Pan Pacific International Holdings Corporation
June 14, 2022

Joined the "Japan Climate Leaders' Partnership (JCLP)"
Pan Pacific International Holdings Corporation (Headquarters: Meguro-ku, Tokyo; President andCEO: Naoki Yoshida; hereinafter referred to as PPIH) joined the Japan Climate LeadersPartnership (hereinafter referred to as JCLP) as a supporting member.
JCLP was established in 2009 as a unique Japanese business group based on the recognition thatindustry must have a healthy sense of urgency and initiate proactive actions to realize adecarbonized society. 212 companies, including leading Japanese companies from a wide range ofindustries, are members (as of June 2022). (*1)
We recognize that the issue of climate change is one of the most important social issues, and that
contributing to the realization of a decarbonized society is our social responsibility as a retailer. We
also regard it as an important issue that we must address for the sustainable development of ourgroup, as well as to enhance our corporate value. In 2021, the PPIH Group received amanagement-level "B-" rating in the CDP (*2) study on climate change, up from a "C" the previousyear. Additionally, in February of 2022, in support of the TCFD (Task Force on Climate-relatedFinancial Disclosure) (*3) recommendations, the PPIH Group set decarbonization targets to "reduce
CO₂ emissions from stores by 50% by 2030 (compared to fiscal 2013)" and "achieve a total CO₂
emissions volume of zero by 2050".Through our membership in the JCLP, we will promotedecarbonization in collaboration with participating environmentally advanced companies, steadily
achieve the PPIH Group decarbonization targets, and continue to work towards the realization of asustainable society.
（*1）About Japan Climate Leaders’ Partnership (JCLP)
JCLP is a coalition of businesses in Japan that aim to create a carbon neutral society, built on the idea thatdecarbonization is essential to economic development. The group’s total sales are 121 trillion JPY (970 billion USD)
and electricity demand together amounts to approx. 60 TWh. It was set up in 2009 to encourage the business sector todevelop a sound sense of urgency on climate action. Since April 2017, JCLP has been the Climate Group’s Regional
Delivery Partner on RE100, EP100 and EV100 initiatives in Japan.

(*2) About CDPAn international NGO that conducts surveys and analyses of the efforts of the world's major companies andorganizations to address environmental issues such as "climate change", "water", and "forestry", and discloses theresults of its evaluations. The CDP's environmental information disclosure and its evaluation process are widely
recognized as the global standard in corporate environmental information disclosure.

(*3) About TCFD (Task Force on Climate-related Financial Disclosures)
A task force established by the Financial Stability Board (FSB) at the request of the G20 to examine how to provide

voluntary and consistent climate-related disclosure and responses by financial institutions.

Reference:
PPIH Group's Sustainability https://ppih.co.jp/en/csr/
PPIH Group's Response to Climate Change https://ppih.co.jp/en/csr/tcfd/
PPIH Group's Key Issues (Materiality) https://ppih.co.jp/en/csr/policy/