The AOKI Group recognizes conservation of the global environment as a priority issue and strives to reduce environmental impact in each of its  businesses. The Group endorsed the TCFD recommendations, which encourage corporations to disclose information on the effects climate change has on them, and we will further promote disclosure of information in line with these recommendations and contribute to the realization of a sustainable society.

In December 2021, AOKI Holdings established the Sustainability Committee consisting of the directors of AOKI Holdings, department heads and the presidents of the Group companies. In general, the Committee meets twice a year. The Committee assesses the business risks and opportunities climate change poses, and also discusses annual and medium- to long-term plans and with an eye on the sustainable growth of the Group as a whole, reporting its findings to the Board of Directors.

In response to the reports of the Sustainability Committee on the important matters it discusses as well as on the progress of its plans, the Board of Directors monitors the status of initiative implementation and also drafts and implements business plans taking into consideration climate change matters.

Matters such as the tightening of regulations regarding greenhouse gas emissions in light of their effect on climate change, the transition to renewable energy, and changes in consumer consumption trends could potentially affect the AOKI Group’s businesses and financial affairs. The following is a list of the risks and opportunities whose effects on the AOKI Group are anticipated to be between medium and large as of the present time.

1) Risks

2) Opportunities

Groupwide risks are managed by the Compliance Committee and Risk Management and Information Security Committee. With regard to risks from climate change, the Sustainability Committee assesses the degree of impact they will have on businesses and determines appropriate policies. The advancement of these policies is shared between the Compliance Committee and Risk Management and Information Security Committee. The Sustainability Committee informs the Board of Directors about major risks it has identified and proposes responses to these risks. In turn, with the approval of the Board of Directors, the Sustainability Promotion Department, the Sustainability Committee’s secretariat, plays a central role in said responses.

This figure includes results from the consolidated second quarter of fiscal 2022 due to the subsidiary acquisition of RUNSYSTEM CO., LTD. in June 2022.

Mainly, AOKI, Anniversaire, KAIKATSU FRONTIER and RUNSYSTEM are engaged in the Fashion Business, Bridal Business and Entertainment Business, respenctively.

The AOKI Group is promoting the reduction of greenhouse gas (CO2) emissions in order to reduce its environmental impact. The Group is aiming to reduce its per-store Scope 1 and Scope 2 emissions by 50% in comparison to fiscal 2017 (ended March 31, 2018) levels by fiscal 2030. In addition, the Group is also carrying out Scope 3 disclosure. Further, the AOKI Group is considering introducing an internal carbon pricing scheme and is planning to promote further initiatives aimed at achieving zero CO2 emissions across its entire supply chain by 2050.

CO2 Reduction Targets (Per-Store)

The AOKI Group will continue to consider metric and target items.