Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Welcome to your CDP Climate Change
Questionnaire 2023

C0. Introduction
C0.1(C0. 1) Give a general description and introduction to your organization.
Established in 1999, Sun Frontier Fudousan Co., Ltd. provides specialized services for therevitalization and utilization of real estate, focusing on office and retail buildings in Tokyo, one of theworld's largest cities.
Since our founding, we have expanded and diversified our businesses by sincerely pursuing thesatisfaction of clients and by thoroughly responding to their demands. As of March 31, 2023, theCompany had 13 subsidiaries in Japan and 10 subsidiaries outside Japan, operating rent guarantee,
building maintenance, hotel operation, and rental conference room businesses. Our Hotel andTourism Business operates in 21 locations in Japan.

C0.2(C0. 2) State the start and end date of the year for which you are reporting data andindicate whether you will be providing emissions data for past reporting years.
Reporting year
Start date
April 1, 2022

End date
March 31, 2023

Indicate if you are providing emissions data for past reporting years
Yes

Select the number of past reporting years you will be providing Scope 1
emissions data for
2 years

Select the number of past reporting years you will be providing Scope 2
emissions data for
2 years1

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Select the number of past reporting years you will be providing Scope 3
emissions data for
2 years

C0.3(C0. 3) Select the countries/areas in which you operate.
Indonesia
Japan
Taiwan, China
United States
Vietnam

C0.4(C0. 4) Select the currency used for all financial information disclosed throughout
your response.
Japanese Yen (JPY)

C0.5(C0. 5) Select the option that describes the reporting boundary for which climaterelated impacts on your business are being reported. Note that this option shouldalign with your chosen approach for consolidating your GHG inventory.
Financial control

C0.8(C0. 8) Does your organization have an ISIN code or another unique identifier (e.g.,
Ticker, CUSIP, etc.)?
Indicate whether you are able to provide a unique identifier foryour organization

Provide your unique
identifier

Yes, an ISIN code

JP3336950005

C1. GovernanceC1.1(C1.1) Is there board-level oversight of climate-related issues within yourorganization?
Yes

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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C1.1a(C1.1a) Identify the position(s) (do not include any names) of the individual(s) on theboard with responsibility for climate-related issues.
Position ofindividual orcommittee

Responsibilities for climate-related issues

Board Chair

The Board of Directors is chaired by the President Representative Director,
who also chairs the Sustainability Committee.
The Sustainability Committee is held regularly four times a year and also as
needed.
For the fiscal year ended March 31, 2023, “specific measures addressing
important sustainability issues and KPIs” were established and announced on
October 3, 2022 by resolution of the Board of Directors.

C1.1b(C1.1b) Provide further details on the board’s oversight of climate-related issues.
Frequency with which
Governance mechanisms Please explain
climate-related issues
into which climate-related
are a scheduled agenda issues are integrated
item
Scheduled - all meetings

Monitoring progress against In June of each year, the Sustainability
corporate goals
Committee reports to the Board of Directors
on matters to be considered and the statusof implementation.

C1.1d(C1.1d) Does your organization have at least one board member with competence on
climate-related issues?
Board member(s) Criteria used to assess competence of board member(s) on climatehave competence related issues
on climate-related
issue
Row Yes1

Director's expertise and experience is published here:
https://www.sunfrt.co.jp/en/pdf/20230608.pdf#page=14
Four directors are well versed in overall sustainability issues including
climate-related issues. The Company comprehensively evaluates eachdirector’s expertise based on his or her experience.

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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C1.2(C1.2) Provide the highest management-level position(s) or committee(s) withresponsibility for climate-related issues.

Name of the position(s) and/or committee(s)President

Climate-related responsibilities of this position
Developing climate transition plans
Implementing climate transition plans
Undertaking climate-related scenario analysis
Establishing climate-related corporate targets
Monitoring progress against climate-related corporate targets
Assessing climate-related risks and opportunities
Managing climate-related risks and opportunities

Coverage of responsibility

Reporting line
Report directly to the Board of Directors

Frequency of reporting to the board on climate-related issues via thisreporting line
Annually

Please explain
The Sustainability Committee was established as an advisory body to the President
Representative Director. Chaired by the President Representative Director and vicechaired by the Head of the Sustainability Promotion Office, the Committee consists ofsustainability officers from each division and Outside Officers as advisors. The
committee meets regularly four times a year to discuss and monitor climate-related
issues. The status of Sustainability Committee activities is reported to the Board of
Directors once a year.

C1.3(C1.3) Do you provide incentives for the management of climate-related issues,
including the attainment of targets?
Provide incentives for the management of climate-related issues
Row 1

Comment

No, and we do not plan to introduce them in the next two years

4Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C2. Risks and opportunities
C2.1(C2.1) Does your organization have a process for identifying, assessing, andresponding to climate-related risks and opportunities?
Yes

C2.1a
(C2.1a) How does your organization define short-, medium- and long-term time
horizons?
From(years)To(years)Shortterm

01Mediumterm

15Long-term 530Comment

We have incorporated an ESG-perspective as one of the points offocus for medium-term management plan, which is scheduled toconclude in the fiscal year ending March 2025.

C2.1b
(C2.1b) How does your organization define substantive financial or strategic impact
on your business?
The financial impact is defined in three levels: large, medium, and small.
Small constitutes “less than 10% of net sales”, medium “10% - 19% of net sales” and large “19% ormore of net sales.”C2.2(C2.2) Describe your process(es) for identifying, assessing and responding to climaterelated risks and opportunities.

Value chain stage(s) covered
Direct operations

Risk management process
A specific climate-related risk management process

Frequency of assessment
Annually

Time horizon(s) covered5

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Short-term
Medium-termLong-term

Description of process
Based on the TCFD recommendations, we conduct scenario analyses to identify climatechange-related risks and opportunities in Real Estate Revitalization Business(Replanning) and Real Estate Service Business, which account for approximately 70%
of our sales.

