News Release[For Inquiries]
Yoshiharu Okamoto
Corporate Communication Group
Email kouhou@so.fujioil.co.jp

June 1st, 2021

The Fuji Oil Group announces Responsible Soybeans and Soy
Products Sourcing Policy
Osaka, June 1st: Fuji Oil Holdings Inc. (President and CEO: Mikio Sakai) announced
today its Responsible Soybeans and Soy Products Sourcing Policy. This policy willcontribute to Fuji Oil’s Sustainable Procurement ambitions.
Since 2020, we have joined RTRS, with the guidance of an external organization, wehave considered it many times in formulating the procurement policy.
https://responsiblesoy.org
Positioning of soybeans in our business and social issues
Soybeans are one of the most widely used food ingredients in the world and an
important raw material for our business. In recent years, soy-based alternatives to meatand dairy products, are increasingly significant foodstuffs to feed the ever-increasing
world population. On the other hand, we recognize that the production of soybeans canlead to the destruction of forests and ecosystems, and to human rights issues such as
the violation of the rights of indigenous peoples and communities in some areas.
Our procurement policy
In order to meet the growing expectations for soybean products and to solve social
issues at soybean production locations, we procure soybeans and soybean products
through people- and environment-friendly suppliers with clearly defined responsibilities.
This procurement policy applies to all suppliers of Group companies handling soybeans
and soybean products that the Group purchases, trades, processes and/or sells
worldwide.

Supply chain example image

Elevator

Food
manufacturers,etc.

(Primarycollectionpoint)

Farmertransportation

Communitytransportation

Japan/
receiveCommitmentsWe are committed to procuring soybeans and soybean products produced in accordancewith the following standards:
・Protection of biodiversity and zero deforestation
・Zero exploitation of indigenous peoples, local communities and workers
・Legal compliance
KPIs
The following goals will be implemented for whole soybeans, defatted soybeans, andisolated soybean proteins used by the Group.
Approximately 75% of the soybeans and soybean products currently purchased by theGroup are included in the scope of this policy. KPIs and alternative recipes for theremaining 25% (soy oil and lecithin) shall be considered at the end of FY 2022
The main origins of the target soybeans are North America and China.
By 2025

By 2030

soybeans andEnsuring traceability to theEnsuring traceability to thesoy protein

primary collection point or 100%

community level or 100%materials

procurement of RTRS certified

procurement of RTRS certified

products or other equivalent

products or other equivalentcertification

certification

We position RTRS as an important partner in sustainable soybean procurement, toprovide sustainable soybean procurement and support for farmers.

RTRS five principles:• Responsible Labor Conditions.
• Legal Compliance and Good Business Practices.
• Responsible Community Relations.
• Environmental Responsibility.
• Good Agricultural Practices.
Currently, we have achieved 100% IP handling in the Japanese market and will continue
to do so. In other markets, we aim to achieve 100% by 2025 through traceability to thefirst collection point or through RTRS or equivalent certification. In addition, from 2025
onward, we will proceed to trace down to the level of the farmer’s community.
Additionally, we shall collect detailed data on the remaining 25% of soybean oil andsoybean lecithin, we shall consider alternative recipes, and we will set KPIs by the end ofFY 2022.
Through these actions, we shall contribute to improving human rights and theenvironment by promoting sustainable soy procurement.