Resale Impact for September 2020 through August 2021
The concept of reuse is one of the main initiatives in a recycling society, and we believe the global development of our core reuse business will lead to the realization of a sustainable society. We also aim to maximize the corporate value by realizing a world in which all stakeholders can live in a way that is our corporate mission “Encouraging people to live in a way that is true to themselves.”, through proactive approach to ESG issues.
List of Policies
Click the link and download the various policies related to the ESG activities of the Valuence Group.
- To be released soon.
The Valuence Group has established the ESG Promotion Committee, which deliberates and decides on ESG-related policies and activity plans.The committee is chaired by the director in charge of ESG promotion and consists of members appointed by by him or her.
In addition, the IR/ESG Office has been newly established to promote the matters decided by the committee in cooperation with the entire Group. The contents of the deliberations are reported to the Board of Directors on a regular basis.
Commitment to Sustainability
We have set specific targets for E (Planet), S (People), and G (Transparency) to strive towards our aim of realizing of a sustainable society and achieving sustainable growth of our company. We will accelerate our sustainability efforts to achieve these goals.
Aiming for Carbon Neutrality
Throughout the Value Chain
*Greenhouse gas emissions throughout our value chain include direct and indirect emissions from our operations (Scope 1 and Scope 2) as well as indirect emissions from activities related to our business (Scope 3).
Employee Engagement Score
to 4.2 by FY2025
*The average of each score (on a scale of 1 to 5) in our external engagement survey (conducted by a third party): (1) Company satisfaction, (2) Job satisfaction, (3) Supervisor satisfaction, and (4) Workplace satisfaction.
*Score for FY August 2021: 3.3
Achieve at least 30%
of female representation
on the Board of Directors
Materiality identification process
Valuence Group have identified 18 ESG issues related to our business and positioned them on our Materiality Matrix. We select issues through the following steps.
Step 1: Identification of candidate themes
The Valuence Group analyzed the expectations and requests from our valued stakeholders including customers, business partners, employees, shareholders, investors, public institutions. By reflecting these stakeholders’ expectations and also taking into consideration our own internal analysis, GRI standards, SASB and major ESG evaluations, we have selected candidate themes to be focused on.
Step 2: Prioritization
Priority was rated to those themes as ESG issues from the perspectives of “importance of the Valuence’s business” considering the financial impact and our corporate philosophy, and “importance of stakeholders” which reflects expectations from GRI standards, SASB standards and major ESG evaluations. As a result, 18 ESG issues were positioned on our Materiality Matrix. Taskforce on prioritization were gathered from managers of each department.
Our board of directors reviewed and validated 18 ESG issues and Materiality Matrix.
Value Creation Scheme
Based on the 18 ESG topics we have identified, the Group has set its goals for each of the E/S/G items.
・E：Planet Realizing a sustainable planet and circular economy
・S：People Establishing a fair and inclusive society
・G：Transparency Toward a transparent, secure and trusted organization
By confronting global social issues and promoting responsible business activities, we will aim to achieve sustainable growth.
in order to realize a world where everyone can
Realizing a sustainable planet and circular economy
- Ascertaining ecological footprints of products handled.
- Encouraging waste reductions and recycling.
- Implementing efforts to address climate change.
Establishing a fair and
- Increasing customer satisfaction.
- Improving employee engagement.
- Promoting diversity and inclusion.
- Promoting human resource development.
- Practicing responsible procurement.
- Promoting culture and education.
- Developing future leaders.
Toward a transparent,
secure and trusted organization
- Enhancing corporate governance.
- Enhancing data privacy and security.
- Implementing measures to combat money laundering.
- Promoting responsible business activities.
Fiscal 2021 Resale Impact
*This category covers luxury brand goods (watches, bags, jewelry, apparel, and accessories) sold by the Valuence Group during the period covering September 2020 through August 2021
While luxury brand goods offer timeless value, such goods also present challenges in terms of raw materials procurement and disposal of goods produced in excess. The entire luxury brand goods industry is orienting toward a circular economy. In this context, the Valuence Group aims to promote reuse even further. The group calculates the avoided environmental footprint* emission of our products, considered one of the most critical materialities of the group, via Life Cycle Assessment (LCA).
The Valuence Group quantifies avoided emission using the Valuence Resale Impact Calculator. This is a unique tool developed by the group to calculate the avoided CO2 emissions, water consumption, energy consumption, and PM2.5 emissions of the products we handle. We label the amount calculated as our Resale Impact.
*Footprint: The environmental impact of greenhouse gases and other substances emitted by individuals, groups, companies, etc., in the course of their lives and activities.
