DBJ Asset Management Policy on Sustainability [Provisional translation]
1. Purpose
DBJ Asset Management Co. Ltd. (“DBJAM”), in accordance with its corporate
philosophy and the highest business criterion which has been stipulated as“Basic Policy on Fiduciary Duties”, formulates and discloses the “Policy onSustainability” (“Sustainability Policy”) in order to fulfill its stewardship
responsibilities.

(Related information)
DBJAM “Basic Policy on Fiduciary Duties”[Provisional translation]

https://www.dbj-am.jp/en/pdf/basic_policy.pdf

2. Policies(1) ESG Integration
DBJAM, from the perspective of risk-return optimization to maximize
profits for investors over the long term, shall integrate environmental,social, and governance (“ESG”) elements into investment processes such as
investment decisions and monitoring, and shall establish an appropriate
internal system which underlies such processes. DBJAM shall also activelyengage with investees and related stakeholders in light of maximizing thelong-lasting value of the investment.

DBJAM shall establish the internal committee, which shall be chaired by
the CEO, constituted by all executive officers, and in charge of implementing the PDCA cycle on ESG integration throughout the company. Thecommittee shall be supervised by the Board of Directors.

DBJAM shall continue its endeavors to improve its service level while
accurately and continuously comprehending market conditions andindustry trends, and contribute to the development of the financial market
and industry by actively participating in and supporting various initiatives.

1(2) Corporate Responsibility as a Social BeingIn accordance with expectations from various stakeholders of the DBJ
Group, DBJAM shall fulfill corporate social responsibilities for therealization of a sustainable society.

From the perspective of considering establishment of a sustainable andsound environment and society, DBJAM shall not undertake contracts foror invest in the following types of businesses.
① Businesses that infringe public order or morals② Businesses that have relations with anti-social forces③ Businesses that disregard common norms④ Businesses that violate or may violate laws and regulations
Ex.) Businesses that infringe on the Convention on International
Trade in Endangered Species of Wild Fauna and Flora(Washington Convention), businesses that engage in childlabor or forced labor, businesses that have a negative impact
on World Heritage Sites designated by UNESCO, businesses
that have a negative impact on wetlands designated under theRamsar Convention⑤ Businesses related to inhumane weaponsEx.) Businesses related to the manufacture of inhumane weapons
such as cluster bombs, nuclear weapons, biological or chemical
weapons, and anti-personnel mines

DBJAM shall work to consistently implement its own endeavors toward therealization of a sustainable society, including consideration for theenvironment.

2(3)Human Capital Development
With the recognition that human resources constitute the most important
foundation for fulfilling its responsibilities properly and sustainably,
DBJAM shall conduct OJT and other trainings appropriately in accordancewith distinct roles and develop the abilities of employees worthy of being
investment management professionals.

DBJAM shall maintain and enhance its employees’ well-being, while
actively promoting a work environment where employees can fully leverage
their abilities and expertise in the performance of their roles.

(4)

Human Rights


DBJAM considers that respect for human rights is a fundamental basis of
all business activities and one of the most important issues, and promotes
initiatives to respect human rights based on the “DBJ Group Human RightsPolicy”.
(Related information)“DBJ Group Human Rights Policy”[Provisional translation]

https://www.dbj.jp/en/sustainability/management/humanrights.html

３．Disclosure


DBJAM shall disclose not only the Sustainability Policy itself, but also thestatus of its endeavors each fiscal year appropriately. The Sustainability
Policy shall be revised as needed in order to keep its adequacy as a code ofmanagement, aiming at the optimization of business operations.

DBJAM shall report appropriately to investors, as relevant, regarding thestatus of specific endeavors on the management of entrusted assets.

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