Response to Climate Change

Response to Climate Change

We believe that climate change, which has a significant impact on the Earth and our business activities, presents both risks to our group’s management, and at the same time new business opportunities. In order to achieve a sound corporate development and a sustainable society, we are promoting initiatives to solve environmental issues and working to expand disclosure of environmental related information.

Approach to Reducing Greenhouse Gas (GHG) Emissions

In order to move forward with measures to realize a carbon-free society and firmly ensure the reduction of greenhouse gas (GHG) emissions along the supply chain, we began calculating GHG emissions for the entire supply chain (Scope 3) of the Wacoal Business (Domestic) in 2021. Moreover, in addition to disclosing reduction targets for Scope 1 and Scope 2 GHG emissions from our operating bases in Japan in pursuit of our 2030 nonfinancial goals, in June 2022 the Company disclosed reduction targets for the aforementioned Scope 3 GHG emissions of the Wacoal Business (Domestic).

GHG Emissions Reduction Process

Currently, the Subcommittee for Carbon-Neutral, which operates under the Sustainability Committee, takes the lead in reviewing specific action plans for achieving GHG emissions reduction targets. In pursuit of our goal of realizing net-zero GHG emissions at all of our operating bases in Japan, we plan on installing solar power generating systems at our distribution centers as well as gradually converting to the use of renewable energy at our existing operating bases. Meanwhile, in order to reduce GHG emissions along the supply chain, it is imperative that we work in unison with our suppliers. We intend to develop an action plan and course of action for reducing GHG emissions while urging our suppliers to do their part in helping to reduce GHG emissions along the supply chain.

Initiatives in Fiscal 2024 and Plan for Fiscal 2025

To reduce greenhouse gas emissions at our domestic business sites, we will sequentially replace equipment with cost-effective energy-saving devices in addition to improving facility operations based on the plan established in 2024.
To reduce greenhouse gas (Scope 3) emissions in our supply chain in Japan, we have prioritized the refinement of secondary data. We are also engaging suppliers by holding briefing sessions on our own environmental policies and initiatives.
To reduce greenhouse gas emissions in our overseas operations, we have determined that our garment factories, which account for more than 80% of the total electricity consumption, are subject to boundaries and have calculated their greenhouse gas emissions. In fiscal 2025, we will conduct research on initiatives to reduce emissions while restructuring our environmental management operations.

Disclosure of Information Based On TCFD Recommendations

In September 2021, the Wacoal Group announced its support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and in 2022, the Wacoal Group disclose information on the four thematic areas of governance, strategy, risk management, and metrics and targets in accordance with the recommendations of the TCFD.

• Wacoal Group TCFD Report

Recognition as a CDP Supplier Engagement Leader

CDP is an international nonprofit organization that conducts research and analyses on the initiatives of companies and organizations around the world to address climate change and other environmental issues and discloses the results of these assessments. The CDP’s Supplier Engagement Rating assesses how companies work effectively with suppliers to resolve the issue of climate change. In 2022, the Group has been selected as "B-List" in CDP's Climate Change questionnaire.

Environment-related data

Fiscal 2023
Greenhouse Gas Emissions Generated by the Wacoal Business (Domestic)

Other Energy Data