GS Yuasa Corporation

Sustainability Activities in 2022

CONTENTS
CSR Promotion
President’s Message ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶
CSR Policy and Code of Conduct ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶
CSR Promotion Framework ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

Materiality ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

02
04
09
12

Activities
Developing Fair, Transparent, and Sound Business, and Anti-Corruption ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶
Respect for Human Rights ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶
Conservation and Improvement of Adequate Working Environment ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services ̶̶̶̶̶̶̶̶̶
Global Environmental Conservation ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶
Building Better Relationships with Local Communities ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶
Ensuring Social Responsibility within Our Supply Chain ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

External Evaluation ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

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25
32
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61
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Editorial Policy
Editorial Policy ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

97

Reference Data
Reference Data ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

Every year, the GS YUASA Group announces its views toward CSR and the status of related initiatives on its
GS YUASA websites. This PDF file has been prepared to allow readers to refer to the information released in
the 2022 fiscal year through the contents of the “Sustainability Activities” website, of the sites of our.

98Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

President's Message

President's Message

Become an energy device company that continually creates
new value
As the first in Japan to successfully manufacture lead-acid batteries, and firstworldwide in achieving mass production of lithium-ion batteries for electricvehicles, our high level of technological expertise is demonstrated by productsthat deliver stable performance even in extreme and highly demanding
environments, such as in deep sea research submersibles, aircraft, spacesatellites, etc. We are also meeting the expectations of our stakeholders through engagement in next-generation vehicle
development, the renewable energy sector, and infrastructure applications. I am confident that these efforts are the result ofpracticing our corporate philosophy of being committed to people, society and the global environment through the innovation andgrowth of our employees and business entities.

In May 2017, we formulated as the President's Policy the GS Yuasa CSR Policy and Code of Conduct, which clarifies thiscorporate philosophy, and in April 2018 we signed the U.N. Global Compact (UNGC), which aligns with our own CSR policies andvalues. Our business companies have set up a CSR Committee to put into practice the Ten Principles the UNGC asks ofcompanies in the four areas of Human Rights, Labour, Environment, and Anti-Corruption, as well as the sustainable development
goals (SDGs) adopted by the United Nations and our CSR policies. We are working to contribute to a sustainable society throughour business activities.

Markets and the societies continually change together with the times, and efforts aimed at solving social issues on aninternational, global scale, including sustainable development goals (SDGs) and carbon neutrality, are intensifying. We believethat our technologies and products are highly suitable to contribute to the realization of a sustainable society by addressing
climate change and building a stable social infrastructure.

In the future too, as an energy device company, we will continue to take on innovative challenges in monozukuri as well as in
kotozukuri that drives energy management technologies, and will strive to contribute to the realization of a world, environment,
and society where people worldwide can live in greater abundance and peace of mind.

President
GS Yuasa Corporation-2-

President's Message

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

The Ten Principles of the United Nations Global Compact< Human Rights >Principle 1

Businesses should support andPrinciple 7

Businesses should support a

respect the protection of

precautionary approach tointernationally proclaimed humanenvironmental challenges;

rights; andPrinciple 2< Environment >Principle 8

make sure that they are notundertake initiatives to promote
greater environmental

complicit in human rights abuses.

responsibility; andPrinciple 9

encourage the development anddiffusion of environmentallyfriendly technologies.

< Labour >Principle 3< Anti-Corruption >Businesses should uphold thePrinciple 10

Businesses should work against

freedom of association and thecorruption in all its forms,

effective recognition of the right toincluding extortion and bribery.

collective bargaining;
Principle 4

the elimination of all forms offorced and compulsory labour;

Principle 5

the effective abolition of childlabour; andPrinciple 6

the elimination of discrimination in
respect of employment andoccupation.

-3-

President's Message

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

CSR Policy and Code of Conduct

The GS YUASA CSR Policy and Code of Conduct, formulated in May 2017 as the President's Policy, have become the foundation of theGroup's CSR activities. In the GS Yuasa Group, we carry out business in accordance with the CSR Policy and Code of Conduct in orderto ensure the sustainable development of society and business.

CSR Policy

Besides legal compliance, we respect international norms, guidelines, and initiatives related to social responsibility, work onsustainable development of our business through developing energy storage technologies, and contribute to people, society,and global environment.

1. Developing Fair, Transparent, and Sound Business, and Anti-Corruption
GS YUASA conducts a transparent business policy which aims to earn the trust of customers, business partners,
shareholders, and of local communities as a top priority. And to adhere to laws and regulations of each country andregion. Furthermore, we address to prevent any kind of corruption, will not tolerate any illegal political contribution,bribery of public officials, and will not have relationships with personnel or organizations of organized crime.

2. Respect for Human Rights
GS YUASA will respect all human rights and fundamental labor rights, and will not tolerate any forced labor or childlabor. We will also respect diversity, without any discrimination being tolerated.

3. Conservation and Improvement of Adequate Working Environment
GS YUASA will provide safe and comfortable working environments for employees. Proper management will be
provided in order to promote mid to long-term development of human resources.

4. Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services
GS YUASA ensures the safety and quality of products/services to the end of their lifecycle throughout
manufacturing. Furthermore, GS YUASA honest provides clear safety information for all products/services.

5. Global Environmental Conservation
GS YUASA addresses to prevent pollution, and to mitigate climate change, and to establish a sound material-cycle
society through using sustainable resources.

6. Building Better Relationships with Local Communities
GS YUASA will contribute to sound and sustainable development of local communities through building better
relationships with their local communities.

7. Ensuring Social Responsibility within Our Supply Chain
GS YUASA will promote actions to ensure social responsibility within our supply chain.
Date : May 1, 2017
GS Yuasa Corporation

President-4-

Osamu Murao

CSR Policy and Code of Conduct

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

CSR Code of conduct

1. Developing Fair, Transparent, and Sound Business, and Anti-Corruption．

1-1Compliance(1) We respect international and regional norms, guidelines, and initiatives, and also strictly comply with the laws andregulations in each country and region in which we operate.
(2) As a member of the international community, we will comply with the export control laws and regulations of each country inorder to maintain international peace and security, and we will not export in a manner to spread materials which could leadto the proliferation of weapons of mass destruction.

．

1-2

Elimination of mixing up official business with personal affairs

We will never conduct to bring damage to the company, through misappropriation of corporate assets and corporate
expenses only for one's personal ends or else with misfeasance allowing one's personal advantage.

．

1-3

Fair, Transparent and free competition and trade(1) We will not engage horizontal agreements (cartel) through meeting and participation to trade association's activities, i.e.
price and quantity fixing as well as exclusivity in distribution of products and services. Upon receipt of such proposal, we
decline clearly without leaving no doubt to be misunderstood. To this extent, we will never act in collusion with othercontractors, nor to fix the winning bidder and/or contract price.
(2) We never act in abuse of dominant position, to take advantage of subcontractors, i.e., withholding the amount of
subcontract payments without reasons attributable to the subcontractor or failing to make payment after the lapse of the due
date of payment, or obtaining undue or improper advantage. Also, upon issuing our order to subcontractors, we will retain
the written offer on paper or electronic record.
(3) We will not obtain or use trade secret or data of other companies or firms in an unauthorized way.
(4) We will not leave product labelling or service information inexact or unclear in a manner to cause customers
misunderstanding.

．

1-4Management of confidential information(1) We observe the protection of confidential information and its appropriate use; then, at the event of disclosure to the third
parties, we will disclose only after concluding confidentiality agreement.
(2) We will observe the protection and appropriate use of confidential information received from our business partners and coresearchers or co-developers; We will not disclose to the third parties without the prior consent of the disclosing party.
(3) Before assembling personal information, we will at first notify the purpose of use, and then collect in an appropriate way.
The purpose of using personal information is to be limited and specified.
(4) We will conserve personal information data in safety and control its use, then monitor in a suitable way the employees andsubcontractors using/handling these data.
(5) We always respect the individual privacy, so need to pay the most attention in handling their confidential information,
learned from one's business relations or in the course of business, and at last, not to inform or leak to anyone withoutauthority.
(6) We will not commit so-called "insider trading", act of making max profit in stock and security exchanges transaction thanks
to privileged acknowledgement of internal information, within our group and received from business partners.

-5-

CSR Policy and Code of Conduct

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)．

1-5

Respect for intellectual property(1) We will research sufficiently third parties' patents, industrial designs, trademarks and other intellectual property rights, prior
to development, production, commercialization and delivery of, or providing our products and services.
(2) We will not use intellectual property of a third party without authorization of intellectual property holder, unless we have ajustifiable reason.
(3) We will not unlawfully duplicate any software and other copyrighted works, i.e., Literature and images, Journalistic articles,
Paintings, Music.

．

1-6

Separation from organized crime(1) We will not provide any form of benefit in excess of the normal shareholder's right to any person or company associatedwith organized crime.
(2) We will cut off business or any other relationships with individuals and organizations having an indication of support fororganized crime.

．

1-7

Transparency of information disclosure

We will disclose, within a specific time limit and with appropriate method, any information required by laws andregulations of each country and region in which we operate, as well as specific information to maintain goodcommunication with other stakeholders and local communities.

．

1-8

Legal compliance for political funds control

We will not contribute for political funds, requesting some business advantage in return, such as acquisition or
maintenance of trading, or access to nondisclosure information. Also, we will comply with the conditions stipulatedby the laws and regulations of each country and region in which we operate before making political contributions.

．

1-9

Prohibition to offer entertainment or gifts to public employees

We will not offer money, entertainment, gifts, or other economic benefits, nor provide advantages to public
employees or equivalent persons perceived as a conflict of interest.

1-10

．

Sound relationship with business partners

We will endeavor to maintain sound business relationships with our business partners; therefore we will not receive
money, gift or entertainment offered from business partners exceeding commonly accepted limits.

2. Respect for Human Rights．

2-1

Prohibition of discrimination and respect for diversity

We will respect and honor diversity and will not discriminate anyone for any reason, including race, gender, sexual
identity, nationality, national origin, disability, and religious or political opinions.

．

2-2

Respect for individual personality

We will not condone the removal of human rights of any individual person, including sexual harassment and power
harassment, nor the reduction of personal dignity of others.

．

2-3

Respect for labor rights

We will respect labor rights including freedom of association and collective bargaining rights, in accordance with thelaws of each country and region in which we operate.

．

2-4

Prohibition of forced labor and child labor

We will neither force labor, nor employ children under the legal working age. Furthermore, we will not tolerate forcedlabor or child labor in any way.

．

2-5

Avoidance of complicity in human rights abuses

Directly or indirectly, we will not be complicit in human rights abuse.

-6-

CSR Policy and Code of Conduct

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

3. Conservation and Improvement of Adequate Working Environment．

3-1Conservation and improvement of safety and health in working environments

We will maintain and improve working environments from the perspective of health and safety in accordance withlaws and regulations of each country or region in which we operate.

．

3-2

Ensuring appropriate working hours, securing minimum wages and prohibiting unreasonablewage reduction(1) We will provide management in order to maintain appropriate working hours and will make every effort to take measures toprevent mental and physical health disorders caused by overwork.
(2) We ensure that the salaries we pay are over the minimum wage of each country or region in which we operate, and that
there will be no unreasonable reduction.

．

3-3

Mid to long-term human resources development and appropriate ability assessment

We will make every effort to proactively support career development in accordance with each employee's abilities
and aptitudes. Performance of each employee will be assessed adequately.

．

3-4

Respect for individual work-life balance

We will make every effort to respect diverse working styles, so as to ensure work-life balance and to maintainphysical and mental health of employees.

．

3-5

Offer of equal employment and working opportunities

We will offer equal opportunities in recruitment and promotion, as well as forbid any arbitrary or discriminatory
treatments.

4. Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services．

4-1

Focus on safety and quality

We will address to prioritize safety and quality throughout our business. For this purpose, we will strive to provide
safe products and services to maintain and improve satisfied quality for customers, through all our businessactivities which are research & development, design, procurement, production, sales and after-sales service.

．

4-2

Making safety Information accessible

We clarify Safety Information on our products and services. Safety Information includes Instruction manuals
supplied with products, Labelling of products, Web portal communication, etc. We will make Safety Information
accessible for customers as well as for any other stakeholders involved in commercialization of our products andservices.

．

4-3

Solutions in case of product accidents

We address to prevent spin-off effects on the extent of damages of accidents as well as swiftly react in case aserious accident occurs on our product or service. And also, we investigate and collate the relative facts, research of
causalities, make a necessary report on these inside and outside our company group, and then we disclose
information so as to take preventive steps.

-7-

CSR Policy and Code of Conduct

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

5. Global Environmental Conservation．

5-1

Promoting environmental protection(1) We will evaluate environmental impact resulting from our business activities, products and services; strive for environmental
protection (including prevention of pollution) through energy saving, greenhouse gas reduction, efficient use of raw materials
and water as well as waste reduction and recycling; and aim to increase our environmental performance through continuous
improvement of these aspects.
(2) We will address to reduce the environmental burden resulting from the activities conducted at each stage of the life cycle ofproducts and services, from acquisition of raw materials, development and design/conception, production, transportation,use, until end-of-life treatment and final disposal.
(3) We will satisfy environmental needs corresponding to comply with environmental laws and regulations. In addition, if
necessary, we address to develop our environmental risk management with operational control by voluntary management
standards and for preventing accidents likely to lead to environmental pollution.

．

5-2

Providing environmentally conscious products

We will contribute to the environmentally conscious society through the provision of products and services
corresponding to the environmental requirements.

6. Building Better Relationships with Local Communities．

6-1

Contribution to the sustainable development of communities

We recognize that we are member of the community and we aim to work together in cooperation with the local
community which is our foundation. We will respect local culture and customs.

．

6-2

Adoption of local human resources

We will actively adopt local human resources in the business activities of our overseas affiliates and contribute to
the development of local communities through our business activities.

7. Ensuring Social Responsibility within Our Supply Chain．

7-1

Responsible procurement promotion

We will share responsible procurement guideline among our suppliers, then address to promote Responsible
Procurement upon interactive cooperation, aiming to ensure our social responsibilities across overall supply chain.
Date : May 1, 2017
GS Yuasa Corporation

President-8-

Osamu Murao

CSR Policy and Code of Conduct

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

CSR Promotion Framework

Our CSR management, in which we seek to contribute to a sustainable society and ensure long-termcommerce,
forms an integral part of our aim to realize our corporate philosophy.

GS Yuasa Group's CSR"Innovation and Growth", our corporate philosophy, is the basis of the GS Yuasa Group's CSR. By developing new technologies andreforming our business processes without being bound by convention, we aim to generate innovation and, as a result, drive
sustainable growth by expanding earnings and contributing to people, society, and the global environment. This is the basis of our
CSR. Furthermore, by responding swiftly through our business to global social issues and the needs and expectations of interested
parties, we aim to become a company in which society places long-term trust and hopes for us to remain a presence into the future.

See details of GS Yuasa's philosophy and Management vision (https://www.gs-yuasa.com/en/company/philosophy.php)

CSR Promotion Framework

Our Group has established an organizational framework to promote CSR through our

CSR Promotion Frameworkbusiness and to make continuous improvements. In order to supervise the CSR
activities of the entire Group, we have designated the company President as the chiefcommanding officer for the promotion of CSR and set up the post of officer in charge of
CSR, who is appointed by and works directly under the president. In addition, the CSR
Committee, which is chaired by the officer in charge of CSR and comprises persons
responsible for CSR in business divisions, Group companies, etc. as members,
discusses, promotes and plans CSR activities throughout the Group as a whole.
Important matters concerning CSR promotion (including CSR policies and key CSR
issues) discussed at CSR Committee meetings are communicated Group-wide
following the resolution of the Board of Directors.

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CSR Promotion Framework

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

CSR Promotion Process

Our Group aims to enhance corporate value and stakeholder satisfaction by implementing a CSR promotion process that is based on our
corporate philosophy which reflects the Group's enduring corporate values.

We have formulated management and CSR policies to serve as evaluation criteria for decision-making to facilitate realization of ourcorporate philosophy. Regarding the major areas of CSR policy, we have compiled the CSR Code of Conduct, which clarifies the specificdirection of CSR activities, and individual policies clarifying concrete behavioral standards in CSR activities.

Our business strategy process incorporates planning designed to realize CSR policy. Corporate planning is formulated to ensure socialand corporate Group economic growth and sustainability which fulfills stakeholder needs and expectations while addressing social
issues. Achieving this planning requires application of multiple management systems based on existing business processes.
Performance of operational processes relies on reevaluation by the CSR Committee, chaired by the officer in charge of CSR, with
continuous improvements as necessary.

Meanwhile, our CSR Manual, detailing the Group's CSR Policy, is distributed to each employee to ensure Company-wide CSR
promotion. Behavioral standards underpinning the CSR Policy are clarified for employees in Q&A sections and columns covering key
topics, along with a checklist for employee self-assessment of behavioral conformity with CSR Policy. The CSR Manual is translated into
6 languages for use among local-hire employees in our overseas Group companies to ensure full comprehension of Group policy. Our
goal is to promote CSR directionality and to implement CSR through our business activities based on a common understanding of CSR
shared by all Group employees in Japan and overseas.

Overview of CSR Promotion Process- 10 -CSR Promotion Framework

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

TOPICS

CSR Promotion Activities at Overseas Group Companies

We actively conduct CSR education at overseas sites to encourage overseas Group companies to undertake effective CSR
measures.

We periodically distribute an e-mail newsletter (the CSR e-mail newsletter) with easy-to-understand explanations of basic
CSR terminology and Group CSR policies. At overseas Group companies, the CSR e-mail newsletter is translated into six
languages that local employees can understand and use for CSR training provided to all employees.

In addition, each overseas Group company has established training programs in accordance with the local conditions andprovides CSR-related education to their employees.

Examples of CSR training at overseas group companies
Company name

AbbreviatednameCountry

Contents

Implementing e-learning education on human rights issues (including
Century Yuasa
Batteries Pty Ltd.

CYBA

Australia

discrimination, bullying, and sexual harassment) (Confirming theextent of employee comprehension through quiz formats using casestudies)

GS Battery Taiwan
Co., Ltd.

PT. Yuasa Battery
Indonesia

GS Yuasa Asia
Technical Center Ltd.

Holding kick-off study sessions for CSR Promotion Initiatives (such
GSTW

Taiwanas formulating CSR Policy and drawing plans for responding to CSR
issues)YBID

Indonesia

GYAT

ThailandDistribution of the CSR Guidebook with CSR Policy among otherthings in local languages to all employees
Regular distribution to all employees of the reader-friendly CSR
Newsletter with explanations of CSR and introduction of examples of
CSR activities at companies in Thailand

Example image of e-learning

A look at kick-off study session

education (CYBA)(GSTW)CSR Guidebook (YBID)CSR Newsletter (GYAT)- 11 -CSR Promotion Framework

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Materiality

Incorporating Materiality (Key CSR Issues) into Group Business Strategy

To reflect CSR issues in our business strategy, the GS Yuasa Group analyzes and assesses the impact on business and the impactof our business on society and then clarifies the Group's materiality for items that need to be addressed. Regarding the specified
materiality, as necessary we have set targets relating to our business strategy and, to achieve those targets, have formulated
concrete activity plans and key performance indicators (KPIs) to gauge progress in achieving the goals.

Materiality is periodically revised by the GS Yuasa Group CSR Committee in accordance with evolving stakeholder
needs/expectations and social issues. When incorporating materiality into business strategy, the CSR Committee formulates plansthat will lead to enhanced stakeholder satisfaction through the strengthening of our corporate infrastructure and enhancement ofcorporate value.

The GS Yuasa Group aims for enhanced management of financial and non-financial operations, as well as for sustainable corporate
and social growth through execution of business processes that incorporate materiality in the Mid-Term Management Plan.

Overview of CSR issues impacting sustainable growth in our Fifth Mid-Term Management Plan
CategoryTopic

CSR Issues Relating to Sustainable Growth

Details of Main Plans and Targets

Group-wide CO2 emission reduction
Development and global sales oftarget: 6%/3 years

sustainability

environmental considerations productsGroup-wide water use reduction target:of the global

Reduction of environmental burden of

8%/3 years

business activities

Ratio of environmental considerations

Contribute toEenvironment

products to overall sales: 35%
Respect for human rights

Respect forhumanSrights andcontribution
to society

Enhancement of productivity and motivation

Enhance human rights education and humanthrough human resources development

rights risk management

Enhancement of work environments andNurture autonomous-minded human resources

occupational health and safety

and establish groundwork for utilizing diverse

Products and information sharing that ishuman resources

reassuring to consumers

Promote measures to improve work-life

Contribution to the addressing of societal

balanceissues with responsible procurement andAchieve group-wide quality improvement

reduction of procurement risks

Promotion offair,Gtransparent,
and swiftgroup-wide
governance

Respect for international norms andPromote compliance education, preparation ofcompliance with laws of respective countries

legal information

Protection of intellectual property

Contribute to elimination of counterfeit goods

Thorough management of confidential

and bolster patent infringement prevention

information

activities

Swift and appropriate management decision-

Management that is mindful of the corporate

makinggovernance code

*CSR issues relating to sustainable growth are categorized as E (environment), S (social) or G (governance).

- 12 -

Materiality

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Materiality Specification Process

Step 1: Identify risk and opportunity in CSR

For key challenges in the Mid-Term Management Plan, we identify risk in CSR (that hinders the resolution of these issues) andopportunity in CSR (that promotes the resolution of the issues). When identifying these risks and opportunities, our actions are basedon international guidelines related to CSR.

Step 2: Specify significant risk and opportunity in CSR

We evaluate and assign a score to the scale of the CSR risk and opportunity identified in Step 1

Matrix of key CSR domains

in consideration of the impact on business (possibility of occurrence x scale of impact on
business), which enables us to specify risks and opportunities as key business challenges. Next,
we evaluate the impact of our Group's business activities on society relative to these corebusiness risks and opportunities based on the number of related CSR themes and social
importance. We then specify risks and opportunities that will be key CSR domains.

Step 3: Determine materiality

We order the core CSR risks and opportunities evaluated in Step 2 and then determine materiality in consideration of the response
method to the risks and opportunities. In order to ensure the appropriateness of materiality, where necessary we also incorporate
feedback from stakeholders through dialogue with outside experts.

Materiality and Response Plan

A summary of the Group's materiality response plans and the impact of these plans on society and business are presented in thefollowing table.

With respect to materiality shown in the table, we will conduct operation and management based on the measurable target management
and management criteria, make ongoing improvements and perform effective maintenance and management. The details of theformulated plans will be reviewed and revised as necessary according to the status of changing circumstances and other factors.

When carrying out the Mid-Term Management Plan, the first year of which is fiscal 2019, we formulated new materiality response plansto address CSR issues relating to sustainable growth under the relevant plan. After summarizing the fiscal 2018 materiality responseplans and reviewing the materiality, we established materiality response plans for fiscal 2019 and later. In these plans, we not only
establish KPIs and target values to manage the impact of CSR issues on society, but also assess the status of achievement of the plans
using financial indicators to ascertain the impact on business.

- 13 -

Materiality

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Summary of Materiality Response Plans (fiscal 2019–2022)
KPI

Scope ofMateriality

Activity outline
application*(key performance

Impact on Society

Impact on Businessindicator)(1) Number of times
complianceeducation
information
disseminatedDomestic

annually(2) Number ofThoroughly
fulfilling our
CSR andensuring
compliancesignificant
Provision of legal
information andpromotion ofcompliance

Maintenance of a

Avoidance of

violations

sound and well-financial losses fromordered society

compliance violations

compliance training(1) Achievement ratioof compliancetraining plan

Overseas(2) Achievement ratioof significant
complianceviolation risk
response plan

Avoidance ofThorough avoidance of
infringement third-party

rights, promotion of theRespect andprotection for
intellectual

financial losses

Achievement ratio ofintellectual property
Domesticuse of company

patent acquisition plansfrom infringementin the ASEAN regionof otherand China

intellectual property
rightsproperty

Maintenance of apatentsorder in society

Prevention of lost

Achievement ratio of
Promotion of theenforcement against

sales in the future

response plan toOverseas

infringement products

companies'

fair competitive

due to sales ofintellectual property

counterfeit

infringement (imitation

products

products)
Cyberattack response
Promotion of security

Globalmeasures andStrictstrengthening of illegal

management/inappropriate accessof confidential

monitoring

ratio at time ofdetecting high security
alertsDomestic

information

Information leakAchieve a safe andconfirmation andsecure information

response ratio at timesocietyof large data output
Promotion of
information security
training

Avoidance offinancial losses fromleaks of confidential
information

Ratio of employees
Domestic

passing information
security proficiency test

- 14 -

Materiality

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

KPI

Scope ofMateriality

Activity outline
application*(key performance

Impact on Society

Impact on Businessindicator)
Achievement ratio ofDomestic

human rights training
plan

Respect forindividuality

Raise awarenessPromotion of human(1) Achievement ratio

rights education andof harassment

thorough publicity ofeducation planinternal whistleblower
systemOverseas

concerning
respect forhuman rights
Provide equal(2) Introduction ratio of
harassment

Avoidance offinancial losses fromhuman rights
violations

access to
judiciarywhistleblower
systemAcquisition ofshareholders'equity inconjunction with
(1) Ratio of women inhigher externalmanagement

assessment of

positions
Women'sempowerment

Domestic(2) Ratio of womenamong newgraduates recruited

Respect for
Diversity

Promotion of

measuresparticipation byregardingwomen in decision-

women's

makingempowerment

for career-track

Securing labor

positionscapacity byincreasing theretention rate forfemaleemployees

Avoidance offinancial losses in
conjunction with

Promotion of theemployment of persons

Domestic

with disabilities

Employment rate ofPromotion of full

failing to satisfy the

persons with disabilities

employment

statutory standard forthe employment ratioof persons withdisabilities

Reinforcement of(1) Achievement ratioorganizationalof training plan forcapabilities

development ofthrough theautonomousDomestic
Human

Promotion of humanresources

resource development

development

programs

utilization of theminded humanresources(2) Achievement ratioof worksite
education plan

diversePromotion of skill

individuality ofdevelopment for

employees

young people

Avoidance ofhuman resource
losses throughseparation

Achievement ratio ofOverseas

global humanresources education

Enhancement of
human resource
performanceplan- 15 -

Materiality

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

KPI

Scope ofMateriality

Activity outline
application*(key performance

Impact on Society

Impact on Businessindicator)(1) Response ratio toprevent therecurrence of long
working hours(2) Annual frequencyof labormanagement
Promotion of thethorough management

Domestic

consultations
relating to workingof employees' working

hours

hours and prevention of
the recurrence of long(3) Operational

working hours

achievement ratio

Enhancementof work
environments
andRealization offinancial losses

number of days ofrewardingfrom occupational

paid leave taken

workplaces

accidents

annually

Prevention of

Avoidance of

health damage

financial losses

working hours

Promotion of

from work inmanagement standards

safe and secureexcess ofworking

statutory working

environment

hours and failure

Achievement ratio of

occupational

Overseas

health andAvoidance ofof standard forsafety(1) Number of serious
occupational

to use paid leave

accidents(2) Missed work
frequency ratio
Promotion of

Globaloccupational health(3) Number of workers
not meetingand safety riskinternal blood leadmanagement

concentration
management
standards

Number of worksites in
Domestic

work management
category III

Promotion of quality
improvement andstrengthening of quality

Achievement ratio of
Globalcommunication

Improvement intargets for claims andenergy efficiency

in-process defects

Responses tonatural resource
depletion

Provision ofhigh-quality
products

Strengthening ofmaintenance service

Domestic

setup

Achievement ratio of

Reduce waste

operational

generation

management standards
for productmaintenance service
systems

Promotion ofsustainableurbanization
Development ofa safe andPromotion of productsafety education

GlobalNumber of serious
product accidents- 16 -

secure society

Reduction offinancial losses
from quality
defects
Increased profits
in conjunction
with a stronger
replacementbusiness
Avoidance offinancial losses
from theoccurrence of
product accidents

Materiality

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

KPI

Scope ofMateriality

Activity outline
application

Promotion of effective
use of water resources(key performance*

Ratio of reduction of
GlobalImpact on Society

water use (comparedwith FY 2018)

Elimination ofwater shortage
problems
Improvement inContribution torealization of low-

Globalcarbon society

Ratio of reduction ofenergy efficiency

CO2 emissions

and resource(compared with FY

efficiency

2018)

Promotingenvironmental

Climate change
mitigation

protection
Prevention ofenvironmental pollution

Number of major
GlobalPrevention ofenvironmental

water pollution

accidents

and air pollution
Reduction ofnatural resource

Improvement in ratio ofRatio of recycled leaduse of recycledused as lead raw

materials in products

Globalprovided to markets

Impact on Businessindicator)

materials in lead-acidbatteries

consumption
Reducing waste
generation

Avoidance ofloss of sales
opportunities
due to delayed
responses toissuesconcerning
water security,
carbonneutrality, and arecyclingoriented society
Avoidance offinancial losses
from theoccurrence ofenvironmental
accidents

Avoidance ofloss of sales
opportunities
from delayed

Improvement in
Developing andpopularizing
environmentallyconsidered
products

Expansion of market

Percentage offor GS Yuasa products
contained in products
contributing to theenvironmentally
Globalcurbing of global

Reduction of

considered products innatural resource

total sales of all

consumption

products

warmingenergy efficiency

Climate change
mitigation

responses toissuesconcerning a
recyclingoriented society
Increased
profits fromexpanded salesofenvironmentallyconsidered
products

Realization ofsustainable
Responses to
responsible mineral

Achievement ratio of
Globalprocurement

responsible mineralsurvey plan

supply chain
Abolition offorced labor andchild labor

Responsible

Avoidance offinancial losses

procurement

Reduction of

from occurrence ofpromotion

deaths due tosupply chain CSR

violence
Management of supply
chain CSR risks

Achievement ratio of
Globalsupplier CSR issues
improvement planrisks

Eradication of all
forms of violence
and torture
against children*The scope of application may not cover all Group companies.
Refer to page 99 for detailed information concerning materiality response plans- 17 -

Materiality

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Developing Fair, Transparent, and Sound Business, and Anti-Corruption

To gain the trust of society, we emphasize appropriate earnings through highly ethical conduct.