C2.2a(C2.2a) Which risk types are considered in your organization's climate-related risk
assessments?
Relevance & Please explain
inclusion
Current
regulation

Not relevant, Although our business is not subject to any direct regulations at
includedpresent, we will continue to closely monitor and evaluate related
regulations.

Emerging
regulation

Relevant,
alwaysincluded

Based on the Paris Agreement, various regulations and government
requests are expected to be made toward the Japanese government’s
goals of 46% reduction of greenhouse gases by 2030 and carbon
neutrality by 2050. Our particular concern is the additional cost
pertaining to the introduction of carbon tax, but the Group plans toassess the related financial impact in the future.

Technology

Relevant,
alwaysincluded

There is a risk of a decline in earnings due to delays in adapting totechnological innovations, such as construction methods at Real Estate
Revitalization Business sites. For this risk, we have formed acooperative association uniting one’s ambitions to share the latest
technologies. In real estate revitalization construction, we place
importance on energy efficiency and promote the adoption of the latest
technology while introducing LED lighting, high-efficiency air
conditioning equipment, total heat exchangers, etc.

Legal

Relevant,
alwaysincludedOn the TSE Prime Market, on which the Company is listed, it isrequired to strengthen information disclosure based on the TCFD
recommendations, etc. We manage climate-related legal risks throughproactive disclosure of accurate information on the Group's initiatives
for climate change.

MarketRelevant,
alwaysincluded

There is a risk that if clients’ awareness of environmental
considerations increases, and the environmental response of theGroup's properties and services is delayed, competitiveness will
decline, and the occupancy rate of buildings with low environmental
performance will decline. Although the period of the Company's Real
Estate Revitalization Business is one year in principle, the Company

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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

has implemented various measures that take the environment into
consideration even during the short period of the business and provides
properties with high market value that can obtain environmental
certification such as BELS.
Reputation

Relevant,
alwaysincluded

As investors demand the disclosure of ESG-related information, there
is a risk that our reputation with stakeholders will deteriorate if our
response is insufficient. The Group will actively promote information
disclosure through its corporate website, sustainability website,sustainability report, and other media.

AcutephysicalRelevant,
alwaysincludedAbnormal weather caused by climate change may damage our offices,
properties under our management, hotels, etc., resulting in a loss ofsales and an increase in restoration costs due to the interruption ofbusiness activities. We plan to evaluate the financial impact in the
future.

Chronic
physicalRelevant,
alwaysincludedA rise in the average temperature could lead to a decline in the work
efficiency of employees engaged in outdoor work, damage to theirhealth, and an increase in costs and energy costs due to the increaseof air conditioning equipment. In addition to managing these risks, weplan to formulate a concrete transition plan.

C2.3(C2.3) Have you identified any inherent climate-related risks with the potential to havea substantive financial or strategic impact on your business?
No

C2.3b
(C2.3b) Why do you not consider your organization to be exposed to climate-relatedrisks with the potential to have a substantive financial or strategic impact on yourbusiness?
Primary reason

Please explain

Row Risks exist, but none with potential to
The risks that climate-related risks pose to our
1have a substantive financial or strategic business are assessed in accordance with theimpact on business
TCFD recommendations.

C2.4(C2.4) Have you identified any climate-related opportunities with the potential to havea substantive financial or strategic impact on your business?
Yes

7Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C2.4a(C2.4a) Provide details of opportunities identified with the potential to have asubstantive financial or strategic impact on your business.

Identifier
Opp1

Where in the value chain does the opportunity occur?
Direct operations

Opportunity type
Products and services

Primary climate-related opportunity driver
Development and/or expansion of low emission goods and services

Primary potential financial impact
Increased revenues resulting from increased demand for products and services

Company-specific description
Improving the selling price for the wealthy and building owners by improving theenvironmental performance of properties in Replanning.

Time horizon
Short-term

Likelihood
About 50% probability

Magnitude of impact
MediumAre you able to provide a potential financial impact figure?
No, we do not have this figure

Potential financial impact figure (currency)
Potential financial impact figure – minimum (currency)
Potential financial impact figure – maximum (currency)

Explanation of financial impact figure

Cost to realize opportunity
8Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Strategy to realize opportunity and explanation of cost calculation

Comment

C3. Business strategy
C3.1(C3.1) Does your organization’s strategy include a climate transition plan that aligns
with a 1.5°C world?
Row 1
Transition planNo, but our strategy has been influenced by climate-related risks and opportunities, andwe are developing a transition plan within two years

Explain why your organization does not have a transition plan that aligns witha 1.5°C world and any plans to develop one in the future
The Company is working to further expand information disclosure based on the four
information disclosure pillars required by the TCFD recommendations. We aim toformulate a transition plan within the next two years.

C3.2(C3.2) Does your organization use climate-related scenario analysis to inform its
strategy?
Use of climate-related scenario analysis to inform strategy
Row 1

Yes, qualitative

C3.2a(C3.2a) Provide details of your organization’s use of climate-related scenario analysis
Climaterelated
scenario

Scenario
analysiscoverage
Business
activity

Temperaturealignment of
scenarioParameters, assumptions, analytical choices

Parameters such as the introduction of a carbon tax,
revision of the Construction Material Recycling Law,
and reduction targets for energy consumption inbuildings were assumed and analyzed for Real Estate
Revitalization Business and Real Estate Service
Business.

9Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C3.2b(C3.2b) Provide details of the focal questions your organization seeks to address byusing climate-related scenario analysis, and summarize the results with respect tothese questions.
Row 1
Focal questions
Temperature rise

Results of the climate-related scenario analysis with respect to the focal
questions
According to the 1.5°C world scenario, the introduction of GHG emission regulations
and carbon taxes on buildings by the Japanese government will increase theenvironmental needs of leasing and sales targets, while increasing the cost burden of
raw materials and energy.
In the 4°C world scenario, the impact of an increase in natural disasters andtemperature rises due to abnormal weather will become apparent, and there is a riskthat real estate owned and managed, facilities, and systems will be damaged, as well as
a risk of rising material procurement costs. On the other hand, it is analyzed thatdemand for real estate with enhanced BCP compliance and durability will increase.

C3.3(C3.3) Describe where and how climate-related risks and opportunities haveinfluenced your strategy.
Have climate-related risks and opportunities
affected your strategy in this area?

Description of
influence

Products and services No
Supply chain and/or
value chain

No

Investment in R&D

No

Operations

No

C3.4
(C3.4) Describe where and how climate-related risks and opportunities haveinfluenced your financial planning.

Row
1

Financial planning elements that havebeen influenced

Description of influence

None of the above

The impact on the financial plan will be
evaluated in the future.

10Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C3.5(C3.5) In your organization’s financial accounting, do you identify spending/revenue
that is aligned with your organization’s climate transition?
Identify spending/revenue that is aligned with your organization’s climate transitionRow 1 No, but we plan to in the next two years

C4. Targets and performance
C4.1(C4.1) Did you have an emissions target that was active in the reporting year?
No target

C4.1c(C4.1c) Explain why you did not have an emissions target, and forecast how youremissions will change over the next five years.
PrimaryreasonRow We are
1planning to
introduce atarget in thenext twoyears

Five-year forecast

Please explain

Since its founding, the Company has Through Real Estate Revitalization
been developing businesses centered Business operations, The Company
on the revitalization and utilization ofhas been developing businesses that
real estate, with the aim of reducing
have a reduced environmental impact,
wasteful use of non-renewablehowever the calculation of emissions
resources and contributing to thebegan in the fiscal year ended Marchlasting prosperity of mankind, flora and 2021. We are considering setting afauna on the planet as its Corporate
specific emissions target for the fiscal
Philosophy.
year ending March 2025.
According to estimates from model
properties, Real Estate Revitalization
Business has achieved a reduction ofenvironmental impact by reducing
resource consumption by 40.9%,
waste generation by 49.3%, and lifecycle CO2 by 19.1% compared withreconstruction.
As a result, Real Estate Revitalization
Business, which is one of our corebusinesses, has achieved a significant
reduction in emissions compared withreconstruction, and we will continue to11Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

promote the reduction of emissions
through our businesses.

C4.2(C4.2) Did you have any other climate-related targets that were active in the reportingyear?
No other climate-related targets

C4.3(C4.3) Did you have emissions reduction initiatives that were active within thereporting year? Note that this can include those in the planning and/or
implementation phases.
Yes

C4.3a
(C4.3a) Identify the total number of initiatives at each stage of development, and for
those in the implementation stages, the estimated CO2e savings.
Number of
initiatives

Total estimated annual CO2e savings in metric tons
CO2e (only for rows marked *)1364

Under investigation
To be implemented*
Implementationcommenced*
Implemented*
Not to be implement

C4.3b(C4.3b) Provide details on the initiatives implemented in the reporting year in the tablebelow.

Initiative category & initiative typeNon-energy industrial process emissions reductions
Other, please specify
CO2 emissions from Real Estate Revitalization Business construction work areconverted into carbon-neutral J-credits derived from biomass.

Estimated annual CO2e savings (metric tons CO2e)364

12Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Scope(s) or Scope 3 category(ies) where emissions savings occur
Scope 3 category 1: Purchased goods and services
Scope 3 category 5: Waste generated in operations

Voluntary/Mandatory
Voluntary

Annual monetary savings (unit currency – as specified in C0.4)
0Investment required (unit currency – as specified in C0.4)
618,800

Payback period<1 year

Estimated lifetime of the initiative<1 yearComment

C4.3c(C4.3c) What methods do you use to drive investment in emissions reduction
activities?
MethodComment

Employeeengagement

Members of the Sustainability Committee, who are selected from each division,take the lead in discussing and examining issues, and the results are promoted ineach division.

C4.5(C4.5) Do you classify any of your existing goods and/or services as low-carbon
products?
No

C5. Emission methodology
C5.1(C5.1) Is this your first year of reporting emissions data to CDP?
No

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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C5.1a(C5.1a) Has your organization undergone any structural changes in the reporting year,
or are any previous structural changes being accounted for in this disclosure ofemissions data?
Row 1
Has there been a structural change?
No

C5.1b
(C5.1b) Has your emissions accounting methodology, boundary, and/or reporting year definitionchanged in the reporting year?
Change(s) in methodology,
boundary, and/or reporting
year definition?
Row Yes, a change in boundary1

Details of methodology, boundary, and/or reporting year
definition change(s)*The scope of evaluation for Scope 1 and Scope 2 was
expanded from the Sun Frontier Fudousan Co., Ltd. to theconsolidated Sun Frontier Group from the fiscal year ended
March 31, 2023.

C5.1c(C5.1c) Have your organization’s base year emissions and past years’ emissions beenrecalculated as result of any changes or errors reported in C5.1a and/or C5.1b?
Base year
Scope(s)recalculation recalculated
Row Yes1

Base year emissions recalculation policy, Past years’
including significance thresholdrecalculation

Scope 1The scope of evaluation for Scope 1 andScope 2 was expanded from the Sun
Scope 2
(location-based) Frontier Fudousan Co., Ltd. to the
Scope 2 (market- consolidated Sun Frontier Group from thefiscal year ended March 31, 2023.
based)

Yes

C5.2(C5.2) Provide your base year and base year emissions.
Scope 1
Base year start
April 1, 2022

Base year end
March 31, 2023

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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Base year emissions (metric tons CO2e)3,237.9

Comment
Response is based on the entire Sun Frontier Group.

