To design sustainable environments for a happier future for both people and our planet

March 28, 2023
MIRARTH HOLDINGS, Inc.

Announcement of Medium- to Long-term Targets
for Greenhouse Gas Emission Reductions~ Promoting initiatives to achieve carbon neutrality by 2050 ~MIRARTH HOLDINGS, Inc. (Headquarters: Chiyoda-ku, Tokyo / Representative Director: Kazuichi Shimada) announces thatit has set medium- to long-term targets for reducing greenhouse gas emissions to achieve carbon neutrality. The MIRARTHHOLDINGS Group, under its sustainability basic policy of "contribute to solving social issues and achieving the SDGs byengaging in sustainability activities through our business, such as the supply of housing and the introduction of renewableenergy ," has been working on reducing greenhouse gas emissions through energy businesses utilizing renewable energy
and the supply of high-performance environmentally friendly homes.
In light of recent changes in domestic and international trends, such as the greenhouse gas reduction targets set by theJapanese government and international discussions on carbon neutrality standards, we have established new reductiontargets.

Medium- to Long-term Targets
In order to achieve carbon neutrality by 2050, MIRARTH HOLDINGS Group has set targets for greenhouse gas emissions(Scope 1 and 2*) associated with its business activities: a 50% reduction by fiscal year 2030 (compared to fiscal year 2020)and net zero by fiscal year 2050.
As for Scope 3*, we are currently working on energy data aggregation and plan to disclose greenhouse gas emissions
during fiscal year 2023.

MIRARTH HOLDINGS Group Goals to Achieve Carbon Neutrality

Group-wide greenhouse gas emissions

50% reduction by FY2030（Compared to FY2020 ）・Net zero by FY2050* Subject to Scope1+Scope2

Greenhouse Gas Emissions Reduction Image[ t-CO2]

1,959 t-CO2

Result① Green Electrification② Energy saving
Greenhouse gasemissions▲50%③ Electrification ofCompany-owned Vehicles
1,000 t-CO2④Offseting

Greenhouse GasEmissions

FY2020etc.

FY2030FY2040FY2050Major Reduction Measures
To achieve our medium- to long-term targets, we will implement the following specific measures:

1. Green Electrification
We are promoting contracts for electricity
with low CO2 emissions and will switch tocarbon-free or renewable energy-derived
green power at all our offices, company
owned recreation facilities, and otherlarge-scale sites nationwide by fiscal year2030.

2. Implementation of Energy-saving Measures
In addition to energy-saving measures
such as Cool Biz and Warm Biz, by fiscal
year 2025, we will establish energy-saving
measures such as appropriate use of air
conditioning loads in summer and winter,and setting operational standards forlighting areas and time zones. This will help
reduce the amount of electricity used.

3. Electrification of Company-owned Vehicles
While promoting the introduction of hybridvehicles, we will follow the government's
policy of "electrified vehicles will accountfor 100% of new vehicle sales by 2035 "and introduce more environmentallyfriendly electric vehicles (EVs) to electrify
our company-owned vehicles.

4. Offsetting
Scheme of speciﬁed
wholesale supply
MIRARTHHOLDINGSGroupPower generationcompany

Power transmission/distribution
business operator

Power consumers who choose touse renewable energy(local/urban areas,RE100 member companies)

PPS
20-yearleaseagreement

Power generation
facilities ownedby the company(Power Producerand Supplier)

20-year
speciﬁedagreement

Speciﬁed
wholesalesupply agreement

Agreement regarding speciﬁed
wholesale supply

MIRARTH Holdings Group provides
electricity generated at its power
plants to power consumers via PPS.

We are engaged in the development and operation of renewable energy generation facilities and their utilization. To achieve avirtually carbon-free by fiscal year 2050, we will implement carbon offset measures such as using specified wholesale supply
and non-fossil certificates.MIRARTH HOLDINGS Group's Commitment to the Environment
Our group considers our sustainability efforts as one of important strategies for our medium- to long-term growth and wehave laid out “active response to ESG (environment, society, and governance)” in the Mid-term Business Plan. As part ofour environmental efforts, since entering the energy business in 2013, we have developed numerous large-scale solar power
plants nationwide and promoted renewable energy projects, including solar power generation, to contribute to the reductionof CO2 emissions, a greenhouse gas.
We will continue to contribute to environmental improvement, increased energy self-sufficiency, utilization of idle land, andregional revitalization through the development and operation of solar power facilities, as well as further supply of renewableenergy toward the realization of carbon neutrality by engaging in initiatives such as wind power generation and biomass
power generation.
Under our purpose of "To design sustainable environments for a happier future for both people and our planet ," we willcontinue to promote business operations and value creation with a focus on ESG through dialogue with all stakeholders andcontribute to solving social issues.
<Related Information>▼ MIRARTH HOLDINGS Group's commitment to sustainability
https://mirarth.co.jp/sustainability/*Scope 1: Direct emissions of greenhouse gases by the business operator (combustion of fuels such as city gas)
Scope 2: Indirect emissions associated with the use of electricity, heat, and steam supplied by other companies.
Scope 3: Indirect emissions other than Scope 1 and 2 (emissions from other companies related to the business operator'sactivities)

Company Overview
Company Name

: MIRARTH HOLDINGS, Inc.

Representative: Kazuichi Shimada, Representative Director

Address: 16F Tekko Building, 1-8-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan

Established: September 1972

Business Description : Management of group companies, etc.
Capital: 4,819 million yen

URL: https://mirarth.co.jp[Inquiries regarding this press release]
MIRARTH HOLDINGS, Inc.
Corporate Planning Headquarters, Group Corporate Planning Department
Contact: Ito
Phone: +81 3 6551 2125