Compliance with Laws, etc.

Basic Philosophy on Promoting Compliance

By training our personnel according to our philosophy of innovation and growth while manifesting our commitment to society andpreserving the global environment, we are ensuring that all employees are guided in their behavior focusing on compliance with laws,
company regulations and ethical standards.

The Compliance Declaration made by the President states that success must never be achieved through legal and moral
infringements and that "establishing rules and structure" and "developing a strong sense of commitment to realize compliance" areessential to becoming a corporate leader in compliance. Based on these guidelines, multifaceted compliance promotion activities aredeveloped at every employee level, and each employee is encouraged to incorporate self-directed and proactive actions to yield an
effective improvement in compliance awareness.

Permeation of Compliance Awareness

The CSR Manual which delineates rules for adherence by every corporate Group member is distributed to all employees to facilitate
permeation of compliance awareness.

The manual clarifies Group CSR policy and outlines behavioral standards which each employee must follow during business activities.
To facilitate its usage as a tool for employees in gauging behavioral standards, the manual delineates following items:

Concrete examples of compliance operations and the occurrence of compliance risks (explanations using a question and answer
format and columns)
Diagnostic checklist to help employees assess their own adherence to corporate behavioral standards.

The manual further details how to use the internal whistleblower system for simple risk detection and introduces an emergency
contact system for use in a crisis to realize quick responses to compliance infringements.

Workplace Meetings on CSR

Workplace meetings on compliance were initiated in fiscal 2012 as a means of allowing compliance awareness to permeate to eachand every employee and have been conducted for ten consecutive years through till 2021.

Transitioning into "workplace meetings on CSR" from fiscal 2018, these meetings introduced topics aligned with CSR policy, and are
now being expanded to 21 Group companies within Japan in addition to the 380 GS Yuasa workplaces. The educational materials
used in the meetings have been made by the division in charge for each topic and include content related to the circumstances of theGroup. Vigorous debates took place at many of the meetings held in fiscal 2021, and 96% of the workplaces rated them as
meaningful. We intend to continue running these meetings and upgrading the content to ensure that it is both up-to-date andeducational.

- 18 -Developing Fair, Transparent, and Sound Business, and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Examples of themes of CSR workplace meetings
Corporate philosophy
CSR Policy and Code of Conduct
Diversity
Preventing intentional wrongdoing
Handling confidential information
Subcontracting laws
Personal information protection
Security trade controlsIntellectual property
Respect for human rights
Sexual/power harassment
Management of working hours
Occupational health and safety
Product safety
Specific facility reports
Global warming and corporate responsibility
Promotion of supply-chain CSR activities

GS Yuasa Group Corporate Ethics Hotline

Number of reports to the GS Yuasa Group corporate
ethics hotline

We established GS Yuasa Group corporate ethics hotline
regulations and set up a corporate ethics hotline. Accessible
both internally and externally, the hotline enables employees,

FY

Number of reports

temporary workers, suppliers and others to provide information

2017

6

2018

10

2019

7

2020

4

2021

8

anonymously if they become aware of behavior by a Group
employee that violates the law or company regulations or isunethical or otherwise inappropriate or any matter that is at
risk of becoming a violation. In addition, we ensure that
information identifying whistleblowers managed rigorously andthat whistleblowers are protected so that they are not subject
to disadvantageous treatment as a result of making a report.

In fiscal 2021, we received eight reports relating to harassmentand other matters. We conduct inquiries and take appropriate
action, on these matters, while remaining committed toprotecting whistleblowers.

Elimination of Antisocial Forces

The GS Yuasa Group clearly disavows contact "with personnel or organizations of organized crime" in our CSR Policy, while our CSR
Code of Conduct similarly stipulates "separation from organized crime," stating a specific policy that, "we will not provide any form ofbenefit in excess of the normal shareholder's right to any person or company associated with organized crime" and "we will cut off
business or any other relationships with individuals and organizations having an indication of support for organized crime." This policy
and the Code of Conduct have been shared with all Group employees.

- 19 -Developing Fair, Transparent, and Sound Business, and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Information Security

Efforts to Ensure Information Security

Our Group places importance on global efforts to ensure information security. In addition to preventing malware infection of endpoints
including PCs, we are strengthening our countermeasures by introducing tools that can quickly detect and respond if infection or
intrusion is allowed to occur. In addition, through the regular monitoring of communications by an outside security service, theintroduction of an illegal connection detection system and other measures, we endeavor to prevent illegal access to our in-housenetwork and forestall damage. We promote awareness-raising activities so that our employees follow our "procedures for the
management of information system usage." To prevent the outflow of confidential information, we conduct the encryption of personal
computer data taken outside the company, the distribution of an information security handbook, the implementation of e-learning, andso on. Furthermore, based on domestic security standards, we conduct surveys of security measures in overseas Group companies
and give guidance to address vulnerabilities.

Intellectual Property

Intellectual property strategy

The Group's intellectual property activities are based on the PDCA cycle of identifying patent strength, identifying and avoiding risks,
and acquiring rights with an awareness of how to link these activities to the growth of GS Yuasa's business. We reinforced these
activities during the period from the Fifth to Sixth Mid-Term Management Plans with emphasis on the following three points.

❶Transformation to strategic business
Using the landscape method, we analyze the patents of the Company and other companies, share information on technology trends
with development and business divisions, and investigate countermeasures.

❷Division-oriented IP creation and clearance activities
Through personnel exchanges with business divisions and regular intellectual property meetings with development and businessdivisions, we are building a strategic patent network for promising technologies. In addition, we quickly identify intellectual property
rights of other companies that may be an obstacle to our business and take advance measures to avoid them.

❸Elimination of overseas competition
With regard to competition in China and ASEAN countries in particular, we conduct dismantling studies on information regarding theacquisition of patents by competitors and their products in order to secure interests in them. We also actively acquire and utilize
rights.

- 20 -Developing Fair, Transparent, and Sound Business, and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Image of the Group's intellectual property activities

Communication with management
At the beginning of each fiscal year, we hold a business policy meeting to discuss activity policies with management as well as
quarterly management meetings to report on these policies, new issues, and the status of disputes.

Issues investigated (partial list)
Information on the patents of the Company and other companies relating to all-solid-state batteries
Synergies with the patents of GS Yuasa Infrastructure Systems Co., Ltd.

Intellectual property creation activities
The Group conducts meetings on inventions policy with the aim of sharing information with the development division on importantinvention themes for the current fiscal year. It also ascertains which themes need to be addressed, establishes suitablemechanisms for building patent networks, and then prepares invention plans accordingly. Plan progress is reviewed, revisions are
made at regular meetings, and measures are taken to achieve targets. In addition, to enhance the incentives for invention, we havean annual award system that encourages inventions throughout the Company including the Outstanding Invention Award for thepatent that has contributed the most to business and the Best Inventor Award for those who have created inventions that are
outstanding both in quality and quantity. In recent years, we have been focusing on promoting service-related patent applications toprotect and utilize new businesses that make use of AI and IoT from the perspective of patents.

Global activities
In addition to applying for foreign patents for most domestic patent applications, the Group is also focusing on business defense
through patent rights in order to curb competition from emerging companies overseas. In the area of trademarks, the Group has
been curbing counterfeiters in China, ASEAN countries, and other countries by exposing them and suing for injunctive relief andhas publicized major results on its own websites and the websites of overseas affiliates to curtail them.

Number of patent applications and patents held (FY2021)
Items

Domestic

Overseas

Total

Number of patent applications

310

156

466

Number of patents held

1,945

1,781

3,726

- 21 -Developing Fair, Transparent, and Sound Business, and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Transparent Information Disclosure

Good Communication with Society

We believe that for the GS Yuasa Group to achieve sustainable growth and increase corporate value, it is necessary that weundertake business activities while gaining understanding through positive dialogue with various stakeholders.

In recent years, the asset investment of shareholders and investors has become increasingly diversified and strong interest in theenvironmental initiatives and stakeholder relationships of investment targets has developed. The GS Yuasa Group appropriately
discloses not just financial information, but also material information relating to sustainability and works to enhance the transparencyof management.

Through our disclosures on this CSR website, we seek to deepen mutual understanding and build trusting relationships throughcommunications with a wide range of stakeholders by publicly disclosing accurate, understandable, and highly useful information
regarding the Group's material impacts on society and the environment.

Communication with stakeholders

We endeavors to communicate with shareholders, investors, and other stakeholders through various channels.

As investor relations activities, in addition to quarterly financial results briefings for institutional investors and analysts, we regularly
hold individual interviews, conferences sponsored by securities companies, briefings for individual investors, and other events.
Furthermore, we make use of investor relations sites to actively transmit information.

In addition, as a means of disseminating information internally, the director responsible for investor relations provides video
presentations of financial results to managers on a half-year basis and regularly publishes and investor relations column on the PR
portal site.

In the future, we plan to use in-house training programs to disseminate investor relations information. We endeavor to regularly shareopinions obtained through these activities with management including the Board of Directors and reflect them in our management andbusiness activities.

Record of main IR activities (FY2021)
TargetShareholders

Activity content
Shareholders' Meeting

Frequency

Remarks

Once
Audio data (Japanese only) for the first and third
quarters is available on the shareholder and

Financial result briefing

4 timesinvestor information site Video clips (Japaneseand English versions) for the second and fourth
quarters are posted on the shareholder andinvestor information site

Japan:143
Institutional investors andanalysts

Specific interviews

times
Overseas: 28
times

Conferences

3 times

Small meetings

13 times

Technology small
meetings

Individual investors

Briefing for individual
investors

Held jointly with research and development
Once

departments regarding initiatives on all-solid-statebatteries
Held online with video and briefing materials

3 timesposted on the shareholder and investor
information site

- 22 -Developing Fair, Transparent, and Sound Business, and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Risk Management

Basic Approach

The GS Yuasa Group believes that risk management is essential for the lasting growth of the company. As our basic approach, theGroup thinks that the following two points are important so that crises stemming from the escalation of risks do not exert a serious
impact on the Group or on society. First, by predicting and understanding risks and adopting appropriate preliminary measures, theescalation of risks (outbreak of crises) can be prevented. Second, effective measures can be taken beforehand so that even if a crisis
does occur, the loss is kept to a minimum. Based on this approach, to properly promote risk management, our Group has formulated
risk management rules that stipulate the responsibilities of employees and our risk management promotion setup.

The structure and functions of risk management

Risk Management under the Group Risk Management Committee

The Group Risk Management Committee, headed by the president and consisting of the chairs of departmental Risk Management
Committees, holds semiannual meetings to promote group-wide risk management and to encourage the sharing of key information
related to risk management. In addition to making decisions on measures to promote risk management, the Risk Management
Committee confirms that the appropriate risk management measures have been implemented, and the committee chairs report on
progress in this area. We also actively exchange opinions and share information on the different styles of risk management and so on.

Risk Management Based on Risk Management Sheets

In accordance with the risk management rules, each department assesses risk using a risk management sheet. The following is an
outline of these activities:

Step 1: Identification of risks by departments and employees
Step 2: Determination of risks that need to be intensively managed through risk management activities and determination of preventive
measures
Step 3: Monthly confirmation by each department of the status of implementation of related measures

The department also fills in the details of any critical events that occurred, measures are taken for early resolution and normalizationof operations and efforts are made to strengthen management by identifying root causes, implementing and expanding preventive
measures, and confirming their status each month using a risk management sheet.

The risk management sheets produced by the departments are compiled at the divisional level with the director in charge of thedivision verifying and assessing the status of response through the Risk Management Committee. The deliberations by thecommittees are summarized and then fed back to each department as required, to enhance the effectiveness of risk management.

- 23 -Developing Fair, Transparent, and Sound Business, and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

System for Dealing with Crises

To prepare for the possibility that a risk materializes, we have established a system that includes an emergency contact network toswiftly implement crisis management. If a serious crisis occurs, members from the Group Risk Management Committee will be
appointed to organize a crisis management headquarters, under the president, to minimize corporate losses, and an effective
response will be implemented swiftly and with appropriate care.

Refer here for a summary of the Group's corporate governance. (https://www.gs-yuasa.com/en/ir/governance.php)- 24 -Developing Fair, Transparent, and Sound Business, and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Respect for Human Rights

The GS Yuasa Group believes that the rights of all people must be respected in order to realize ourphilosophy of contributing to people, society and the global environment.

Management That Takes Human Rights into Consideration

Fundamental Approach to Respect for Human Rights

Respect for human rights is a cornerstone of the GS Yuasa Group's business activities, and we are cognizant that preventing theoccurrence of human rights violations in Group decision-making and activities is a key element of management. Moreover, we
conduct business on a global scale, and for this reason, we believe that proper management of human rights issues is crucial not justfor GS Yuasa and its Group companies, but also in our relationships with domestic and overseas suppliers and other business
partners.

Legal systems relating to human rights have been established in Japan and other countries in recent years, and corporate measures
regarding human rights issues has become a matter of considerable stakeholder interest. The Group's fundamental approach
regarding respect for human rights is expressed in the president's policy (CSR Policy), which is the foundation for the CSR activities ofthe entire group, and we make employees aware of this policy. In addition, we undertake human rights risk management byconducting human rights due diligence in accordance with the Guiding Principles on Business and Human Rights, international norms
on human rights.

Policy on Respect for Human Rights (excerpted from the CSR Policy)
2. Respect for Human Rights

GS Yuasa will respect all human rights and fundamental labor rights, and will not tolerate any forced labor or child labor.

Identification of Human Rights Issues

The GS Yuasa Group identifies human rights issues that pose human rights risk in collaboration with outside experts so that we canconduct proper management of those risks (the risks of direct and indirect human rights violations arising from business activities).
When identifying human rights risk, we take the following into consideration.

Human rights issues that require management by a manufacturing business that is active on a global scale
Setting the scope of application to persons subject to impact on human rights throughout the value chain (not limited to employees,
but also including supplier workers, local residents, customers, users, and others)
Complicity in human rights violations that occur in the supply chain (contributing to human rights violations)
Examples of human rights risks that have occurred in other companies- 25 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Human rights issues that may be impacted by our Group business activities
Persons impacted by human rights
Human rights issues
Suppliers

Employees

●

●

●

●

Long working hours●●

Inadequate compensation for labor●●

Unsafe and unhealthy work environments●●

Refusal to engage in collective bargaining●●

Discrimination●●

Inhumane conduct (harassment, etc.)●●

Human rights violations in the mineral supply chain●

Forced laborChild labor and dangerous work that puts young
workers at risk

Indirect human rights violations resulting from QCD
priority procurement

Local

Customers,

Local

residents

users

communities●●

Privacy violations●●

Harm to health due to product accidents●

Harm to health due to environmental pollution
Destruction of living environments from resource●

exploitation
Destruction of living environments in conjunction●

with commencement of facility operation
Violation of the rights of residents in conjunction●

with business development
Inadequate compensation in conjunction with●workforce restructuring●

Discriminatory expression in corporate advertising

Improvement of Priority Human Rights Issues

The GS Yuasa Group conducts risk assessments regarding human rights issues and determines priority issues to be addressed. We
use human rights risk response checklists that enable us to determine the status of responses to human rights issues and theoccurrence of human rights risk and assess the degree of impact on human rights. We assess risk that originates not from businessbut from people from the perspective of whose rights and which rights will be negatively impacted from Group business activities. We
address priority human rights issues by taking human rights risk countermeasures integrated into existing business processes.

To undertake human rights risk management in the supply chain, we administer a questionnaire survey of suppliers to confirm thestatus of their responses regarding human rights issues, and when necessary, request that suppliers take human rights risk
countermeasures. We collaborate with a variety of stakeholders in the mineral supply chain and undertake activities to avoid being
complicit in human rights violations in mineral procurement.

A summary of the human rights issues to be addressed as priorities by the main Group business company (GS Yuasa internationalLtd.) is set forth below. We plan to expand this process to domestic and overseas Group subsidiaries in the future.

- 26 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Priority human rights issues (GS Yuasa international Ltd.)
Priority human rights

Persons impacted

Human rights risk

issuesby human rights

Unsafe and unhealthy

Risk that workers are unable to work in a healthy manner due to inappropriate

work environments

occupational health and safety management

Harm to health due to

Risk of harm to the lives and health of local residents due to atmosphericenvironmental pollution

pollution or water contamination resulting from business activities

Employees

Local residents

Grievance Mechanisms for Human Rights Violations

The GS Yuasa Group works to prevent and minimize negative impact on human rights throughout the value chain and has
established a mechanism (the GS Yuasa Group corporate ethics hotline) to provide remedies to persons who have been negatively
impacted.

We have established internal and external whistleblower systems that employees (including the employees of suppliers) who face arisk of human rights violations from business activities can directly consult or report on negative human rights impacts. If information
concerning a possible violation of human rights is received, we promptly analyze the validity of that information and take appropriate
remedial action based on the results of the analysis in order to prevent any expansion of human rights risk over the course of time.

Refer to page 19 for the GS Yuasa Group corporate ethics hotline

Promoting Human Rights Education

The GS Yuasa Group conducts employee education to implement business activities with respect for human rights.

The following enlightenment and education initiatives help employees to grasp various human rights issues and the importance ofbusiness activities keyed to human rights. When necessary, personnel participate in human rights management training sessions,nurturing and expanding knowledge vital in properly recognizing and evaluating human rights risks and their negative effects.

Human rights respect education
Worksite training (meetings, discussions) in respect for human rights and avoiding harassment
Distribution of booklets and internal e-mail newsletters designed to increase respect for human rights
Distribution of our Group CSR policy manuals
Human rights risk explanatory meetings targeting overseas site managers

Worksite Training on Respect for Human Rights and Harassment (Fiscal 2021)
WorksiteCompany

Number of Worksites

Implementation Rate(%)

Average implementation time(hours)GS Yuasa International Ltd.

388

100

2.4

Group companies in Japan

168

100

2.9

Total

556

100

2.6

*Implemented for all GS Yuasa International Ltd. employees- 27 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

TOPICSWorksite Training on Diversity

GS Yuasa International continuously conducts human rights education in the form of meetings for all employees. In fiscal
2021, we set "diversity (respect for diversity)" as an essential theme. Through discussions based on case studies in theworkplace, we have strived to enhance awareness of the importance of respecting diversity and about unconscious bias
(prejudices that one unconsciously holds due to past experiences, knowledge, and beliefs, among other things). In the future
too, we are committed to promoting the creation of a culture that respects the diversity of all individuals so as to enable all
employees to make the most of their multifarious values, experiences, knowledge, and abilities.

Prohibition of Discrimination and Respect for Diversity

Providing Fair Selection and Opportunity

The GS Yuasa Group promotes fair employee selection, evaluation and training based on ability and performance. We prohibit
discrimination in recruitment, personnel assessment and other employee circumstances. Also, we respect diversity irrespective ofrace, gender, sexuality, nationality, place of birth, disability, religion or political opinion.

Respect for Labor Rights

Creating a Pleasant Workplace through Labor and Management Working as One

The GS Yuasa Group companies in Japan promote a pleasant workplace through labor and management working as one. GS Yuasa
International Ltd. has adopted a "union shop system" and as a general rule all regular employees, aside from management, aremembers of the labor union (the rate of labor union membership is 100%, with the ratio of employees subject to collective bargaining
being 79%). Furthermore, we are pursuing business based on mutual understanding achieved through labor union recommendations
and active discussion on management policies of the Group companies in Japan, including working conditions and benefit programsfor employees. In cases where an employee is transferred, the new workplace and details of the work are explained to the employee
at least one month before the transfer order is issued. With regard to transfers of labor union members, the labor union confirms withthe employee whether the transfer is unreasonable, and labor and management work together to create an organization where
employees are convinced regarding the appropriateness of transfers and are provided opportunities for growth. Through such labormanagement relations, we will continue to ensure the objectivity and transparency of company management and increase theeffectiveness of our various initiatives.

- 28 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Labor-Management Consultative Structure on Labor Rights (Domestic Group Companies)
Name of Labor-management

Meeting

consultative bodyfrequency

Management council

4 times/year

Divisional committee

Monthly

Factory committee

Monthly

Central health and safety committee

2 times/year

Content

Company's management policies, business conditions and status ofbusiness execution, etc.
Checking the status of work hours and making improvements by R&D
and business division
Checking the status of work hours and making improvements in
production divisions
Consultations on policies and initiatives related to Group-wide healthand safety management

Health and safety committee

Monthly

Initiatives to prevent occupational accidents

Expert committee on work hours

Monthly

Checking the status of work hours and making improvements

Expert committee on the Development of
Future Generations

4 times/year

Consultations on childcare and nursing care support systems anddevelopment of diverse working conditions

Prohibition of Forced Labor and Child Labor

Basic Rules on Forced Labor and Child Labor

The GS Yuasa Group has established and enforces the basic rules on forced labor and child labor. We build a system to take
immediate corrective action upon discovering forced labor or child labor by a supplier.

Prohibition of Forced Labor and Child Labor
We will neither force labor, nor employ children under the legal working age. Furthermore, we will not tolerate forced labor or childlabor in any way.

Avoidance of complicity in human rights abuse
Directly or indirectly, we will not be complicit in human rights abuse.

Responses to Laws and Regulations on Modern Slavery and Wage Disparities

The GS Yuasa Group complies with the laws and regulations of every country and region, taking all necessary steps to meet theprovisions of the UK's Modern Slavery Act enacted in 2015 and the Gender Pay Gap Information Regulations enacted in 2017 as oneof the activities involved in securing the transparency of business.

GS Yuasa Battery Europe Limited (GYEUR), an overseas Group company in the United Kingdom, has released statements on its
website regarding these laws and regulations and information on the status of its undertakings. This company will continue toperiodically release information in the future.

Refer here for relevant information (link the GYEUR website). (https://www.yuasa.co.uk/csr-policies-modern-slavery-statement/)- 29 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Respect for Individuality

Measures to Prevent Harassment

The GS Yuasa Group is aware that harassment is a violation of human rights that harms the personal dignity of employees andcauses deterioration of the workplace environment. For this reason, we take measures to prevent harassment.

Since fiscal 2020, we have distributed to employees cards with information about harassment policies and have posted in worksites
educational posters on the prevention of harassment in order to ensure that employees are fully aware of policies regarding theprevention of harassment. We also conduct e-learning on workplace power harassment to enhance employee understanding. Further,we educate newly appointed managers with the aim of enhancing their awareness of cases of power harassment and guide them on
how to respond when they receive reports from subordinates about damage from harassment. We are committed to ensuring thateach and every employee is fully aware of the need for preventing and resolving harassment to secure a comfortable working
environment without human rights violations. In addition, we established an exclusive harassment consultation hotline available to all
Group employees and established a mechanism to rapidly provide remedies to the victims of harassment.

The Group seeks to establish work environments where all employees can work comfortably and create good workplaces with free
and open communication by implementing measures to prevent harassment.

Policy on the prevention of harassment

The Group does not tolerate any conduct that harms the personal dignity of individuals including sexual harassment andpower harassment. Overlooking such behavior is also not permitted.
Group employees shall not engage in harassment or any other conduct that harms personal dignity.
The Group shall establish hotlines to resolve harassment and other such problems and will strive to achieve prompt andappropriate resolutions. Persons who consult with such hotlines or cooperate with confirmation of the facts shall not be
subject to any detrimental treatment. In addition, privacy shall be protected.

Human Rights Risk Management at Overseas Group Companies

Responding to Human Rights Issues at Overseas Group Companies

To avoid or mitigate negative impacts on human rights from our business activities, the Group conducts measures to address humanrights issues at overseas Group companies.

Specifically, our CSR promotion inspectors toured working environments and examined other aspects of overseas Group companies,
confirming compliance with the legal systems in nations and regions where business is conducted and making comparisons withinternational human rights standards.

In addition, we analyze and evaluate the results of those inspections and implement necessary countermeasures while taking into
consideration the national and local culture and customs where we conduct business.

Main inspection items
Presence of forced labor, child labor, discrimination
Work hours and wage management
Respect for diversity (employment of persons with disabilities, promoting women's empowerment, etc.)- 30 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Humane treatment (harassment, internal whistleblower system, etc.)
Freedom of association
Occupational health and safety, health care
Comfortable working environments (job turnover, etc.)
Human resources development, fair evaluation and personnel treatment systems

Examples of responses to human rights issues (Fiscal 2021)

Comprehensive labor management
We conducted a survey on working hours and the status of wage management at overseas Group companies and shared
information on problem areas relating to labor management by providing feedback of the survey results. We also take measureswith the aim of creating mechanisms that enable overseas Group companies to practice appropriate labor management.

Harassment prevention
We distributed videos on Group human rights policies and social trends relating to harassment to overseas resident employeestransferred from Japan. In the future, we will conduct training on preventing harassment for local employees.

Prevention of health hazards
In order to prevent harm to health from the lead that is used as a raw material of products, we implemented work environment
improvement measures based on the results of periodic measurements of employee blood lead concentrations (measures
included improvement of production equipment used to handle lead and instruction on the proper methods of use of protectivegear).

- 31 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Conservation and Improvement of Adequate Working Environment

The GS Yuasa Group respects diversity and works to maintain and improve a pleasant working
environment. We are also committed to developing human resources with an emphasis on workplace
conditions.

Provision of Comfortable Working Environment

Basic policy

The Group believes that the ability of everyone to fully demonstrate their capabilities and continue working in good physical andmental health is crucial and takes measures with an emphasis on worksites that facilitate work and providing meaningful work. We
also strive to establish work environments that facilitate communication.

