Climate Change Data

Isetan Mitsukoshi Holdings Ltd.

Climate Impact & Sustainability Data (2020-03 to 2024-03, 2023-04 to 2024-03)

Reporting Period: 2020-03 to 2024-03

Environmental Metrics

Total Carbon Emissions:3,588,892 tCO2e (FY2023)
Scope 1 Emissions:24,745 tCO2e (FY2024)
Scope 2 Emissions:141,677 tCO2e (FY2024)
Scope 3 Emissions:3,457,447 tCO2e (FY2023)
Renewable Energy Share:Not disclosed
Total Energy Consumption:3,111,118 GJ (FY2024)
Water Consumption:1,710,000 m3 (FY2024)
Waste Generated:16,319 tons (FY2024)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Society
  • Governance

Environmental Achievements

  • Reduced GHG emissions intensity (Scope 1 & 2) by 26% from 0.188 tCO2e/million yen in FY2021 to 0.136 tCO2e/million yen in FY2024.
  • Increased renewable energy usage.

Social Achievements

  • Increased female management ratio from 25.2% in FY2021 to 31.2% in FY2024.
  • Improved employee annual paid leave rate from 64.7% in FY2022 to 85.9% in FY2024.
  • Reduced employee turnover rate.

Governance Achievements

  • Increased the ratio of independent outside directors to 100%.
  • Increased female board member ratio from 15.4% in FY2021 to 33.3% in FY2024.
  • Maintained zero corruption violations.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

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: ISO 27001, ISO 20000, JISQ 15001

Third-party Assurance: Soko Tec Certification Japan

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:139,347 tCO2e/year (preliminary, Scope 1 & 2)

ESG Focus Areas

  • Connecting People and Local Communities
  • Connecting a Sustainable Environment and Society
  • Maximizing the Power of People
  • Group Governance and Communication

Environmental Achievements

  • Greenhouse gas emissions (preliminary figures for FY2023; compared to FY2013): -44.5%

Social Achievements

  • Ratio of female managers *Group total (as of April 1, 2024): 31.2%
  • Percentage of male employees taking childcare leave Isetan Mitsukoshi Ltd. (FY2023 results): 100%
  • Ratio of employees with disabilities Isetan Mitsukoshi Ltd. and major Group companies in the Tokyo metropolitan area (as of June 1, 2024): 3.00%
  • Companies achieving less than and 1,800 total working hours per year (target 23 Group companies) (FY2023 results): 47.8%
  • Employee engagement survey response rate *Across the Group (FY2023 results): 100%

Governance Achievements

  • Reorganizing the Isetan Mitsukoshi Group Corporate Philosophy
  • Established the Isetan Mitsukoshi Group Code of Conduct for Suppliers

Climate Goals & Targets

Long-term Goals:
  • Virtually zero greenhouse gas emissions (Scope 1 and 2) by 2050
Medium-term Goals:
  • Achieve 60% renewable energy share (domestic department stores) by 2030
  • Operating income of 80 billion yen in FY2027, and 100 billion yen in FY2030
Short-term Goals:
  • Reduce greenhouse gas emissions by 50% compared to FY2013 by 2030

Environmental Challenges

  • Declining population
  • Low birthrate and aging population
  • Re-opening of stores
  • Rural depopulation
  • Overcoming deflation
  • Geopolitical risks
  • Increasing stock prices and expansion of the wealthy population
  • Weakening yen and rising prices
  • Increase in the number of foreign visitors to Japan
Mitigation Strategies
  • Shifting from a store business to an individual customer business
  • High sensitivity, fine quality strategy
  • CRM strategy connecting with individual customers
  • Intra-group coordination strategy
  • Urban community development strategy
  • Scientific analysis of department stores
  • Cost structure reforms

Supply Chain Management

Supplier Audits: Approx. 12,000 companies (FY2023 results)

Responsible Procurement
  • Isetan Mitsukoshi Group Code of Conduct for Suppliers
  • Isetan Mitsukoshi Group Human Rights Policy
  • Isetan Mitsukoshi Group Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme and abnormal weather events
  • Financial risk of loss incurred due to Group stores being damaged by extreme weather events
  • Risk of reduced sales due to stores being unable to operate because of typhoons and other weather events
  • Risk of reduced sales because products cannot be procured due to disruption of the supply chain
Transition Risks
  • Advancement of global warming
  • Risk of reduced sales of cold protection and other goods
  • Risk of reduced sales due to reduced customer traffic as consumers avoid going out in the heat
  • Introduction of carbon pricing
  • Increase of energy costs
  • Additional capital expenditure and other costs required for reducing greenhouse gas emissions
  • Increase of product procurement costs
Opportunities
  • Changes in consumer behavior
  • Rise in interest in environmentally conscious consumption and responses to that rise
  • Achievement of energy conservation
  • Financial effect of reduced energy costs
  • Evaluation of corporate value
  • Improved reputation among stakeholders and the public by striving to become an environmentally friendly business

Awards & Recognition

  • 2024 Certified Health & Productivity Management Outstanding Organization