Valuence Japan Announces Financing Under the SDGs Promotion Support Loan
Accelerating Contributions to Sustainability Through BusinessThe Mizuho Bank SDGs Promotion Support Loan is designed for companies engaged or planning to engage with the SDGs. Funds support the efforts of these companies, while also providing capital.
Valuence Japan purchases unneeded items from general customers, and then passes these items on to the next person who wants the product. The company purchase luxury brand goods through direct purchases in buying offices, as well as through in-home, by-mail, and online purchasing channels. In addition, the company operates vintage brand shops that sell rare luxury brand goods and one-of-a-kind vintage items of timeless value, both through brick-and-mortar stores and e-commerce. The aim here is to communicate the unique appeal of reuse goods, encouraging the spread of reuse and creating circular societies.
In May 2021, the Valuence Group became the first company in the reuse industry in Japan to conduct life cycle assessments (LCA)*1 in disclosing the reduction contribution of the group’s reuse business environmental footprint*2. Valuence Japan has also begun to include reduction contribution impact data on merchandise tags in the ALLU Omotesando store, which opened on February 5, 2022. The company believes that the capital borrowed through SDGs Promotion Support Loan will contribute to stronger sustainability initiatives and provide a platform for accelerating sustainability initiatives to be implemented more fully in the future.
The Valuence Group is committed to promoting reuse in Japan and internationally through its business activities, aiming to spread the adoption of reuse and create circular societies.
*1: A method to assess the environmental impact of products and services
*2: Environmental impact of greenhouse gases, etc., emitted by individuals, organizations, and companies in the course of their lives and activities.