To progressively raise employee satisfaction, the Group moves to secure outstanding personnel, boost labor productivity andotherwise enhance its corporate competitiveness.

Number and ratio of new employees (FY2021, domestic companies)
Breakdown of new employees (person)

Number of newAge group

Ratio (%)

employees (person)

New graduates

Mid-career employees

MaleFemaleMale

FemaleMale

FemaleMale

Female

10's

27

5

17.1

3.2

27

5

0

0

20's

64

31

40.5

19.6

53

22

11

9

30's

22

3

13.9

1.9

0

0

22

3

40's

4

0

2.5

0.0

0

0

4

0

50's

0

0

0.0

0.0

0

0

0

0

60's

2

0

1.3

0.0

0

0

2

0

Total

119

39

75.3

24.7

80

27

39

12

Number of resignees and job turnover (FY2021, domestic companies)
Number of resignees (person)

Job turnover (%)

Age group
Male

FemaleMale

Female

Total

10's

1

0

3.7

0.0

3.1

20's

19

6

3.6

3.7

3.6

30's

25

6

3.4

5.3

3.6

40's

11

0

1.6

0.0

1.4

50's

9

3

0.9

2.4

1.1

60's

5

0

2.6

0.0

2.4

Total

70

15

2.2

2.9

2.3

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Number and Breakdown of Employees (FY2021, domestic business companies)
Number (persons)Ratio (%)

Types of employees
MaleFemaleMale

FemaleFulltime employee

2,945

485

80.8

13.3

Fixed-term employment

192

25

5.3

0.7

Total

3,137

510

86.0

14.0

Ratio of female employees to all employees
Scope of application

FY 2018

FY 2019

FY 2020

FY 2021

GS Yuasa International Ltd.

12.6

13.2

13.4

14.0

Entire Group

12.7

11.7

11.2

11.1

TOPICS

Introduction of GLTD Program

The Group introduced a group long-term disability (GLTD) insurance program in November 2019 with the aim of creating anenvironment where employees can work with reassurance and expanding our benefits programs. If an employee requires anextended period of recuperation due to injury or illness, the GLTD program creates an environment that allows the employee
to focus on recovery without worrying about income, supporting a rapid return to work. The program provides a certain levelof income up to age 60 and adds supplementary benefits through the self-help efforts of employees.

TOPICS

Implementation of Mentality Management Diagnosis

Since fiscal 2021, the Group has introduced mentality management diagnosis to measure employees' mental health andengagement (enthusiasm for work and for the organization). Our aim is to adopt measures for improvement by preventing
disorders based on an understanding of the status of employees' mental health, and by recognizing existing organizational
issues based on an understanding engagement status that encourages the revitalization of the organization. We arecommitted to continued examination of the results of regularly conducted diagnosis to promote the development of effective
measures and the creation of an environment where all can continue working with a sense of fulfillment.

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Conservation and Improvement of Safety and Health in Working Environments

Top-Management-Promoted Health and Safety Measures

The GS Yuasa Group promotes company-wide endeavors to build a corporate culture of safety. Based on the Health and Safety
Declaration by the President, our uncompromising commitment is to protect all employees (including contractors) from injury, sickness
and other workplace issues.

The Fundamental Health and Safety Policy sets forth the Group's basic thinking on the optimum approaches in this domain. Our
Occupational Safety and Health Division is instrumental in strengthening health and safety management at both domestic businesssites and overseas Group companies. We established organizational structures and carry out safety and health measures centered onsafety and health committees established in individual business divisions and companies.

Additionally, our domestic business sites as well as the majority of the production companies of our overseas Group companies haveobtained the occupational health and safety management systems in compliance with international standards (ISO 45001)
certification. Our Group companies in Japan are currently working to acquire ISO 45001 certification and seek to achieve effective
management aimed at Group-wide attainment of the Fundamental Health and Safety Policy. We are committed to continual
improvement of our health and safety performance by making effective use of systematic mechanisms based on the PDCA cycle.

Fundamental Health and Safety Policy

Fundamental Philosophy
We will create a corporate culture that ensures worker's safety and health.

Action Agenda
Top management presents the following action agendas for the succession of advanced energy technologies
developed in our battery business and for the realization of our fundamental philosophy.

1. We will fulfill legal requirements, invest resources and stipulate procedures for all of our operations in order to ensure ahealthy and safe working environment.

2. We will promote continuous improvement to the management system to achieve determined goals for health and safety.

3. Managers/supervisors will grasp the root causes of dangers associated with safety and health and take measuressystematically to lower their risks.

4. Through conference and discussion, managers/supervisors will reflect opinions of employees to activities promoting healthand safety.

5. Managers/supervisors will not overlook unsafe behavior of employees and will provide guidance to correct them.

6. Employees will follow predetermined rules related to safety and health in order to protect their own selves.

7. Employees will make a report to their superiors requesting for improvement of facilities or procedures when he or she finds theroot cause of danger.

ISO certification acquisition rate at domestic and overseas production sites- 34 -

79%

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Overview of Organizational Structure

Reducing Occupational Accident Risk

At all worksites of plants at domestic business sites, we identify potential hazard sources by conducting general inspections using risk
assessment methods and take mitigation measures according to the scale of the risk. Similar measures are also taken concerning
indications made by periodic on-site safety patrol activities conducted under the leadership of the safety and health officer. In theevent of an industrial accident, the cause of the occurrence is investigated and measures are taken to prevent recurrence. In addition,
information on accident occurrence status is shared with all employees in a timely manner. By doing so, we implement activities toprevent the actualization of occupational accident risks. Further, even in workplaces dealing with hazardous substances, we take risk
reduction measures utilizing risk assessment of chemical substances and regularly monitor the impact on the working environment
and workers' health in accordance with laws and regulations. In fiscal 2020, we have been focusing on adopting essential measures(including eliminating hazard sources) and engineering measures (including improvements towards equipment that comes with safetyfunctions) to eradicate "getting stuck or caught in machinery" which is the top cause of industrial disasters.

We continuously reassess occupational accident risks, indicate sources of risk, and recommendations related to improvements at the
production plants of overseas Group companies based on the results of safety and health audits conducted by CSR promotion
inspectors. When improvements concerning indications are made, information on domestic management criteria and operational
processes is shared, leading to lower risk throughout the Group. In fiscal 2021, although on-site audits of overseas Group production
plants were suspended due to the impact of the worldwide spread of COVID-19, we adopted measures to prevent occurrence of risks
by sharing information on the status of operations management of serious occupational accidents risks and details ofcountermeasures. Further, we distributed teaching materials containing a summary of examples of past risk countermeasures to eachplant to support the realization of effective safety and health education. In fiscal 2022, we plan to resume safety and healthinspections at our Group production plants overseas.

Implementation period of safety and health risk assessment
Adoption of new raw materials or changes in raw materials
Adoption of new equipment or changes in equipment
Adoption of new work methods and procedures or changes in work methods and procedures
Installation, repair, and dismantling of structures
Occurrence of occupational accidents
Changes in risk factors (aging of machinery, equipment, etc.)- 35 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Status of occurrence of occupational accidents (GS Yuasa International Ltd.)FY 2017

FY 2018

FY 2019

FY 2020

FY 2021*1
Missed work frequency rate

0.45

0.47

0.62

0.55

0.30

Average frequency rate in manufacturing industry

1.02

1.20

1.20

1.21

1.31

*2
Rate of intensity

0.01

0.00

0.01

0.00

0.00

Average rate of intensity in manufacturing industry

0.08

0.10

0.10

0.07

0.06

*1 Missed work frequency rate is the number of people missing work per 1,000,000 work hours*2 Rate of intensity is the number of lost days due to accidents per 1,000 work hours

Targets related to occupational accidents risk (FY 2022)
Target
Items

Domestic business

Overseas Group

sites

companies

None

None

None

None

Number of worksites in work management category III

None

---

Missed work frequency ratio

0.3 or less

1.8 or lessNumber of serious occupational accidents
Number of workers not meeting our blood lead concentration management
standards

Please see here for details in targets and results for previous fiscal year.

(https://www.gs-yuasa.com/en/csr/pdf/materiality_2021.pdf)

Ensuring Safety for Passage in the Vicinity of Plant Sites

At domestic business sites, we create safe environments for travel within plant sites by installing soft poles to separate vehicles andpedestrians, optimizing the number and positions of crosswalks, setting one-way routes for vehicles, restricting bicycle access, andtaking other measures.

At the Kyoto Plant, we have implemented radical measures to reduce the chances of contact between pedestrians and vehicles by
relocating on-site vehicle and bicycle parking lots to places without pedestrian walkways. In addition, we ensure the safety of bicycles
and pedestrians passing near site gates by taking measures to improve visibility on roads and sidewalks around the plant andinstalling automatic alarm devices to provide notice when vehicles enter and exit.

Besides, overseas Group companies are also working to create a safe environment in the vicinity of plant sites. In order to ensure thesafe passage of local residents and employees, we have installed signals in front of our business site at Yuasa Battery (Thailand) Pub
in Thailand, in cooperation with the local police. In addition, we are also making efforts to regulate the speed of moving vehicles by
displaying deceleration marks on the surface of roads within business site. The Group is committed to continued efforts to prevent
traffic accidents within and outside the plants, through strict enforcement of traffic safety measures and of rules for passage.

Separating vehicles and pedestrians
by installation of soft poles(Kyoto Plant)

Road surface with markings for deceleration(Yuasa Battery (Thailand) Pub)

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Heatstroke Countermeasures

To respond to the recent increase in occupational accidents caused by heatstroke in our domestic business sites, we are working toprevent the occurrence of occupational accidents caused by heatstroke by informing workers about heatstroke countermeasureguidelines specifying measures for mitigating the adverse physical effects of working in a high-temperature, high-humidity
environment, the timing of breaks, and other matters.

Examples of countermeasures against heatstroke
Displaying heatstroke alerts (alerts for employees through banner-flags indicating the level of heatstroke alert for the day)Holding regular seminars on countermeasures against heatstroke
Introduction of work clothes to suppress rise in body temperature
Recommendations for using parasols when walking in the plant premises
Ready availability of emergency response kits (with salt supplements and ice packs) to mitigate the initial symptoms of heatstroke

Banner-flag indicating the level of heatstroke alert

Raising Worker Awareness Concerning Safety

The GS Yuasa Group conduct activities intended to raise worker awareness of safety in order to maintain and improve safety andhealth management operations.

We also ensure that safety and health activities are well-established and raise their levels by conducting education and training toprevent safety and health risks from occurring.

Examples of activities for raising safety awareness
Posting statements of management intent concerning occupational safety at all worksites
Distribution of site safety cards with basic site safety information
Periodically conducting safety and health awareness surveys
Display of awareness posters for raising awareness of basic safety behavior* in the premises*Such as not walking with your hands in your pockets, holding a railing when climbing stairs, ensuring pointing and calling at thecrossing- 37 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Examples of education and training to prevent safety and health risks from occurring
Periodic training on hazard avoidance techniques (including risk prediction and risk assessment)
Periodic experience-based risk training for employees to gain first-hand understanding of the nearby risks at the worksite

Experience-based risk training (Kyoto Plant)

Experience-based risk training (P.T. GS Battery)

Participation in safety and health education (Fiscal 2021, GS Yuasa International Ltd.)Classification

Items

Number of participants

Experience-based risk
training
GeneralCourses on risk

educationassessment
Training for hazard
prediction

Specialized

Education of safety

education

trainers

Intended audience(persons)

640

176

All employees (including contractors), suppliers

54

Persons (including contractors) promoting activities for

250

workplace safety

Ensuring Appropriate Working Hours

Optimizing Work Hours

Aiming to be a workplace that protects the health of employees and enables them to work with peace of mind, the GS Yuasa Group is
striving to ensure the most appropriate work hours through cooperation between labor and management. GS Yuasa International Ltd.
has introduced and managed systems to accurately understand and manage work hours (attendance management system andaccess control system). Moreover, an expert committee combining labor and management is held monthly, and we check thecondition of employees working long hours and other related matters, making efforts to manage appropriate working hours.

We are taking steps to reduce labor hours for employees who had worked long hours by providing consultation with an industrial
physician and through an advisory system (see "Work Style Reform" below) for supervisors. In addition, we provide compliancerelated education with the themes of promoting understanding of work hour rules and appropriately managing work hours, toemployees.

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Annual Working Hours*Notes: Employees do not include personnel on leave or those transferred to workplaces overseas.
*Number of annual prescribed workdays = prescribed work hours minus hours taken for leave and hours absent due to tardiness,leaving work early, etc.

*Period: January to December*Monthly average number of overtime hours worked: 16.5 hours (fiscal 2021)

Work Style Reform

At GS Yuasa Group, labor and management are working as one to reduce long work hours and encourage employees to take annual
paid leave with the aims of improving work efficiency and enhancing creativity at work by making sure employees stay physically andmentally healthy.

Examples of initiatives to provide variation in work style
Setting one "no overtime" day a week
Making it compulsory to take at least 10 days of annual paid leave
Work-life synergy leave (consecutive paid leave is recommended)
Prohibiting two consecutive days of work on prescribed holidays
Prohibiting overtime late at night (10 p.m. to 5 a.m.)
Postponing the start-time next day in case of overtime work till late night (securing rest time)
Introducing a system to monitor employees working in excess of the standard hours, and providing advice to supervisors on how todeal with overtime issues
Promoting improvement activities that contribute to the enhancement of work efficiency and creativity and the optimization of work
allocation
Implementing a commendation system for improvement activities that have enhanced workability and productivity beyond a certain
level

Percentage of Annual Paid Leave Taken*Notes: Employees do not include personnel on leave or those transferred to workplaces overseas.
*Period: September to August*Rate of acquisition for the number of statutory days granted: 94.2% (fiscal 2020)- 39 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Securing the Minimum Wage

Payment of Proper Wages

In order for employees to live a safe and healthy life, it is important that wages that are the source of daily bread for employees arepaid properly and reliably.

In order to ensure employee wages are calculated accurately and payments made without delay, the Group operates thoroughly
based on internal rules that establish methods for paying appropriate labor compensation and so on. In addition, the Group also
provides clearly comprehensible payment statements when making wage payment, and enough information is included on thepayment statement to verify labor compensation. Further, there is no system (gender-based wage structure, personnel evaluation
standards etc.) that lead to gender pay gaps.

Besides paying employees a basic salary above the local minimum wage, the Group promotes initiatives to ensure fair treatment
regardless of type of employment.

Comparison of standard newcomer salary to local minimum wage (Fiscal 2022, GS Yuasa International Ltd.)
Occupation

Ratio (average)％％

Career-track positions

136

Manufacturing jobs, clerical work

114

*Calculated based on data on status of minimum wage revisions by region (Ministry of Health, Labour, and Welfare)

Mid to Long-term Human Resources Development and Appropriate Ability Assessment

Fostering Autonomous-minded Human Resources

At the GS Yuasa Group, front-line workplaces are the engine that generates corporate value, and the lead players in those
workplaces are our employees. We believe the best training is on-the-job training, so with a strong focus on management by objective
we implement training to nurture autonomous-minded human resources. In addition, Off-JT (Off-the-job training) such as trainings byrank and free participation type of training is used to improve leadership and management skills and implement career development.
With respect to career development, we promote career management in which all employees take the initiative in setting goals andthinking about their vision of work by implementing annual reviews relating to career formation.

We plan to introduce training for mid-career employees in fiscal 2022. The objective of this training is to encourage mid-career
employees to make maximum use of the knowledge and abilities they possess and to engage in work by proactively thinking about
their goals and vision of their work. Going forward, we are committed to further expansion of educational opportunities for all
personnel and to promoting diversity management that leverages the diverse individualities of employees to enhance organizational
strength.

- 40 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Basics of Human Resource Development

Training System
Classification

Training name

Rank

●New division manager training, ●New manager training, ●New leader training, ●Management training (in the 4thyear after being appointed to a managerial position), ●Career advancement training(sixth year after joining thecompany), training(sixth year), ●Power-up training (in the 4th year after joining the company), ●Skills improvement
training(third year after joining the company), ●Logical communication skills training(second year after joining thecompany), ●New employee training, ●Mentor training, ●Training for mid-career employees (scheduled tocommence in fiscal 2022), ●Training for career development

Business●Logical communication training, ●Facilitation training, ●Time management training, ●Training for coaching(scheduled to commence in fiscal 2022), ●Project management training, ●English email writing training, ●Skills

Skillstraining(external)

Personal
Development●Online language lessons, ●Distance learning, ●Online courses, ●Online courses for business skills, ●The Japan
Business Law Examination(external), ●Business Accounting Examination(external)

Global●Overseas practical training program(Training of candidates for overseas assignments), ●Pre-overseas assignment
training(language, management skills, etc), ●Training for nurturing next-generation management

Human
Resource
Development●Training for women's career advancement, ●Training for diversity management (managerial positions),●Leadership enhancement program

Diversity

Training hours for human resources development (FY2021, GS Yuasa International Ltd.)
Item

Average training hours

Total training hours(h/person)

(h)

Male

5.47

17,160Female

8.97

4,574

Indefinite-term employment

6.31

21,657

Fixed-term employment

0.35

77

Classification

GenderTypes of employees- 41 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Respect for Individual Work-Life Balance

Promoting Women's Empowerment

The Group is committed to increasing opportunities for female employees to play an active role by supporting the two axes of "careerdevelopment" and "support for work-life balance."

In 2018, the Company launched the GY Mirai Project to actively recruit diverse human resources and continuously develop an
environment that allows each individual to make the most of their individuality and abilities, and to create a workplace where eachindividual can continue to work with enthusiasm and fulfillment. Further, top management regularly sends out messages to all
employees about the importance and significance of promoting women's empowerment.

The "three Ls"

President's Message
We are committed to "fostering autonomousminded human resources" and "diversity andinclusion," and to the actualization of ourcorporate philosophy of "Innovation and
Growth."Our aim is to create an environment that
nurtures a culture in which diverse humanresources can grow together and play anactive role and to be a company where eachindividual can continue to work withenthusiasm and fulfillment.
Our company will continue to promote the"three Ls" and to cultivate diversity andinclusion that enables all employees to keepon shining, embracing their individual
capabilities.

- 42 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Roadmap for promoting women's empowerment

Action Plan Promoting Women's Empowerment (April 1, 2019 to March 31, 2023)
Raise ratio of women among new graduates recruited for career-track positions every year to
Objective 1

over 30%
Raise understanding of childcare support systems to encourage male employees to participate in
Objective 2

childcare
Objective 3

Raise the maximum limit on use of half-day paid leave

Important management indicators regarding measures to promote the active participation of women (unit: %)Objectives

Results(FY2024)(FY2021)

30.0

27.4

Percentage of women among workers

15.0

14.1

Percentage of women in managerial positions

4.0

3.5

Percentage of women at assistant managers rank

10.0

8.9

Percentage of men taking childcare leave*

40.0

22.5

Classification

Percentage of women among new graduates
recruited for career-track positions*Objective values have been changed from FY2022.

Initiatives to expand opportunities for active participation of female employees
Establishing processes for incorporating initiatives to promote women's empowerment in evaluation indicators for managers andevaluation criteria for appointment to managerial positions
Ensuring fairness in promotions and appointments (responding to life events) and assigning roles according to expertise
Strategic appointment of female managers and officers (including medium- to long-term securing of female employees withadvanced abilities and high motivation for promotion)
Considering mid-career recruitment of female managers (including candidates for managerial positions)- 43 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

TOPICSFirst Certified as a Nadeshiko Brand

The company has been selected for the Nadeshiko Brand that is
jointly sponsored by the Ministry of Economy, Trade and Industry
and the Tokyo Stock Exchange.

The Nadeshiko Brand aims to promote investment in companies
and accelerate corporate initiatives by introducing listed Japanesecompanies that excel in promoting women's empowerment as
attractive stocks to investors who place importance on improving
corporate value over the medium to long term.

TOPICS

Conducting Exchange Meetings between Women Directors and Women Managers

In May 2021, we held the Group's first exchange meeting between women directors and women managers.

On this occasion, the participants shared information about their current situation with each other while discussing specificissues faced by them. In addition, through various exchange of opinions, the meeting served as an opportunity to once again
confirm the direction of the Group to nurture respect for diversity through the promotion of active participation of women andgoing beyond to foster respect for all diversity.

TOPICS

Conducting Career Advancement Training for Female Assistant Managers

In January 2022, GS Yuasa International Ltd. conducted training targeting female employees at the assistant managers rankwith the aim of enabling them to face the challenges and anxieties of balancing life events with career development for
positive career advancement. While providing opportunities to recognize individual qualities and strengths by using
diagnostic tools, and to learn how to leverage one's strengths to demonstrate leadership based on one's own individual style,we also held panel discussions featuring female managers and guest lecturers, to foster familiarization with managerial
positions. We believe this has led to the nurturing of a career vision among female employees that focuses on managerial
positions.

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Employment of People with Disabilities

To promote the employment of people with disabilities, GS Yuasa International Ltd. offers a wide range of opportunities to people
with disabilities, including in a company certified as a special subsidiary* in December 2007.
As of April 1, 2022, 2.68% of employees were people with disabilities, which exceeds the legally mandated employment rate of 2.3%.
We will continue to manage employment so that people with disabilities can put their skills and qualities to good use in an effort tomaintain and improve a pleasant work environment.
*Special subsidiary: A system based on the Disabled Persons Employment Promotion Law, under which, when a subsidiary iscertified by Japan's Ministry of Health, Labor and Welfare as giving special consideration to the employment of people withdisabilities, it can be regarded as one of the parent company's business establishments when calculating the employment rate ofpeople with disabilities.

Change in employment rate for persons with disabilities
Scope of application

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

GS Yuasa International Ltd.

2.74

2.79

2.53

2.56

2.68

Rehiring of Elderly Employees

Our Group operates a rehiring system by which employees who have reached mandatory retirement age can continue to work andutilize their wealth of experience and high-level skills and abilities. If an employee who has reached mandatory retirement age wishes
to extend his or her employment with us, appropriate decisions on conditions and personnel assignment are made based on an
evaluation of job necessity, the employee's work ability, and other factors. Furthermore, as with currently active employees, weoperate a work target management system and reflect job performance in conditions so that rehired employees can work withmotivation.

In the future, as Japanese society continues to be characterized by a low birthrate and further aging, the securing of human resources
is expected to become increasingly difficult. Not only does our Group see the employment of senior citizens as one measure to
alleviate the labor shortage, but we aim to improve our capacity for sustained business growth by enabling outstanding elderly people
to display their skills and know-how.

State of Rehiring of Elderly Employees (FY2021, domestic companies)
Number of rehired employees

Rehiring ratio

Employment ratio of rehire(persons)(%)

applicants (%)

Male

73

80.2

100.0

Female

7

100.0

100.0

Total

80

81.6

100.0

Classification*Rehiring ratio: Ratio of rehired employees to retirees.
*Employment ratio of rehire applicants: Ratio of employment of retirees wishing to be rehired.

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

TOPICS

Initiatives for Middle-Aged and Advanced-Age Employees

GS Yuasa International Ltd. conducts seminars on career training and life-planning targeting employees above 50 years ofage.

As part of career training, we support employees' career development to enable them to continue to be reliable humanresources by nurturing a renewed recognition of their strengths as experienced employees. The aim of life-planning seminars
is to support employees in deepening their understanding of life-money planning and asset management and assist them inleading an enriched second life after retirement.

Going forward, we will continue to nurture an environment where middle-aged and advanced-age employees candemonstrate their valuable know-how and skills.

Supporting Work Alongside Childcare/Nursing Care

At GS Yuasa International Ltd., we aim to create an environment that makes it easy for employees to participate in childcare andnursing care and to this end we have established a support system for childbirth, childcare, and nursing care. To encourage
employees to use this system, we have also set up an in-house electronic message board called Supporting a Work andChildcare/Nursing Care Balance where we disseminate information on childcare-related systems to employees. Further, the company
has released a Handbook on Supporting Work-Childcare Balance targeting superiors and subordinates, and distributed it to all
employees. In addition, we aim to create workplaces where all employees, regardless of gender, can use the systems, by raisingawareness of the systems through trainings by rank for the management as well, and by other means.

In fiscal 2022, we commenced a system in which employees can avail subsidized usage fees (up to 4,400 yen per day) when they use*
babysitters . We are committed to improving our systems to enable employees to demonstrate their abilities while balancing work andchildcare.

*Applies to the babysitter dispatch services provided by the All Japan Childcare Services Association commissioned by the Cabinet
Office.

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Childbirth, Childcare and Nursing care support systems
Item

SystemAlleviation ofcommutation during
pregnancy

Maternity leave

Details

System under which work at the beginning or the end of working hours is exempted forfemale employees who are pregnant(up to 60 minutes/day)

System under which a leave of absence for six weeks before childbirth (14 weeks in case ofmultiple pregnancy) and eight weeks after childbirth can be obtained

Leave for going tohospital during

System under which female employees who are pregnant or have spent only less than one

pregnancy/maternity

year after childbirth can obtain a leave for medical examination, etc.

protection leave

Childbirth,

Maternity protection

System under which female employees who are pregnant or have spent only less than one

leavesyear after childbirth can take leave(up to one year)

Paid leave for births

System under which employees who have a newborn can take leave (three days)

Childcare leave

Childcare

System under which employees who are bringing up a child/children can take leave (as the
maximum period, until a child reaches the age of two)

Short-time working due

System under which employees who have a child in the sixth grade or under in elementary

to childcare

school or a child with disability can work for a short time or work with a flexible schedule
System under which employees can take leave for nursing a child in the third grade or

Nursing leave

under in elementary school(five days/year for one child; ten days/year for two children or
more)

Breast-feeding hours

Exemption/limitation of
overtime work and latenight work
Issuing discountvouchers for babysitter
dispatch services

System under which employees can get time for breast-feeding a baby under a year old(twice/day, 30 minutes each time)

System under which employees who are raising a child can be exempt from/limit overtimeand late-night work

A system in which employees who use babysitters can avail subsidized usage fees (up to
4,400 yen/day per child)Long-term nursing care

System under which employees who are caring for a family member can take leave (up toleave

one year)

Short-term nursing care

System under which employees can take leave for nursing a family member (five days/year

leave

for one person; ten days/year for two persons or more)

Short-time working due

System under which employees who are caring for a family member can work for a short

to nursing caretime or work with a flexible schedule (up to three years)

Nursing
care

Exemption/limitation of
overtime work and latenight work

System under which employees who are caring for a family member can be exempt
from/limit overtime and late-night work

System under which employees can accumulate the number of days for annual paid leave
Accumulated leave

whose validity has expired(up to 40 days, acquired for the reason of nursing care for afamily member or raising a child in the third grade or under in elementary school, etc.)

Leave in hourly units
OthersSystem under which employees can take leave in hourly units from granted annual paid
leave (maximum of 40 hours/year)

Telecommuting

A program that allows employees to work from home, so they can balance work with

programchildcare or nursing care

Return to work program

A program for rehiring employees who left work for childcare, nursing care or other similarreasons to return to work if certain conditions are met- 47 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Utilization of Childcare support system（Childcare leave）

Females
FY

Males

Number of users

Usage rate

Return-to-work rate

Number of users

Usage rate

Return-to-work rate

(person)(%)(%)(person)

(%)

(%)

2017

8

100.0

87.5

1

1.2

100.0

2018

15

100.0

91.0

2

2.8

100.0

2019

18

100.0

100.0

3

2.7

100.0

2020

14

100.0

100.0

9

9.1

100.0

2021

21

100.0

100.0

27

22.5

100.0

*Notes: Employees do not include personnel on leave or those transferred to workplaces overseas.

