing sessions in FY2019 ■ Formulated Principles of Action for Suppliers Formulated together with JFR Principles of Action in June 2019 ■ Sent Principles of Action for Suppliers Sent to 9,444 su
Slide 21: Strengthening Human Rights Initiatives
Strengthening Human Rights Initiatives Launched human rights due diligence efforts in FY2020 Major initiatives related to human rights 2019 Formulated human rights policy Launched human rights due diligence 2020 efforts Identified human rights risks Expanded human rights policy 2021 Start assessment
Slide 22: Job Satisfaction Reform
Job Satisfaction Reform
Slide 23: Realization of Job Satisfaction Reform
Realization of “Job Satisfaction Reform” ■ Realization of “job satisfaction reform” through promotion of diversity and realization of work-life balance Realization of job Realization of innovation satisfaction reform Realization of productivity improvement Promotion of diversity Realization of work-
Slide 24: Realization of Work-Life Balance
Realization of Work-Life Balance
Slide 25: Initiatives Accelerated by COVID-19
Initiatives Accelerated by COVID-19 ■ Promotion of telework 70% teleworking (JFR Head Office) As of November 2020 Working hours / workload Work-life balance sense of accomplishment Improved and motivation Unchanged ■ Promotion of health management Efforts to prevent COVID-19 ・ Daily temperature chec
Slide 26: Male Participation in Childcare and Prevention of Employee Turnover
Male Participation in Childcare and Prevention of Employee Turnover due to Childcare and Nursing Care ● Promotion of male participation in childcare 18 male employees took childcare leave in FY2019 ● Prevention of employee turnover due to childcare and nursing care Checked reasons for retirement in
Slide 27: Promotion of Diversity
Promotion of Diversity
Slide 28: Promotion of Women's Empowerment
Promotion of Women’s Empowerment Ratio of women in management positions in FY2019: 16.6% ■ Increased 1.9% compared to FY2018 18 180 16.6 16 14.7 160 14.3 14 12.2 153 140 143 12 11.1 134 120 10.4 113 10 100 103 No. No.of of Female women Managers in management positions 8 93 80 Percentage of female Ra
Slide 29: Promotion of Senior Empowerment and Employment of Disabled People
Promotion of Senior Empowerment and Promotion of Employment of Disabled People ● Promotion of Senior Empowerment EmpowermentParticipation of Seniors Extended retirement age to 65 (5 companies) in FY2020 ● Promotion of employment of disabled people Employment ratio of disabled people in June 2020: 2.
Slide 30: Coexistence with Local Communities
Coexistence with Local Communities
Slide 31: Urban Dominant Strategy
Urban Dominant Strategy Opened main building of Daimaru Shinsaibashi and Shibuya PARCO in FY2019 Daimaru Shinsaibashi Shibuya PARCO ■ Opened BINO Sakae and Shinsaibashi PARCO in November 2020 BINO Sakae Shinsaibashi PARCO 22
Slide 32: Next 3-year Targets
Next 3-year Targets
Slide 33: Next 3-year Targets
Next 3-year Targets ■ 2021-2023 targets Long-term targets 2018-2020 forecast 2021-2023 Progress Scope 1 and 2 2050 Steady Zero CO2 emissions 21% reduction of CO2 emissions 30% reduction of CO2 emissions 2030 (vs. FY2017) (vs. FY2017) 40% reduction of CO2 emissions Scope 3 2030 11% reduction of CO2 e
Slide 34: Next 3-year Targets
Next 3-year Targets ■ 2021-2023 targets Long-term objectives 2018-2020 forecast 2021-2023 Progress Ratio of women in management positions FY2020 26% Steady 30% in 2025 20% Aim for 50% in 2030 2030 Introduced retirement at 65 in 2020 Aim to introduce Steady Aim for retirement at 70 5 companies retire
Slide 35: ESG Presentation: Current Status of JFR Governance
3rd ESG Presentation Current Status of JFR Governance Seen by Independent Outside Director and Expectations for the Future November 25, 2020 J. Front Retailing Co., Ltd. UCHIDA Akira, Director Create and Bring to Life “New Happiness.”
Slide 36: Agenda
Agenda 1. Introduction 2. Corporate Governance Reform Efforts 3. Activities of Remuneration Committee 4. Role of Independent Outside Directors 5. Future Expectations and Challenges 2
Slide 37: Corporate Governance Reform Efforts
Corporate Governance Reform Efforts Company with an Audit & Supervisory Board CG Code was published 2015 2016 2017 ● Started to evaluate ● Studied optimal organizational structure ● Changed organizational structure (May) Board of Directors ● Reviewed criteria for proposals to ● Reviewed criteria for
Slide 38: Major Board Agenda Items
Major Board Agenda Items ■ Top priority agenda for FY2020 ◇ Clarification of what the Group should be 10 years from now ◇ Next Medium-term Business Plan starting in FY2021 ◇ Business structure reform to survive amid COVID-19 A lot of discussions with full focus on both urgent issues and management d
Slide 39: Composition of the Board of Directors and Statutory Committees
Composition of the Board of Directors and Statutory Committees Board of Directors 6 Outside Directors 7 Inside Directors Woman Chairperson President and Executive Officer [Outside Directors] Share information and exchange opinions in executive sessions Non-executive Executive Nomination Committee Au
Slide 40: Activities of Remuneration Committee
Activities of Remuneration Committee Revised Officer Remuneration Policy (April 2020) ◇ Clarified our approach to sustainability management (Explicitly states Corporate Credo, the Group Vision, materiality policy, etc.) ◇ Explicitly states that important tasks of individual officers are connected to
Slide 41: Activities of Remuneration Committee
Activities of Remuneration Committee ■ Major agenda items for FY2020 ◇ Integrated review of officer remuneration system of JFR, Daimaru Matsuzakaya Department Stores and Parco ◇ New remuneration policy linked to next Medium-term Business Plan ◇ Examination of remuneration system ・ Ratio of fixed por
Slide 42: Major Roles of Independent Outside Directors
Major Roles of Independent Outside Directors Providing guidance and advice from a high and broad medium- to long-term perspective in formulating management strategies and making important management decisions Judgment on the ideal business portfolio that is not constrained by the past Appointm
Slide 43: Future Expectations and Challenges
Future Expectations and Challenges Expectations for people who execute business ◇ To complete business structure reform ◇ To speed up execution Challenges for Board of Directors ◇ Subjects that need to be discussed in more depth ・ Roles of JFR Board of Directors and its composition ・ Medium- to long
Slide 44: Thank you for your attention.
Thank you for your attention.
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