Approaches to Sustainability Sustainability
As a sports apparel manufacturer, the GOLDWIN Group’s mission is to realize a fulfilling and healthy lifestyle through manufacturing and contribute to sustainability for the Earth and society.
A wide range of social and environmental problems call for global action, from climate change and biodiversity loss to poverty and human rights abuses, and companies need to take steps through their activities to help solve these problems. As a company in the apparel industry, where there are concerns over environmental load and human rights problems, we too must honestly approach these concerns.
In order to also fulfill our mission, we must take social and environmental problems into consideration in every stage from manufacturing to sales. We have defined these principles in our Basic Policy of ESG Management and have shared this policy throughout our Group.
Basic Policy of ESG Management
Every aspect of GOLDWIN Group’s operations̶from manufacturing to sales̶is rooted in our corporate mission to “realize a fulfilling and healthy lifestyle through sports.” Additionally, we will also leverage our passion and respect for sports to enhance our management transparency, create workplaces that enable employees to continue working in good health, make considerations for the global environment and biodiversity, and contribute to developing the future generation, local communities and the broader society through sports.
ESG management promotion framework
At GOLDWIN Group, the President and Representative Director holds the highest responsibility and authority for overall ESG management and is responsible for its effectiveness, based on the Basic Policy for ESG Management.
Since April 2021, the previous CSR Committee was renamed the ESG Management Committee to promote ESG management throughout the Group. This committee has its administrative office in the ESG Management Department and the General Affairs Department, with the Business Division, the Sales Division, the Sourcing Division, the Corporate Planning Division, the Management Division, subsidiaries and others responsible for business execution participating as members to deliberate on non-financial projects and annual projects as stated in our long-term vision PLAY EARTH 2030 and to examine the quarterly status of projects and ESG management issues within the Group. The ESG Management Committee reports the status of ESG management to the Board of Directors once a year and receives approval from the Board of Directors.
Regarding (E) Environment, we obtained ISO 14001 certification in 1999, the first to do so in the sports apparel industry, and have engaged in environmental conservation activities and developing environmentally friendly products while also improving our operational efficiency through conserving resources. The EMS Committee implements an environmental management system based on the ISO 14001 certification, while the Development Committee promotes the development of products with reduced environmental impact and recycling activities in the GREEN IS GOOD Working Group.
Value co-creation with stakeholders
Ever since its founding 70 years ago, GOLDWIN has been on track for growth. We believe this is a result of continuously keeping pace with our customers including top athletes, our employees and their families, business partners, financial institutions, shareholders and investors, local communities centered on our birthplace in Toyama Prefecture and our headquarters in Shibuya, and the rich natural environment that is inseparable from sports.
At GOLDWIN, we always consider and value our stakeholders to achieve our legacy of creating a fuller life with sports while co-creating value with them.
Multi-stakeholder Policy
In May 2021, we announced PLAY EARTH 2030, our five-year long-term vision. We aim to take on the challenges of sustainability in both business and the environment and to achieve our mission of realizing a fulfilling and healthy lifestyle through sports by engaging in appropriate collaborations with our many stakeholders, including not only our shareholders but also our employees, partners, customers, creditors, and communities. Appropriately sharing the revenue and results that are generated by creating value and improving productivity with these stakeholders will help maintain the momentum of wage increases and the sustainable development of the economy. For these reasons, we have defined a Multi-stakeholder Policy based on the importance of providing returns to employees and giving due consideration to our partners.
See the PDF file below to see the policy itself and learn about the specific initiatives it contains.
Partnership-building Declaration
We have issued a Partnership-building Declaration that states that we will promote the creation of new value throughout our entire supply chain by continuously working to build more positive relationships with our partners and further improve the soundness of transactions.
ESG management key issues
We identify three themes and nine items as the GOLDWIN key issues to co-create value with stakeholders and concretely promote ESG management. At GOLDWIN, all business execution departments participate to implement initiatives for these nine key issues under the supervision of the ESG Management Committee.
Participation in Initiatives and External Organizations
GOLDWIN participates in and collaborates with sustainability-related initiatives and external organizations to achieve a sustainable society through its business activities.
The Fashion Pact
The Fashion Pact, a global initiative to reduce the environmental impact of the fashion and textile industry, was launched in August 2019 by companies in the fashion and textile industry, mainly from Europe, with a commitment to achieving specific shared objectives in the three fields of climate change, biodiversity, and ocean protection.
GOLDWIN became a member of this pact in February 2024 and will actively participate in discussions and activities with the aim of systematically transforming the entire apparel industry.
Task Force on Climate-related Financial Disclosures (TCFD)
GOLDWIN Group considers the impact of climate change upon our business to be one of our key management issues. In June FY 2022, we declared our support for the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, reorganized our Group initiatives to address climate change, and disclosed information based on the framework.
Japan Sustainable Fashion Alliance (JSFA)
To reduce the negative environmental and social impacts of the fashion industry, the industry as a whole needs to strengthen cooperation and work toward a sustainable and circular society. Established in August 2021, Japan Sustainable Fashion Alliance (JSFA) discusses the various issues facing the fashion industry. GOLDWIN has participated in the JSFA since preparation of its establishment.
Together with other participating companies, we assess the impact of the fashion industry upon the environment and society, derive solutions to issues shared by the fashion and textile industries, and promote the transition to a sustainable fashion industry, with aims of zero fashion loss and carbon neutrality by 2050.