Utilization of Nursing care support system
Long-term nursing care leave
FY

Short-term nursing care leave

Number of users

Return-to-work rate

Number of users

Total Number of days

(person)(%)(person)

(day)

2016

1

100.0

10

30.0

2017

1

100.0

14

63.5

2018

2

100.0

23

103.0

2019

1

0.0

23

99.0

2020

1

0.0

24

116.0

2021

1

0.0

—

—

*Notes: Employees do not include personnel on leave or those transferred to workplaces overseas.
*Period：

April to March (long-term nursing care leave), September to August (short-term nursing care leave)

TOPICS

GS Yuasa has received Platinum Kurumin certification

Platinum Kurumin is a program of certification granted by Japan's Ministry of
Health, Labour and Welfare to organizations that provide high levels ofchildcare support.

GS Yuasa has long worked to create environments where employees cancontinue to work while caring for children and first received Kurumin certificationin 2017. Since then, we have established action plans to promote support andenhance its effects, expanded the applicable period of the program for reduced
working hours for childcare, introduced a telecommuting program for employees
who are taking care of children, and took other measures, leading to the
Platinum Kurumin certification in fiscal 2020.

The Group is committed to promoting the creation of workplaces where
employees can balance work and childcare with peace of mind.

- 48 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

TOPICS

Conducting Information Exchange Meetings on Work-Childcare Balance

GS Yuasa International Ltd. has been conducting information exchange meetings twice a year since fiscal 2019, with theobjective of supporting employees, to balance work and childcare successfully and engage in work with a sense offulfillment. Presentations on experiences of employees who use the company's childcare support system while being actively
engaged in work, and exchange of views among participants, are meaningful occasions for both employees who arebalancing work and childcare and those who are in the midst of challenging themselves to achieve this balance going
forward. In addition, majority of the participants in these information sessions are male employees, demonstrating that thepercentage of male employees availing childcare leave in the Group is rising year by year.

Business Operations Considering Religious Customs

At the GS Yuasa Group's overseas sites in Indonesia where Muslims are the large majority, we are conducting business operations
considering Islamic traditions and customs. PT. Yuasa Battery Indonesia, PT. Trimitra Baterai Prakasa and PT. GS Battery have amosque in their respective offices. These companies allow employees to offer prayers at a mosque during working hours, andMuslims gather for prayers on Fridays from both the office and outside the company. We also established a multi-purpose room thatcan be used as a mosque on the site of the Group's Kyoto Plant and allow employees to pray during working hours.

The GS Yuasa Group believes that understanding and respecting customs, cultural values and religion in each region are
indispensable for building a good relationship with local employees and effectively operating businesses.

TOPICSSpecial Website on Diversity EstablishedIn April 2020, the GS Yuasa Group launched a special website to provide timely
information on our approaches to diversity and the status of activities. The site
presents easy-to-understand information regarding the Group's measures forthe targets, results, and initiatives associated with diversity and work stylereforms, including the promotion of women's empowerment.

Going forward, we will actively disclose information on plans to provide
opportunities for diverse human resources to demonstrate their full capabilities
as well as the results of those plans.

Refer here for information on the special diversity website (in Japanese)(https://www.gs-yuasa.com/jp/diversity/)- 49 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Health Management Initiatives

In order to realize the corporate philosophy of "innovation and growth of our employees and business entities," the GS Yuasa Group
believes that it is important to prepare the foundation to enable employees to perform their duties while maintaining good physical andmental health so as to achieve maximum performance. The Group promotes company-wide health management of employees andtheir families based on the Health Management Policy established by the president of the company who constitutes the top
management.

Health Management Policy

In order to realize the "innovation and growth" of our employees and business
entities, the GS Yuasa Group supports employees and their families in collaboration
with health insurance society so as to ensure that they maintain their own health andencourages "health promotion" so that all employees can work zealously and with asense of fulfillment.

We strive to prevent the onset and severity of lifestyle-related diseases and mental disorders.
We support managing of both work and medical treatment so that everyone can engage in decent work.
We encourage health promotion to maintain and improve health.

Promotion Framework
The GS Yuasa Group appoints a general occupational health physician (a contracted occupational health physician) at the head officeand occupational health physicians at its major offices, with 11 full-time nursing staffers nationwide. In addition, in collaboration withthe health insurance society, the Group conducts health management promotion meetings attended by the health management
officer(concurrently serving as chairperson of health insurance society) and labor union executives to promote measures for employee
health issues. Further, in order to prevent severity of mental disorders, we have established a conducive environment for counselingfrom clinical psychotherapists that can be availed every week at our head office and some of our other offices.

Specific measures for health promotion
In our Group, in conjunction with measures such as work style reform and promotion of women's empowerment, data about employee
health checkups and stress checks is analyzed to identify health issues of employees. For issues that are identified, we adopt
measures for promoting health, and formulate plans to resolve the issues after verifying the effectiveness of the measures. The Group
ensures effective health promotion by addressing employee health issues using the PDCA cycle.

1. Prevention of lifestyle-related diseases
Encouraging medical examinations and follow ups according to the seriousness of the health risk to the person with abnormal
findings in regular health checkups
Implementation of health consultations and education for new graduates and mid-career employees to improve health literacy inearly stages
Conducting health events targeting all employees (walking events twice a year, showing videos on health promotion during regular
health checkups, etc.)
Implementing measures for promoting health through collaborations between the Company and health insurance societies(conducting cancer screenings during regular health checkups, periodic distribution of "health email magazines" aimed at
employee health promotion, conducting smoking cessation outpatient clinics and implementing measures to prevent increase in
severity of illnesses via online means, etc.)- 50 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

2. Early detection and treatment of mental disorders
Setting up an internal consultation system and an external consultation desk (including consultation and counseling withoccupational health physicians and nursing staffers)
Providing information such as results of diagnosis and advice to ensure self-care to those undergoing stress checks
Support for individuals identified as high risk through stress checks (consultations with physicians, individual consultations by
nursing staffer, etc.)
Continued access to "line care (care by supervisors)" and "self-care (care based on the awareness of individuals)" training
sessions
Reviewing programs for human resources based on results of analysis of stress checks and employee satisfaction surveys(including support for activities for improving workplace environment based on feedback to each division)

3. Early detection and treatment of cancer
Inclusion of various cancer screenings and gynecological examinations in regular health checkups (no individual payments)
Regular distribution of cancer self-examination kits to employees and family members (no individual payments)
Recommending medical examinations and follow ups to persons with abnormal findings in cancer screening results

4. Optimize work hours and maintenance of a positive work-life balance
Thorough observance of "no-overtime-work days"
Making it compulsory to take at least 10 days of annual paid leave
Establish monthly overtime work hour limits
Prohibiting two consecutive days of work on prescribed holidays and overtime late at night
Introduction of leave in hourly units, telecommuting program, and expansion of the flextime system
Promoting a system that encourages employees to avail at least three consecutive days or more of annual paid leave

5. Promotion of awareness of various health issues specific to women
Introduction of e-learning on the theme of health management and women's health care
Encouraging consultations for gynecological checkups through our in-house quarterly magazine
Providing information on cervical cancer vaccines and women-specific diseases through our in-house quarterly magazines

Objectives and Results for "health promotion"
Results(%)
Classification

Items

FY2017FY2018FY2019FY2020

FY2021

100

100

100

100

100

100

30 or less

41

37

35

35

33

70 or more

57

59

63

59

66

Consultation rate

100

84

93

94

94

93

Rate of high stress individuals

10 or less

8

9

9

8

8

Overall health risks

90 or less

87

89

87

86

83

Rate of smoking

20 or less

24

23

22

22

21

Consultation rate

100

58

55

58

62

56

Consultation rate

100

65

65

67

67

80

Consultation rate
Rate of persons with abnormal
Regular healthcheckups

Objectives(%)

findings
Consultation rate of medical reexamination of persons with abnormal
findings

Stress checks

Measuresagainst smoking
Gynecologicalexaminations
Colorectal
cancer screening- 51 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

TOPICS

External Evaluation Related to Health Management

GS Yuasa International Ltd. and three Group companies were each designated as a Company with
Excellent Health Management 2018 in a program run by the Ministry of Economy, Trade andIndustry and Nippon Kenko Kaigi, for the six years in a row.

Under this system, corporations that implement particularly excellent health management in termsof initiatives to deal with health issues in local communities and health promotion suggested by
Nippon Kenko Kaigi are publicly honored.

Aiming to create a working environment in which employees can enjoy good health and work withvigor, we will continue to promote health management.

TOPICS

Increase the Consultation Rate of Medical Re-examination of Persons with Abnormal Findings inRegular Health Checkups and of Gynecological Examinations

The Group has always considered hours required for cancer screening of employees to be working hours as is the case forregular checkups. In fiscal 2022, we commenced a system in which the time required to re-examine abnormal findings inregular medical examinations or cancer screenings at an external medical institution, or gynecological examinations at an
external institution, are considered as working hours. The Group is encouraging health promotion measures throughcollaboration between the Company and health insurance societies to prevent disease-severity through early detection ofserious illnesses.

- 52 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

TOPICS

Human Resource and Labor Measures to Prevent the Spread of the Novel Coronavirus

In response to the novel coronavirus, which is spreading globally, strong social demands are being made to prevent the
spread of infection including avoiding crowded areas and avoiding gathering in areas where people gather in high density
and spend time. The GS Yuasa Group is conducting human resource and labor management to prevent the spread of thenovel coronavirus infections so that we can ensure the safety and peace of mind of our employees.

Introduction of telecommuting program and staggered work times
We introduced a telecommuting program and staggered work times as measures to prevent the spread of the novel
coronavirus. Neither of these programs has no limit on the number of times they may be used. We are operating thisprogram so that they can be actively used such as by allowing employees to make use of both programs.

Handling of leave in conjunction with school closures, etc.
In cases where employees are unable to freely report to work due to requests to parents to refrain from sending their children
to daycare facilities, school closures, and so on and in cases where there are substantial health risks from infection with thenovel coronavirus due to chronic illness and so on, we are allowing employees to use their accumulated leave. In somecases, employees who do not have accumulated leave are permitted to take special leave in the form of non-statutory leave.

Measures concerning use of cafeterias(1) Distribution of cafeteria used times and modification of seating arrangements
In addition to distributing cafeteria used times to mitigate crowding in the cafeterias, seating arrangements have been
modified so that cafeteria users do not face one other. Also, the cafeteria windows and doors are open to ventilate thecafeteria.
(2) Thorough measures to prevent infection in meals
Cafeteria users are required to thoroughly practice measures to prevent infection during meals (including hand washing,disinfecting hands with alcohol, using cafeteria for short duration, wearing mask except when eating, not talking whileeating).

Measures concerning conducting events for new employees
The entrance ceremony and training for new employees for fiscal 2022 was conducted face-to-face for the first time in three
years with exhaustive measures adopted to prevent the spread of the novel coronavirus infection. The training was held after
adopting measures such as scattering of training venues (three venues), ensuring adequate distancing between seats,arranging seating with no face-to-face contact, conducting temperature checks and disinfection with alcohol before the startof the training, and thoroughly ventilating the venue.

Measures concerning recruiting
Recruiting events (such as company briefings and social gatherings) and job matching consultations (interviews) are as
required conducted online. In addition, online interviews are conducted for mid-career employees.

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Fulfillment of Our Responsibilities to Provide Safe and Secure Products
and Services

As a trusted manufacturer, GS Yuasa is constantly working to improve customer satisfaction and ensure safety.

Focus on Safety and Quality

Ensuring Quality and Safety through Company-wide Quality Management

The GS Yuasa Group is promoting initiatives aiming to improve the quality of the products and services offered to our customers on agroup-wide basis, based on the Quality Policy. To remain a manufacturer trusted by customers at all times, the GS Yuasa Groupapproaches manufacturing activities from the customer's perspective and works relentlessly to improve the quality of products andservices.

To maintain this trust, we formulated, under the leadership of top management, the GS Yuasa Quality Management System based on
the ISO 9001 standard and are promoting a quality management system that crosses business divisions. The quality of our products
and services is discussed company-wide every month by the Quality Management Committee, which is chaired by a director (theexecutive officer in charge of quality), to enable us to enhance quality by responding swiftly to any change.

As part of our initiatives to pursue manufacturing, we provide quality-related education courses to all employees and promote
improvement team activities company-wide as a way to bolster the awareness of quality among employees and to boost theirunderstanding and skills related to quality management. Thereby enhancing the quality of our products and services.

These activities have been highly rated by the Union of Japanese Scientists and Engineers, and the Industrial Batteries Production
Division of the Industrial Batteries & Power Sources Business Unit received the Deming Prize, which is designed to reward individuals
and companies who have produced good results through the implementation of quality management, in fiscal 2015.

Quality Policy

GS YUASA is committed to a diligent study of 'Monozukuri' customer first thinking
and the improvement of products and service for the realization of our Corporate
Philosophy.

*'Monozukuri':Meaning 'Meaning 'manufacturing' is not just pointing to 'craftsmanship' in the narrow sense. It is "the overall process of thecorporation, the industry and the on-site activity, implementing the designers' determination into the products and the services forcustomer satisfaction, corporate profit and job security."- 54 -

Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Quality Loss Index for Domestic Business

Quality Management Organization*The fiscal 2016 quality loss index is set at 100, indicating the changes in thequality loss rate over five years.
(The quality loss rate is the loss ratio occurring during productmanufacturing and sales.)Status of acquisition of certification of standards for quality management system (domestic business sites)
Business Unit

Certification number､

Scope of application(ISO9001 IATF16949*)

GS Yuasa International Ltd. Automotive
Battery Business Unit
GS Yuasa Energy Co., Ltd.

Automotive Batteries

IATF16949 certification

DQS497841 QM15,

Lithium Energy Japan Ltd

DQS497841 IATF16
JQA-QMA14793

GS Yuasa International Ltd. Lithium-ion
Battery Business Unit

Power Supplies

Expected to obtain

YKA-4005088

Blue Energy Co., Ltd.

Industrial Batteries,

JQA-1678

Remarks

Expected to obtain---

IATF16949 certification

GS Yuasa International Ltd.

JQA-1397

Yuasa Membrane Systems Co., Ltd.

JQA-QMA15374*IATF16949: International standard for quality management systems in the automotive indsutry

Rounds of inspection by top management

The GS Yuasa Group systematically conducts rounds of onsite inspection, centering on domestic factories and branches, bymanagement. Through rounds of inspection by management conducted as part of top management activities, the management
grasps the actual state of onsite operations and has a dialogue with employees working at each site.

Based on the "quality" of work, employees share the situation of actual activities and tasks regarding various themes such as safety,
quality and environment with management, fostering mutual understanding.

Persons in charge of onsite operations as well as younger managers report tasks and activities of each site to management, providing
an opportunity for the exchange of opinions between employees and management.

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Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Promoting Greater Customer Satisfaction

The GS Yuasa Group values the opinions, recommendations and complaints of customers regarding our products and services asimportant customer feedback. We improve our products and services after considering inquires received by email and the opinions ofcustomers heard at our Customer Consultation Office. We have taken measures using audio guidance through which the telephone
number of a person in charge is automatically dialed according to inquiries from customers from fiscal 2017, making efforts to improve
convenience for customers.

The number of complaints received from customers has tended to decline.
Going forward, we will continue working to improve customer satisfaction by paying close attention to the opinions of our customers.

Number of inquiries to the Customer Consultation

Number of Customer Complaints

OfficeGS Yuasa Customer Consultation Office(accepts inquires and provides consultation on the GS Yuasa Group's products)

Toll free (in Japan): 0120-43-1211 Hours: Weekdays 9:00 - 17:30(excluding Saturdays, Sundays, public holidays and holidays prescribed by the Company); Valid only within Japan,

Initiatives for Product Safety

Ensuring product safety of GS Yuasa Group's products has been positioned as a critical challenge because our products store,
control and convert electrical energy.

The Group has established a company-wide organization with the Product Safety Management Committee as the center, to promote
product safety management based on international standards for quality management systems. In addition to conforming to productsafety standards, each business division utilizes the results of product safety risk assessments as well as know-how gained from casestudies of failures to develop products that factor in the product usage environment and safety as the products are used, age, anddeteriorate. Further, in addition to making note of product unsafe events on a daily basis, we provide our customers with appropriate
product safety information. In the unlikely event of the occurrence of a product accident that may harm our customers, we implement asystem in which we immediately confirm the facts and investigate the cause, and respond to emergencies (providing prompt andappropriate information, first aid measures to prevent the occurrence and spread of harm, measures to prevent recurrence, and soon), as necessary. Also, for the continued enhancement of product safety management, we leverage information such as points for
improving product safety obtained through periodic internal audits and external inspection.

- 56 -

Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

GS Yuasa Product Safety Action Flow
No.

Flow

Details of activities

Process, mechanism

Review and final decisions about important productsafety issues
Disseminating information on product accidents
Promotion of
product safety1management(Product Safety
Management
Committee)

Calling on business divisions to ensure prevention

Risk Management Rules

before occurrence and prevention of recurrence of

GS Yuasa Quality Management

product-related accidents

SystemConfirmation and approval of the voluntary action plan

Regulations on management ofrelated to product safety

product safety

Reporting to the top management about the status ofoccurrence of unsafe events and instances ofapplication of product liability insurance

2

Formulate policies on product safety in business

Divisional policy bookdivisions

Quality-related manual for business

Ensure product safety in product realization process

divisions

Gather information on product safety

Claims information Centeron products andGather information on complaints, defects and

GS Yuasa website

services

accidents for our products and services

Daily quality report

Examine information, decide on and implement

Quality-related manual for businessappropriate steps and make continual improvements (todivisionsprevent a reoccurrence)

Manual on crisis management

Manage and respond to crises concerning product-

concerning product-related accidents

related accidents and quality-related claims

and quality-related claims

Take steps to prevent harm and any additional

Manual for implementing productaccidents

recalls

Product safety
activities

Gather information
3

Examine4

information andtake appropriate
steps

Status of achievement of product safety targets (Fiscal 2021)
Items

Number of serious
product accidents

TargetResult00

Scope of

Remarks

application

Group-wide

Applicable to product accidents involving death, serious injury orillness, permanent disability, fire, etc.

Improving Employees' Awareness of Quality

We are adopting a system under which all employees can be taught based on the type of their work and their experience through aquality education program systemized according to the level of quality control and type and rank of their job. Furthermore, basic
quality-related education has been compulsory for all new recruits since fiscal 2008 and their knowledge of quality control (QC) isevaluated based on the results of the QC examination. 256 passed from Grade 1 to Grade 4 in fiscal 2021 with a cumulative total of
3,270 people passing the exam company-wide up to fiscal 2021.

The Group is committed to working on quality-related education targeting employees to improve product quality and ensure the safetyof its products.

- 57 -

Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Quality-related Education
Quality

ReferenceManagement

Quality Education Course

Knowledge

External Seminars,

Target Ranks andetc.

Job Types

Level for
QC

Level

Examination●Quality Control
Symposium,

Quality●Quality

Management

Management

Officers, General
Managers-

Seminar for Officers
Key personnel in●Specialist Training Course for Manufacturing

the Technical(Learning practical knowledge to develop

Development

management skills), ●Experimental design method,

Department and●Reliability and quality engineering

Quality Control

Level 1

Department

Quality
Control

Quality

Application●Internal Quality Auditor Training, ●DRBFM, ●FMEA,●Product Safety (Methods), ●Product Safety(Outline), ●Quality Management System
Requirements, ●Estimation and Testing of statistical
hypothesis, ●Methods of statistical analysis

Management

Technological

Correspondence

development

Educationsection, Quality(Preparation course

management

for QC Examination

sectionLevel 2

Level 2)
Quality
Basic●Seven New OC tools, ●Methods of collecting andManagement

Knowledgesummarizing statistical data necessary for process

Correspondenceof Quality

control, ●Support for Taking QC Examination Level 3,

Education

Control and●"why-why analysis", ●Course for improving teamleadership, ●Daily management, ●TQM (Outline)(Equivalent to QC

TQM

Examination Level

All employees
who entered thecompany 2 orLevel 3more years ago

3)
Introduction
to Quality
Control､●QC Story Method, Seven QC tools ●Basic Quality

New employees(general)Level 4*Note: QC Exam levels are for reference only.

Number of Quality Education Courses and Participants (FY2021)
Level of quality management knowledge

Number of courses

Number of participants

Introductory

11

268

Basic

18

238

Applied

24

387

Total

53

893

Cumulative Total of Successful QC Examinees- 58 -

Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Developing Human Resources in Quality Management through "Monozukuri (Manufacturing) Expert"
Education

On the occasion of the 100th anniversary of its founding, the GS Yuasa Group launched the "Monozukuri Expert" education
workshops in October 2017, with the aim of developing continuously human resources who can "study Monozukuri diligently" under
the Group's Quality Policy.

At the workshops, we are aiming to develop human resources who will learn control technology required mainly for design
development and be capable of implementing such technology. Participants of the workshops are expected to become an expert after
a one-year training period and act as a core member for quality improvement in the workplace by utilizing his/her knowledge andexperience.

Examples of Activities

Presentation about Team Activities to Drive Kaizen (improvement)

The GS Yuasa Group is promoting kaizen team activities to bolster the awareness of quality among employees and conduct
aggressive quality management control in an effort to improve the quality of our products and services. In addition, we have held apresentation event at which kaizen teams present examples of their improvement activities since fiscal 2004, for the following
purposes:

Promotion of activities to enhance workplace capabilities
Learning from kaizen activities/successful results and horizontal deployment
Participation of all employees in kaizen activities
Promotion of dynamic communications
Building a corporate culture with a mindset focused on improvement
This presentation event was held twice (July and December) in fiscal 2021. Every year a large number of employees, including
overseas Group companies, participate at the venue, but this fiscal year in order to prevent the spread of the novel coronavirus
infection, only executives and concerned persons participated at the venue, and the audience participated online. In this situation,kaizen teams nominated by each business division presented examples of their improvement activities.

At the end of the presentation event, the executive officer in charge of quality gave feedback (individual and overall) to the teams, and
the President expressed his appreciation to the teams and provided an assessment of the presentations. Furthermore, the"encouragement award" by the President and the "impression award" determined by participants' votes were presented to teams.

At presentation events in recent years, not only kaizen teams in quality-related business divisions but also people in the sales anddevelopment divisions, management divisions, and internal divisions made presentations, with a variety of themes.

The GS Yuasa Group believes that everyone must attain quality management tools. Through the presentation event, we will shareexperiences/know-how in each workplace on a global basis and horizontally develop the results of improvement, continuing our efforts
to conduct various improvement activities.

Examples of themes in fiscal 2021
Eliminating non-compliance with pointing-and-calling within plant premises
Efforts to strengthen activities related to proposals for renewal of equipment
Enhancing operational efficiency based on a review of claim handling procedures for batteries
Improving retention rate of dispatched staff
Utilizing ICT to improve the efficiency of support methods for overseas production sites
Improving operational efficiency based on digitalization through work style reform
Enhancing operational efficiency through robotic process automation (RPA)- 59 -

Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

During the presentation (July 2021)

During the presentation (December 2021)

Holding an exhibition showing examples of critical quality problems

The GS Yuasa Group believes that failure at a workplace provides a valuable learning opportunity in terms of the prevention of
defective products.

From this perspective, we have taken measures from fiscal 2016; specifically, we share information on examples of past productrelated accidents caused by unsafe conditions and critical quality problems with employees so that we will never allow a similar quality
problem to occur.

In fiscal 2021, the critical quality problem example exhibition was held at the Kyoto Plant, one of our Group companies, and 239
employees participated in this exhibition. This year the exhibition was held with a limited number of participants in order to prevent the
spread of the novel coronavirus infection.

These exhibitions use panels and other means to explain the causes, mechanisms and other aspects behind the occurrence of pastcritical quality problems, helping employees recognize examples of past mistakes as important lessons. For further understanding ofsuch lessons, areas are provided onsite for exhibition-related presentations and Q&A sessions. Until fiscal 2018, the exhibition washeld for limited periods, but by changing it to a permanent exhibit, information on critical quality problems can be shared with
employees from sites other than the Kyoto Plant at any time.

Results of participant questionnaires indicate that these exhibitions are effective in raising employee awareness of quality issues.
Reflecting such visitor desires, exhibitions will continue to utilize the lessons of past failures to raise quality going forward.

At the critical quality problem example exhibition

At the presentation- 60 -

Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Global Environmental Conservation

We work for environmental conservation in order to reduce the impact of our business operations, products andservice on environment, and make continuous improvements.

Fundamental Environmental Policy and Environmental Mid-to Long-term Plans

Fundamental Environmental Policy

In recent years, we understand that our stakeholders have become increasingly concern about our environmental issues, including
climate-related issues. In such a situation, we believe that we are socially responsible for realizing a low-carbon society andcontributing to a recycling-oriented society.

The GS Yuasa Group has established this Fundamental Environmental Policy to outline our basic Group-wide approach toenvironmental efforts. The policy aims to clarify our social responsibility toward the environment and guide our contributions to theemergence of a sustainable society. We are also developing and using environmental management systems that will help to reduce
environmental impacts and prevent any accidents that could cause environmental pollution.

Fundamental Environmental Policy

Fundamental Philosophy
We are committed to people, society and the global environment through innovation and growth of our employees andbusiness entities. We will apply the advanced energy-related technologies we have built up through battery researchand development work to help form a carbon-neutral circular economy and bring about a sustainable society.

Action Agenda
1. Compliance with laws, regulations, and other requirements

We will strive to prevent environmental incidents, comply with legal requirements, and reduce risks connected withthe use of chemical substances, and continually improve our environmental management system with the aim ofenhancing our environmental performance.
2. Reducing environmental load

To contribute to the prevention of global warming, we will reduce greenhouse gas emissions and water consumption
levels across our entire supply chain.
3. Efficient utilization of natural resources

To contribute to the creation of a circular economy, we will minimize the amount of natural resources we use througha range of means, including reducing raw material usage, using recycled materials, and reducing wastage.
4. Environment-friendly products

To be able continue "creating the future of energy", we will develop and manufacture products that can contribute to
the formation of a carbon-neutral circular economy.
5. Disclosure

We will disclose environment-related information to stakeholders in an appropriate manner, and strive to coexist
harmoniously with communities through engaging in proactive communication.
6. Human resources development

We will foster, across the entire GS Yuasa Group, personnel able to forge the future of our business with the aim of
meeting our responsibilities in helping to create a carbon-neutral circular economy.

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Environmental Mid-to Long-term Plans

We have developed mid-term plans for important issues related to our fundamental environmental policy in order to contribute to theemergence of a sustainable society.
Since fiscal 2019 we have been promoting this as one of our business strategies to address key management issues that concern theentire Group by incorporating environmental objectives into our Mid-term Management Plan. In addition, we have set long-term CO2
emission reduction targets for fiscal 2021, taking into account the trends in the international community toward transition to a
decarbonized society and the carbon neutral targets of domestic governments. Going forward, the Group will continue to actively
promote initiatives to mitigate climate change and aim to achieve the long-term environmental goals.

Medium-term environmental goals (FY2019-2022)
Fiscal 2022

Results for the

Fiscal 2021

Items

base year
Objectives

Objectives

Results

Remarks(fiscal 2018)
Organizationalboundary (Scopeof application):
adopt the financial

CO2 emissions

6.0% reduction

4.0% reduction

compared withcompared withfiscal 2018

fiscal 2018

control approach

8.1% reduction

655,291t-CO2(not applicable tosales companies
and sales offices);
percentage ofemissions basedon reduction targetof company: 100%Water
consumption

8.0% reduction

6.0% reduction

compared withcompared withfiscal 2018

fiscal 201835.0% or more

34.0% or more

10.3% reduction

6,667,317m³

36.5%(31.9%)

Percentage ofenvironmentallyconsidered
products in total
sales of all
products
Ratio of recycled
lead used as leadraw materials in

Ratio of utilization
35.0% or more

35.0% or more

55.9%

(27.5%)

lead-acid batteriesof recycledmaterials in main
products*Scope: Seven domestic business sites, twenty overseas business companies*Due to effects of the novel coronavirus, the final year of the Group's Mid-Term Management Plan was changed from fiscal 2021 to
fiscal 2022, and consequently, this plan also was extended to fiscal 2022.

