January 25, 2022
To Whom It May Concern:
Company Name: NAGASE & CO., LTD.
Representative:
Kenji Asakura,
Representative Director,President
Stock Exchange Listings:
Tokyo (First Sections) Code 8012
Contact:
Natsuki Imamura,
General Manager,
Corporate Communication Dept.
Tel: +81-3-3665-3640

NAGASE Group Carbon Neutral Declaration
NAGASE & CO., LTD. has established guidelines for achieving carbon neutrality in 2050. The materiality (key issues)
NAGASE announced in May 2015 included “solving social and environmental issues, and globalization.” The NAGASEGroup, which engages in business globally, recognizes climate change as an important issue which the group as a wholeshould take action on. In addition to trading company functions, the NAGASE Group has manufacturing and processing
functions, which are categorized into two axes and four quadrants of “trading/manufacturing” and “visualization/reduction,”
to work towards fulfilling the targets described below.
■ Targets
NAGASE has set a goal of achieving carbon neutrality by 2050, with functionally zero greenhouse gas emissions (Scope 1and 2). By 2030, Scope 1 and 2 emissions will be reduced by 46% (compared to 2013 levels), and Scope 3 emissions will bereduced by 12.3% (compared to 2020 levels).
The Scope 3 target may be revised in the future after dialogue with the supply chain.
■ Overall Measures
NAGASE declared support for the TCFD*1 within the 2021 fiscal year. To increase the likelihood of the plan succeeding,
SBT*2 certification will also be examined.
In order to ensure compatibility with the NAGASE Group’s growth strategy, the introduction of a preferential system forenvironmental investment and an internal carbon tax will also be examined when establishing mid-term goals for emissions.
■ Measures
The following four measures will be implemented to reach the targets set for 2030 and 2050.
(See Figure 1.)
Measure ①: Visualize emissions in the supply chain, etc.

Measure ②: Life-cycle assessments for strategic products, etc.

Measure ③: Provide low-carbon products and reduction solutions, introduce green facilities, etc.

Measure ④: Improve manufacturing processes, use renewable energy (purchase/in-house generation), etc.

The NAGASE Group considers establishing basic guidelines for sustainability and continuing to contribute to solving socialand environmental issues through corporate activities as being in line with its entire philosophical system, including its
management philosophy.
Seeking understanding and cooperation from the entire supply chain, NAGASE will continue to contribute to creating asustainable society.
An announcement of non-financial KPIs, including climate change response, for the ACE 2.0 mid-term business plan isplanned for May 2022.
*1:

Task Force on Climate-related Financial Disclosures. The TCFD provides businesses with disclosure recommendations*2:

Science Based Targets. Greenhouse gas emission reduction targets established by businesses for 5 to 15 years in the future, aligned

for governance, strategy, risk management, and metrics and targets related to climate change risks and opportunities.
with the level of climate change targeted by the Paris Agreement (keeping global warming to well below 2°, preferably to 1.5°C,compared to pre-Industrial Revolution levels.)Figure 1.

■ The NAGASE Group’s Sustainability
https://www.nagase.co.jp/sustainability/