LRQA Independent Assurance Statement

Relating to Toyota Tsusho Corporation’s Environmental Data for theFiscal Year 2023
This Assurance Statement has been prepared for Toyota Tsusho Corporation in accordance with our contract.

Terms of Engagement
LRQA Limited (“LRQA”) was commissioned by Toyota Tsusho Corporation (“the Company” abbreviated) to provide
independent assurance on GHG emissions and environmental data for the fiscal year 2023 (1 January 2023 to 31
December 2023) as summarized in Tables 1, 2, 3, 4, 5, 6 in the Annex against the assurance criteria below to a “levelof assurance and materiality” using “ISAE 3000 (Revised) / ISO 14064–3:2019 for greenhouse gas (“GHG”) emissions”.
Our assurance engagement covered the Company’s operations and activities relating the Company and its
consolidated subsidiaries in Japan and overseas and specifically the following requirements:• Verifying conformance with the Company’s reporting methodologies for the selected datasets:• Evaluating the accuracy and reliability of data for only the selected indicators listed below:ooooo

GHG emissions 1- Scope 1 GHG emissions 2 (tonnes CO2e)- Scope 2 GHG emissions [Location-based and Market-based] (tonnes CO2e)- Scope 3 GHG emissions, associated with Categories 1~15 (tonnes CO2e)
Energy consumption (MWh)Water usage (m3)
Waste Emissions (tonnes)3
Biomass fuel consumption (tonnes, kL) and GHG emissions

Our assurance engagement excluded the data and information of the Company’s suppliers, contractors and any
third-parties.
LRQA’s responsibility is only to the Company. LRQA disclaims any liability or responsibility to others as explained inthe end footnote. The Company’s responsibility is for collecting, aggregating, analysing and presenting all the dataand information and for maintaining effective internal controls over the systems. Ultimately, the data has been
approved by, and remains the responsibility of the Company.

LRQA’s Opinion
Based on LRQA’s approach nothing has come to our attention that would cause us to believe that the Company has
not, in all material respects:• Met the requirements of the criteria listed above• Disclosed accurate and reliable performance data and information on GHG emissions and environmental data
as summarized in Tables 1, 2, 3, 4, 5, 6 in the Annex.
The opinion expressed is formed on the basis of a limited level of assurance4 and at the materiality of the professional
judgement of the verifier.
1

GHG quantification is subject to inherent uncertainty.
Scope 1 GHG emissions includes energy-oriented CO2 and GHG from non-energy sources. In the calculation of GHG from non-energy sources, theactivities covered are based on the 2006 IPCC Guideline and cover emissions exceeding 3,000 tCO2e per year for each gas.
3Waste emissions cover Toyota Tsusho Corporation and only its consolidated subsidiaries in Japan.
24The extent of evidence-gathering for a limited assurance engagement is less than for a reasonable assurance engagement. Limited assurance
engagements focus on aggregated data rather than physically checking source data at sites. Consequently, the level of assurance obtained in alimited assurance engagement is lower than the assurance that would have been obtained had a reasonable assurance engagement beenperformed.
Page 1 of 4

LRQA’s Approach
LRQA’s assurance engagements are carried out in accordance with ISAE 3000 (Revised) and ISO 14064-3:2019 for GHG
emissions. The following tasks were undertaken as part of the evidence gathering process for this assurance
engagement:• Auditing the Company’s data management systems to confirm that there were no significant errors, omissions
or misstatements in the data. We did this by reviewing the effectiveness of data handling procedures,instructions and systems, including those for internal verification.
• Interviewing with those key people responsible for compiling the data.
• Sampling datasets and traced activity data back to aggregated levels;• Verifying the historical environmental data and records for the fiscal year 2023; and• Visiting IOCHEM CORPORATION and TOYOTA STEEL CENTER CO.,LTD to confirm the data collection processes,
record management practices.

Observations

The process of collecting and aggregating reported values is expected to improve accuracy and comprehensivenessthrough development of manuals, enhancement of data checking and role-sharing measures.