Long-term environmental goals (FY2030)
Item

CO2 emissions

Objectives(fiscal 2030)
Reduction of
30% or more

Base year

FY2018- 62 -

Scope

7 plants in Japan and 20 overseas groupcompanies

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Environmental Management Systems

Operation of environmental management systems

PDCA Cycle

At GS Yuasa Group, we are developing and using
environmental management systems that comply with the ISO
14001 international standard.

At every site, we use a PDCA (Plan, Do, Check, Act) cycle aspart of a systematic framework for environmental
management, enabling us to make continual improvements forenvironmental conservation.

Organizational Structure

Overview of Organizational Structure

In the organizational structure for GS Yuasa Group's
environmental management systems, the president of GS
Yuasa serves as the chief executive officer responsible forenvironmental management, overseeing the environmental
management of the entire Group working with officers incharge of environment under direct supervision. Environmental
issues that affect the entire Group, such as fundamental
environmental policy, are discussed and finalized atmanagement meetings.

We are also establishing environmental management systems*Seven domestic business sites have obtained integrated ISO 14001

for domestic business sites and overseas Group companies toenable quick and efficient communication within the group.

certification*Among our overseas Group companies, 19 business sites have obtained
ISO 14001 certification for systems currently in use

Starting in fiscal 2018, we are expanding the scope of ISO
14001 certification, the international standard forenvironmental management systems, from our main domestic
business sites to the entire Group, thereby building a system
for strategically achieving the Group's environmental goals.

ISO certification acquisition rate atdomestic and overseas production

96%

sites

Environmental Auditing

We conduct internal environmental audits at every GS Yuasa Group business site to determine whether our environmental policy is
being implemented appropriately and that environmental objectives are being met. In addition, we evaluate the environmental
management system to improve performance as well as to improve the system itself. We also have an environmental certification
agency conduct external environmental audits to check the conformity and effects of our environmental management systems.

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Internal environmental auditing
Internal environmental auditors — with qualifications gained from training both inside and outside the company — determine thecondition of the following:
1. Compliance with environmental laws and regulations, etc. (legal compliance audit)
2. Maintenance and management of environmental management systems (system audit)
3. Degree of achievement of environmental objectives (performance audit)

External environmental auditing
Audits of the status of maintenance and management for environmental management systems based on ISO 14001 standards andthe functioning of PDCA cycles confirmed that every business site adheres to ISO 14001 standards. We will continue working to
improve these systems by evaluating environmental management from a third-party perspective and by using information on suchitems as areas needing improvement.

Environmental Education

The GS Yuasa Group employs different types of environmental education to maintain and improve environmental management
systems. In addition, we regularly provide training to avoid exposure to environmental risk.

General Environmental Education
Education for
Employees
Education for
new recruits

In every division, we provide education to all employees to build awareness of their role in achieving theenvironmental policy.

New recruits are made aware of the GS Yuasa Group's basic philosophy on environmental management.

Specialized Environmental Education
Training ofinternal
environmental
auditors
Emergency
responsetraining

At every business location, we train internal environmental auditors and provide them with education to boost
their skills to continually improve our environmental management systems.

In every division, we regularly provide training on responses to potential emergencies to all employees working
in operations that have significant potential impact on the environment.

Environmental Compliance Management

The GS Yuasa Group regularly reviews the environmental laws and regulations that must be obeyed, and ensures, throughmonitoring, that operations are managed in a way that is legally compliant.

Further, business is conducted in compliance with environmental laws and regulations since we use hazardous substances, such as
lead, in our products and we must obey the laws and regulations related to the operation of recycling systems for used products.

There was no litigation and there were no punitive fines or administrative fines for nonadherence to environmental laws or regulations
in fiscal 2021.

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Environmental Risk Management

Our GS Yuasa Group develops environmental risk management with consideration to the different needs of our stakeholders. In every
business location, we work to prevent environmental pollution (atmospheric pollution, water contamination, etc.) through operational
management based on voluntary standards that are stricter than regulatory standards based on environmental laws, regional
ordinances and agreements.
In operations that have significant potential impact on the environment, we implement both tangible and intangible measures toreduce the risk of pollution. The tangible measures include: increasing the visibility of operations, preventing spills and using
equipment to remove noxious substances. Intangible measures include: equipment inspections, monitoring, measuring and enhancingof operational procedures.
We also hold emergency response training regularly to help mitigate damage in an emergency situation.
In fiscal 2021 there were no instances of emergencies directly related to environmental pollution at any of our business locations.

Appropriate Environmental Information Disclosure
The Group conducts environmental information disclosure in response to the CDP*1. The CDP requires companies to disclose
information of environmental strategies based on the needs of institutional investors and customers. As we recognize that climaterelated issues are one of the important management issues, we are working on climate-related information disclosure based on the
TCFD*2 framework.
For the volume of greenhouse gas emissions (including energy consumption), we disclose information for which authenticity of data
has been secured through third-party verification*3. We are also promoting disclosure of information on water security performanceand countermeasures with regards to water risks.
In the future as well, we are committed to working on disclosure of appropriate environmental information in response to the needs ofvarious stakeholders.

*

1 This is a global-standard information disclosure platform for corporate initiatives to address environmental issues (climate change,
water security etc.), with an established mechanism in which scores calculated based on corporate information disclosure are used
for evaluation by investors and others.

*2 An organization established by the Financial Stability Board at the request of G20 for examining climate-related information

disclosure and ways in which financial institutions can respond*3 We have received third-party verification from SGS Japan Inc. (Scope 2 verification data: CO2 emissions calculated based onmarket standards)
Statement on third-party verification (FY2021) (https://www.gs-yuasa.com/en/csr/pdf/SGS_220905e.pdf)
Refer to page 103 for information on our initiatives for the TCFD

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Activity to Decrease Environmental Burdens

Designing environmentally conscious products

The GS Yuasa Group's products have some impact on the environment during every stage of the product life cycle, from procurement
and manufacturing to transportation, use and disposal. In order to reduce the environmental burden throughout the product life-cycle
caused by the consumption of resources and the generation of greenhouse gases and waste, the Group is committed to improving the
product performance through designing that considers selection of raw materials, ease of disassembly and segregation, energy
conservation, and appropriate labelling.

For an environmental assessment of product design, design departments employ design standards and then evaluate the suitability of
products in design review (DR) meetings based on environmental impact assessments of every stage of the product life cycle. Whenenvironmental impact standards are not met, we review the design standards and redesign the product. We use the expertise of
several departments in addition to design departments, including engineering, marketing, procurement, quality and the environment,
to make sure that the results of Design for the Environment (DfE) are communicated widely, which also maximizes their effectiveness.

Flow of Environmental Assessment

Environmental Assessment Items
1. Energy conservation
2. Volume reduction
3. Recyclability
4. Ease of disassembly
5. Ease of separation processing
6. Safety and environmental conservation
7. Material selection
8. Ease of maintenance
9. Energy efficiency
10. Reusability (life extension)

Reflecting information in the products we distribute

Important information, such as customer requirements for GS Yuasa Group products, is used when we change the design of existingproducts or design new products. This helps boost the value of our Design for the Environment. Information from interested parties
related to after-sales service, returns and complaints are used as a valuable resource to improve the environmental performance of
products.

Management of chemical substances contained in products

The GS Yuasa Group takes steps to provide products with minimal environmental burden based on the Chemical SubstanceManagement Guidelines, which clarify the standards for chemical substances in products. These guidelines are part of initiatives to
examine chemical substances contained in materials delivered as stipulated in the GS Yuasa Group green procurement criteria. With
these guidelines, we classify chemicals contained in our main materials, as well as the secondary materials and the parts used in the
products that the Group makes and sells as either prohibited substances or managed substances. The GS Yuasa Group works with
our suppliers who supply main materials, auxiliary materials and components to identify and definitively manage the substances
covered by the guidelines to raise the environmental quality of our products.

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Popularizing environmentally considered products

The GS Yuasa Group defines environmentally considered products as those products that help mitigate global warming, and we are
actively working to develop and popularize such products.

In fiscal 2019 we started incorporating into the Group's Mid-Term Management Plan sales targets for environmentally considered
products, making it part of our business strategy to work on climate change through the products we provide to customers.

Examples of Environmentally Considered Products
Item

Description

Examples of products

Batteries forBatteries for vehicles with start-stop systems (ISS) for improving gas

vehicles with start-

mileage by allowing the engine to stop instead of idling to reduce fuelstop systems

consumption

Storage battery

A system to effectively utilize renewable energy (power conditioners,

systemlithium-ion battery, etc.)

Automotive
Lithium-ion
Batteries

Hybrid vehicle batteries and electric vehicle batteries that contributesignificantly to reducing greenhouse gases*Click image to enlarge
Increasing Usage Rate of Recycled Lead in Products

The GS Yuasa Group is working to increase the usage rate of recycled lead—the primary material used in lead-acid batteries, one of
our core products.
In fiscal 2019 we started taking action to work toward a recycling-oriented society as part of our business strategy by incorporating
into the Group's Mid-Term Management Plan targets for the usage rate of recycled lead contained in our lead-acid batteries.
The GS Yuasa Group has been taking action to recycle our post-use products by building and operating a recycling system based on
extended producer responsibility (EPR). Going forward, we also plan to strengthen our efforts to promote the use of recycled materials
in our products.

Reduction of CO2 Emissions by Promoting Group-wide Energy Management
The Group believes that it is important to continuously improve the energy management system associated with its business activities
and promotes the reduction of greenhouse gas emissions in order to respond to the social changes accompanying the transition to a
decarbonized society (such as requests from stakeholders to reduce greenhouse gas emissions, addition of carbon prices to the useof fossil fuels, and shift from fossil fuels to renewable energy).
The Group promotes initiatives that contribute to a low-carbon, sustainable society as part of our business strategy by incorporating
CO2 emissions reduction targets in production activities around the world in the Group's Mid-Term Management Plan. In fiscal 2021,
we launched a company-wide project (Energy Saving and Renewable Energy Project) to promote the target of long-term reduction of
CO emissions (reduction by fiscal 2030 of 30% or more compared to fiscal 2018 levels*). In this project, we are working on
2

promoting measures to save energy, introducing solar power generation facility in our own factories, and procuring renewable energy
from the market. In addition, we have established an energy management system at each business site and Group company and arepromoting measures to save energy and initiatives for the introduction of renewable energy.
The Group will continue to promote initiatives to realize carbon neutrality in order to fulfill the role of the company in the transition to asustainable decarbonized society.

*The Group manages CO2 emissions in totality and not on a basis of intensity, with the aim of reducing greenhouse gas emissions
consistent with the Paris Agreement.

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Energy conservation activities for logistics

The GS Yuasa Group promotes energy conservation for freight forwarding (shipping) as one way to reduce the environmental burden
during the product life cycle.
As part of coordinated efforts to save energy, we created a system to identify the quantity of goods being shipped, as well as energy
consumption and CO2 emissions during logistics. We have established a system to identify the quantity of goods being shipped, as
well as energy consumption and CO2 emissions during logistics, and are implementing energy saving measures such as reducing thequantity of items shipped between sites by integration of physical distribution bases and a modal shift from trucks to rail containers
and other related systems for transportation.
In addition, the Group has been designated as certified by the Eco Rail Mark System* for four series of batteries for automobiles andmotorcycles. By getting customers to purchase certified products, we are promoting activities in which customers and companies
can participate together to reduce the burden on the environment.
Our Group promotes logistics that consider the environment by active utilization of rail freight transportation.
*A system of certification by the Railway Freight Association, for companies and products that make thorough use of railtransportation for minimal environmental burden.

Examples of GS Yuasa Group products with Eco Rail certification

Refer to page 77 for data on changes in energy consumption and CO2 emissions during transportation

Initiatives for Water Security

The Group uses a large amount of quality fresh water for applications such as dilution of electrolytes, which are storage battery
materials, and cooling of storage batteries in the charging process. Since water resources are important natural resources for thecontinuation of business activities, we believe it is important to work on ensuring quality freshwater and reducing water consumption.
Therefore, we are working to improve the efficiency of water use in conjunction with our business strategy by incorporating the target
for reducing water consumption in production activities worldwide (reduction of water consumption by 8% by fiscal 2022, incomparison to fiscal 2018) in its Mid-Term Management Plan. We also respond appropriately to restrictions on water intake, etc.
imposed by the national and local governments.

In addition, in the production process of lead-acid batteries, water containing harmful substances (such as lead) is discharged. The
Group recognizes the importance of properly treating wastewater so that such wastewater does not adversely affect the surroundingsof our business sites. For this, we are committed to implementing wastewater management based on voluntary management
standards that are stricter than regulatory standards, in order to ensure compliance with wastewater standards based on laws andregulations and regional agreements.

By securing water necessary for business activities and through an appropriate response to water risks such as environmental
pollution around business sites due to wastewater, the Group aims to promote water security initiatives as well as realize thesustainable use of water resources. Further, we are responding to climate change-related risks based on the TCFD recommendations
with respect to risks of damage due to floods (such as the shutdown of our factories due to flooding and disruptions in the supply
chain).

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Energy conservation activities for logistics

The GS Yuasa Group promotes energy conservation for freight forwarding (shipping) as one way to reduce the environmental burden
during the product life cycle.
As part of coordinated efforts to save energy, we created a system to identify the quantity of goods being shipped, as well as energy
consumption and CO2 emissions during logistics. We have established a system to identify the quantity of goods being shipped, as
well as energy consumption and CO2 emissions during logistics, and are implementing energy saving measures such as reducing thequantity of items shipped between sites by integration of physical distribution bases and a modal shift from trucks to rail containers
and other related systems for transportation.
In addition, the Group has been designated as certified by the Eco Rail Mark System* for four series of batteries for automobiles andmotorcycles. By getting customers to purchase certified products, we are promoting activities in which customers and companies
can participate together to reduce the burden on the environment.
Our Group promotes logistics that consider the environment by active utilization of rail freight transportation.
*A system of certification by the Railway Freight Association, for companies and products that make thorough use of railtransportation for minimal environmental burden.

Examples of GS Yuasa Group products with Eco Rail certification

Refer to page 77 for data on changes in energy consumption and CO2 emissions during transportation

Initiatives for Water Security

The Group uses a large amount of quality fresh water for applications such as dilution of electrolytes, which are storage battery
materials, and cooling of storage batteries in the charging process. Since water resources are important natural resources for thecontinuation of business activities, we believe it is important to work on ensuring quality freshwater and reducing water consumption.
Therefore, we are working to improve the efficiency of water use in conjunction with our business strategy by incorporating the target
for reducing water consumption in production activities worldwide (reduction of water consumption by 8% by fiscal 2022, incomparison to fiscal 2018) in its Mid-Term Management Plan. We also respond appropriately to restrictions on water intake, etc.
imposed by the national and local governments.

In addition, in the production process of lead-acid batteries, water containing harmful substances (such as lead) is discharged. The
Group recognizes the importance of properly treating wastewater so that such wastewater does not adversely affect the surroundingsof our business sites. For this, we are committed to implementing wastewater management based on voluntary management
standards that are stricter than regulatory standards, in order to ensure compliance with wastewater standards based on laws andregulations and regional agreements.

By securing water necessary for business activities and through an appropriate response to water risks such as environmental
pollution around business sites due to wastewater, the Group aims to promote water security initiatives as well as realize thesustainable use of water resources. Further, we are responding to climate change-related risks based on the TCFD recommendations
with respect to risks of damage due to floods (such as the shutdown of our factories due to flooding and disruptions in the supply
chain).

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Examples of a water risk initiative
Classification

Water
consumption

Items

Reusing water

Wastewater
management

Example of Initiative

Recycling water used in the production process

Thorough implementation and management based on voluntary
management standards that are stricter than regulatory standards; regular
maintenance and management of wastewater treatment facilities

Treatment ofPreventing under

Installation of dikes at wastewater treatment facilities and impermeability of

wastewater

seepagefloor surfaces

Responding toemergency
situations

Establishing response procedures and training for emergency situations incase of water leakage

Refer to page 81 for data on changes in water consumption at our Group
Refer to page 81 for data on changes in amount of wastewater at our Group
Refer page 76 for status of violations of permits, standards, and regulations related to water quality and quantity

TOPICS

Reuse of Treated Rainwater

The Group is committed to promoting water reuse and water conservation at its plants in order to ensure the efficient use ofwater.

At our Gunma Plant, we are working to reduce industrial water consumption by reusing water that has been properly treatedby rainwater treatment facilities, such as backwash water of industrial water filtration equipment and rainwater. Through thisinitiative, we aim to reduce industrial water consumption by approximately 1,500 m³/year or more.

Rainwater treatment facility

Preventing Atmospheric Pollution

The Group believes that to prevent any damage to the health and the living environment of local residents, it is crucial to appropriately
process substances that are emitted into the atmosphere in the course of our business activities. For this, we are committed tothorough implementation of our environmental management system that conforms to international standards and which ensures that
our operations are in compliance with atmospheric emission standards based on laws and regulations concerning soot and smoke,
dust, volatile organic compounds, etc. as well as regional agreements. Also, by adopting appropriate measures to prevent
atmospheric pollution (installation of dust collectors and maintenance and management of related equipment, etc.), we are making
efforts to prevent adverse effects of atmospheric pollution in the vicinity of our business sites. Further, we regularly monitor, and adopt
appropriate measures in response to, updated information on atmospheric pollution standards of national and local governments.

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Waste Management

The Group considers that promoting effective utilization of resources as well as the 3Rs (reduce: reduce waste generation; reuse; andrecycle) are crucial for contributing to the realization of a recycling-oriented society. As lead-acid batteries that constitute the Group's
main product use harmful substances (such as lead) as raw materials, we are committed to stressing on the importance of proper
disposal of waste generated in our production processes.

By promoting quality improvement activities aimed at reducing in-process defects, the Group ensures reduced waste generation(including hazardous waste). In addition, we are committed to reducing amount of waste generated by reusing raw material loss (suchas lead scrap) in the production processes. As for recycling, we are engaged in activities to improve the rate of recycling of resources.
We have also established a system to ensure proper disposal of waste in accordance with laws and regulations so as to prevent
improper waste disposal (including illegal dumping).

Examples of initiatives for effective use of resources
Strict implementation of waste separation rules
Appropriate selection of recycling companies
Reusing raw materials loss

Examples of operations to ensure proper waste disposal
Establishing a company-internal system to promote proper waste management
Strict implementation of waste separation and waste storage rules
Periodic on-site inspections of waste disposal contractors
Nurturing personnel in charge of waste disposal practices (including implementation of regular education on waste)

Refer to page 77 for data on waste-related changes (amount of recycling, quantity of final disposal)

Resource Recycling of Used Product

The GS Yuasa Group believes in the importance of creating and operating a system for recycling resources from our used products to
help create a recycling-oriented society. To achieve this goal, the Group is promoting initiatives for processing used products andresource recycling by using the wide area certification system.

A wide-area certification system aims to involve the manufacturers of a product in the product's recycling and disposal once it reaches
the end of its useful life. These systems make possible more efficient recycling and provide feedback on product design leading toeasier disposal and reuse, while ensuring that discarded goods are disposed of properly.

In January 2008, the GS Yuasa Group in Japan acquired wide-area certification from the Ministry of the Environment for industrial
batteries and power supplies, and in January 2009 started accepting orders in earnest for a recycling system based on thiscertification. Even following the start of operations, we continue to make improvements such as expanding the scope of covered
products and reviewing operational rules to create mechanisms for the reliable and proper disposal of used industrial batteries.

In the future, we will promote even more effective operation of the wide-area certification system to improve customer service as wellas to recycle and properly dispose of post-use products.

Refer to page 77 for a five-year trend on end-of-life recycling of industrial batteries and power supplies.

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Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

TOPICS

Initiatives to Reduce Waste Discharge

The Group is committed to promoting initiatives to reduce discharge of hazardous waste (including lead-containing sludge
and waste alkali), as well as non-hazardous waste (wood chips, and waste plastics, etc.) generated as part of the production
processes. GS Yuasa Ibaraki Co., Ltd. has reduced wood pallet discharge by approximately 5.8 tons in fiscal 2021, throughconsistent efforts toward miniaturization of wood pallets used when shipping products.

Miniaturized wooden pallets

Identifying chemical substance emissions

Today, chemical substances used at GS Yuasa group's business sites include those subjects to reporting under the PRTR Law*. The
Group incorporates the management of hazardous substances into environmental management and regularly assesses how they
have been handled to reduce environmental risk and related legal compliance.
PRTR (Pollutant Release and Transfer Register) Law
This law covers identifying, etc., the emissions of specific chemical substances into the environment and promotes improved
management. The law requires businesses to collect, tabulate and disclose data related to hazardous chemical substances, theirsources, the amount of emissions and how much is transferred out of the plant, including as waste.
*Class I Designated Chemical Substances (substances that may damage people's health or interfere with the growth of animals andplants) are subject to reporting under the PRTR system. Of these substances, those that have carcinogenic properties are classified
as Specific Class I Designated Chemical Substances.

Refer to page 77 for data on chemical substance emissions.

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TOPICS

Initiatives for Biodiversity
The Group commenced initiatives for the conservation of regional biodiversity in June 2021.
At our Kyoto Plant, we participate in the Futaba Aoi Cultivation Program organized by the Afuhi Project located in thepremises of the Kamigamo Shrine in Kyoto City, and are involved in the cultivation of the Futaba Aoi, a plant endemic toJapan, in the plant premises. In addition, the cultivated Futaba Aoi plant was handed back to Kamigamo Shrine in May, 2022
and this returned Futaba Aoi will be used for the Aoi Katsura at the Aoi Festival, one of the three major festivals in Kyoto.
From next year as well, we plan to our participation in the Afuhi Cultivation Program and are committed to considering andpromoting appropriate biodiversity initiatives to which the Group can contribute.
*Afuhi Cultivation Program:The cultivation of Futaba Aoi by "Aoi no Mori" located in Kamigamo Shrine is a program tocultivate the Futaba Aoi externally (that is by individuals, companies etc.). This is because there isa high risk of animal damage attributed to deer and moles and abnormal weather, etc. A projectthat aims for external cultivation of Futaba Aoi (by individuals, companies etc.) to avoid the highrisk of animal damage attributed to deer and moles and abnormal weather when the Futaba Aoi iscultivated in the "Aoi no Mori" situated within the premises of the Kamigamo Shrine.

Futaba Aoi

Transplanting the Futaba Aoi- 73 -

Offering the Futaba Aoi

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Environmental Performance and Environmental Accounting

We are committed to continually improving environmental performance andto evaluating the effectiveness of our environmental activities.

Environmental Performance Data

Environmental Performance of Domestic Business Sites

Scope of calculations
Scope of application

GS Yuasa International Ltd. (Kyoto, Osadano, Gunma, Ritto and Odawara Plants), GS Yuasa
Energy Co., Ltd. and GS Yuasa Ibaraki Co., Ltd.

Greenhouse gas
emissions related to
Scope 2

(1) Scope 2 emissions refer to CO2 emissions calculated based on market standards*.
(2) The CO2 conversion factor for calculating CO2 emissions for power consumption uses
emission intensity data for fiscal 2016 from the Electric Power Council for a Low Carbon
Society (ELCS) (0.52 t-CO2/MWh). However, the conversion factor for power derived fromrenewable energy is set as zero.

Remarks(1) Environmental performance related to transportation refers to actual values for GS Yuasa
International Ltd.
(2) The scope of application has been expanded from fiscal 2018 (addition of GS Yuasa
Energy Co., Ltd.).
(3) The Ritto Plant includes actual figures of Lithium Energy Japan Ltd.
(4) All data was reviewed prior to disclosed.
(5) The CO2 emissions from manufacturing in fiscal 2021 are provisional figures.

*

A method of calculating Scope 2 emissions based on the contents of the contract for purchased electricity.

- 74 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Environmental performance data (fiscal 2021)
Classification

Product life
cycle

Items

Unit

Total

Virgin materials

Amount of mainmaterials

Contentt

188,020

consumption

Recycled
materials
Water forindustrial use

Amount of water
consumption

m³

2,252,028

Production

Undergroundwater
Public watersupplyAmount of
INPUT

energy consumption(crude oil

kL

96,080conversion)

Breakdown

122,505

1,021,241

247,518

81,466
11,517

gasoline

etc.
Third party
water

983,269

City gas

Kerosene andLead, sulfuric
acid, plastics,

65,515

Electricity

LPG

Remarks

Third party
water

3,019

79

EnergyAmount ofPhysicalenergy consumption

distribution(crude oil

consumption
kL

3,598

Kerosene andgasoline

3,598

conversion)

based onvolume ofcargo
transportation

Waste

Volume of usedproducts recovered

Industrial
t

4,773

Batteries, Power

4,773

Supplies
Waste plates,
batteries, and4,973

lead paste
Metal scraps
Lithium-ion
batteries
Waste paper
Amount of waste
dischargedt12,587and garbage
Sludge

596

2,689

894

1,123

Waste acids,
alkaline

810

substances

OUTPUT

Waste plastic

659

Wood scraps

447

Other

397

Production
Waste plates,
batteries, and4,973

lead paste
Metal scraps
Lithium-ion
batteries
Waste paper
Amount of recyclingt

12,083and garbage

596

2,689

801

Waste acids,
alkaline

735

substances- 75 -

Sludge835

Waste plastic

640

Wood scraps

445

Other

370

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Classification

Product life

Items

cycle

Unit

Total

Content

Breakdown

Sludge288

Waste plastic

19

Waste paper

93

and garbage
Amount of finaltdisposal

504

Remarks

Wood scraps

2

Waste acids,
alkaline

75

substances
Other

27

Public water

1,131,316

bodyAmount of waste

m³

water

1,938,523
Sewage807,207

disposalAmount of CO2
emissionst-CO2

Electricity

141,294

City gas

22,259LPG

6,909

distribution

emissionsemissions

Scope 1emissions205

gasoline
Amount of CO2

Scope 2

170,667

Kerosene andPhysicalRiver

Scope 3
t-CO2

9,484

9,484

emissions(category 4)

Volume ofused products

t

3,952

3,952

t

822

822

recycling
Waste
Final disposal
volume (usedproducts)

Status of violations of permits, standards, and regulations related to water quality and quantity (fiscal 2021)
Items

Number of violations of laws and regulations
for which have been imposed penalties

Number of administrative measures

Water intake

00

Waste water00- 76 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Data on changes in environmental performance
Category

Items

Unit

fiscalfiscalfiscalfiscal

2017

2018

2019

2020

2021

Amount of main materials consumptiont137,701

200,486

197,972

186,225

188,020

Amount of water consumption

m³

1,409,366

2,366,429

2,393,768

2,378,491

2,259,805

kL

76,54095,857

95,097

94,212

96,080

kL

3,140

3,078

3,411

3,409

3,598

Volume of used products recovered

t

4,505

4,276

4,294

5,006

4,773

Amount of recycling (waste)t

10,623

10,266

12,80911,126

12,083

Amount of energy consumption in production(crude oil conversion)

INPUT

fiscalAmount of energy consumption in physicaldistribution(crude oil conversion)

Amount of final disposal (waste)

t

283

343

629

598

504

Amount of wastewaterm³

1,134,131

1,937,866

2,041,969

2,100,937

1,938,523

147,746

192,280

190,737

188,990

170,667

8,119

7,970

8,931

8,953

9,484

t

3,740

3,559

3,566

4,156

3,952

t

765

717

728

850

822

Amount of CO2 emissions in production
OUTPUT

Amount of CO2 emissions in physical

tCO2
tCO2

distribution
Volume of used products recycling(used products)
Final disposal volume(used products)

Changes in consumption of major raw materials
Items

Unit

Fiscal 2017

Fiscal 2018

Fiscal 2019

Fiscal 2020

Fiscal 2021

Lead compoundst104,472

150,415

148,486

139,299

139,669

Sulfatet

20,511

31,69531,76930,18930,899

Plastic

t

9,635

14,324

14,18513,80013,351

Status of release and transfer of substances subject to the PRTR Law (Unit: kg)
Substances subject to

Sites

the PRTR Law

Released
into the air

ReleasedTransferred

Transferred

into public

to sewage

outside thewaterways

system

site

Total

Kyoto

77.0

0.0

3.7

17,000.0

17,080.7

Osadano

45.0

0.0

11.0

2,300.0

2,356.0

Gunma

22.0

3.5

0.0

67.1

92.6

7.0

5.2

0.0

3,400.0

3,412.2

15.0

4.8

0.0

50.0

69.8

Kyoto

3.1

0.0

0.3

4.4

7.8

Arsenic and its

Gunma

0.0

0.5

0.0

0.0

0.5

*
inorganic compounds

GS Yuasa

0.0

0.0

0.0

0.3

0.3

10.0

0.0

0.3

1.6

11.9

Osadano

0.0

0.0

2.3

0.0

2.3

Gunma

0.0

1.8

0.0

0.0

1.8

0.0

0.0

0.0

0.2

0.2

Kyoto

0.0

0.0

0.0

4,000.0

4,000.0

Osadano

3.9

0.0

0.0

0.1

4.0

0.0

0.0

0.0

27,000.0

27,000.0*
Lead compounds

GS Yuasa
EnergyGS Yuasa
Ibaraki Co., Ltd.

