MV Sustainability MV Sustainability

CO2 reduction Avoided CO2 emissions
4,315,484 t
Saving water Avoided water consumption
221,266,400

Resale Impact for September 2020 through August 2021

Sustainability

Avoided CO2 emissions
4,315,484t
Avoided water consumption
221,266,400t

Resale Impact for September 2020 through August 2021

Message

Message

The Valuence Group operates its business with the aim of realizing its mission, “Encouraging people to live true to themselves”. Our main business, “Resale”, plays a critical role of transition to circular economy, where we help customers to avoid disposing and connect them to someone in need. Today we are facing the biggest challenges such as climate change, inequality, infectious diseases. We cannot achieve our mission and grow our business without addressing these issues.
We will continuously commit to these challenges through our business in order to make our world more sustainable.

Valuence Group CEO
Valuence Holdings Inc.
Representative Director and President
Shinsuke Sakimoto

Basic Policy

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.

Advancement System

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.

推進体制図 推進体制図
Commitment to Sustainability

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.

Planet

Carbon
Neutral

Aiming for Carbon Neutrality
Throughout the Value Chain
by FY2030

*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).

People

Employee
Engagement
Score

4.2

Improve
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

Transparency

Ratio of
female directors

30%

Archive at learst 30% of
female representation on
Board of Directors
by FY2030

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.

Step3. Validation

Our board of directors reviewed and validated 18 ESG issues and Materiality Matrix.

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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.

Business activities of the Valuence Group
We will pursue more sustainable and responsible luxury reuse
in order to realize a world where everyone can live true to yourself.

Planet

Realizing a sustainable planet and circular economy

  • Ascertaining ecological footprints of products handled.
  • Encouraging waste reductions and recycling.
  • Implementing efforts to address climate change.

People

Establishing a fair and
inclusive society

  • Increasing customer satisfaction.
  • Improving employee engagement.
  • Promoting diversity and inclusion.
  • Promoting human resource development.
  • Practicing responsible procurement.
  • Promoting culture and education.
  • Developing future leaders.

Transparency

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.
Encouraging people to live true to themselves. Encouraging people to live true to themselves.
LCA

Resale Impact

Fiscal 2021 Resale Impact

Avoided CO2 emissions
4,315,484t
Avoided water consumption
221,266,400㎥
Avoided energy consumption
17,756,116GJ
Avoided PM2.5 emissions
1,835,900t

*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.

Product Life Cycle by Consumption Behavior Pattern Envirionmental Impact by Consumption Behavior Pattern

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.

Product tag image
Product tag image

Criteria for Resale Impact

  • Since we are not the manufacturer of the products, our calculation covers products resold by our group (watches, bags, jewelry (including bullion), apparel, and accessories).
  • We refer to data from Gabi*, an LCA database, to measure the environmental impact of the products handled by us throughout their life cycle, from material procurement to disposal and recycling.
  • The calculations are based on the average materials used to make up the products, not on all.
  • There may be differences in numerical results due to differences in estimation conditions, lack of processes, etc.


*GaBi is a software program provided by Sphera Solutions GmbH to evaluate the sustainability of products through life cycle assessment.

Network Collaboration

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 member

Ellen MacArthur Foundation
The Ellen MacArthur Foundation is an international charitable organization that develops and promotes circular economies.

ellen macarthur foundation member

Japan Sustainable Fashion Alliance
The Japan Sustainable Fashion Alliance is a national organization promoting the transition to a sustainable fashion industry

アクション

Employee Engagement

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.

Initiatives

  • Dual Career System (external side jobs, multiple roles)

    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

    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.

Actions

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.

  • ブルーバトン日本の「リユース」を世界へ

    BLUE BATON:
    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.

  • セーブザチルドレン日本の「リユース」を世界へ

    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.

ESG Data

Click the link and find more information about ESG(Environment, Social and Governance) data related to our business activities in the list.

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