Communication on Progress

Communication on Progress

Participant
Published
  • 29-Sep-2021
Time period
  • October 2021  –  September 2022
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • 29 September 2021

    To our stakeholders:

    I am pleased to confirm that Fast Retailing Co., Ltd. reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

    In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

    Sincerely yours,

    Tadashi Yanai
    Chairman, President and CEO

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • ・Fast Retailing website on Human Rights:
    https://www.fastretailing.com/eng/about/frway/humanrights.html

    ・Fast Retailing Human Rights Policy:
    https://www.fastretailing.com/eng/about/frway/humanrights.html

    ・Fast Retailing Code of Conduct for Production Partners:
    https://www.fastretailing.com/eng/sustainability/labor/coc.html

    ・Human Rights Due Diligence:
    https://www.fastretailing.com/eng/about/frway/humanrights.html

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • ・Fast Retailing website on Human Rights:
    https://www.fastretailing.com/eng/about/frway/humanrights.html
    - Human Rights Committee
    - Human Rights Education
    - Hotlines and Remedial Measures
    - Respecting Human Rights of Our Employees
    - Respecting Human Rights in the Supply Chain
    - Respecting Women Rights

    ・Fast Retailing website on Monitoring and Evaluation of Production Partner Factories:
    https://www.fastretailing.com/eng/sustainability/labor/partner.html
    - Workplace Monitoring
    - Grievance Mechanisms

    ・Fast Retailing website on Stakeholder Engagement:
    https://www.fastretailing.com/eng/sustainability/labor/engagement.html

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • ・Fast Retailing website on Human Rights:
    https://www.fastretailing.com/eng/about/frway/humanrights.html

    ・Sustainability Governance:
    https://www.fastretailing.com/eng/sustainability/vision/organization.html

    ・Fast Retailing FY2020 Sustainability Data Book (p.5-9):
    https://www.fastretailing.com/jp/sustainability/report/pdf/databook2020.pdf

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • ・Fast Retailing Code of Conduct:
    https://www.fastretailing.com/eng/about/governance/coc.html
    https://www.fastretailing.com/jp/about/governance/pdf/CoC-guideline_eng.pdf

    ・Fast Retailing Code of Conduct for Production Partners:
    https://www.fastretailing.com/eng/sustainability/labor/coc.html

    ・Business Partner Operational Guidelines
    https://www.fastretailing.com/eng/about/governance/pdf/BusinessPartnerOperationalGuidelines_eng.pdf

    ・Human Rights Due Diligence:
    https://www.fastretailing.com/eng/about/frway/humanrights.html

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • ・Fast Retailing website on Human Rights:
    https://www.fastretailing.com/eng/about/frway/humanrights.html
    - Human Rights Committee
    - Human Rights Education
    - Hotlines and Remedial Measures
    - Respecting Human Rights of Our Employees
    - Respecting Human Rights in the Supply Chain
    - Respecting Women Rights

    ・Employee Engagement Policy:
    https://www.fastretailing.com/eng/sustainability/employee/policy.html

    ・Respect for Diversity:
    https://www.fastretailing.com/eng/sustainability/employee/diversity.html

    ・A Positive Work Environment:
    https://www.fastretailing.com/eng/sustainability/employee/workplace.html

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • ・Fast Retailing website on Human Rights:
    https://www.fastretailing.com/eng/about/frway/humanrights.html

    ・Employee Engagement Policy:
    https://www.fastretailing.com/eng/sustainability/employee/policy.html

    ・Respect for Diversity:
    https://www.fastretailing.com/eng/sustainability/employee/diversity.html

    ・A Positive Work Environment:
    https://www.fastretailing.com/eng/sustainability/employee/workplace.html

    ・Sustainability Governance:
    https://www.fastretailing.com/eng/sustainability/vision/organization.html

    ・Fast Retailing FY2020 Sustainability Data Book (p.5-9):
    https://www.fastretailing.com/jp/sustainability/report/pdf/databook2020.pdf

    ・Third-Party Verification(AA1000):
    https://www.fastretailing.com/eng/sustainability/report/pdf/VerificationReport_eng.pdf

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • ・Fast Retailing website on environmental management:
    https://www.fastretailing.com/eng/sustainability/environment/management.html

    ・Fast Retailing Group Environmental Policy:
    https://www.fastretailing.com/eng/sustainability/environment/pdf/FastRetailingEnvironmentalPolicy_eng.pdf

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • ・Response to Climate Change:
    https://www.fastretailing.com/eng/sustainability/environment/climatechange.html

    ・Improving Energy Efficiency:
    https://www.fastretailing.com/eng/sustainability/environment/energy.html

    ・Managing Water Resources:
    https://www.fastretailing.com/eng/sustainability/environment/water.html

    ・Improving Waste Management and Resource Efficiency
    https://www.fastretailing.com/eng/sustainability/environment/waste.html

    ・Chemicals Management
    https://www.fastretailing.com/eng/sustainability/environment/chemical.html

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • ・Sustainability Governance:
    https://www.fastretailing.com/eng/sustainability/vision/organization.html

    ・Fast Retailing FY2020 Sustainability Data Book (p.1-4):
    https://www.fastretailing.com/jp/sustainability/report/pdf/databook2020.pdf

    ・Third-Party Verification(AA1000):
    https://www.fastretailing.com/eng/sustainability/report/pdf/VerificationReport_eng.pdf

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • ・Fast Retailing Code of Conduct
    https://www.fastretailing.com/eng/about/governance/frcoc.html
    3.6.Compliance with corrupt practices-related acts
    3.7.Charitable and political donations to political organizations
    4.2.Prohibition of advantage, entertainment and personal benefits
    4.3.Request for compliance with laws to business partners

    https://www.fastretailing.com/eng/about/governance/compliance.html
    Preventing corrupt practices:
    ”The Fast Retailing Group supports the principles of the United Nations Global Compact, and, as such, strives to prevent all corrupt practices, including coercion and bribery.”
    "We also do not offer any illegal remuneration or reward to public or government-related officials for such things as facilitation payments (the payment of small sums to expediate and smooth the progress of administrative procedures such as customs clearance or the granting of visas)."

    ・Business Partner Operational Guidelines
    https://www.fastretailing.com/eng/about/governance/pdf/BusinessPartnerOperationalGuidelines_eng.pdf
    3. Anti-Corruption and Commercial Bribery

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • ・Compliance:
    https://www.fastretailing.com/eng/about/governance/compliance.html
    - Instilling a basic code of conduct across our business
    - Employee Hotline
    - Preventing corrupt practices

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • ・Internal Control:
    https://www.fastretailing.com/eng/about/governance/internalcontrol.html
    - Basic policy on internal control systems
    - Internal audits and operational systems to ensure healthy organizational management
    - Risk management systems
    - Systems for ensuring effective auditing by statutory auditors

    ・Compliance:
    https://www.fastretailing.com/eng/about/governance/compliance.html
    - Instilling a basic code of conduct across our business
    - Employee Hotline
    - Preventing corrupt practices