EnergyKyoto

Antimony and its compounds

GS Yuasa
EnergyManganese and its
compounds

Lithium EnergyJapan- 77 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Items

*
Nickel compounds

Unit

Fiscal 2017

Fiscal 2018

Fiscal 2019

Fiscal 2020

Fiscal 2021

Kyoto

0.0

0.0

0.0

440.0

440.0

Osadano

1.4

0.0

0.0

0.1

1.5

Odawara

0.0

0.0

0.0

0.0

0.0

Ritto

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

2,000.0

2,000.0

Kyoto

0.0

0.0

0.0

350.0

350.0

Osadano

0.1

0.0

0.0

0.0

0.1

Odawara

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

2,000.0

2,000.01,600.0

0.0

0.0

35.0

1,635.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

1,784.5

15.8

17.6

58,648.8

60,466.7

Lithium
EnergyJapan

Cobalt and its
compounds

Lithium
EnergyJapan
GS

Dichloromethane

Yuasa
IbarakiCo., Ltd.

Cadmium and its
compounds

OdawaraGS
Triethylenetetramine

Yuasa
IbarakiCo., Ltd.

Total*

Production of Specific Class I Designated Chemical Substances

The Group's Environmental Performance

Aggregation criteria
Scope of application

The Group's production bases (Domestic: 7 business sites; Overseas: 20 business sites)

Scope of application(1) The scope of application of Scopes 1 and 2 is the same as the above scope of
application.

regarding greenhousegas emission

Greenhouse gas(2) Regarding the scope of application of Scope 3, the scope of calculation is clearly
indicated for each category.
(1) Scope 2 emissions show the CO2 emissions calculated using the methods of market

emissions related tostandards*1 and location standards*2 respectively. Further, the Group's reduction targets

Scope 2for greenhouse gas emissions focus on CO2 emissions calculated based on market
standards.
(2) The CO2 conversion factor in the calculation of CO2 emissions associated with powerusage uses the following published values. However, in market standards, the conversion
factor for electricity derived from renewable energy is set to zero. Japan: The primary unitof CO2 emissions of the Electric Power Council for a Low Carbon Society (ELCS) Outsideof Japan: Individual country-based GHG protocol factors

Remarks(1) We have been expanding the scope of application since fiscal 2018.
(2) Regarding greenhouse gases other than CO2 are excluded from calculation because theirrelationship to the Group's business activities is negligible and due to extremely low
emissions.
(3) All data is disclosed after review.
(4) The CO2 emissions in fiscal 2021 are provisional figures.

- 78 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)*

1 A method of calculating Scope 2 emissions based on the contents of the contract for purchased electricity (a calculation method
taking into account the amount of renewable energy procured)*

2 A method of calculating Scope 2 emissions based on the average electricity emission factor for specific locations (a calculation
method that does not take into account the amount of renewable energy procured)CO2 emissions and water consumption by country (FY 2021)
CountryJapan*
CO2 Emissions

Water Consumption(t-CO2)(m³)

170,667（）

2,259,805

192,744

China

43,478（）

349,295

65,498

Taiwan74,163（）

352,001

74,163

Vietnam

13,927（）

237,473

13,927

1,599（

Malaysia）

37,988

1,599

Indonesia

125,314（）

670,685

125,314

Thailand

49,657（）

666,587

49,657

India

21,218（）

103,975

21,218

Pakistan

26,209（）

399,027

26,209Turkey41,106（）

742,460

41,106

United Kingdom

11,203（）

61,066

11,203

9,779（

United States）

56,716

9,779

Australia

14,017（）

43,06514,017154（ ）Hungary

381

154

Total

602,492（）

5,980,525

646,589*This shows CO emissions calculated based on market standards. Also, the figures in parentheses are CO emissions (reference22values) calculated based on location standards.

- 79 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

CO2 emissions and water consumption by production sites for the Group (FY 2021)
Country

Production site

GS Yuasa International Ltd. (Kyoto, Osadano, Gunma, Ritto
and Odawara Plants)

Japan

*
CO2 Emissions

Water Consumption(t-CO2)(m³)

138,376（）

1,312,173

158,093

29,858（

GS Yuasa Energy Co., Ltd.

）

791,946

29,8582,433（

GS Yuasa Ibaraki Co., Ltd.

）155,686

4,792

14,418（

Tianjin GS Battery Co., Ltd.

）

211,21336,438

China

22,968（

Yuasa Battery (Shunde) Co., Ltd.

）

123,282

22,9686,092（

GS Battery (China) Co., Ltd.

）

14,800

6,092

54,110（

Taiwan Yuasa Battery Co., Ltd.

）261,901

54,110

Taiwan20,053（

GS Battery Taiwan Co., Ltd.

）90,10020,053

Vietnam

13,927（

GS Battery Vietnam Co., Ltd.

）

237,473

13,927

Malaysia

GS Yuasa Battery Malaysia Sdn. Bhd.

1,599

（

）

37,988

1,599

66,171（

PT. GS Battery）

369,671

66,171Indonesia

31,449

（PT. Trimitra Baterai Prakasa）

151,334

31,44927,694（

PT. Yuasa Battery Indonesia）

149,680

27,69431,548（Siam GS Battery Co., Ltd.

）477,306

31,548ThailandYuasa Battery (Thailand) Pub. Co., Ltd.

11,788（）

157,219

11,788

6,321（

GS Yuasa Siam Industry Ltd.

）

32,062

6,321

India

Tata AutoComp GY Batteries Private Limited

21,218（）

103,975

21,218

Pakistan

26,209（Atlas Battery Ltd.

）399,027

26,209TurkeyInci GS Yuasa Aku Sanayi ve Ticaret Anonim Sirketi

41,106（）

742,460

41,106

United Kingdom

GS Yuasa Battery Manufacturing UK Limited

11,203（）

61,066

11,203

United States

9,779

（

Yuasa Battery, Inc.

）

56,716

9,779

Australia

Century Yuasa Batteries Pty. Limited

14,017（）

43,06514,017

Hungary154（ ）GS Yuasa Hungary Ltd.

381

154

*This shows CO emissions calculated based on market standards. The figures in parentheses are CO emissions (reference values)
22
calculated based on location standards.

- 80 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Changes in Scope 1 and 2 emissions (Unit: t-CO2)
Items

*
*

Fiscal 2017

Fiscal 2018

Fiscal 2019

Fiscal 2020

Fiscal 2021

Scope 1 emissions

82,61790,80985,65583,471

89,631

Scope 2 emissions

532,162

564,482558,077

534,645

512,861Total

614,779

655,291

643,732

618,115

602,492

The data in this table has undergone third-party verification.
Scope 2 emissions are calculated based on market standards.

Our calculated Scope 3 emissions (Fiscal 2021)
No.

CO2 Emissions

Category

1

Purchased goods and services

2

Capital goods

471,173
45,615

Fuel- and Energy-related activities

3

86,686

not included in scope 1 or scope 2
Upstream transportation and4

distribution

5

Waste generated in operations

6

Business travel

7

Employee commuting
Total

*

Scope of application(t-CO2)

Production sites of GS Yuasa International Ltd.
Domestic production sites (7 business sites)
The Group’s production sites(domestic: 7 business sites; overseas: 20 business sites)

9,484

Production sites of GS Yuasa International Ltd. (Restricted
to transportation of freight involving specified shippers*)

1,089

Domestic production sites (7 business sites)

732

Domestic production sites (7 business sites)

2,103

Domestic production sites (7 business sites)

616,881

Shippers whose annual freight transportation volume exceeds 30 million ton-kilometers based on the Law Concerning the Rational
Use of Energy

Changes in the water consumption for the Group (Unit: m³)
Water source
Water for industrial use(Third party water)
Underground water
Public water supply(Third party water)

Fiscal 2017

Fiscal 2018

Fiscal 2019

Fiscal 2020

Fiscal 2021

4,001,602

4,230,208

4,203,782

3,771,363

3,680,432

902,480

1,586,720

1,494,775

1,506,265

1,475,249

1,531,413

839,618

823,262

783,406

824,843

Other

65,28013,05625,446

0

0

Total

6,500,776

6,669,602

6,547,264

6,061,034

5,980,525

Changes in the amount of wastewater (Unit: m³)
Discharge destination
River
Underground water
Total*

Fiscal 2017
1,265,967

Fiscal 2018
1,882,505

Fiscal 2019
2,138,376

Fiscal 2020
1,940,289

Fiscal 2021
1,810,965

699,5192,502,947

2,387,598

2,382,658

2,346,663

1,965,486

4,385,452

4,525,974

4,322,948

4,157,628

The figures for fiscal 2017 were calculated only for domestic business sites.

- 81 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Environmental Accounting

Scope of calculations for environmental accounting
Structures

Seven domestic sites (GS Yuasa International Ltd. (Kyoto, Osadano, Gunma and Odawara
Plants), GS Yuasa Energy Co., Ltd., Lithium Energy Japan and GS Yuasa Ibaraki Co., Ltd.).
Note, however, that environment-related equipment costs within business area costs do notinclude onsite affiliated companies.

Period covered

April 1, 2021 - March 31, 2022

Reference

Environmental Accounting Guidelines 2005 Edition (issued by the Ministry of the Environment)

Environmental conservation costs (categorized by business activity)
Total
Category

Key initiatives(Thousands ofyen)

Business area costs(total)1,735,200

Pollution prevention costs

Breakdown

Global environmental
conservation costs
Resource recycling costs

Upstream and downstream costs*1

Efforts to prevent air, water and soil pollution

1,408,359

Efforts to reduce greenhouse gas emissions

152,728

Efforts to ensure suitable disposal of waste

174,113Additional efforts to reduce environmental burdenManagement activity costs*2

24

Employee education and ISO 14001 maintenance and7,063

management
Research and development efforts in consideration of the

Research and development costs

environment

Social activity costs

Environmental volunteer efforts

Environmental remediation costs*3

Efforts related to soil pollution measures

12,383,000

4,748
694

Total

14,130,729

Economic effect of environmental conservation initiatives
Monetary amount
Category

Key item(Thousands ofyen)

Economic effects of more efficient water
use

Water use and wastewater cost reduction*3

12,093

Cost reductions for electricity, heavy oil and gas (city gas, LNG,
Energy conservation effects-752,027

LPG)*3

Waste reduction effects

Cost reduction for industrial waste treatment*3

Resource recycling effects

Profit from recycling and reusing waste- 82 -

30,258387,176

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Effect of environmental conservation
Category

Effects related to resources used inbusiness activities

Key items

Material amountUnit

Amount of recycled water used

1,002,755

m³

118,686

m³

Amount of energy saved (crude oil conversion)*3-1,868kL

Amount of CO2 reduced*3

18,323t-CO2

Amount of reduction in water use*3

Amount of waste reduced (final disposal volume)*3

Effects related to environmental burden andwaste from business activities

Amount of wastewater reduced*3
Amount of waste recycled

Recycling rate*4[Water quality] Amount of lead discharged[Air] Amount of lead emitted

94

t

162,414m³

12,083

t

96

%

28.2

kg

166.0

kg

*1 Upstream and downstream costs are the total of consulting expenses and expenses for contracts to create new products basedon the Law for Promotion of Sorted Collection and Recycling of Containers and Packaging.

*2 In addition to employee education, and costs related to ISO 14001 maintenance and management, the management activity cost
includes expenses related to information disclosure.

*3 The tables show amounts reduced compared with the previous fiscal year (negative amounts represent increases).
*4 Recycling rate (%) = (amount recycled / amount of waste) x 100- 83 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Building Better Relationships with Local Communities

We seek to contribute to solutions to social issues through our business activities so that we can support the soundand sustainable development of local communities.

Contributions to Society

Contribution to the SDGs through Our Business Activities

The Sustainable Development Goals (SDGs) express priority global issues and the ideal status of global society in relation toeconomics, society, and the environment in the lead-up to 2030. Many countries, companies, and other organizations are actively
addressing these issues with the aim of creating sustainable societies.

The GS Yuasa Group believes that it can contribute to achieving the society sought by the SDGs by practicing our corporate
philosophy of contributing to people, society, and the global environment through innovation and growth of our employees andbusiness entities. The Group is developing globally with storage batteries as its main products, and by providing products andservices to regional societies in every country of the world by making use of the storage battery technologies we have accumulated
through more than a century of experience, we are working to solve the shared problems of the international community. In addition,
the Group has decided to consider CSR issues that have an impact on its business as well as a significant impact on society, as
materiality. By promoting activities that respond to materiality, we aim to maximize the positive impact and minimize the negative
impact on global social issues.
Refer to page 111 for information on our efforts to contribute to the SDGs with Group products and services.
Refer to page 107 for information on the Group's contribution to SDGs through its response to materiality.
Refer to page 12 for the Group's materiality.

Contributions to R&D Relating to Space Development Applications

The Group's space lithium-ion batteries are used on the International Space Station (ISS). The ISS is a manned test facility
constructed approximately 400 km above the Earth's surface. It is used through the cooperation of many countries.
The main objective of the ISS is scientific and technological advances through various experiments and research in outer space, andthe results of research, experimentation, and measurement are contributing to enriching lifestyles and enhancing industrial
competitiveness. It is a key facility for making significant advances in space development and is also a symbol of international
cooperation and peace operated jointly through the provision of state-of-the-art technologies by numerous countries.*
Power for all equipment on the ISS including experimentation and observation devices and life support systems is supplied byphotovoltaic power generation. However, power generation ceases 16 times each day as the ISS passes through the earth's shadow,
and during these periods, power is supplied by GS Yuasa lithium-ion batteries for space use that are charged while the station is in
the sunlight.
The GS Yuasa Group will continue contributing to the development of science and technology for the realization of a sustainable
society through development and manufacture of high-performance lithium-ion batteries.

*Source: the Japan Aerospace Exploration Agency (JAXA)- 84 -

Building Better Relationships with Local Communities

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Free Provision of Products to Local Communities

PT.GS Battery (below, PTGS) located in Indonesia, continues to supply storage batteries manufactured by our company to the firebrigades in Karawang Province, Indonesia. In Indonesia, where natural disasters (such as earthquakes, tsunamis, and floods) are
many, disaster management activities carried out by the Karawang fire brigades play a very important role. PTGS assist the firebrigades in their smooth operations through the continuous supply of storage batteries. In fiscal 2021, in addition to donations to otherpublic institutions, PTGS provided 86 storage batteries free of charge.

Inci GS Yuasa Aku Sanayi ve Ticaret Anonim Sirketi (below, IGYA), located in the Republic of Turkey, ensures a continued supply of
storage batteries manufactured by our company to all vehicles owned by Turkey's largest search and rescue organization, and has
donated a total of 68 storage batteries since fiscal 2019. IGYA has also received training in fire, search and rescue, and disaster
preparedness from the same organization in order to prepare for the establishment of an in-house rescue team.

Siam GS Battery, located in Thailand has donated our company manufactured storage batteries to the Thung Yai Naresuan Wildlife
Sanctuary and Border Patrol in Kanchanaburi Province. The Thung Yai Naresuan Wildlife Sanctuary is one of Southeast Asia'slargest wildlife reserves endowed with untouched nature and is also a UNESCO World Heritage Site. The donated storage batteries
are used in solar power generation systems providing support to daily power use.

The Group will contribute to sound and sustainable development of local communities by working together and coexisting with themthrough product offerings.

Donation of storage batteries to

Donation of storage batteries to search andDonation of storage batteries to the wildlife

fire brigades (PTGS)

rescue organizations (IGYA)

sanctuary (SGS)

Contributions to the Environment

Stable Supply of Photovoltaic Generation Systems

A photovoltaic generation system using the GS Yuasa Group's lithium-ion batteries has been in operation at the Kushiro Town
Toritoushi Wildland Photovoltaic Generation Plant in Hokkaido.

When generating photovoltaic power, changes in natural conditions, such as sunshine hours and temperature, can lead to significant
fluctuations in the power generated, while a major increase in the photovoltaic power load could reduce the quality of the system's
power in terms of both voltage and frequency. For this reason, storage battery systems are necessary to stabilize output fluctuationsin power generated when photovoltaic power generating facilities are connected to the power grid.

In conjunction with the global increase in energy demand due to the growing population, economic growth and other factors, there are
increasing calls for the expanded use of renewable energy as an alternative to limited fossil fuels. The introduction of storage battery
systems to stabilize output fluctuations is essential for the effective use of energy from photovoltaic or wind power generation.

The Group continues to promote the use of high-performance lithium-ion battery systems in power generation and is aiming tocontribute to creating sustainable local communities using renewable energy.

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Building Better Relationships with Local Communities

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Industrial lithium-ion battery module LIM50EN series

Overall view of Kushiro Toritoushi
Wildland Photovoltaic Generation Plant

Contributing to the Optimization of Energy Use

The Group aims to optimize energy use in local communities by utilizing new energy services that link storage batteries with IoTtechnology.
At the Kyoto Plant, we have introduced a power storage system manufactured by our company that can handle virtual power plants*(below, VPP) and that performs energy management taking into account the balance between power supply and demand. By
adjusting the power supply balance in the plant during normal times and utilizing it for peak cut in the event of tight demand, we havebeen able to achieve stabilization of power supply and lower power consumption costs. In addition, in the event of an emergency
such as a power outage due to a large-scale disaster, supplying power in cooperation with solar power generation systems to lighting
load (lighting and outlet equipment) and power load (air conditioning equipment) has also played a role in ensuring employee safety
and business continuity.
Since fiscal 2016, the Group has participated in the VPP construction verification project to start verification of the introduction andcontrol of large storage batteries. In fiscal 2017, we introduced a container-type power storage system at our Kyoto Plant and arepromoting verification for the practical application of power supply and demand adjustments based on directives from external, large
storage battery servers.
*It functions like a single power plant through the supervision and control of scattered energy sources (including small-scale solar
power generation and storage batteries) using IoT devices, and plays the role of adjusting the power supply-demand balance(including leveling the power load, absorbing surplus power when excess renewable energy is supplied, power supply in the eventof power shortage).

External appearance of the container type power storage system- 86 -

Building Better Relationships with Local Communities

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Increasing the Accuracy of Greenhouse Gas Observations

The IBUKI-2 greenhouse gases observing satellite launched from the Tanegashima Space Center in October 2018 was equipped witha space lithium-ion battery manufactured by the Group. The mission of IBUKI-2 is to accurately and uniformly measure greenhousegases such as carbon dioxide and methane around the world and to increase the precision of measurements.

Many countries are obligated to report on their own greenhouse gas emissions in accordance with the Paris Agreement, ininternational mechanism relating to climate change. As a result, the data obtained from IBUKI-2, which can take uniform
measurements around the world, is expected to play an important role as a scientific basis for confirming the accuracy of greenhousegas emissions volumes by each country.

*

Group products will continue to contribute to international efforts to curtail global warming.

*Source: the Japan Aerospace Exploration Agency (JAXA)

Support for Activities of the Yakushima Environmental and Cultural Foundation

GS Yuasa Battery Ltd. (GYB) is providing support for the Yakushima Environmental
and Cultural Foundation as part of initiatives to preserve the environment in theregion.

Yakushima, which was placed on the World Heritage List in 1993 for the first time inJapan, is representative of nature in Japan. The Foundation is involved in activities toprotect the beautiful natural environment on Yakushima, a heritage for humanity, andthe business for creating communities where nature and people can co-exist.
Rich natural environment on Yakushima(photo courtesy of the Yakushima Environmental andFurthermore, GYB offers a family tour to Yakushima as the prize to the Gold Awardwinner of the "GS Yuasa Eco Art Contest for Elementary School Students" which has

Cultural Foundation, a public interest incorporated
foundation)

been held from fiscal 2009, and also conducts activities for elementary school
students to experience the beauty of nature.

Refer here for the website of theYakushima Environmental and

The GS Yuasa Group is promoting contribution to the protection of nature on
Yakushima which is called the "Island of Life" and environmental education for

Cultural Foundation(https://www.yakushima.or.jp/en/)children through support for the Foundation.

Contributions to Human Resource Development

GS Yuasa Eco Art Contest for Elementary School Students

Since FY 2009, GS Yuasa Battery Ltd. has sponsored the GS Yuasa Eco Art Contest for Elementary School students to give thepupils, who will become the young citizens in the future, an opportunity to express their thoughts on the global environment.

This contest program provides the opportunity for children and their families to come together and think about the environment. We
plan to continue holding this event in the future in the form of a painting.

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Building Better Relationships with Local Communities

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Support for Shiki Theatre Company's "Kokoro no Gekijo (Theatre of the Heart)"

The GS Yuasa Group supports some of performances (in Kyoto, Gunma, and Shizuoka prefectures) of "Kokoro no Gekijo" (Theatre of
the Heart), sponsored by the Shiki Theatre Company and Performing Arts Centre Foundation. "Kokoro no Gekijo" uses the stage tocommunicate to children such important life lessons as the value of life, consideration of others, and the joy of trusting each other.
Children across Japan are invited to the performances in school groups, free of charge.

As in the previous fiscal year, it will be held online in fiscal 2022 due to the impact of the novel coronavirus.

Through our continued support of Shiki Theatre Company's "Kokoro no Gekijo," we will continue to support activities that deliver
valuable, unchanging lessons to children who will be leaders of the future.

Shiki Theatre Company's family musicalVolunteers assisting with the production"The Story of a Seagull and the Cat Who Taught Her to Fly"

(September 2019)(Photograph: Takashi Uehara)(September 2019)- 88 -

Building Better Relationships with Local Communities

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Ensuring Social Responsibility within Our Supply Chain

The GS Yuasa Group, together with the supply chain, will contribute to creating a sustainable society.

Collaboration with Suppliers

Building Better Partnerships

The GS Yuasa Group believes that all suppliers are importantbusiness partners. By providing support for improving mutual
development with suppliers, support for quality control andhealth and safety management, as well as working on
education and guidance on compliance and CSR, we aim tostrengthen our business foundation together with our
Procurement policy briefing for

suppliers.

Awards to suppliers

suppliers

We also hold annual procurement policy briefings to raise
understanding of our management policies, annual business
policies, and basic procurement policy and to deepen mutual
understanding and trust. We also created a system for
granting awards to suppliers that have achieved excellent
results in initiatives (CSR, safety, quality, delivery date, price,etc.) that we expect from our suppliers.

In fiscal 2022, while being committed to strengthening thebusiness foundation for mutual development with our suppliers
centered on safety, quality, and business continuity planning,
we aim to focus on the key theme of activities aimed at cardon
neutrality throughout the entire supply chain.

Basic Procurement Policy

We intend to boost the results of our suppliers and the GS Yuasa Group by working
to create better partnerships based on mutual understanding and relationships oftrust.

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Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Promotion of Responsible Procurement

The GS Yuasa Group advances materials procurement based on awareness of such international social issues as forced labor, childlabor and environmental destruction. Along with quality, performance, pricing, delivery deadlines and other conventional supply
demands, it is also vital to base procurement in CSR championing human rights, working conditions and the global environment.
Toward that end, the Group does not simply tackle CSR on its own, but also, in cooperation with suppliers, promotes responsible
procurement in response to social issues.

By tackling CSR, we believe we can raise the mutual corporate value of our Group and suppliers and realize a mutually prosperous
supply chain overall.

In fiscal 2018, the GS Yuasa Group published Responsible Procurement Guidelines and issued it to suppliers to better clarify thepractices of responsible procurement. The Guidelines seek to support a sustainable society through the partnership linking the Groupto all suppliers. The key goal is to reduce business risks capable of negatively impacting improvements in mutual performance andsustainability, with supplier briefings held to raise awareness of the spirit and key points of these new parameters throughout the
supply chain. In addition, we are working to further deepen our awareness of the results of Responsible procurement by obtaining theconsent of suppliers to cooperate with the content of these guidelines.

In the case of new transactions, we select suppliers that conform to the Guidelines.

In addition, we educate procurement personnel to enable them to appropriately implement responsible procurement. Also, while
nurturing a greater understanding of Responsible Procurement Guidelines, we also foster greater awareness of the importance ofpreventing CSR risks that may affect the business continuity throughout the supply chain.

Overview of requirements for suppliersClassification

Summary of requirements
Prohibition of forced labor and child labor, and of long working hours
Payment of appropriate wages

Labor

Elimination of discrimination and inhumane treatment
Freedom of association
Avoid complicity in human rights violations

Appropriate safety management, management of industrial health, and response to occupational
accidents and diseases
Reduction of physically heavy work, safety measures for appropriate machinery, and provision of
Health and Safety
hygienic equipment, meals, and housing
Mitigate impact in an emergency situation
Promoting health and safety communication

Appropriate response to environmental laws and regulations concerning permits, approvals, andnotifications
Appropriate management of hazardous substances, waste, atmospheric emissions, and water
Environment
Efficient use of natural resources and energy
Reduction of greenhouse gas emissions
Restrictions on use of substances

Elimination of inappropriate profits
Fair Business Transactions
Respect for intellectual property
Appropriate management of confidential information
Corporate Ethics

Appropriate export controls
Promoting responsible mineral procurement
Establishment of whistleblower system
Transparent information disclosure

Ensuring product safety
Product Safety
Providing safety information concerning products and services- 90 -

Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Education on responsible procurement for procurement personnel

Responsible Procurement Guidelines (https://www.gs-yuasa.com/en/csr/pdf/Responsible_Proc_Guide_190326.pdf)

Responsible Procurement Survey of Suppliers

In order to realize a sustainable supply chain, the Group periodically surveys its major suppliers concerning their compliance with therequirements in the Responsible Procurement Guidelines. In this survey, suppliers evaluate their own CSR response status using
questionnaire type of surveys, and the Group identifies CSR issues in the supply chain based on the results of the self-evaluations
and implements a process to resolve these issues. We are working in collaboration with our suppliers to resolve the CSR issues in the
supply chain in order to strengthen our business foundation.

