May 10, 2022
To Whom It May Concern:
Company Name: NAGASE & CO., LTD.
Representative: Kenji Asakura,
Representative Director, President
Stock Exchange Listings:
Tokyo (Prime Market) Code 8012
Contact:
Yoshihisa Shimizu,
Executive Officer,
General Manager,
Corporate Management Dept.
Tel: +81-3-3665-3103

Notice Concerning Determination of Non-Financial Goals in Medium-Term Management Plan ACE 2.0
To achieve the Ideal NAGASE for 2032 (200th anniversary) as business designer that creates asustainable future, formulated the Medium-Term Management Plan ACE 2.0 (FY2021 to FY2025),
backcasting from the year 2032. Under this plan, we will create both economic value and social value
under a pursuit of quality.
The NAGASE & CO., LTD. board of directors established non-financial goals (KPIs) for the company toevaluate quantitatively and monitor efforts toward materialities identified for the company to achieve
the Ideal NAGASE. The company today announced the following decisions regarding these nonfinancial goals.
1. Determination of non-financial goals (KPIs)
Category
Improve employee
engagement*Carbon neutrality

TargetTargetGroup
companiesNAGASE (NonConsolidated)
ConsolidatedGroup
NAGASE (NonConsolidated)

KPIs
Percentage of companies conducting regular engagement
surveys: 100%
Total engagement survey score: 60 or better
Scope 1,2 reduction: 37% or greater (compared to 2013)
Reduction through renewable energy generation and purchases:
35,000 tons or more (cumulative)
Scope 2 zero emissions*Calculated for consolidated subsidiaries, treating the Prinova Group as a single company.
*FY2021: 41% of group companies conducted a survey (24 companies, including companies conducting one survey only).
NAGASE (Non-Consolidated) engagement survey score: 52.4

2. Background behind determination of KPIs
Improve employee engagement
The NAGASE Group recognizes that employee engagement is the most important factor in achieving
sustainable growth. In this context, the company defines engagement as a relationship between
company (organization) and employee built on mutual respect and mutual motivation.
In September 2021, the first year of the Medium-Term Management Plan ACE 2.0, NAGASE & CO.,

LTD. conducted an engagement survey across 16 categories: Eight related to the company, four related
to supervisors, and four related to the workplace. The survey was designed to identify the state ofemployee engagement serve as a basis for developing measures to improve engagement.
The company established implementation guidelines, including the involvement of top management,independence, and transparency, and will implement these measures throughout the group in a steadyand consistent manner.
Carbon neutrality
The NAGASE Group identified solving social/environmental issues and globalization as a materiality.
The NAGASE Group recognizes that addressing climate change is an important issue, establishing agoal to achieve carbon neutrality (Scope 1 and 2)—meaning net zero GHG emissions by 2050.
In addition to trading company functions, the NAGASE Group engages in manufacturing andprocessing. In this context, the group will endeavor to achieve carbon neutrality by categorizing
operations into four quadrants along two axes: trading company/manufacturing andvisualization/reduction.
(Reference 1: Employee engagement survey)(Reference 2: NAGASE Group greenhouse gas emissions (Scope 1 and Scope 2))

(Reference 3: NAGASE Group Value Propositions and Materialities)
To become the Ideal NAGASE as a Business Designer that Creates a Sustainable Future, theNAGASE Group identified important stakeholders, the value to deliver to each stakeholder, andmaterialities related to creating this value (see below).