Top Commitment

Sustainability at the ITOCHU Group

Environment

Society

Governance

SDGs Bond (Sustainability Bond)

Evaluation by Society

2

Independent Assurance Report

Contents
Contents

2Top Commitment : Chairman & CEO

4

Editing Policy / Corporate Profile

Top Commitment : President & COO

35

Message from Chief Administrative Officer 6

Environment

Environmental Policy

38

Corporate Governance170

Climate Change (Information Disclosure
Based on TCFD Recommendations)

41

Compliance

194

Environmental Management

Prevention of Pollution and Resource
Circulation
Water Resources Conservation
Conservation of Biodiversity
Clean-tech Business

ESG Data (Environment)

Sustainability at the ITOCHU Group

Our Sustainable History
and Value Creation Model

8

Policy & Basic Approach

11Strategies

19

Governance

Risks and Management
Metrics and Targets

Collaboration with Outside Initiatives

1539728193

Occupational Safety and HealthManagement

118

34

Sustainability in the Value Chain

Responsibilities to Customers
Social Contribution Activities
ESG Data (Society)

SDGs Bond (Sustainability Bond)201

Independent Assurance Report

207

Evaluation by Society

101

23

190

69

Labor Practices

Human Resources Development

Risk Management

59

Society

Respect and Consideration for
Human Rights

24

Governance

113
126
134
145
163
165

202

Top Commitment

Sustainability at the ITOCHU GroupEnvironment

Society

Governance

SDGs Bond (Sustainability Bond)

Evaluation by Society3

Independent Assurance Report

Editing Policy
ITOCHU’s ESG Report is to provide various stakeholders including shareholders, investors, business
partners, and others with a deep understanding of our company’s sustainability policies, approaches,targets, systems, and specific initiatives. We recognizes that “Meeting the expectations of society
through business activities will help maintain sustainability and lead to further growth.” With this inmind, ESG Report 2023 reports the details of our sustainable activities in the previous fiscal year
together with ESG performance data and our contribution to the SDGs.
Reporting Period

This report principally covers actual data for the fiscal year beginning on April 1, 2022, and ended on March 31,2023 (FYE 2023). However, some of the most recent information on our activities and initiatives are also included.
Reporting Boundary

This report covers ITOCHU Corporation (7 domestic offices and 86 overseas offices) and its major group companies.
Independent Assurance

The environmental and social performance indicators marked with ★ and ◆ in this report are independently
assured by KPMG AZSA Sustainability CO., Ltd. (P207)
Publication Information

Publication: September 2023
Next publication (scheduled): September 2024
Previous publication: September 2022
Referenced Guidelines

In promoting sustainability, we refer to international guidelines and principles such as The Ten Principles of theUnited Nations Global Compact and Sustainable Development Goals (SDGs) adopted by the United Nations in
September 2015. The guidelines and principles we refer to are listed below.
The Ten Principles of the United Nations Global Compact● GRI Sustainability Reporting Standards (GRI Standards)● International Integrated Reporting Framework (IIRC)● ISO 26000 (Social Responsibility)● TCFD Recommendations● Universal Declaration of Human Rights (UDHR)● UN Guiding Principles on Business and Human Rights● Sustainable Development Goals (SDGs)● United Nations Declaration on the Rights of Indigenous
Peoples (UNDRIP)●Basic Principles on the Use of Force and Firearms by
Law Enforcement Officials● OECD Guidelines for Multinational Enterprises● The Environmental Reporting Guidelines issued by theMinistry of the Environment● Keidanren: Charter of Corporate Behavior● Japan Foreign Trade Council: Shosha’s CorporateEnvironmental Code of Conduct, Supply Chain CSR
Action Guidelines●Corporate ProfileCompany Name

ITOCHU Corporation

Chairman & CEO

Masahiro Okafuji

Incorporated

December 1, 1949

Number of Offices

Domestic Ofﬁces 7
Overseas Ofﬁces 86

Common Stock1858

FoundedHeadquartersTokyo

1-3, Umeda 3-chome,

Tokyo 107-8077, Japan

Osaka 530-8448, Japan

2-chome, Minato-ku,

Inquiries

Number of Employees* Consolidated 110,698
Non-consolidated 4,112(As of March 31, 2023)

Osaka

5-1, Kita-Aoyama

253,448 Million Yen* The number of consolidated employees is based on actual

Kita-ku,working employees excluding temporary staff.

ITOCHU Corporation Sustainability Management Division
TEL: +81-3-3497-4060

E-mail: tokcr@itochu.co.jp

Disclosure of Sustainability-related Information
Publication

Contents

PDF

HTMLESG Report

ITOCHU discloses information on a wide range of topics concerning its sustainability
initiatives. The PDF is published as an annual report so as to provide continuous recordof our ESG initiatives. In HTML, we provide information on activities carried out during
the fiscal year in a timely manner.

●●Annual Report

This report is for a wide range of stakeholders including investors to provide particularly
important information on our management performance and future growth strategies,
as well as sustainability initiatives, in an integrated form, including financial andnon-financial information, based on the characteristics of our business activities as a
general trading company.

●●Corporate
Governance Report

This report presents our company’s approach to corporate governance and its
corporate structure in accordance with the principles stated in the Corporate
Governance Code. We provide more detailed information on governance such as
institutional design, operational status, and effectiveness evaluation.

●Annual Security
Report

The financial statements have been prepared in accordance with Article 24, Paragraph 1of the Financial Instruments and Exchange Act of Japan and submitted to the Kanto
Local Finance Bureau. We provide more detailed information on our financialcondition.

●(JapaneseOnly)

Forward-Looking Statements
This report contains not only past and present facts, but also forecasts, targets, and plans for the future. These
forward-looking statements are based on information available at the time of publication of this report and aresubject to a number of factors that may cause actual results to differ materially from those presented in theforward-looking statements. Please use this report at your own discretion.