The Concept of Resale Impact
In general, LCA refers to a method for evaluating the environmental impact of a product or service quantitatively through the life cycle of said product or service (resource extraction, raw materials production, product manufacturing, distribution/consumption, disposal/recycling), or at a specific stage in the life of the product or service in question.
According to the Intergovernmental Panel on Climate Change (IPCC), the main body that assesses climate change, there is no doubt that the earth is warming, and the main cause of global warming since the mid-20th century is very likely to be greenhouse gas emissions (such as carbon dioxide) from our human activities.
Source: Ar5 climate change 2014: Impacts, adaptation, and … – IPCC. (n.d.). https://www.ipcc.ch/report/ar5/wg2/
We assume that the environmental impact of CO2 emitted through the value chain from the procurement of raw materials through ultimate product disposal, less the environmental impact arising from transportation and use associated with reuse, represents the contribution to decreased production of goods in the future. We call the results of this calculation our Resale Impact, which we disclose for public view.
Resale Impact Service Rollout
We display Resale Impact on products sold at the Omotesando location of ALLU, a vintage luxury brand goods shop. The Resale Impact label is intended to encourage customers to understand they have done something positive for the global environment and to change behavior through reuse rather than disposal.
Resale Impact Calculation Standards
- As our customers purchase products the Valuence Group resells, our Resale Impact data represent the amount of environmental impact that can be avoided, not the amount of actual reductions in environmental impact. Presuming a customer buys a reused product instead of a non-reused product, the manufacturing and distribution process for the non-reused product is theoretically omitted; we calculate the environmental impact (in terms of CO2 emissions and water consumption) that the omitted manufacturing and distribution process could have, and show the result as avoided emissions . When calculating Resale Impact, we make assumptions on the amount of emissions from the omitted manufacturing and distribution process, and therefore Resale Impact data can differ from the amount of actual reductions in environmental impact.
- Since we are not a manufacturer of products, our calculation of Resale Impact covers products the Valence Group has resold (watches, bags, jewelry (including bullion), apparel, and accessories). Our Resale Impact data are not obtained by investigating and verifying the amount of actual environmental impact (CO2 emissions and water consumption) from the manufacturing process for each product. We calculate the environmental impact of the products throughout their life cycles, from material procurement to disposal and recycling, by referring to data from Gabi*, a life cycle assessment (LCA) database. The calculation has been conducted under the supervision of an outside consulting firm.
- There may be differences in the results of LCA due to differences in estimation conditions, lack of processes, and other factors.
- The latest Resale Impact calculation results for each product and the figures indicated on the product tag etc., may differ due to the review of calculation results and other factors.
*GaBi is a software program provided by Sphera Solutions GmbH to evaluate the sustainability of products through life cycle assessment.
We recognize that solving pressing issues such as climate change and biodiversity requires collaboration and cooperation with industry, local governments, organizations, etc. No company can accomplish this goal alone. The Valuence Group contributes to circular economies in Japan and abroad by acquiring advanced knowledge about circular economies and collaborating with other companies through memberships in domestic and international organizations.
Ellen MacArthur Foundation
The Ellen MacArthur Foundation is an international charitable organization that develops and promotes circular economies.
Japan Sustainable Fashion Alliance
The Japan Sustainable Fashion Alliance is a national organization promoting the transition to a sustainable fashion industry
The Valuence Group strives to create work environments that accept and respect diversity in terms of gender, ethnicity, social background, sexual orientation, age, and disability. Our policies state that we value and support individuality and endeavor to create workplaces where every employee can be true to themselves and find fulfillment in their work.
Dual Career System (external side jobs, multiple roles)
We offer diverse work styles, encouraging employees to live true to themselves by exploring their own uniqueness and improving their skills.
Certified as a Health & Productivity Management Outstanding Organization 2022
The Valuence Group engages in health support and health management as a base for better living among our employees. We were recognized as a Certified Health & Productivity Management Outstanding Organization by the Ministry of Economy, Trade and Industry.
Below are some of the actions the Valuence Group is taking to support our stakeholders with whom we have close relationships.
* Our sustainability-related targets are to be disclosed in this summer. Our actions for the targets are also to be unveiled soon.
What you can do right now
for children and the planet
This is a donation program that started on Children’s Day, May 5, 2015, with the hope of creating a society where all children have equal opportunities. All proceeds from the sale of customers’ unworn clothes will be donated to Chance for Children, a public interest incorporated association, to contribute to activities to stop the cycle of poverty among children in Japan.
Donations to Save the Children Japan
Supporting the future of children
Since 2014, Valuence Group has continued its partnership with Save the Children Japan, a public interest incorporated association, to support the future of children around the world.
Click the link and find more information about ESG(Environment, Social and Governance) data related to our business activities in the list.View More