Overview of supplier CSR survey items (fiscal 2022)
Classification

Number of questions

Labor

12

Health and Safety

10

Environment

6

Corporate Ethics

7

Product Safety

1

Total

36

Example question items
Forced labor, child labor, working hours, wages, inhumane behavior,discrimination, etc.
Occupational safety management, preparedness for emergency situations,industrial health, physically heavy work, machinery and equipment, etc.

、

Environmental permits, pollution control, hazardous substances

waste,

atmospheric emissions, wastewater, etc.
Legal compliance, bribery, intellectual property, unfair trade, internal
whistleblower systems, information security, etc.
Ensuring product safety

Results of the supplier CSR survey (fiscal 2020)
Items

Domestic suppliers

Overseas suppliers

Total

Companies surveyed

298

151

449

Companies targeted for improvement

53

23

76

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Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Specific Initiatives to Promote Responsible Procurement

The Group is promoting diverse initiatives in collaboration with suppliers for the realization of a sustainable supply chain.

Examples of specific initiatives to promote responsible procurement
1. Ensuring Quality and Health/Safety
2. Green Procurement
3. Responsible Mineral Procurement
4. Initiatives for Carbon Neutrality and Reduction in Water Consumption

1. Ensuring Quality and Safety
To promote activities that raise quality and enhance health and safety, including for suppliers who supply parts and raw materials, theGS Yuasa Group provides guidance on quality reflecting the needs of our suppliers as well as health and safety patrols, if required. In
programs that raise quality, we share with suppliers the target values and the results of quality defect analysis of products supplied to
the Group and work to improve the quality of these items along with them. In addition, we support quality improvement activities ofsuppliers by holding seminars on quality and conducting plant tours for suppliers.

Further, we consider occurrence of occupational accidents on the part of suppliers as occupational accidents of the Group, and arecommitted to working with our suppliers to adopt measures based on safety-first. Health and safety patrols that perform safety
inspections at supplier plants point out potential hazards and propose measures to mitigate those hazards depending on the scale of
the risks. We provide support for suppliers to identify workplace risks that pose hazards to workers and take appropriate action
including monitoring of hazards and formulation of safe working procedures. Since fiscal 2019, we have been holding experiencebased training, so suppliers personnel can experience first-hand and gain an understanding of the hazards in their workplaces.

Through these activities, we are supporting the creation of strong partnerships in the supply chain and measures to ensure the qualityof products used by customers as well as the health and safety of our suppliers.

Supplier plant tour (held online)

Quality improvement lectures (held online)
Experience-based training

2. Green Procurement
The GS Yuasa Group companies in Japan makes the following requests of suppliers based on our Green Procurement Criteria.

Requirements for Suppliers
1. Operation of an environmental management system
2. Examination of chemical substances contained in items being supplied
3. Checking the legality of cutting down certain trees (logging)
4. Programs to identify and reduce CO2 emissions- 92 -

Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

For 2. above, we ask our suppliers to examine substances using Chemical Substance Management Guidelines, which comply withinternational laws and regulations including EU directives (REACH, RoHS, etc.), and to test individual chemical substances as
specified by customer needs.

GS Yuasa evaluates the appropriateness of stipulations to suppliers concerning green procurement by checking and auditing thestatus of their response. When selecting new suppliers, we apply supplier selection criteria relating to environmental management. In
fiscal 2021, all suppliers that entered into new agreements satisfied those criteria. Further, for existing suppliers, we employ a suppliersurvey process related to responsible procurement to confirm the status of their response to environmental conservation.

By prioritizing trade with those suppliers that supply goods that conform to green procurement standards, we are reducing theenvironmental burden, including the burden within the supply chain.

Suppliers selection criteria relating to environmental management
Acquired third-party certification of environmental management systems
Has not acquired third-party certification of environmental management systems but has submitted a plan for acquisition

3. Responsible Mineral Procurement
The GS Yuasa Group believes that addressing social issues (armed conflict, human rights violations, etc.) that may arise during theextraction, transport, and trading of minerals used in our products is crucial in the global mineral supply chain, and we strive to
conduct responsible mineral procurement with an emphasis on internationally certified frameworks.

Therefore, we have formulated a policy on responsible mineral procurement and we undertake comprehensive operations andmanagement in accordance with that policy so that we can collaborate with suppliers and various other stakeholders to undertake
activities without being complicit in armed conflict or human rights abuses.

GS YUASA Responsible Mineral Procurement Policy
GS YUASA shall, recognizing the risks of significant adverse impacts which may arise in the supply chain of the minerals
used in the products, parts, and materials handled by our company, promote responsible mineral procurement while
respecting the internationally recognized framework through the following initiatives, to fulfill the responsibilities to respecthuman rights and avoid contributing to conflicts.

1. GS YUASA will investigate whether its group companies or their suppliers procure or use the minerals that may
contribute to human rights violations or armed conflicts.

2. GS YUASA will, if it was revealed that anyone of its group companies or their suppliers has procured or usedminerals that have a high risk of contributing to human rights violations or armed conflicts, work on activities toavoid the procurement or use of such minerals, in collaboration with related companies.
Refer here for the full text of the policy on responsible mineral procurement.

(https://www.gs-yuasa.com/en/csr/pdf/rmpp_200407e.pdf)

4. Initiatives for Carbon Neutrality and Reduction in Water Consumption
The GS Yuasa Group is working to reduce environmental impact not just from its own business activities, but throughout the entire
supply chain to address environmental issues including climate change and resource depletion.
To address carbon neutral and water resource issues in particular, we request that suppliers cooperate with our measures forachieving CO2 emissions and water consumption reduction targets (down by 1% or more compared with the previous fiscal year) in
conjunction with production of products supplied to our Group.
The Group is working to conserve natural environments in all its business activities by efficiently using resources including energy andwater throughout the entire supply chain.

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Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

External Evaluation

We describe the results of evaluations from various stakeholders regarding the GS Yuasa Group's CSR activities.

Inclusion in ESG Investment Constituents

ESG investment means an investment made by selecting companies who consider Environment, Social and Governance. Corporate
value in terms of investment is evaluated based not only on financial information (a company's business performance and managerial
conditions, etc.) but also non-financial information (a reduction in emissions of greenhouse gases, management of chemical
substances, response to human rights issues, employees' work-life balance, compliance, and independence of outside directors, etc.).

MSCI Japan ESG Select Leaders Index

This index was developed by Morgan Stanley Capital International (MSCI). For the index, companies with high ESG evaluation ineach category of business have been selected. This is the index adopted by the ESG investment managed by the Government
Pension Investment Fund (GPIF), an entity managing pension reserve funds in Japan.

The Company has been selected for this index by acquiring "A" rating (seven investment ratings: AAA, AA, A, BBB, BB, B and CCC).

（ ）MSCI Japan Empowering Women Index

WIN

This index was developed by Morgan Stanley Capital International (MSCI). For the index, companies with excellence gender diversity
in each category of business have been selected. This is the index adopted by the ESG investment managed by the Government
Pension Investment Fund (GPIF), an entity managing pension reserve funds in Japan.

FTSE4Good Index Series

The Company has been selected for inclusion in the ESG Investment Constituents, a major global index developed by the global
index provider FTSE Russell. The FTSE4Good Index series is a series of stock market indices made up of corporations that satisfy
global criteria for ESG management and performance.

FTSE Blossom Japan Index

The Company has been listed in the FTSE Blossom Japan Index, which is comprised of Japanese companies recognized for theiroutstanding ESG initiatives by the global index provider FTSE Russell. This index was adopted for ESG investment management by
the Government Pension Investment Fund (GPIF), which manages and invests pension funds in Japan.

FTSE Blossom Japan Sector Relative Index

The Company has been included in the FTSE Blossom Japan Sector Relative Index, a stock index designed by global index provider
FTSE Russell to indicate relatively performance in the various sectors of Japanese companies excelling in the area of ESG. This
index has also been adopted for ESG investment management by the Government Pension Investment Fund (GPIF), which manages
and invests pension funds in Japan.

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External Evaluation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

S&P/JPX Carbon Efficient Index

The Company has been included in the S&P/JPX Carbon Efficient Index, a stock index jointly developed by the S&P Dow Jones
Indices and the Tokyo Stock Exchange. This index consists of companies meeting certain criteria on disclosure of environmental
information and carbon intensity (carbon emissions to revenues). The S&P/JPX Carbon Efficient Index is one of the indices used in
the context of ESG investment operated by the Government Pension Investment Fund (GPIF), which manages and operates
Japanese pension funds.

Nadeshiko Brand

The Company has been selected as a Nadeshiko Brand, a program run jointly by the Ministry of Economy, Trade and Industry and theTokyo Stock Exchange. The Nadeshiko Brand program showcases Japanese listed companies noted for excelling in the area of
women's empowerment to investors who are specifically focused on greater medium and long-term corporate value. The goal is topromote investment in these companies and facilitate their initiatives.

CSR Rating

Toyo Keizai CSR Ranking

CSR survey conducted by Toyo Keizai Inc. with the aim to find "a company that is trusted by society."

The Company has acquired the following ratings for each initiative (five ratings: AAA, AA, A, B and C).

Utilization of human resources

Environment

Corporate governanceSociability

AAA

AAA

AA

AAA

EcoVadis Business Sustainability Ratings

EcoVadis operates a joint platform to evaluate sustainability of suppliers, and evaluates suppliers based on CSR-related standards
considering response to environmental issues, labor practices, respect for human rights, fair trade and Responsible Procurement.

The Company has received the "gold rank" certification level (Four ranks: Platinum, gold, silver and bronze).

Evaluation, Certification, Award, Etc. Regarding CSR Activities

DBJ Employees' Health Management Rated

Under the health management rating loan system conducted by the Development Bank of Japan Inc. (DBJ), companies that conduct
excellent initiatives for their employees' health have been evaluated/selected, and the terms and conditions of loan are set up
according to the evaluation.

The Company received the highest rank "particularly excellent in terms of initiatives for employees' health" in 2018.

"Company with Excellent Health Management 2022""Company with Excellent Health Management" means a system under which the Ministry of Economy, Trade and Industry (METI) and
The Nippon Kenko Kaigi jointly confer companies that carry out particularly excellent health management, based on activities to deal
with local health issues and initiatives for health improvement promoted by The Nippon Kenko Kaigi. The Company has been selected
as a certified company of this system.

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External Evaluation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Platinum Kurumin

Platinum Kurumin is a certification program under which the Minister of Health, Labour and Welfare recognizes companies that offer
high levels of childcare support. GS Yuasa was selected as a certified company under this program.

CDP

CDP is a London-based international non-profit organization that collects, analyzes, and publicly releases information on theenvironmental strategies of leading companies around the world in response to the needs of institutional investors. GS Yuasa isclassified in the A- rank for climate change programs that require information disclosure on greenhouse gas emissions, risks andopportunities arising from climate change, and other topics (assessments are based on an eight-step scale: A, A-, B, B-, C, C-, D, D-).

Third-Party Assurance

Greenhouse gas emissions

The Company requested third-party verification in order to secure the credibility of our greenhouse gas emission data that is disclosed
on the CSR web content, and received the results of verification, saying "there is no item indicating that it has not reported material
points about the GS Yuasa Group's greenhouse gas emissions (Scopes 1 and 2) in FY 2021".

Statement on third-party verification by SGS Japan Inc. (FY2021) (https://www.gs-yuasa.com/en/csr/pdf/SGS_220905e.pdf)- 96 -

External Evaluation

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Editorial Policy

Editorial Policy

On this CSR website, we report on the GS Yuasa Group's concept and initiatives regarding CSR.
We disclose information that considers the opinions of stakeholders and their importance to the GS Yuasa Group.

Period covered

We disclose information centering on CSR activities in fiscal 2021 (April 1, 2021 to March 31, 2022).

In order to report the GS Yuasa Group's latest CSR activities, we disclose information on activities after fiscal 2020 wheneverappropriate.

With respect to some performance data, we disclose information before fiscal 2019 to show a change over time.

Structures

GS Yuasa Group (GS Yuasa Corporation and major domestic and overseas subsidiaries) are covered.

The term "the Company" refers to GS Yuasa Corporation.

An explanation is given in a particular situation whenever appropriate if the structure covered differs.

Accuracy of information

To ensure the accuracy of the information we disclose, it is verified by multiple departments, such as the department in charge of thespecific area and the Investor Relations Department.

Material changes

Regarding structures covered, there has been no material change in disclosed information.

Furthermore, there is no item that should be corrected due to an error in a description in the previous disclosed information.

Referenced guidelines

We have referenced the GRI (Global Reporting Initiative) Standards, an international guideline for companies' sustainability reports.

Refer to page 114 for GRI Content Index.

Inquiries

For inquiries about the sustainability website, please contact us using the following form:

The inquiries form can be accessed here.

Final update

December 23, 2022

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Editorial Policy

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Reference Data

Reference data relating to this report is set forth on the following pages.
The reference data covered is indicated in the table below.

No.

Reference Data

OutlinePages

Related Section

Relatedpages

1

Materiality andResponse Plans

Information Indicating the Details of theGroup's Materiality (Key CSR Issues)
Response Plans (Targets and Results)

99

Materiality and Response Plan

13

2

Response to
Climate Change(TCFD)

Climate-related based on TCFD
framework Information

103

Appropriate Environmental
Information Disclosure

65

3

Contribution to
Achieving SDGs
Through Materiality
Response

Information Indicating the Relationshipbetween the Group's Materiality(Key CSR Issues) Response Plans
and the SDGs

107

Contribution to the SDGs throughOur Business Activities

84

4

Contributing to the
SDGs throughProducts andServices

Information Indicating the Relationships
between Group Products/Services andthe SDGs

111

Contribution to the SDGs throughOur Business Activities

84

GRI Content Index

Information indicating disclosure statusin accordance with the Global Reporting
Initiative Standard, an internationalguideline for corporate sustainability
reporting114

Editorial Policy

97

5- 98 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Materiality Response Plans (FY 2022)

Materiality

Activity outline

Scope ofapplication

FY 2022 targets
KPI

Number of times
compliance education
information
disseminatedannually

FY 2021 results
Target

16
times

KPI

Number of times
compliance education
information
disseminatedannually

Target16
times

Results

Self-Assessment / Challenges

16
times

We issued educational email publications oncompliance that cover primarily legal topics including
receivables management, the Act against Delay inPayment of Subcontract Proceeds, etc. to
Subcontractors, governance structures, and electronic
signatures. Based on the results of an employee
survey, we believe that this is an effective means ofeducation and will continue implementation in the
future.

None

As a result of operation of a company-wide risk
management system, implementation of training
designed to raise employee awareness of compliance,and other measures, there were no significant
compliance violations. Going forward, we will continue
to undertake measures for preventing the occurrence ofcompliance risks.

100%

We translated emails publications relating to respect forhuman rights into seven languages and conductedtraining by distributing them to 19 business sites ofoverseas Group companies. We conducted aquestionnaire and confirmed that there are no problems
concerning the status of responses regarding humanrights at each company. We were able to deepen
understanding not only of management, but also among
local employees. It is important that we review training
topics and tools for the next fiscal year andcontinuously conduct training to raise awareness ofcompliance.

100%

We confirmed the presence of business risks atoverseas Group companies on a monthly basis. We
also reinforced inspections of overseas Group
companies with regard to risk that have a highlikelihood of occurring (health and safety related risk,
compliance risk, etc.) to prevent the occurrence of risks.
Going forward, continuously overseeing risk
management (including compliance) of overseas Group
companies will remain important.

100%

We established a process to investigate whether the
products of other companies infringe our intellectual
property rights and verified the status of rights
infringement by competitors’ products in the ASEAN
region. With regard to competitors’ products in China,
we completed advance preparations for operation ofsuch a process including reaching agreement with local
companies and other persons involved in business. In
the future, we will carry out our strategy for theutilization of intellectual property by implementing thisprocess appropriately.
We investigated the status of trademark infringement,
targeting websites that sell counterfeit goods and major
electronic commerce websites worldwide and identified
sites on which our intellectual property rights are being
infringed. In the following fiscal year, following a close
examination of the status of damage from counterfeit
goods, we plan to take action to shut down the sites. It
will remain important in the future to continue taking
measures to mitigate the adverse impact on businesscaused by counterfeit goods in international markets.

Domestic

Number of significant
compliance violations

Thoroughly
fulfilling our
CSR andensuring
compliance

None

Number of significant
compliance violations

None

Provision of legal
information andpromotion ofcompliance training
Achievement ratio ofcompliance training
plan

100%

Achievement ratio ofcompliance training
plan

100%

Overseas

Achievement ratio of
significant complianceviolation risk
response plan

Thorough avoidance of
infringement third-party
intellectual property
rights, promotion of theuse of company
intellectual property
rightsDomestic

Achievement ratio of
patent acquisition
plans in the ASEAN
region and China

100%

100%

Achievement ratio of
significant complianceviolation risk
response plan

Achievement ratio of
patent acquisition
plans in the ASEAN
region and China

100%

100%

Respect andprotection for
intellectual
property

Promotion of theenforcement against
infringement products

Strictmanagementof confidential
information

Promotion of security
measures andstrengthening of illegal/inappropriate accessmonitoring

Overseas

Achievement ratio of
response plan tointellectual property
infringement(imitation products)

GlobalCyberattack response
ratio at time ofdetecting highsecurity alerts

Domestic

Information leakconfirmation andresponse ratio at timeof large data output

100%

Achievement ratio of
response plan tointellectual property
infringement(imitation products)

100%

100%

100%

Cyberattack response
ratio at time ofdetecting highsecurity alerts

100%

100%

Information leakconfirmation andresponse ratio at timeof large data output

100%

100%

- 99 -

There have been no critical confidential information
leakage accidents. It is important to continually strive toenhance our information security measures into the
future.
100%

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Materiality Response Plans (FY 2022)

Materiality

Activity outline

Promotion of
information security
training

Respect forindividuality

Promotion of humanrights education andthorough publicity ofinternal whistleblower
systemScope ofapplication

FY 2022 targets
KPI

Domestic

Ratio of employees
passing information
security proficiency
test

Domestic

Achievement ratio of
human rights training
plan

Achievement ratio of
harassment
education plan

Domestic

Domestic

Promotion of humanresource development
programs

Promotion of thethorough managementof employees' working
hours and preventionof the recurrence oflong working hours

Ratio of employees
passing information
security proficiency
test

100%

Achievement ratio of
human rights training
plan

100%

Achievement ratio of
harassment
education plan95%
or more

100%

100%

Results

Self-Assessment / Challenges

96%

We believe that the increase in the test-taking ratio as aresult of measures to raise employee awareness of
information security (including periodically distributing
email publications) enabled us to achieve the target. It
will remain important in the future to continuously
undertake activities in order to raise employee
awareness regarding the importance of information
security.

100%

Based on the results of an analysis of records oftraining conducted at all workplaces, we believe that
employee awareness of human rights increased. It is
important to continuously implement measures into the
future.

100%

We conducted harassment training for employees
working overseas Group companies and thosescheduled to be transferred overseas. Starting in thenext fiscal year, we will continuously conductharassment training for employees scheduled to betransferred overseas. Going forward, we plan to expand
harassment training to the local employees of overseas
Group companies.

70%

For those overseas Group companies that do not haveinternal report systems regarding harassment, weplanned to provide support for the introduction of such
systems, but on-site visits were not possible due to
COVID-19, and this program was suspended. It isnecessary that we continue to take measures toprevent harassment in the future and provide ongoingsupport for the introduction of systems so that we canreliably operate support mechanisms for individuals
who have been subjected to harassment.

100%

Introduction ratio of
harassment
whistleblower system

100%

3 times

We conducted training for female leaders on acquisitionof business mindset skills that are necessary qualities
for management positions and diversity management
training for managers to promote career development
support for female subordinates (there were 23 course
participants, for a participation rate of 100%). It willremain important in the future to continuously provide
opportunities for career enhancements to female
employees.

4%or moreRatio of womenamong newgraduates recruitedfor career-track
positions30%
or moreRatio of womenamong newgraduates recruitedfor career-track
positions30%
or more27%

Of 73 recent graduates hired for career-track positions,
20 were women. It is important to continuously andactively undertake public relations targeting female job
seeks and to take measures such as expanding
workplaces where women can play active roles into the
future.

Employment ratio of
persons withdisabilities

2.65%

---

---

---

(KPI and target values will be set in fiscal 2022)

100%

Achievement ratio of
employee growth
support training plan

100%

We implemented training by rank and quality education
based on the annual plan. In the future, it is important to
not only improve the self-analysis skills of theemployees but also to promote activities that support
their future career development

100%

Achievement ratio ofworksite education
plan

100%

Each division took action to enhance the skills of
personnel necessary to carry out business inaccordance with a skill development education plan. In
the future, it will be important to expand and enhance
educational content and online educational services.

100%

An educational program for managers at overseas sites
was implemented for 15 employees in accordance withthe annual plan. In addition, a global leader’sdevelopment and training plan was conducted for 17
young employees who are candidates to become
managers in the future. We will continue to undertake
measures for the development of global humanresources who serve as business leaders in diverse
environments that cross countries, regions, and culture.

Achievement ratio oftraining plan fordevelopment ofautonomous-minded
human resources
Achievement ratio ofworksite education
plan

Overseas

Enhancementof work
environments
andoccupational
health andsafety95%
or moreTarget

1 timeor moreDomestic

Respect for
Diversity

Human
resourcesdevelopment

KPI

Number of times
training to support
women’s
empowerment
conducted annually

Ratio of women in
management
positions

Promotion of theemployment of
persons withdisabilities

TargetOverseas

Introduction ratio of
harassment
whistleblower system

Women’s
empowerment

FY 2021 results

Domestic

Achievement ratio of
global humanresources education
plan

100%

100%

100%

Achievement ratio of
global humanresources education
plan

Response ratio toprevent therecurrence of long
working hours

100%

Response ratio toprevent therecurrence of long
working hours

100%

100%

Annual frequency oflabor-management
consultations relating
to working hours

12
times

Annual frequency oflabor-management
consultations relating
to working hours

12
times

12
times

- 100 -

100%

After monitoring the overtime working hours of generalemployees, there has not been long working hours inviolation of the labor-management agreement on
overtime work. In addition, it was confirmed every
month at labor-management consultations that there
had not been violations of the agreement and thatappropriate working hours management had been
enforced. It is important to continue these activities inorder to maintain a comfortable working environment
into the future.

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Materiality Response Plans (FY 2022)

Materiality

Activity outline

Scope ofapplication

FY 2022 targets
KPI

Operational
achievement ratio ofstandard for numberof days of paid leave
taken annually

Overseas

GlobalAchievement ratio ofworking hours
management
standards

Number of serious
occupational
accidents

Missed work
frequency ratio

Domestic

Promotion ofoccupational healthand safety risk
management

Number of workers
exceeding internal
blood leadconcentration
management
standards (30 μg/dL)

Number of worksites
in work management
category III

Missed work
frequency ratio

FY 2021 results
Target

100%

100%

None

0.3
or less

KPI

Operational
achievement ratio ofstandard for numberof days of paid leave
taken annually

Achievement ratio ofworking hours
management
standards

Number of serious
occupational
accidents

Missed work
frequency ratio

None

Number of workers
exceeding internal
blood leadconcentration
management
standards (35 μg/dL)

None

Number of worksites
in work management
category III

1.8
or less

Missed work
frequency ratio

None

Number of workers
not meeting internal
blood leadconcentration
management
standards (60 μg/dL)

Target

100%

100%

None

0.8
or less

None

None

2.1
or less

Results

Self-Assessment / Challenges

99%

Starting last fiscal year, we changed target
management to expand the scope of application, but
the target was not achieved. General employees
achieved the target, but managerial employees, whowere added to the scope of application, did not achieve
the target. Nonetheless, the percentage of managerial
employees who took paid leave increased substantiallyfrom the 2018 fiscal, up from 73% to 99%, andconsequently, we believe that measures encouraging
employees to take paid leave have been effective to acertain degree. Going forward, we will analyze theconditions concerning the unachieved target and takeongoing measures to achieve the target.

80%

We analyzed data from periodic working hour surveys
of overseas Group companies, provided feedback toeach Group company regarding the analysis results,
and called on them to curtail long working hours. In the
future, we will continuously implement working hours
management based on working hours in the previous
fiscal year, which was set as a voluntary management
standard.

1

A serious occupational accident occurred at an
overseas Group company. We promptly investigatedthe cause of the accident, took measures to prevent
reoccurrence, and distributed the information to all
Group companies to prevent the occurrence of similar
accidents. It will be important in the future to conduct
rigorous safety management using risk assessment
methods for the identification and assessment ofpotential hazards in the workplace and to reinforce
safety training for employees.

0.4

In fiscal 2021, we focused our efforts on fundamental
countermeasures and engineering countermeasures toaddress mechanical accidents (such as accidents
involving being crushed by or caught in equipment).
Also, by focusing on rigorous safety management forwork in high locations, we were able to substantiallyreduce the missed work frequency ratio from fiscal
2020 (when the ratio was 1.0). In fiscal 2022, we set
targets at half or less of the fiscal 2021 KPI target
values and will reinforce safety countermeasures evenfurther.

4

We strictly managed the blood lead concentration
standards of workers who handle lead in accordancewith internal standards, but the target was not achieved
due to worker levels in excess of the standards in fiscal
year-end measurements. It is necessary that weanalyze the causes of non-conformity with thestandards and continuously improve work environments
at sites where lead is handled.

None

We launched a project to increase the collection
efficiency of lead dust that occurs in worksites, and as aresult of reviewing local ventilation facilities, we wereable to achieve the target. It will remain important in the
future to continuously implement this project.

2.0

We shared information on analysis of causes ofaccidents that occurred overseas and on preventing
reoccurrence with all sites and took measures toprevent the occurrence of similar accidents. In addition,
we reduced the number of minor occupational
accidents by more than 10%, leading to a reduction in
the likelihood of accidents resulting in missed work. It
will remain important in the future to take measures thatmitigate the risk of accidents that lead to back pain andmuscle pain.

None

In fiscal 2021, we launched full-scale target
management based on internal management standard
values for all overseas production sites. As a result of
improvements to facilities and operations at individual
production sites, we achieved the targets. Starting in in
fiscal 2022, we undertake operational management witheven stricter internal control standard values.

Overseas

Number of workers
exceeding internal
blood leadconcentration
management
standards (40 μg/dL)- 101 -

None

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)Materiality Response Plans (FY 2022)

Materiality

Activity outline

Promotion of quality
improvement andstrengthening of quality
communication

Provision ofhigh-quality
products

Strengthening ofmaintenance service
setup

Promotion of productsafety education

Promotion of effective
use of water resources

Contribution torealization of lowcarbon society

Scope ofapplication

FY 2022 targets
KPI

GlobalAchievement ratio oftargets for claims andin-process defects

Domestic

Achievement ratio of
operational
management
standards for productmaintenance service
systems

GlobalNumber of serious
product accidents

GlobalRatio of reduction ofwater use (comparedwith FY 2018)

GlobalRatio of reduction of
CO2 emissions(compared with FY
2018)

FY 2021 results
Target

KPI

100%

Achievement ratio oftargets for claims andin-process defects

100%

Achievement ratio of
operational
management
standards for productmaintenance service
systems

None

Number of serious
product accidents

8.0%
or moreRatio of reduction ofwater use (comparedwith FY 2018)

6.0%
or moreRatio of reduction of
CO2 emissions(compared with FY
2018)

Target

100%

100%

None

6.0%
or more4.0%
or moreResults

Self-Assessment / Challenges

64%

Targets for claims and in-process defects were notachieved in Japan and overseas. The main cause wasa concentration of defects in specified business, but webelieve that uncertain aspects (such as fluctuations in
production caused by impacts of the COVID-19
pandemic) were also factors in not achieving thetargets. It is important that we take priority measures toachieve KPI targets in the next fiscal year.

