Environmental Policy
This policy provides specific action guidelines for "5. Climate change" and "6. Natural Capital" set forth in
the Nomura Group Sustainability Statement, which outlines the direction of the Group's sustainabilityrelated activities and our response to environmental and social risks.
Based on this environmental policy, we will actively address environmental issues while always being
aware of our responsibility to protect the environment.

1. Initiatives through Business Activities
We will support our clients' sustainability efforts through the provision of products and services by eachNomura Group company. We will make this an opportunity for our own growth, giving due consideration to
the impact of our products and services on the environment, and responding appropriately when there is apossibility of a negative impact on the environment.
In addition, we will implement measures to enhance environmental risk management, including climatechange.
Climate change
To support the transition to a decarbonized society, we will promote the following initiatives throughthe business activities of each group company and through the provision of products and services
to our clients.
We support our clients' efforts to decarbonize by providing M&A advisory services andconsulting services and supporting sustainable finance.

We recognize the potential for our products and services to impact climate change, and wewill respond appropriately with due consideration to such impact.

We will strive to properly manage risks related to climate change.

Natural capital
We support businesses that conserve natural capital through the provision of products andservices, and we take appropriate measures to ensure that the products and services provided byour group companies do not negatively impact biodiversity.

2. Initiatives at the Company
We will strive to reduce our own environmental impact, improve the environment and prevent pollution bysetting appropriate targets for the following initiatives.
Reducing environmental impact at our own offices
We recognize the environmental impact of resource consumption and waste generation from ourbusiness activities, and we will strive to reduce waste, conserve energy and resources,
decarbonize, and implement green procurement. We will strive to preserve the environment andcontinuously improve our environmental management system to manage these efforts.

Improving the environment and preventing pollution
We will strive to verify the effects of our products and operations on the environment on acontinuous basis and work to improve the environment and prevent pollution.

Fostering awareness within the company
Through training and other means, we will communicate this policy to all employees and foster
environmental awareness internally. To promote environmental initiatives, we will create aframework that makes it easy for officers and employees to participate in environmental
conservation activities, both within and outside the business.

3. Governance and Management Framework
This policy will be reviewed as necessary after approval by the Group Sustainability Officer in lightof changes to business activities and the business environment.

Environmental initiatives are regularly discussed by the Sustainability Committee and reported to
the Board of Directors as necessary.

In addition to complying with environmental laws and regulations, we will proactively disclose
information about our environmental initiatives as appropriate.

4. Stakeholder Engagement
By disclosing our environmental policy to the public and communicating with a wide range ofstakeholders outside the company, we will strive to enhance our efforts to address environmental
issues, as well as to raise awareness and promote environmental conservation activities.

In our environmental efforts, we support the various international agreements and initiatives listed
in our Sustainability Statement and promote harmonized efforts.

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