Multi-stakeholder policy

Our company recognizes the importance of value co-creation with a diverse range of stakeholders, including not only shareholders but also employees, business partners, customers, creditors, and the local community, in corporate management. We will work on appropriate collaboration with multiple stakeholders. In this context, we believe that the appropriate distribution of profits and results generated through value co-creation and productivity improvement to multiple stakeholders is crucial for maintaining the momentum of wage increases and contributing to sustainable economic development. Therefore, we will advance the following initiatives, taking into account the importance of returning value to employees and considering our business partners.

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1. Rewards for employees

Our company is committed to sustainable growth and productivity improvement in corporate management by focusing on the strategic allocation of management resources to growth areas, as well as the development of diverse employee capabilities and skill enhancement, with an emphasis on maximizing added value. In this context, we will implement appropriate wage increases based on our own and global circumstances, and as part of comprehensive treatment improvements, we will actively engage in initiatives centered around education and training to enhance employee engagement and further productivity, aiming for sustainable returns to our employees.
(Individual projects)
Specifically, in order to create an environment where each employee's abilities and individuality can be demonstrated and where they can boldly take on challenges at work, we will implement a clear evaluation system, raise appropriate wage levels based on market competitiveness, and ensure proper distribution according to roles and achievements. Furthermore, regarding education and training, we will promote human resource system reforms and environmental improvements to maximize the potential of the organization and its personnel by providing online and face-to-face learning opportunities for the growth and career development of each employee, investing in the growth of management levels, and implementing work style reforms.

2. Consideration for business partners
We will continue to work towards complying with the terms of our partnership declaration.
If the publication on the portal site for the partnership declaration is canceled, we will voluntarily withdraw the announcement of the multi-stakeholder policy.
• URL of the Partnership Building Declaration
【https://www.biz-partnership.jp/declaration/49681-10-00-tokyo.pdf】
In addition, regarding the business relationships with tax-exempt businesses, we will refer to the government's published views on the response of tax-exempt businesses and their trading partners to the invoice system, and we will work towards building appropriate relationships.

3. Initiatives concerning other stakeholders
Our company is guided by the value of "Be Driver of Change" and aims to quickly capture social changes to ensure the sustainability of the planet, people in society including employees, and culture. As a fashion leader, we are committed to providing new values that are not confined to existing fashion frameworks. To achieve this, we continuously engage in dialogue with stakeholders and incorporate feedback and requests from society into our business activities, working towards solving various social issues and creating new values.

We will steadily proceed with these initiatives while checking the progress being made on each item.

That's all.
 

December 23, 2017

Prada Japan Co., Ltd. Representative Director: Alessandra Marsicola
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