ESG Data

This page discloses ESG data related to our business activities by category.

●E:Planet
Contribute to a sustainable world by pursuing a circular economy
●S:People
Pursue a fair and inclusive society
●G:Transparency
Aim to be a more transparent, secure, and trustworthy company

Planet

We use our proprietary LCA tool, Valuence Resale Impact Calculator, to calculate the avoided emission of luxury products sold by our group.

Avoided CO2 emissions
5,849,251t
Avoided water consumption
297,032,752㎥
Avoided energy consumption
24,084,648GJ
Avoided PM2.5 emissions
2,489,485t

*The figure covers luxury and other products (watches, bags, jewelry, apparel, and accessories) resold by the Valuence Group from September 2021 until August 2022.

Data Category FY August 2019 FY August 2020 FY August 2021 FY August 2022
Resale Impact Avoided CO2 emissions (t) 3,471,433 4,315,484 5,849,251
Avoided water consumption (㎥) 176,184,241 221,266,400 297,032,752
Avoided energy consumption (GJ) 14,304,486 17,756,116 24,084,648
Avoided PM2.5 emissions (t) 1,478,022 1,835,900 2,489,485

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.

Data Category FY August 2019 FY August 2020 FY August 2021
Energy Consumption Electricity consumption (kWh) 2,747,625 3,297,435 2,479,974
Gasoline consumption (kl) 37.5 35.6 12.0
Diesel fuel consumption (kl) 6.4 13.2 65.3
GHG Emissions Total CO2 emissions (t-CO2) *1 1,151 1,132 24,015
Scope 1 (t-CO2) *2 252 261 265
Scope 2 (t-CO2) *3 899 871 1,161
Scope 3 (t-CO2) *4 22,589
Category 1: Purchased goods and services 12,170
Category 2: Capital goods 1,025
Category 3: Fuel- and energy-related activities 183
Category 4: Upstream transportation and distribution 691
Category 5: Waste generated in operations 82
Category 6: Business travel 182
Category 7: Employee commuting 239
Category 8: Upstream leased assets 0.1
Category 9: Downstream transportation and distribution 7,465
Category 10: Processing of sold products
Category 11: Use of sold products 117
Category 12: End of life treatment of sold products 434
Category 13: Downstream leased assets
Category 14: Franchises
Category 15: Investments

*Scope of calculation: Valuence Holdings and domestic subsidiaries
*1 Scope 3 figures are shown from the fiscal year ending August 31, 2021.
*2 Greenhouse gas emissions from business-use vehicles and air conditioning used for buying offices, administrative offices and warehouses.
*3 Greenhouse gas emissions from electricity used in buying offices, administrative offices, and warehouses.
*4 Greenhouse gas emissions from merchandise transportation, procurement (purchased goods, advertising expenses).

People

Data Category FY August 2019 *3 FY August 2020 FY August 2021
Employee Engagement and
Labor Practices
Employee engagement score *1 3.3 3.3
Average age (years) 30.4 30.2 30.6
Average years of service 2.8 years 2.8 years 2.5 years
Average annual salary of employees (yen)*2 4,692,866 4,848,499 5,187,160
Ratio of employees covered by social insurance 100% 100% 100%
Periodic health checkup rate 100% 100% 100%
Stress checkup rate 84% 83% 85%
Smoking rate
Paid leave utilization rate 72% 61% 55%
Number of days off work for the entire group (days) 128 128 128
Number of work-related fatalities throughout the group 0 0 0
Diversity & Inclusion Number of employees 385 474 707
Men 246 288 441
Women 139 186 266
Female employees ratio 36.1% 39.2% 37.6%
Number of employees in management positions 76 93 127
Men 65 78 102
Women 11 15 25
Female ratio in management positions 14.9% 16.3% 19.7%
Average age of employees in management positions (years) 36.5 36.6 37.9
Number of disabled employees 4 4 10
Employment rate of disabled employees 1.55% 1.36% 2.08%
Average annual salary for men (yen)*2 5,280,598 5,221,430 5,665,686
Average annual salary for women (yen)*2 4,067,715 4,045,554 4,344,954
Turnover rate *4 18.7% 14.6% 13.6%
Utilization of childcare / spouse maternity leave 75%/100% 75%/100% 39%/100%
Ratio of employees returning to work after childcare leave (men/women) -/100% -/75% 100%/90%

* Items without footnotes represent Valuence Holdings on a non-consolidated basis (including employees seconded to subsidiaries). Full-time employees who did not take leave or take advantage of shortened work hours with the company for an entire fiscal year under review are counted as aggregation target.
*1 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.
*2 Average of total salaries (September to August) and bonuses (winter and summer) paid to full-time employees employed at Valuence Holdings and Valuence Japan for the entire fiscal year and who did not take leave or take advantage of shortened work hours.
*3 Figures for the FY August 2019 were calculated on a non-consolidated basis for SOU Corporation (before corporate name change), including employees on leave.
*4 We changed the calculation method since the October 14, 2022 update and revised the past data. (Previous procedure: number of employees retired during the period divided by the number of employees at the beginning. Revised procedure: number of employees retired during the period divided by the number of employees at the end of the period.)

Transparency

Data Category FY August 2019 FY August 2020 FY August 2021 FY August 2022
Corporate Governance *1 Number of Board of Directors 8 6 9 10
Men 8 6 9 9
Women 0 0 0 1
Ratio of female directors 0% 0% 0% 10%
Number of outside directors 4 3 5 6
Number of independent directors 3 2 5 5
Ratio of attendance at Board of Directors Meetings 100% 100% 100%
Composition of the Audit and Supervisory Committee – *2 3 outside directors 4, including
3 outside directors
4, including
3 outside directors
Composition of Nomination and Compensation Committee -*3 3, including
2 outside directors
5, including
4 outside directors
3, including
4 outside directors
Total amount of executive compensation (Thousands of yen) 133,333 *4 168,028 *5 305,967 *6
Number of whistleblower incidents 2 1 5
Political donations none none none
Payments to industry associations none none none

*1 Information on directors and auditors is as of August 31, but for the fiscal year ending August 31, 2022, information as of the close of the General Meeting of Shareholders held on November 25, 2021, is shown.
*2 The Company transitioned to a company with the Audit and Supervisory Committee as of November 22, 2019.
*3 The company established the Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors as of August 1, 2020.
*4 Breakdown: 114,333 thousand yen for directors (excluding outside directors) and 19,000 thousand yen for outside officers
*5 Breakdown: 148,953 thousand yen for Directors (excluding audit committee members and outside directors) and 19,075 thousand yen for outside officers
*6 Breakdown: 253,309 thousand yen for Directors (excluding Audit & Supervisory Board Members and Outside Directors), 20,658 thousand yen

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