Scope 2 (location-based)
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)6,635.4

Comment
Response is based on the entire Sun Frontier Group.

Scope 2 (market-based)
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)
7,633.7

Comment
Response is based on the entire Sun Frontier Group.

Scope 3 category 1: Purchased goods and services
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)
56,091

Comments
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 2: Capital goods
Base year start
April 1, 2022
15

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)
21,890Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 3: Fuel-and-energy-related activities (not included in Scope 1 or
2)
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)30

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 4: Upstream transportation and distribution
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)0

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 5: Waste generated in operations
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)55

Comment
Calculations are based on Real Estate Revitalization Business.

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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Scope 3 category 6: Business travel
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)6

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 7: Employee commuting
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)
11

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 8: Upstream leased assets
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)0

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 9: Downstream transportation and distribution
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)017Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 10: Processing of sold products
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)0

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 11: Use of sold products
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)74,129Comments
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 12: End of life treatment of sold products
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)21

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 13: Downstream leased assets
Base year start
April 1, 2022

Base year end
March 31, 2023
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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Base year emissions (metric tons CO2e)875

Comments
Calculations are based on Real Estate Revitalization Business.

Scope 3 category 14: Franchises
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)0

Comments
Calculations are based on Real Estate Revitalization Business.

Scope 3 Category 15: Investments
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)0

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3: Other (upstream)
Base year start
April 1, 2022

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)0

Comment
Calculations are based on Real Estate Revitalization Business.

Scope 3: Other (downstream)
Base year start
April 1, 2022
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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Base year end
March 31, 2023

Base year emissions (metric tons CO2e)0

Comment
Calculations are based on Real Estate Revitalization Business.

C5.3(C5.3) Select the name of the standard, protocol, or methodology you have used tocollect activity data and calculate emissions.
The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised
Edition)

C6. Emissions data
C6.1
(C6.1) What were your organization’s gross global Scope 1 emissions in metric tons
CO2e?
Reporting year
Gross global Scope 1 emissions (metric tons CO2e)3,237.9

Start date
April 1, 2022

End date
March 31, 2023

Comment
Response is based on the entire Sun Frontier Group.

Past year 1
Gross global Scope 1 emissions (metric tons CO2e)
4,088.5

Start date
April 1, 2021

End date
March 31, 2022

Comment
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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Response is based on the entire Sun Frontier Group.

Past year 2
Gross global Scope 1 emissions (metric tons CO2e)
1,758.4

Start date
April 1, 2020

End date
March 31, 2021

Comment
Response is based on the entire Sun Frontier Group.

C6.2(C6.2) Describe your organization's approach to reporting Scope 2 emissions.
Row 1
Scope 2, location-based
We are reporting a Scope 2, location-based figure

Scope 2, market-based
We are reporting a Scope 2, market-based figure

Comments
Response is based on the entire Sun Frontier Group.

C6.3(C6.3) What were your organization’s gross global Scope 2 emissions in metric tons
CO2e?
Reporting year
Scope 2, location-based
6,635.4

Scope 2, market-based (if applicable)
7,633.7

Start date
April 1, 2022

End date
March 31, 2023

Comment
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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Response is based on the entire Sun Frontier Group.

Past year 1
Scope 2, location-based
6,240.2

Scope 2, market-based (if applicable)
6,692.5

Start date
April 1, 2021

End date
March 31, 2022

Comment
Response is based on the entire Sun Frontier Group.

Past year 2
Scope 2, location-based
3,627.5

Scope 2, market-based (if applicable)
3,858

Start date
April 1, 2020

End date
March 31, 2021

Comment
Response is based on the entire Sun Frontier Group.

C6.4(C6.4) Are there any sources (e.g. facilities, specific GHGs, activities, geographies,etc.) of Scope 1 and Scope 2 emissions that are within your selected reporting
boundary which are not included in your disclosure?
No

C6.5(C6.5) Account for your organization’s gross global Scope 3 emissions, disclosing
and explaining any exclusions.
Purchased goods and services

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Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)
56,091

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Capital goods
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)
21,890Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Fuel-and-energy-related activities (not included in Scope 1 or 2)
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)30

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.
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Upstream transportation and distribution
Evaluation status
Not relevant, calculated

Emissions in reporting year (metric tons CO2e)0

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Waste generated in operations
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)55

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Business travel
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)6

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
024Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Please explain
Calculations are based on Real Estate Revitalization Business.

Employee commuting
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)
11

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Upstream leased assets
Evaluation status
Not relevant, calculated

Emissions in reporting year (metric tons CO2e)0

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Downstream transportation and distribution
Evaluation status
Not relevant, calculated

Emissions in reporting year (metric tons CO2e)0

Emissions calculation methodology
Spend-based method25

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Processing of sold products
Evaluation status
Not relevant, calculated

Emissions in reporting year (metric tons CO2e)0

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Use of sold products
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)74,129Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

End of life treatment of sold products
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)21

26Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Downstream leased assets
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)875

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Franchises
Evaluation status
Not relevant, calculated

Emissions in reporting year (metric tons CO2e)0

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Investments
Evaluation status
Not relevant, calculated27

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Emissions in reporting year (metric tons CO2e)0

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Other (upstream)
Evaluation status
Not relevant, calculated

Emissions in reporting year (metric tons CO2e)0

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

Other (downstream)
Evaluation status
Not relevant, calculated

Emissions in reporting year (metric tons CO2e)0

Emissions calculation methodology
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Calculations are based on Real Estate Revitalization Business.