LRQA’s Standards, Competence and Independence
LRQA implements and maintains a comprehensive management system that meets accreditation requirements for
ISO 14065 Greenhouse gases – Requirements for greenhouse gas validation and verification bodies for use inaccreditation or other forms of recognition and ISO/IEC 17021-1 Conformity assessment – Requirements for bodies
providing audit and certification of management systems – Part1: Requirements that are at least as demanding as therequirements of the International Standard on Quality Control 1 and comply with the Code of Ethics for Professional
Accountants issued by the International Ethics Standards Board for Accountants.
LRQA ensures the selection of appropriately qualified individuals based on their qualifications, training andexperience. The outcome of all verification and certification assessments is then internally reviewed by senior
management to ensure that the approach applied is rigorous and transparent.
LRQA is the Company’s certification body for ISO 14001. The verification and certification assessments are the only
work undertaken by LRQA for the Company and as such does not compromise our independence or impartiality.
SignedDated: 15 July 2024

Ichiro Ueno
LRQA Lead Verifier
On behalf of LRQA Limited
10th Floor, Queen's Tower A, 2-3-1 Minatomirai, Nishi-ku, Yokohama, JAPANLRQA reference: YKA4005591
LRQA, its affiliates and subsidiaries, and their respective officers, employees or agents are, individually and collectively, referred to in this clauseas 'LRQA'. LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on theinformation or advice in this document or howsoever provided, unless that person has signed a contract with the relevant LRQA entity for theprovision of this information or advice and in that case any responsibility or liability is exclusively on the terms and conditions set out in that
contract.
The English version of this Assurance Statement is the only valid version. LRQA assumes no responsibility for versions translated into otherlanguages.
This Assurance Statement is only valid when published with the report to which it refers. It may only be reproduced in its entirety.
Copyright © LRQA, 2024.

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Annex

Table 1. Summary of GHG Emissions Inventory for CY2023
Scope 1 GHG emissions

Scope

tCO2e
444,279

energy-oriented

356,387

non-energy sources

87,892

Scope 2 GHG emissions (Location-based)

305,503

Scope 2 GHG emissions (Market-based)

291,522
124,128,450

Scope 3 GHG emissions (Total)
Category 1

77,588,158

Category 2596,373Category 3

137,091

Category 4

3,460,372

Category 5

19,043Category 6

8,703

Category 7

29,323Category 80

Category 9

4,695,306

Category 10

142,640

Category 11

34,244,849

Category 12

18,060Category 13

22,553Category 14

5,772

Category 15

3,160,207※Scope 1 GHG emissions includes energy-oriented CO2 and GHG from non-energy sources. In the calculation of GHG
from non-energy sources, the activities covered are based on the 2006 IPCC Guideline and cover emissions exceeding
3,000 tCO2e per year for each gas.

Table 2. Energy Consumption
MWh3,502,422

Energy Consumption

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Table 3. Water usagem3
12,003,168

Water withdrawal:
Surface water from rivers, lakes, natural ponds

312,703

Harvested rainwater

41,397

Sea water, water extracted from the sea or theocean

1,369

Groundwater from wells, boreholes

1,474,265

Groundwater from boreholes (fossil water)

6,624,262

Used quarry water collected in the quarry0

Municipal water

3,549,172

Water discharge:

11,116,923

Rivers, lakes, natural ponds

1,629,879

Ocean

33,421

Subsurface / well

6,763,094

Off-site water treatment

2,690,529

Water consumption:

886,245

Table 4. Waste Emissions
ton
Waste Emissions

50,946※Waste emissions cover Toyota Tsusho Corporation and only its consolidated subsidiaries in Japan.

Table 5. Biomass fuel consumption
Biomass fuel consumption (ton)

228,723

Same above (kL)2,241

Table 6. GHG emissions derived from biomass fuelGHG emissions derived from biomass fuelPage 4 of 4

t-CO2e269,562