Valuence Holdings Inc. (Tokyo; Shisuke Sakimoto, representative director and president) pursues the purpose of Circular Design for the Earth and Us, and encourages more people to focus on what is most important in their lives. The company announced that it has published climate-related information disclosures on its corporate website. The disclosures in question are based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)*1.
Since its founding in 2011, reuse has been the core of Valuence Group businesses, not as a means to throw out luxury brand items no longer wanted, but as a means to pass on such items to persons who want and will enjoy the value of luxury goods, antiques, art objects, and more. The Valuence Group intends to accelerate the transition to a circular economy by expanding its reuse business, which seeks value in items that are no longer needed and circulates such items to new owners.
At the same time, the group has defined its ESG materialities related to climate change, which is an urgent and important issue worldwide. In this context, Valuence set a target in October 2021 to achieve carbon neutrality across its value chain by the year 2030*2. In September 2022, Valuence Holdings endorsed the recommendations of the TCFD, a task force established by the Financial Stability Board, and joined the TCFD Consortium. Most recently, the company published its information disclosure based on the framework proposed by the TCFD.
Valuence Holdings intends to continue to contribute to decarbonized societies through efforts to address climate change and enhanced information disclosures based on the recommendations of the TCFD.
■ Disclosures Based on the Recommendations of the TCFD
https://www.valuence.inc/sustainability/
*1 Task Force on Climate-related Financial Disclosures (TCFD)
The TCFD is a task force established in 2015 by the Financial Stability Board (FSB) with the participation of national central banks, financial authorities, and international organizations. The task force recommends that companies and other entities disclose information to stakeholders in four areas related to climate-related risks and opportunities: governance, strategy, risk management, and metrics and targets.
TCFD website: https://www.fsb-tcfd.org/
*2 Greenhouse gas emissions throughout will be value chain include emissions from the group (Scope 1 and Scope 2) as well as indirect emissions arising from group business activities (Scope 3).