28

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C6.5a(C6.5a) Disclose or restate your Scope 3 emissions data for previous years.
Past year 1
Start date
April 1, 2021

End date
March 31, 2022

Scope 3: Purchased goods and services (metric tons CO2e)50,302

Scope 3: Capital goods (metric tons CO2e)30,910

Scope 3: Fuel and energy-related activities (not included in Scopes 1 or 2)(metric tons CO2e)30

Scope 3: Upstream transportation and distribution (metric tons CO2e)0

Scope 3: Waste generated in operations (metric tons CO2e)24

Scope 3: Business travel (metric tons CO2e)7

Scope 3: Employee commuting (metric tons CO2e)
12

Scope 3: Upstream leased assets (metric tons CO2e)0

Scope 3: Downstream transportation and distribution (metric tons CO2e)0

Scope 3: Processing of sold products (metric tons CO2e)0

Scope 3: Use of sold products (metric tons CO2e)
113,253

Scope 3: End of life treatment of sold products (metric tons CO2e)28

Scope 3: Downstream leased assets (metric tons CO2e)514
29

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Scope 3: Franchises (metric tons CO2e)0

Scope 3: Investments (metric tons CO2e)0

Scope 3: Other (upstream) (metric tons CO2e)0

Scope 3: Other (downstream) (metric tons CO2e)0

Comment
Calculations are based on Real Estate Revitalization Business.

Past year 2
Start date
April 1, 2020

End date
March 31, 2021

Scope 3: Purchased goods and services (metric tons CO2e)70,396

Scope 3: Capital goods (metric tons CO2e)
550

Scope 3: Fuel and energy-related activities (not included in Scopes 1 or 2)(metric tons CO2e)
31

Scope 3: Upstream transportation and distribution (metric tons CO2e)0

Scope 3: Waste generated in operations (metric tons CO2e)29

Scope 3: Business travel (metric tons CO2e)7

Scope 3: Employee commuting (metric tons CO2e)
12

Scope 3: Upstream leased assets (metric tons CO2e)0

Scope 3: Downstream transportation and distribution (metric tons CO2e)030Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Scope 3: Processing of sold products (metric tons CO2e)0

Scope 3: Use of sold products (metric tons CO2e)
43,080

Scope 3: End of life treatment of sold products (metric tons CO2e)18

Scope 3: Downstream leased assets (metric tons CO2e)479

Scope 3: Franchises (metric tons CO2e)0

Scope 3: Investments (metric tons CO2e)0

Scope 3: Other (upstream) (metric tons CO2e)0

Scope 3: Other (downstream) (metric tons CO2e)0

Comment
Calculations are based on Real Estate Revitalization Business.

C6.7(C6.7) Are carbon dioxide emissions from biogenic carbon relevant to yourorganization?
No

C6.10
(C6.10) Describe your gross global combined Scope 1 and 2 emissions for thereporting year in metric tons CO2e per unit currency total revenue and provide any
additional intensity metrics that are appropriate to your business operations.

Intensity figure
0.000000131

Metric numerator (Gross global combined Scope 1 and 2 emissions, metrictons CO2e)
10,871.6

Metric denominator
Unit total revenue
31Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Metric denominator: Unit total
82,777,000,000

Scope 2 figure used
Market-based% change from previous year
13.2

Direction of change
Decreased

Reason for change
Change in sales
Other, please specify

Please explain
In Hotel Operation Business, which has been significantly affected by the pandemic of
COVID-19, energy consumption increased due to the improvement of occupancy rates
at hotels. This was due to continued increase in demand associated with the relaxationof restrictions on social and economic activities, the “Nationwide Travel Subsidy
Program” campaign to promote domestic tourism and the lifting of the ban on personal
travel from abroad. As a result, the total amount of emissions increased by 0.8% year on
year. However, the increase in net sales due to the progress of sales in Hotel
Development Business and energy conservation efforts, etc. resulted in a 13.2% yearon-year decrease in unit energy consumption.

C7. Emissions breakdowns
C7.1(C7.1) Does your organization break down its Scope 1 emissions by greenhouse gas
type?
Yes

C7.1a
(C7.1a) Break down your total gross global Scope 1 emissions by greenhouse gas
type and provide the source of each used greenhouse warming potential (GWP).
Greenhousegas

Scope 1 emissions (metric tons
CO2e)

GWP Reference

CO2

3,237.9

IPCC Fourth Assessment Report (AR4 - 100
year)

32

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C7.2(C7.2) Break down your total gross global Scope 1 emissions by country/area/region.
Country/Area/Region

Scope 1 emissions (metric tons CO2e)Japan

3,237.9

C7.3(C7.3) Indicate which gross global Scope 1 emissions breakdowns you are able toprovide.
By Business division

C7.3a(C7.3a) Break down your total gross global Scope 1 emissions by business division.
Business division

Scope 1 emissions (metric tons CO2e)

Sun Frontier Fudousan Co., Ltd.

0SF Building Support Inc.

0

SF Building Maintenance Inc.

76

Sun Frontier Space Management Inc.

0Sun Frontier Hotel Management Inc.

1,842.4

Sky Heart Hotel Inc.

246.4

Sun Frontier Sado Co., Ltd.

1,008.9

SF Engineering Inc.

2.9

SF Communication Inc.

0SUN FRONTIER FUDOUSAN TAIWAN CO., LTD.

0SUN FRONTIER VIETNAM CO., LTD

0

PT. SUN FRONTIER INDONESIA

0

Shared (gasoline for company cars)

61.4

C7.5
(C7.5) Break down your total gross global Scope 2 emissions by country/area/region.
Country/Area/Region Scope 2, location-based (metrictons CO2e)

Scope 2, market-based (metrictons CO2e)Japan

6,625.9

7,624.2

Taiwan, China

2.9

2.9

Vietnam

6.6

6.6

33

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C7.6(C7.6) Indicate which gross global Scope 2 emissions breakdowns you are able toprovide.
By Business division

C7.6a(C7.6a) Break down your total gross global Scope 2 emissions by business division.
Business division

Scope 2, location-based(metric tons CO2e)

Scope 2, market-based(metric tons CO2e)

Sun Frontier Fudousan Co., Ltd.

