LRQA Independent Assurance Statement
Relating to Olympus Corporation’s Environmental and Social Data within its
Sustainability Page for the fiscal year 2022
This Assurance Statement has been prepared for Olympus Corporation in accordance with our contract.

Terms of Engagement
LRQA Limited (“LRQA”) was commissioned by Olympus Corporation (“the Company”) to provide independent
assurance on its environmental and social data within its Sustainability Page (“the report”) for the fiscal year 2022,
that is, from 1 April 2021 to 31 March 2022, against the assurance criteria below to a limited level of assurance and atthe materiality of the professional judgement of the verifier using ISAE 3000 (Revised) and ISO 14064-3:2019 forgreenhouse gas (“GHG”) emissions.
Our assurance engagement covered the Company’s and its consolidated subsidiaries’ operations and activities inJapan and overseas and specifically the following requirements:• Verifying conformance with the Company’s reporting methodologies for the selected datasets:• Evaluating the accuracy and reliability of data for only the selected indicators listed below: 1
Environmental data2• Energy consumption 3 (MWh equivalent)• Scope 1 GHG emissions (tCO2e)• Scope 2 GHG emissions (Location-based and Market-based) (tCO2)• Scope 3 GHG emissions (Category 2-7, 12) (tCO2e)• Water consumption volume (Piped water and Ground water) (m3) 3• Waste generated (tonnes) 3
Social• LTIFR 3• OIFR 3• Number of Occupational Incidents 3• Fatalities 3
Our assurance engagement excluded the other data and information of the Company’s suppliers, contractors andany third-parties mentioned in the report.
LRQA’s responsibility is only to the Company. LRQA disclaims any liability or responsibility to others as explained in
the end footnote. the Company’s responsibility is for collecting, aggregating, analysing and presenting all the dataand information within the Report and for maintaining effective internal controls over the systems from which theReport is derived. Ultimately, the Report has been approved by, and remains the responsibility of the Company.

LRQA’s Opinion
Based on LRQA’s approach nothing has come to our attention that would cause us to believe that the Company has
not, in all material respects:• Met the requirements of the criteria listed above• Disclosed accurate and reliable environmental and social data
The opinion expressed is formed on the basis of a limited level of assurance4 and at the materiality of the professional
judgement of the verifier.
1

LRQA undertook a limited assurance engagement of the environmental and social data marked with ★ within the Sustainability page for the fiscal
year 2022.
2
GHG quantification is subject to inherent uncertainty.
3
The scope is covered the breakdown of each selected indicators.
4
The extent of evidence-gathering for a limited assurance engagement is less than for a reasonable assurance engagement. Limited assurance
engagements focus on aggregated data rather than physically checking source data at sites. Consequently, the level of assurance obtained in alimited assurance engagement is lower than the assurance that would have been obtained had a reasonable assurance engagement beenperformed.
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LRQA’s Approach
LRQA’s assurance engagements are carried out in accordance with ISAE 3000 (Revised) and ISO 14064-3:2019. The
following tasks were undertaken as part of the evidence gathering process for this assurance engagement:• Auditing the Company’s data management systems to confirm that there were no significant errors, omissions
or misstatements in the report. We did this by reviewing the effectiveness of data handling procedures,instructions and systems, including those for internal verification.
• Interviewing with those key people responsible for compiling the data and drafting the report.
• Sampling datasets and traced activity data back to aggregated levels;• Verifying the historical environmental / social data and records for the fiscal year 2022; and• Visiting Olympus Corporation Utsugi Facility and Head Office to confirm the data collection processes andrecord management practices.
• By implementing the Company’s “No Visitor” Policy due to the global infection spread of COVID-19, conducting
the remote verification to Olympus Corporation Nagano Facility Ina for confirming the effectiveness of its data
management systems via emails and Microsoft Teams.

Observations
In order to improve the accuracy of environmental and social data, it is expected that more effective data
management will be established at each site (especially overseas).

LRQA’s Standards, Competence and Independence
LRQA implements and maintains a comprehensive management system that meets accreditation requirements for
ISO 14065 Greenhouse gases – Requirements for greenhouse gas validation and verification bodies for use inaccreditation or other forms of recognition and ISO/IEC 17021-1 Conformity assessment – Requirements for bodies
providing audit and certification of management systems – Part1: Requirements that are at least as demanding as
the requirements of the International Standard on Quality Control 1 and comply with the Code of Ethics forProfessional Accountants issued by the International Ethics Standards Board for Accountants.
LRQA ensures the selection of appropriately qualified individuals based on their qualifications, training andexperience. The outcome of all verification and certification assessments is then internally reviewed by senior
management to ensure that the approach applied is rigorous and transparent.
This is the only work undertaken by LRQA for Company and as such does not compromise our independence orimpartiality.
SignedDated: 28 June 2022

Norihiko Kinoshita
LRQA Lead Verifier
On behalf of LRQA Limited
10th Floor, Queen's Tower A, 2-3-1 Minatomirai, Nishi-ku, Yokohama, JAPANLRQA reference: YKA4005278
LRQA, its affiliates and subsidiaries, and their respective officers, employees or agents are, individually and collectively, referred to in this clauseas 'LRQA'. LRQA assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance on theinformation or advice in this document or howsoever provided, unless that person has signed a contract with the relevant LRQA entity for theprovision of this information or advice and in that case any responsibility or liability is exclusively on the terms and conditions set out in thatcontract.
The English version of this Assurance Statement is the only valid version. LRQA assumes no responsibility for versions translated into otherlanguages.
This Assurance Statement is only valid when published with the report to which it refers. It may only be reproduced in its entirety.
Copyright © LRQA, 2022.

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