BOOKOFF GROUP HOLDINGS LIMITED
Climate Impact & Sustainability Data (2020-04 to 2021-05, 2021-05 to 2024-05, 2021-06 to 2022-05, 2022-06 to 2022-11, FY5/2023 (May 2022 - May 2023))
Reporting Period: 2020-04 to 2021-05
Environmental Metrics
ESG Focus Areas
- Responsible Consumption and Production
- Diversity and Inclusion
- Employment of People with Disabilities
Environmental Achievements
- Not disclosed
Social Achievements
- Established job site selection program for employees, allowing them to request jobs in specific regions.
- Implemented re-hiring system.
- Offered various support programs for employees, including pregnancy and child care leave, nursing care time off, reduced working hours, and coordinated husband-wife transfers.
- Employed 142 people with disabilities (2.79% of the workforce) through B-Assist, Inc.
- Received certification under the Monisu program for outstanding activities in employing people with disabilities.
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- COVID-19 pandemic impacted store operations, leading to temporary closures and reduced sales in the first quarter.
- Pandemic-related impairment losses on goodwill and non-current assets.
- Reduced investments in new stores due to the pandemic.
Mitigation Strategies
- Implemented various COVID-19 countermeasures at stores (face masks, sanitizing stations, etc.).
- Reduced operating hours and took other actions in response to regional outbreaks.
- Targeted demand associated with stay-at-home measures.
- Controlled investments and focused on remodeling existing stores.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 12: Responsible Consumption and Production
BOOKOFF's reuse business extends the life of products, reducing waste and contributing to SDG 12.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Monisu program certification
Reporting Period: 2021-05 to 2024-05
Environmental Metrics
ESG Focus Areas
- Climate Change
- Circular Economy
- Sustainability
Environmental Achievements
- Reduced CO2 emissions (Scope 1+2) from 27,050t-CO₂ in 2022/5 to 17,535t-CO₂ in 2024/5
Social Achievements
- Not disclosed
Governance Achievements
- Established a Sustainability Strategy Committee
Climate Goals & Targets
- Achieve carbon neutrality by 2045
- 50% reduction in CO2 emissions by 2030 (compared to 2022/5)
- 15% renewable energy adoption rate by 2030
- Not disclosed
Environmental Challenges
- Increased costs due to plastic regulations, carbon pricing, and rising renewable energy prices
- Sales decrease due to power outages, natural disasters, and decreased customer traffic
- Reputational risks due to insufficient environmental measures
Mitigation Strategies
- Replacing lighting and air conditioning equipment with energy-efficient options
- Promoting energy conservation and renewable energy adoption
- Strengthening BCP measures
- Developing new infection control measures
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters (typhoons, floods)
- Extreme weather (warm winters)
Transition Risks
- Increased costs due to regulations and carbon pricing
- Decreased sales due to power outages and decreased customer traffic
Opportunities
- Increased demand for reuse goods
- Increased sales from selling recycled materials
Reporting Standards
Frameworks Used: TCFD
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2021-06 to 2022-05
Environmental Metrics
ESG Focus Areas
- SDGs
- Climate Change
- Human Capital
Environmental Achievements
- Not disclosed
Social Achievements
- Group's promotion of employment of people with disabilities through B Assist Co., Ltd.
- Official smartphone app members exceeded 5 million in May 2022.
Governance Achievements
- Transitioned from a company with a board of auditors to a company with an audit committee in August 2021.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Securing and developing human resources in a challenging employment environment.
- Maintaining profitability of BOOKOFF Online amidst rising delivery and labor costs.
- Ensuring stable profits for BOOKOFF SUPER BAZAAR and BOOKOFF PLUS stores.
- Securing sufficient inventory of used goods.
- Maintaining profitability of overseas stores.
- Climate change impacts (increased energy costs, reduced customer traffic).
- Franchisee store attrition.
Mitigation Strategies
- Improving operational efficiency, improving compensation, and building a diverse workforce.
- Improving sales efficiency through simultaneous listing on multiple EC sites, continuous operational improvement, and system renewal.
- Store renovations, expansion of trading card and hobby sections, and entertainment-focused store development.
- Strengthening promotions, implementing regional and product-specific buyback campaigns, and expanding the affluent customer base.
- Strengthening local hiring and training, product differentiation, and partnerships.
- Establishment of a Sustainability Strategy Committee, TCFD-aligned governance and strategy development.
- Support for franchisees through regional branches, training, and system support.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 12 (Responsible Consumption and Production)
The company's core reuse business contributes to extending the lifespan of goods and reducing waste.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-06 to 2022-11
Environmental Metrics
ESG Focus Areas
- Waste reduction
- CO2 emission reduction
- Diversity and Inclusion
- Sustainable supply chain
- Education
Environmental Achievements
- Reduced CO2 emissions by approximately 21 tons annually through reuse business
- Recycling of approximately 30,000 tons of used paper annually, equivalent to protecting approximately 600,000 trees
Social Achievements
- Pleasant and Productive Workplace Project to increase female managers and child care time off utilization
- Established B-Assist, Inc., a special subsidiary providing employment for people with disabilities, employing 137 people with disabilities (2.41% of the workforce)
- Conducted 70 reuse lessons for over 2,000 students
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Increase female managers by 50% and achieve 100% child care time off utilization for female employees and at least 30% for male employees by FY5/2025
Environmental Challenges
- Increased electricity charges and employee compensation
- Supply chain disruptions (implied by reliance on merchandise from Japan for overseas stores)
Mitigation Strategies
- Cost optimization through IT investments and efficiency improvements
- Developing alternative sourcing strategies and partnerships (implied by efforts to expand overseas operations and reuse initiatives)
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Partnerships with companies for reuse and recycling
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 12: Responsible Consumption and Production
Buying and selling reuse items extends the life of merchandise and reduces waste.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: FY5/2023 (May 2022 - May 2023)
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Corporate Governance
Environmental Achievements
- Reduced CO2 emissions from books, CDs, DVDs, game software, and other merchandise (specific figures not provided, but mentioned as a goal)
- Recycled approximately 1,700 tons of unsold CDs and DVDs to produce sustainable plastic.
Social Achievements
- Opened the second Japan TCG Center.
- Launched BOOKOFF Clean-up Service.
- FOOD ReCO e-commerce site selling near-expiration food products.
- Comprehensive cooperation agreement with City of Sagamihara.
- Cooperation agreement with Minami-Chita for services involving abandoned houses.
- Various employee benefits (elderly parent care time off, re-hiring system, etc.).
- Joint activities with the Tokyu Group, including programs at schools.
Governance Achievements
- Established Sustainability Strategy Committee (2022).
- Improved shareholder communication (webcasts, individual investor meetings).
- Plan to start business segment reporting in FY5/2024.
- President participates in one-on-one institutional investor meetings.
- English-language earnings announcements and presentations.
Climate Goals & Targets
- Establish a 100-store network for Premium Services Business by FY5/2028.
- Goal of 100 JJJ stores worldwide and 100 U.S. stores in FY5/2033.
- Increase reuse of items no longer needed.
Environmental Challenges
- Delays in large IT development projects (EC site and store POS system upgrades).
Mitigation Strategies
- Updates to EC site and store POS system are expected in FY5/2024.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Sustainable plastic from recycled CDs/DVDs