193.2

195.1

SF Building Support Inc.

17.9

17.9

SF Building Maintenance Inc.

22.7

23.3

Sun Frontier Space Management
Inc.

747.5

748.2

Sun Frontier Hotel ManagementInc.

3,837.7

4,643

Sky Heart Hotel Inc.

809.6

878.3

Sun Frontier Sado Co., Ltd.

970.3

1,091.3

SF Engineering Inc.

15.2

15.2

SF Communication Inc.

11.9

11.9

SUN FRONTIER FUDOUSANTAIWAN CO., LTD.

2.9

2.9

SUN FRONTIER VIETNAM CO.,
LTD

6.6

6.6

C7.7
(C7.7) Is your organization able to break down your emissions data for any of thesubsidiaries included in your CDP response?
Yes

C7.7a
(C7.7a) Break down your gross Scope 1 and Scope 2 emissions by subsidiary.
Subsidiary name34

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

SF Building Support Inc.

Primary activity
Real Estate Service BusinessSelect a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2 emissions, location-based (metric tons CO2e)
17.9

Scope 2, emissions, market-based (metric tons CO2e)
17.9

Comment

Subsidiary name
SF Building Maintenance Inc.

Primary activity
Real Estate Service BusinessSelect a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

35

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)76

Scope 2 emissions, location-based (metric tons CO2e)
22.7

Scope 2, emissions, market-based (metric tons CO2e)
23.3

Comment

Subsidiary name
Sun Frontier Space Management Inc.

Primary activity
Real Estate Service BusinessSelect a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

CUSIP number

36Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2 emissions, location-based (metric tons CO2e)
747.5

Scope 2, emissions, market-based (metric tons CO2e)748.2

Comment

Subsidiary name
Sun Frontier Hotel Management Inc.

Primary activity
Hotels and Accommodations

Select a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

37

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Other unique identifier

Scope 1 emissions (metric tons CO2e)
1,842.4

Scope 2 emissions, location-based (metric tons CO2e)
3,837.7

Scope 2, emissions, market-based (metric tons CO2e)4,643

Comment

Subsidiary nameSky Heart Hotel Inc.

Primary activity
Hotels and Accommodations

Select a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)
246.4

Scope 2 emissions, location-based (metric tons CO2e)
809.6
38

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Scope 2, emissions, market-based (metric tons CO2e)878.3

Comment

Subsidiary name
Sun Frontier Sado Co., Ltd.

Primary activity
Hotels and Accommodations

Select a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)
1,008.9

Scope 2 emissions, location-based (metric tons CO2e)970.3

Scope 2, emissions, market-based (metric tons CO2e)
1,091.3

Comment
In addition to the operation of four accommodation facilities, the Company also operates
a taxi business and rental car business, etc.

39Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Subsidiary name
SF Engineering Inc.

Primary activity
Real Estate Service BusinessSelect a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)
2.9

Scope 2 emissions, location-based (metric tons CO2e)
15.2

Scope 2, emissions, market-based (metric tons CO2e)
15.2

Comment

Subsidiary name
SF Communication Inc.

Primary activity
Communication service

40

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Select a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2 emissions, location-based (metric tons CO2e)
11.9

Scope 2, emissions, market-based (metric tons CO2e)
11.9

Comment

Subsidiary name
SUN FRONTIER FUDOUSAN TAIWAN CO., LTD.

Primary activity
Real Estate Service BusinessSelect a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

41

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2 emissions, location-based (metric tons CO2e)
2.9

Scope 2, emissions, market-based (metric tons CO2e)
2.9

Comment

Subsidiary name
SUN FRONTIER VIETNAM CO., LTD

Primary activity
Real Estate Service BusinessSelect a unique identifier(s) that you are able to provide for this subsidiary
No unique identifier

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code42Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2 emissions, location-based (metric tons CO2e)
6.6

Scope 2, emissions, market-based (metric tons CO2e)6.6

Comment

Subsidiary namePrimary activity

Select a unique identifier(s) that you are able to provide for this subsidiary

ISIN code - bond

ISIN code - equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)43

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Scope 2 emissions, location-based (metric tons CO2e)

Scope 2 emissions, market-based (metric tons CO2e)

Comment

C7.9(C7.9) How do your gross global emissions (Scope 1 and 2 combined) for thereporting year compare to those of the previous reporting year?
Remained the same overall

C7.9a(C7.9a) Identify the reasons for any change in your gross global emissions (Scope 1
and 2 combined), and for each of them specify how your emissions compare to theprevious year.
Change inemissions(metric tons
CO2e)

Direction

Emissionof change in value(percentage)
emissions

Please explain calculation

90.6

Increased

The total of Scope 1 and Scope
2 increased slightly from10,781.0co2e-t in fiscal 2021 to
10,871.6co2e-t in fiscal 2022.

Change inrenewableenergyconsumption
Other emissions
reduction
activities

0.8

Divestment
Acquisitions
Mergers
Change in output
Change inmethodology
Change inboundary
Change inphysical44

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

operatingconditions
Unidentified
Other

C7.9b
(C7.9b) Are your emissions performance calculations in C7.9 and C7.9a based on alocation-based Scope 2 emissions figure or a market-based Scope 2 emissions
figure?
Market-based

C8. Energy
C8.1(C8.1) What percentage of your total operational spend in the reporting year was onenergy?
More than 0% but less than or equal to 5%

C8.2(C8.2) Select which energy-related activities your organization has undertaken.
Indicate whether your organization undertook this energyrelated activity in the reporting year
Consumption of fuel (excludingNo

feedstocks)
Consumption of purchased or
acquired electricity

Yes

Consumption of purchased or
acquired heat

No

Consumption of purchased or
acquired steamNo

Consumption of purchased or
acquired cooling

No

Generation of electricity, heat,steam, or cooling

No

C8.2a
(C8.2a) Report your organization’s energy consumption totals (excluding feedstocks)
in MWh.
45

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

MWh from MWh from nonrenewable renewable sources

Total (renewable + nonrenewable) MWhsources
Consumption of purchased or
acquired electricity

14,59914,599Total energy consumption

14,59914,599C8.2e(C8.2e) Provide details on the electricity, heat, steam, and/or cooling amounts thatwere accounted for at a zero or near-zero emission factor in the market-based Scope
2 figure reported in C6.3.

