Climate Change Data

PARIS MIKI HOLDINGS Inc.

Climate Impact & Sustainability Data (2023-03, 2024)

Reporting Period: 2023-03

Environmental Metrics

ESG Focus Areas

  • Diversity and Inclusion
  • Sustainability
  • Climate Change
  • Human Rights
  • Governance

Environmental Achievements

  • Utilizing recycled materials in store fixtures.
  • Recycling plastic shavings from lens production.
  • Donating used eyeglasses to Sri Lanka (55,000+ since 1991).

Social Achievements

  • Launched a program to increase the percentage of women in management positions, aiming for 10% by March 2025.
  • Provided emergency eyeglasses to disaster victims in various events since 1991.
  • Held a “Low Vision Blind Senryu Contest” five times since 2017.

Governance Achievements

  • Established a Nomination and Compensation Committee with a majority of independent outside directors.
  • Implemented a stock option plan to incentivize executives and employees.
  • Regularly conducts compliance training for executives and employees.

Climate Goals & Targets

Long-term Goals:
  • Achieving carbon neutrality by 2050 (aligned with the Paris Agreement).
Medium-term Goals:
  • Becoming a global hospitality brand by 2030.
  • Setting mid-term emission reduction targets and Scope 3 emission calculation and reduction targets.
Short-term Goals:
  • Increase women in management positions to 10% by March 2025.

Environmental Challenges

  • Relatively low percentage of women in management positions.
  • Need to improve the understanding of group company operations and share management vision.
  • Need to increase diversity in management, considering economic and efficiency perspectives.
Mitigation Strategies
  • Implementing training programs, improving work environment, and revising employment systems to increase women in management.
  • Increasing opportunities for group company operations understanding and sharing management vision.
  • Considering economic and efficiency perspectives in addition to nationality when increasing diversity in management.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Diversity and Inclusion
  • Climate Change
  • Sustainability
  • Governance
  • Human Rights
  • Community Investment

Environmental Achievements

  • Utilizing recycled materials in store fixtures.
  • Manifest management of plastic waste from lens production.
  • Recycling of metal resources from disposed eyeglasses.

Social Achievements

  • Launched initiatives to increase the percentage of women in management positions, aiming for 10% by March 2025.
  • Donated over 59,200 eyeglasses to Sri Lanka since 1991.
  • Provided emergency eyeglasses to disaster victims in various events since 1991.
  • Held six “Low Vision Blind Senryu Contests” since 2017.

Governance Achievements

  • Established a Sustainability Committee (Earth-Energizing Committee) to oversee ESG initiatives.
  • Identified five material issues: customer problem-solving, products and services leading to smiles, a globally expressive work style, environmentally conscious future-building activities, and sound corporate governance.
  • Implemented a stock option plan as an incentive for executives and employees.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050 (mentioned as a long-term goal aligned with the Paris Agreement).
Medium-term Goals:
  • Become a global hospitality brand by 2030.
Short-term Goals:
  • Increase the percentage of women in management positions to 10% by March 2025.

Environmental Challenges

  • Relatively low percentage of women in management positions.
  • Need to improve the effectiveness of the Nomination and Compensation Committee following the change in parent company.
  • Need to establish a special committee to address potential conflicts of interest with the parent company.
Mitigation Strategies
  • Implementing training programs, creating a more supportive work environment, and reviewing employment systems to increase the number of women in management positions.
  • Reviewing the composition of the Nomination and Compensation Committee to ensure independence.
  • Considering the establishment of a special committee to address potential conflicts of interest with the parent company.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD