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.
*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