Country/area of low-carbon energy consumption

Sourcing method
None (no active purchase of low-carbon electricity, heat, steam, or cooling)

Energy carrier

Low-carbon technology typeLow-carbon energy consumed via selected sourcing method in the reporting
year (MWh)Tracking instrument used

Country/area of origin (generation) of the low-carbon energy or energy
attribute

Are you able to report the commissioning or re-powering year of the energy
generation facility?

Commissioning year of the energy generation facility (e.g. date of firstcommercial operation or repowering)

Comment
46

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C8.2g(C8.2g) Provide a breakdown by country/area of your non-fuel energy consumption in
the reporting year.

Country/areaJapan

Consumption of purchased electricity (MWh)14,584

Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)0Total non-fuel energy consumption (MWh) [Auto-calculated]
14,584

Country/area
Taiwan, China

Consumption of purchased electricity (MWh)5Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)0Total non-fuel energy consumption (MWh) [Auto-calculated]
5Country/area
Vietnam47

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Consumption of purchased electricity (MWh)10Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)0Total non-fuel energy consumption (MWh) [Auto-calculated]
10

C9. Additional metrics
C9.1(C9.1) Provide any additional climate-related metrics relevant to your business.

C10. Verification
C10.1(C10.1) Indicate the verification/assurance status that applies to your reported
emissions.
Verification/assurance status
Scope 1No third-party verification or assurance

Scope 2 (location-based or market-based)

No third-party verification or assurance

Scope 3No third-party verification or assurance

C10.2(C10.2) Do you verify any climate-related information reported in your CDP disclosure
other than the emissions figures reported in C6.1, C6.3, and C6.5?
No, we do not verify any other climate-related information reported in our CDP disclosure48Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C11. Carbon pricing
C11.1(C11.1) Are any of your operations or activities regulated by a carbon pricing system(i.e. ETS, Cap & Trade or Carbon Tax)?
No, and we do not anticipate being regulated in the next three years

C11.2(C11.2) Has your organization canceled any project-based carbon credits within thereporting year?
Yes

C11.2a(C11.2a) Provide details of the project-based carbon credits canceled by yourorganization in the reporting year.

Project type
Biomass energy

Type of mitigation activity
Carbon removal

Project description
Replacement of fossil fuels with biomass solid fuel (wood biomass) at a paper mill (Cheavy oil → wood chips, RPF)

Credits canceled by your organization from this project in the reporting year
(metric tons CO2e)364

Purpose of the cancellation
Voluntary offsetting

Are you able to report the vintage of the credits at cancellation?
Yes

Vintage of credits at cancellation
2020

Were these credits issued to or purchased by your organization?
Purchased

Credits issued by which carbon-crediting program49

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Other regulatory carbon crediting program, please specify
J-Credit

Method(s) the program uses to assess additionality for this projectNot assessed

Approach(es) by which the selected program requires this project to address
reversal risk
Temporary crediting

Potential sources of leakage the selected program requires this project tohave assessed
Not assessed

Provide details of other issues the selected program requires projects toaddress

Comment
GHG emissions from Real Estate Revitalization Business construction are offset by JCredit originating from biomass.

C11.3(C11.3) Does your organization use an internal price on carbon?
No, and we don’t anticipate doing so in the next two years

C12. Engagement
C12.1(C12.1) Do you engage with your value chain on climate-related issues?
Yes, our suppliers
Yes, other partners in the value chain

C12.1a(C12.1a) Provide details of your climate-related supplier engagement strategy.

Type of engagement
Information collection (understanding supplier behavior)

Details of engagement
Other, please specify

50Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

The Company holds regular opportunities for suppliers to share the Company's
business philosophy of reducing the waste of non-renewable resources andcontributing to the prosperity of people, plants, and animals.

% of suppliers by number
2% total procurement spend (direct and indirect)40% of supplier-related Scope 3 emissions as reported in C6.5
0

Rationale for the coverage of your engagement
A representative of the Company recommends and contacts a representative of a major
real estate brokerage company who can sympathize with the Company's businesses,
philosophy and vision or a representative of a real estate company with which we havea track record of transactions.

Impact of engagement, including measures of success
Since its founding, Sun Frontier Fudosan Co., Ltd. has been developing businesses
centered on the revitalization and utilization of real estate, reducing the waste of nonrenewable resource on earth and contributing to the prosperity of the people, plants andanimals through our corporate philosophy. For more than 10 years, we have been
holding ongoing meetings to exchange opinions with cooperating companies, which areimportant stakeholders in the development of our business, to deepen theirunderstanding of our corporate philosophy. We are aware that this is an important
opportunity for us to share our thoughts with our business partners in order to develop
environmentally friendly and socially responsible businesses.

Comment

C12.1d(C12.1d) Give details of your climate-related engagement strategy with other partners
in the value chain.
We are promoting philosophy management under the credo (company policy) of altruism. We
place importance on climate-related engagements with our employees, who are our
stakeholders, and share our philosophy in an interactive manner through daily chanting of our
mission, vision, and values. In the medium-term management plan, the Company placesemphasis on ESG and disseminates top management policies through various opportunities,
including weekly company-wide morning meetings and twice-yearly business plan presentation
meetings. In addition, the Investment Committee, which deliberates on property purchases,
confirms the amount of CO2 emissions generated by Real Estate Revitalization Businessconstruction and carries out activities to offset the CO2 emissions by utilizing J-Credit derived
from renewable energies.

51

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C12.2(C12.2) Do your suppliers have to meet climate-related requirements as part of yourorganization’s purchasing process?
No, but we plan to introduce climate-related requirements within the next two years

C12.3(C12.3) Does your organization engage in activities that could either directly or
indirectly influence policy, law, or regulation that may impact the climate?
Row 1
External engagement activities that could directly or indirectly influence
policy, law, or regulation that may impact the climate
Yes, our membership of/engagement with trade associations could influence policy, law,or regulation that may impact the climate

Does your organization have a public commitment or position statement to
conduct your engagement activities in line with the goals of the Paris
Agreement?
No, but we plan to have one in the next two years

Describe the process(es) your organization has in place to ensure that yourengagement activities are consistent with your climate commitments and/or
climate transition plan
We are a member of the Japan Business Federation and the Corporate Citizens
Council. The two organizations gather information on climate change through theiractivities and meetings. We will continue to strengthen our engagement with variousorganizations and strengthen our initiatives to climate change.

C12.3b
(C12.3b) Provide details of the trade associations your organization is a member of, or
engages with, which are likely to take a position on any policy, law or regulation that
may impact the climate.

Trade association
Japan Business Federation

Is your organization's position on climate change consistent with theirs?
Consistent

Has your organization influenced, or is your organization attempting to
influence their position?
We publicly promote their current position.
52

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

State the trade association’s position on climate change, explain where yourorganization’s position differs, and how you are attempting to influence theirposition (if applicable)
We have disclosed the initiatives in which we participate on our sustainability website.

Funding figure your organization provided to this trade association in thereporting year, if applicable (currency as selected in C0.4)
Describe the aim of your organization’s funding
Have you evaluated whether your organization’s engagement with this tradeassociation is aligned with the goals of the Paris Agreement?
Yes, we have evaluated, and it is aligned

C12.4(C12.4) Have you published information about your organization’s response to climatechange and GHG emissions performance for this reporting year in places other thanin your CDP response? If so, please attach the publication(s).

Publication
In mainstream reports, incorporating the TCFD recommendations

StatusComplete

Attach the document
24th Annual Securities Report. pdf

Page/Section reference
Page 14

Content elements
Governance
Strategy
Risks & Opportunities
Emissions figures

Comment

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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Publication
In voluntary sustainability report

StatusComplete

Attach the document20230628 Information Disclosure Based on the TCFD Recommendations. pdf

Page/Section reference
In addition to information disclosure based on the TCFD Recommendations, ESGrelated data is disclosed on the sustainability website.

Content elements
Governance
Strategy
Risks & Opportunities
Emissions figures

Comment

C12.5(C12.5) Indicate the collaborative frameworks, initiatives and/or commitments related
to environmental issues for which you are a signatory/member.
Environmental collaborative Describe your organization’s role within each framework,
framework, initiative and/or initiative and/or commitmentcommitment
Row Task Force on Climate-related In June 2022, we announced our support for the TCFD
1
Financial Disclosures (TCFD) recommendations and joined the TCFD consortium.
Disclosure based on the TCFD Recommendations has been
made since June 2023.

C15. Biodiversity
C15.1(C15.1) Is there board-level oversight and/or executive management-level
responsibility for biodiversity-related issues within your organization?
Board-level oversight and/or executive management-level responsibility forbiodiversity-related issues
Row
1

No, but we plan to have both within the next two years

54Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

C15.2(C15.2) Has your organization made a public commitment and/or endorsed any
initiatives related to biodiversity?
Indicate whether your organization made a public commitment or endorsed any
initiatives related to biodiversity
Row
1

No, but we plan to do so within the next 2 years

C15.3(C15.3) Does your organization assess the impact and dependencies of its value chain
on biodiversity?
Impacts on biodiversity
Indicate whether your organization undertakes this type of assessment
No, but we plan to within the next 2 years

Dependencies on biodiversity
Indicate whether your organization undertakes this type of assessment
No, but we plan to within the next 2 years

C15.4(C15.4) Does your organization have activities located in or near to biodiversitysensitive areas in the reporting year?
No

C15.5
(C15.5) What actions has your organization taken in the reporting year to progress
your biodiversity-related commitments?
Have you taken any actions in the reporting period to progress your biodiversityrelated commitments?
Row
1

No, we are not taking any actions to progress our biodiversity-related commitments, but weplan to within the next two years

C15.6(C15.6) Does your organization use biodiversity indicators to monitor performanceacross its activities?

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Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Does your company use indicators to monitor
biodiversity performance?
Row
1

Indicators used to monitor
biodiversity performance

No, we do not use indicators, but plan to within thenext two years

C15.7(C15.7) Have you published information about your organization’s response tobiodiversity-related issues for this reporting year in places other than in your CDP
response? If so, please attach the publication(s).
Reporttype

Content
elements

Attach the document and indicate where in the document therelevant biodiversity information is locatedC16. Signoff
C-FI(C-FI) Use this field to provide any additional information or context that you feel isrelevant to your organization's response. Please note that this field is optional and is
not scored.

C16.1(C16.1) Provide details for the person that has signed off (approved) your CDP climatechange response.
Row 1

Job title

Corresponding job category

President Representative Director

President

Submit your response
In which language are you submitting your response?
Japanese

Please confirm how your response should be handled by CDP

Please select yoursubmission options

I understand that my responses will be sharedwith all requesting stakeholders

Response
permission

Yes

Public56

Sun Frontier Fudousan Co., Ltd. CDP Climate Change Questionnaire 2023 July25, 2023

Please confirm below
I have read and accept the applicable Terms

57