100%

In order to properly operate product maintenanceservice systems, we conducted target management
using indicators to ascertain the status of capturing
maintenance demand. Going forward, we will analyze
results data and work to improve the efficiency ofinternal management standards to promote the captureof maintenance demand.

None

This fiscal year, we continuously reinforce productsafety management through implementation ofvoluntary action plan concerning product safety atoverseas Group companies and taking other measures.
In the following fiscal year, we will conduct productsafety training at overseas Group companies to raise
understanding of product safety throughout the Group.

10.3%

We believe that continuously encouraging the cyclicaluse of water at domestic and overseas Group company
production sites was a factor in achieving the target. In
the future, we will continuously implement measures tocurtail water intake.

8.1%

As a result of the launch of an energy saving andrenewable energy project and company-wide
implementation of measures starting in fiscal 2021, wewere able to achieve the target. It will remain importantin the future to continuously undertake company-wide
countermeasures for achieving targets including
encouraging energy-saving and the use of renewableenergy.

None

There were no major environmental accidents as aresult of operational management in accordance withstrict voluntary management standards pursuant toenvironmental regulations. It will remain important in the
future that we continuously undertake rigorous
environmental risk management.

55.9%

Increased the ratio of recycled lead use at someoverseas Group companies in China, Turkey,
Indonesia, and Thailand, and the result improved by
11.4 points compared to the previous fiscal year. We
will continue our efforts to maintain and improve thislevel in the future.

36.5%

In fiscal 2021, we steadily increased sales ofenvironmentally considered products in conjunction withthe recovery in sales from the downturn caused by the
COVID-19 pandemic. In the future, we will continue
efforts to provide products and services thatappropriately meet the needs of stakeholders regarding
a decarbonized society.

100%

All matters regarding customer-need based mineralprocurement surveys are conducted in cooperation with
suppliers to ensure that we are not complicit in armed
conflict or human rights abuses (the minerals covered
are gold, tantalum, tungsten, tin, cobalt, and mica).In
addition, we identified smelters with high CSR risks inmineral procurement by conducting a voluntary survey
in Japan and took measures to mitigate risk in supply
chains including those smelters. Going forward, we willtake measures to respond to these risks in collaboration
with stakeholders in mineral supply chains.

100%

Based on the results of a supplier CSR survey, we took
measures to improve identified CSR issues in supply
chains. We cooperated with suppliers to investigate
response measures to issues and made operational
improvements. It will remain important in the future tocontinuously take measures to mitigate CSR
procurement risks.

Promotingenvironmental
protection
Prevention ofenvironmental pollution

Improvement in ratio ofuse of recycledmaterials in products
provided to markets

Developing
andpopularizing
environmentall
y considered
products

Expansion of market
for GS Yuasa products
contained in products
contributing to the
curbing of global
warming

Responses to
responsible mineralprocurement

GlobalNumber of major
environmental
accidents

GlobalRatio of recycled leadused as lead raw
materials in lead-acidbatteries

GlobalRatio ofenvironmentallyconsidered products
in total sales of all
products

GlobalAchievement ratio of
responsible mineralsurvey plan

None

Number of major
environmental
accidents

35.0％
or moreRatio of recycled leadused as lead raw
materials in lead-acidbatteries

35.0%
or moreRatio ofenvironmentallyconsidered products
in total sales of all
products

100%

Achievement ratio of
responsible mineralsurvey plan

None

35.0％
or more34.0%
or more100%

Responsible
procurement
promotion

Management of supply
chain CSR risks

GlobalAchievement ratio ofsupplier CSR issues
improvement plan

100%

Achievement ratio ofsupplier CSR issues
improvement plan100%

※ The scope of application may not cover all Group companies.
※ Due to effects of COVID-19, the final year of the Group’s Mid-Term Management Plan was changed from FY 2021 to FY 2022, and consequently, this plan also was extended to FY 2022.
※ This plan is periodically reviewed, and as a result, there may be differences from the details of the plan disclosed last time.

- 102 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Response to Climate Change (TCFD)
The Group recognizes that climate-related issues are one of the important management issues and, in
December 2019, we announced its support for the Task Force on Climate-related Financial Disclosures (TCFD)
recommendations and are working on climate-related information disclosure based on the TCFD framework.
In fiscal 2021, we launched a project to integrate climate-related risks and opportunities into our future businessplans. The climate change scenarios used in the analysis are the 1.5°C
scenario and the stated policies scenario (equivalent to the 3°C
scenario). We devised strategies based on the short-term (fiscal 2025),
medium-term (fiscal 2030), and long-term (fiscal 2050) time axes.

Governance
Environmental issues (including climate change) are
positioned as important management issues for
the Group, and the CSR Committee, which ischaired by the director in charge of CSR,
formulates and deliberates on environment-related
policies, targets, and important topics. The detailsof deliberations are reported to the Executive
Conference, which is headed by the president
and has the relevant officers as members.
Topics determined in the Executive
Conference to be of material significance are
discussed by the Management Meeting andthen approved by the Board of Directors. In
addition, the status of responses to formulated
environmental policies and objectives is reported
to individual bodies, which monitor and manage
progress.

[Governance structures relating to climate-related issues]

Board of Directors
Engages in deliberation anddiscussion at least once
every six months

Management Meeting
Engages in deliberation anddiscussion several times annually

Approves proposed responses,
receives status reports, and monitorsand oversees progress

Discusses proposed responses
Directors and auditors

Directors and auditors

Executive Conference
Meets once every three months

CSR Committee

Meets once every two months
Formulates and discusses proposed
responses and manages the progressof responses

Receives reports on proposed
responses and manages the progressof responses

Director in charge of CSR, planning
divisions of each business unit, andcorporate division of Head Office

President, director in charge of theenvironment, and relevant directors[Examples of Matters Discussed by or Reported to the Board of Directors and Management Meeting]■ Formulation of environmental targets on the Fifth Mid-Term

Management Plan
■ Endorsement of the recommendations of the TCFD

■ Formulation of the Fundamental Environmental Policy■ Formulation of long-term environmental target(GY 2030 Long-Term Greenhouse Gas Target) and others

Risk management
Risks and opportunities are identified andevaluated through the process described on
the right.
Identified risks and opportunities and the
responses to them are managed under thegovernance structures including the CSR
Committee.
In fiscal 2021, each business division andthe Head Office Corporate Management
Division established a project team to conductcompanywide analysis of scenarios andformulation of strategies.

of risks and opportunities relating to
1 Identification
climate pursuant to the TCFD frameworkof the degree of impact of the identified risks and2 Evaluation
opportunities using companywide risk management criteria
Identification of significant risks and opportunities for which

degree of impact is particularly large and investigation of
3 the
responsive measures

Strategy<Assumed conditions>[Time Axis]

Short term

Medium termLong term

End year

2025

2030

2050

Reason for
adoption

Periods of the Fifth (FY2019–2022)
and the Sixth (FY2023–2025)
Mid-Term Management Plans

Period of the GY 2030 Long-Term
Greenhouse Gas Target andachievement of SDGs

1.5°C target achievement period- 103 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)[Main Scenarios Used in Scenario Analysis*1]
Temperature
increase

Main scenarios used

Overview

IEA*2 Net Zero Emissions by 2050 Scenario (NZE)

A scenario indicating what the world (policies, technologies, markets, etc.)
needs to look like in order to achieve net zero global greenhouse gas (GHG)
emissions by 2050 (assumed through a backcasting method)

IPCC* RCP* 2.6 Scenario and SSP* 1-2.6 Scenario

RCP2.6: A scenario that assumes future temperature rise to be limited to lessthan 2°C used in the IPCC Fifth Assessment Report
SSP1-2.6: A scenario for the introduction of climate policies to limit futuretemperature increases to less than 2°C under sustainable developmentused in the IPCC Sixth Assessment Report

IEA Stated Policies Scenario (STEPS)

A scenario based on energy and climate policies previously implemented andindividual policies that are currently being implemented by individual
governments

IPCC RCP 8.5 Scenario and SSP 5-8.5 Scenario

RCP8.5: A scenario with maximum GHG emissions used in the IPCC Fifth
Assessment Report
SSP5-8.5: A scenario with no climate policies used in the IPCC Sixth
Assessment Report

1.5°C
3

4

5

3°C

*1 Scenario analysis uses the scenarios of public agencies and may differ from actual future social conditions.
*2 International Energy Agency*3 Intergovernmental Panel on Climate Change*4 Representative Concentration Pathways*5 Shared Socioeconomic Pathways[Social conditions under scenario]

Operations

Automotive
related business

Through 2025
(short term)

Through 2030
(medium term)

Through 2050
(long term)Social demand foremissions reduction

–20%

–40%

–100%

Carbon price$75 / t-CO2$130 / t-CO2$250 / t-CO2

Changes in
the automobile
market1.5°C scenario

Supply chains
R&D

Ratio of EVs, PHEVs, and FCVs*6 in passenger vehicles (global)
Sales volume: 64% (1.3 times)
Ownership: 20% (1.6 times)

Sales volume: 100%
Ownership:86% (2.1 times)

Ratio of EV two-wheeled and three-wheeled vehicles (global)
Sales volume: 85%
Ownership: 54%

Development ofalternativetechnologies to replacelead-acid batteries

Industrial
battery andpower supply
related business

Expansion of automobile
electrification
Structural changes in theautomobile industry inconjunction withelectrification

Sales volume: 100%
Ownership:100%

In conjunction with increasing demand for batteries for applications relating to transportation andelectric power, prices will decline for alternative technologies, such as lithium-ion batteries, to takethe place of lead-acid batteries

Changes inenergy-related
markets

In conjunction with the rapid expansion of solar and wind power generation, demand for batteries
used for electric power will expand
Batteries for storing excess power from renewable energy sources will increasingly be converted to use
for backup applications

Development ofalternativetechnologies to replacelead-acid batteries

In conjunction with increasing demand for batteries for applications relating to transportation andelectric power, prices will decline for alternative technologies, such as lithium-ion batteries, to take theplace of lead-acid batteries

Raw materials

Demand for lithium, nickel, and other resources will increase rapidly as demand for lithium-ion
batteries increases for use with energy storage technologies and renewable energy
Competition to sustainably secure raw materials will intensify

Acceleration of
the circular
economy*7

Needs for products adapted to a recycling-oriented society will increase year-by-year

Emergence andspread of alternativetechnologies toreplace lithium-ion
batteries

3°C scenario

Operations

Storm andflood damage,storm surges

Industrial battery
and power supply
related business

Storm andflood damage,storm surges

As battery demand for transportation and electric power related
applications expands, the development and spread of battery
technologies with higher added value in terms of safety, energy
density, cost, charging speed, and life span will progress
The frequency of flooding willmore than double compared
to now in Japan and otherregions
Sea levels will rise about
approximately 0.3 m
The frequency of intensestorms in the vicinity of Japan
will increase
Expansion of business relating to disaster countermeasures*6 EV: Electric Vehicle; PHEV: Plug-in Hybrid Electric Vehicle; FCV: Fuel Cell Vehicle*7 An economic mechanism for the circulation of resources without waste. Positioned as a medium- to long-term economic growth policy, particularly in European countries.

- 104 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Response to Climate Change (TCFD)<Risks and Opportunities>
Introduction of carbon tax and renewable energy
Operations

Risk
Risk
Risk

Increased costs for energy saving and renewable energy
to reduce CO2 emissions
Increased carbon costs for the company’s emissions inconjunction with the introduction of a carbon tax
Increased carbon costs for emissions in upstream
segments of supply chains

Opportunity

Under the 1.5°C scenario, targets for a major reduction of CO2 will
be required and carbon taxes will be introduced to achieve carbon
neutrality. Cost increases are expected due to the introduction ofenergy-saving equipment and renewable energy to reduce CO2
emissions in order to achieve carbon neutrality.

Higher demand for batteries in conjunction with increased sales and ownership of passenger vehicles

Starting batteries and batteries for auxiliary equipment
Higher demand for batteries for auxiliary
equipment used in EVs and PHEVs
Replacement of lead-acid batteries with
Opportunity Risk
lithium-ion batteries
Declining
demandfor starting batteries used in internal
Risk
combustion engine vehicles
Opportunity

Automotive
related businessIn conjunction with the expansion of the market for EVs, PHEVs, andother such vehicles, demand for starting batteries used in internal
combustion engine vehicles is expected to decline while demand forbatteries for auxiliary equipment is expected to increase. Also, a shiftof a certain number of lead-acid batteries to lithium-ion batteries is
expected.

Batteries for HEVs*8, PHEVs, and EVs
Higher demand for batteries used in EVs and
PHEVs
Changes in demand for batteries used inOpportunity Risk
HEVs and PHEVs (higher demand over the
short to medium term and declining
demand over the long term)
Opportunity

It is expected that over the short to medium term, sales of HEVs and
PHEVs will increase, but in the long term, as sales of EVs increase
substantially and account for approximately 100% of sales ratio in
2050, the battery market will change.

1.5°C scenario

Lead-acid batteries for backup applications and forklifts
Opportunity

Industrial
battery andpower supply
related business

Risk

Higher demand for batteries

Replacement of lead-acid batteries with lithium-ion
batteries

Demand for batteries used in transportation and electric power
related applications is expected to increase, but as technologicalinnovation progresses, it is expected that prices for lithium-ion
batteries and other such products will fall and that a certain numberof lead-acid batteries will be replaced by lithium-ion batteries.

Energy storage systems (ESS) for renewable energy
Opportunity

Higher demand for batteries and peripheral
systems and devices

It is expected that in conjunction with the increased introduction ofsolar, wind, and other renewable energy generation, demand forbatteries and peripheral systems and devices for electricity load
leveling and the like will increase.

Raw materials procurement and circular economy
Opportunity

Improvement in the superiority of recyclable
lead in a recycling-oriented society

Risk

Difficulty procuring and rising price for metal resources

Risk

Difficulty procuring and rising price for sustainable raw
materials

Supply chains
R&D

Risks such as rising resource prices and difficult securing resources are
expected over the short to medium term. On the other hand, withthe development of alternative technologies, it is expected that tightsupply and demand situations will be alleviated over the long term. It
is also expected that competition relating to procurement ofsustainable raw materials will intensify in terms of the environmentand society.

Technological innovation
Opportunity

Risk

Increased business opportunities as aresult of leading development of
next-generation batteries technologies(all-solid-state batteries, etc.)

It is expected that the development and spread of higher added value
battery technologies (all-solid-state batteries, metal-air batteries,
sulfur batteries, etc.) for transportation and electric power related
applications will advance. In cases where the company can lead thedevelopment of new technologies, business opportunities will arise.

Natural disasters and temperature rise
Operations

Risk

3°C scenario

Risk
Risk

Industrial
battery andpower supply
related business

Increased damage to facilities due to storm and flooding
disasters and increased loss of profit due to businesssuspension
Business suspension due to damage to supply chains
Increased costs for air conditioning and coolingprocesses

Due to increased storm and flooding damage, there is a risk ofgreater impact including property damage to facilities and machineryat the company’s plants, loss of profit from business suspension, andthe inability of workers to report to work. Interruption of supply
chains is also anticipated.

Emergency power supplies
Opportunity

Increased demand for emergency power supplies
as countermeasures against severe disaster

It is expected that demand for emergency power supplies will
increase out of concern regarding intensification of natural disasters
due to climate change.

Note: Those items that were determined in the risk assessment to be of particular importance in the short to long term are listed.
*8 Hybrid Electric Vehicle- 105 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)<Direction of Business Strategies>
Now

Operations

2050

Reduce CO2 emissions by at least 30% by 2030

Further accelerate measures for achieving carbon neutrality

Implement measures for energy conservation and use ofrenewable energy

Further implement measures for energy conservation and procurement of
renewable energy

Securing profits from lead-acid batteries for internal combustion engine vehicles

Introduce differentiated products, strengthen our sales capabilities, and increase sales of high-value-added productswith a focus on regions where internal combustion engine business remains such as ASEAN

Capture demand for batteries for auxiliary equipment usedin electric vehicles

Capture demand for 12 V lead-acid or lithium-ion batteries for auxiliary equipmentused in electric vehicles as well (for new automobiles and for replacement)
Automotive
related business

Capture demand for redundant batteries used in electric vehicles
Capture demand for lithium-ion batteries used for backup of
self-driving vehicles

Expand production of lithium-ion batteries for HEVs and PHEVs
1.5°C scenario

Production will increase, particularly for Japanese automakers,
but will decline in the future

Full-scale entry into EV lithium-ion battery market

Invest development resources to enter the market for lithium-ion batteries used in EVs,
which are used under demanding environments and must be highly reliably

Apply automotive lithium-ion battery know-how to industrial applications
Industrial
battery andpower supply
related business

Establish a lineup that includes both lead-acid batteries and lithium-ion batteries for industrial
applications according to market needs

Focus on the renewable energy and energy management fields• Strengthen operation, maintenance and inspection services • Develop more price-competitive batteries• Introduce products and services aligned customer needs to capture demand for renewable energy• Capture demand for peak cutting, peak shifting, and other energy management services for business sites

Develop the market for lead-acid batteries with highrecycling rates
Supply chains
R&D

Commercialize lead-acid batteries compatible with the needsof a recycling-oriented society

Conduct R&D of and commercialize rare metal-free batteries
Promote R&D on and commercialize rare metal-free batteries
such as sulfur cathode batteries

Conduct R&D of and commercialize post-lithium-ion batteries

Promote R&D of all-solid-state batteries and put them into practical application, promote R&D of and commercialize silicon anodebatteries, lithium metal anode batteries, and sulfur cathode batteries

3°C scenario

Operations

Countermeasures against intensifying disasters• Evaluate future risks including climate risks, implement countermeasures as necessary• Undertake BCP including supply chains

Industrial
battery andpower supply
related businessContribute to countermeasures against intensifying disasters using backup power supplies
Focus on market expansion conditions and respond to needs

Metrics and Targets[Fifth Mid-Term Management Plan (FY2019–FY2022)]

CO2 emissions
Reduce by at least

Water consumption

6% (compared with FY2018)

Reduce by at least

8% (compared with FY2018)

Percentage of environmentally considered
products in total sales of all products

Ratio of recycled lead used as lead raw
materials in lead-acid batteries

35.0% or more

35.0% or more

[GY 2030 Long-Term Greenhouse Gas Target][Internal Carbon Pricing (ICP)]

8,600 / t-CO

CO2 emissions

The price will be set at ¥Reduce CO2 emissions by at least2

Use as reference information when making
investment decisions regarding energy-saving andrenewable energy measures

30% (compared with FY2018)- 106 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Contribution to Achieving SDGs Through Materiality Response (FY 2022)
Response Plans
Materiality
Activity outline

Respect forindividuality

Scope ofapplication

KPI

Domestic

Achievement ratio of human rights training plan

Promotion of humanrights education

Thorough publicity ofinternal whistleblower
system

Women’s empowerment

Overseas

Achievement ratio of harassment education plan

Overseas

Introduction ratio of harassment whistleblower
systemDomestic

1. Ratio of women in management positions
2. Ratio of women among new graduates
recruited for career-track positions

Respect for
Diversity
Promotion of theemployment of persons
with disabilities

Human
resourcesdevelopment

Enhancementof work
environments
andoccupational
health andsafetyRelevant SDGs

Promotion of humanresource development
programs

Promotion of thethorough managementof employees' working
hours and prevention of
the recurrence of long
working hours

Promotion ofoccupational health andsafety risk management

Domestic

Employment rate of persons with disabilities

Domestic

1. Achievement ratio of training plan fordevelopment of autonomous-minded humanresources
2. Achievement ratio of worksite education plan

Overseas

Achievement ratio of global human resources
education plan

Domestic

1. Response ratio to prevent the recurrence oflong working hours
2. Annual frequency of labor-management
consultations relating to working hours
3. Operational achievement ratio of standard fornumber of days of paid leave taken annually

Corresponding Social
IssuesRaising of awarenessof respect for humanrightsEnsuring of employees’ free access togrievance mechanisms

Realization of
rewarding workplaces

Promotion of enhanced work motivation
among female employees

Participation of womenin decision making

Ensuring of opportunities for women to
train as candidates for senior positions

Promotion of full
employment

Providing employment opportunities topersons who have the will and ability towork are able to work

Provision ofhigh-quality
products

Neg

8.5

5.5

Building of pleasant workplaces by
ensuring safe and secure working
environments

Prevention of deaths and illnesses due
to exposure to harmful substances

GlobalPrevention of healthdamageNumber of worksites in work management
category III

Promotion of safe andsecure working
environment

16.7

8.5

Pos

4.4

Realization of
rewarding workplaces

1. Number of serious occupational accidents
2. Missed work frequency ratio
3. Number of workers exceeding internal bloodlead concentration management standards

Achievement ratio of targets for claims and inprocess defects

16.3

Promotion of skill
development for young
peopleAchievement ratio of working hours management
standards

Global

Pos

Pos

Pos

8.5

Neg

3.9
Neg

Improvement inenergy efficiency

Promotion of quality
improvement andstrengthening of quality
communication

4.7

Equal access to
judiciary

Overseas

Domestic

Scopeof
impactSupplement

Responses to natural
resource depletion

Reduce waste
generation

8.8
Reduction of needless energy
consumption by curbing the occurrenceof defective products
Reduction of needless energy resource
consumption by curbing the occurrenceof defective products

7.3

9.4
Neg

Reduction of needless material
consumption by curbing the occurrenceof defective products

12.2

Reduction of needless waste by curbing
the occurrence of defective products

12.5- 107 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Contribution to Achieving SDGs Through Materiality Response (FY 2022)
Response Plans
Materiality

Relevant SDGs
Corresponding Social
IssuesScope ofapplication

KPI

Strengthening ofmaintenance service
setup

Domestic

Achievement ratio of operational management
standards for produfourct maintenance service
systems

Promotion ofsustainableurbanization

Upkeep of social infrastructure bymeans of the appropriate maintenanceof products supporting power
infrastructure

Promotion of effective
use of water resources

GlobalRatio of reduction of water use (compared with
FY 2018)

Elimination of water
shortage problems

Reduction of water intake through thepromotion of water recycling

Improvement inenergy efficiency

Reduction of CO2 emissions through theefficient use of fossil-fuel-derived
energyImprovement of
resource efficiency

Reduction of CO2 emissions through theefficient use of fossil-fuel-derived
energyActivity outline

Contribution torealization of lowcarbon society

GlobalRatio of reduction of CO2 emissions (comparedwith FY 2018)

Scope
of
impactSupplement

11.3

Pos

6.4

Neg

7.3

9.4

Neg

Climate change
mitigation
Promotion ofenvironmental
protection

Prevention of waterpollution
Prevention ofenvironmental pollution

GlobalNumber of major environmental accidents
Prevention of air
pollution

Improvement in ratio ofuse of recycledmaterials in products
provided to markets

Developing
andpopularizing
environmental
ly considered
products

Expansion of market for
GS Yuasa products
contained in products
contributing to the
curbing of global
warmingGlobalGlobalRatio of recycled lead used as lead raw
materials in lead-acid batteries

Percentage of environmentally considered
products in total sales of all products

13.3
Promotion of environmental risk
management to control the discharge
and underground percolation of watercontaining harmful substances
Promotion of environmental risk
management to control the dispersal
and leakage of harmful substances andvolatile organic compounds

6.3
Neg
11.6

Reduction of natural
resource consumption

12.2
Pos

Reducing waste
generation

Reduction of landfill disposal throughthe recycling of waste

Improvement inenergy efficiency

Reduction of CO2 emissions through theefficient use of fossil-fuel-derived
energyReduction of natural
resource consumption

12.5

7.3

Reduction of CO2 emissions through theefficient use of fossil-fuel-derived
energy9.4
Pos

Reduction of CO2 emissions through theefficient use of fossil-fuel-derived
energy12.2

Climate change
mitigation

Responsible
procurement
promotion

Responses to
responsible mineralprocurement

GlobalAchievement ratio of responsible mineral survey
plan

13.3

Abolition of forcedlabor and child labor

Avoidance of the procurement ofminerals supporting human rights
violations by armed groups

Reduction of deaths
due to violence

Avoidance of the procurement ofminerals supporting human rights
violations by armed groups

16.1

Eradication of all formsof violence and torture
against children

Avoidance of the procurement ofminerals supporting human rights
violations by armed groups

16.2

Eradication of bribery

Avoidance of the procurement ofminerals involving the payment ofbribes or commission to armed groups

16.5- 108 -

8.7

Neg

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Contribution to Achieving SDGs Through Materiality Response (FY 2022)
Response Plans
Materiality
Activity outline

Scope ofapplication

Management of supply
chain CSR risks

GlobalRelevant SDGs
KPI

Achievement ratio of supplier CSR issues
improvement plan

Corresponding Social
IssuesScopeofimpactSupplement

Realization ofsustainable supply
chain

12.7

Neg

※Scope of application：”Domestic” means plans of Group companies in Japan; “overseas” means plans of Group companies outside Japan; “global” means plans of Group companies both in Japan and overseas.
※Scope of impact: “Neg” means the plan minimized the negative impact on the SDG; “pos” means the plan maximized the positive impact on the SDG.
※Relevant SDGs：The goal numbers and target numbers of the main SDG related to the plan are shown.

- 109 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Contribution to Achieving SDGs Through Materiality Response (FY 2022)◼ Content of Relevant Sustainable Development Goals and Targets
Goals№

Targets
Content

ENSURE HEALTHY LIVES AND PROMOTE WELL- BEING FOR ALL AT ALL AGES№
3.9

By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water and soil pollution and contamination

4.4

By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship4.7

By 2030, ensure that all learners acquire the knowledge and skills needed to promote sustainable development, including, among others, through education for sustainable development and sustainable
lifestyles, human rights, gender equality, promotion of a culture of peace and non-violence, global citizenship and appreciation of cultural diversity and of culture’s contribution to sustainable development

5.5

Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life

6.3

By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater and substantially
increasing recycling and safe reuse globally

6.4

By 2030, substantially increase water-use efficiency across all sectors and ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number ofpeople suffering from water scarcity

7.3

By 2030, double the global rate of improvement in energy efficiency

8.5

By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value

8.7

Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including
recruitment and use of child soldiers, and by 2025 end child labour in all its forms

8.8

Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment

9.4

By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies andindustrial processes, with all countries taking action in accordance with their respective capabilities

11.3

By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated and sustainable human settlement planning and management in all countries

11.6

By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management

12.2

By 2030, achieve the sustainable management and efficient use of natural resources

12.5

By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse

12.7

Promote public procurement practices that are sustainable, in accordance with national policies and priorities

13.3

Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction and early warning

16.1

Significantly reduce all forms of violence and related death rates everywhere

16.2

End abuse, exploitation, trafficking and all forms of violence against and torture of children

16.3

Promote the rule of law at the national and international levels and ensure equal access to justice for all

16.5

Substantially reduce corruption and bribery in all their forms

16.7

Ensure responsive, inclusive, participatory and representative decision-making at all levels

ENSURE INCLUSIVE AND EQUITABLE QUALITY EDUCATION AND PROMOTE LIFELONGLEARNING OPPORTUNITIES FOR ALL

ACHIEVE GENDER EQUALITY AND EMPOWER ALL WOMEN AND GIRLS

ENSURE AVAILABILITY AND SUSTAINABLE MANAGEMENT OF WATER AND SANITATIONFOR ALL

ENSURE ACCESS TO AFFORDABLE, RELIABLE, SUSTAINABLE AND MODERN ENERGY FORALL

PROMOTE SUSTAINED, INCLUSIVE AND SUSTAINABLE ECONOMIC GROWTH, FULL AND
PRODUCTIVE EMPLOYMENT AND DECENT WORK FOR ALL

BUILD RESILIENT INFRASTRUCTURE, PROMOTE INCLUSIVE AND SUSTAINABLE
INDUSTRIALIZATION AND FOSTER INNOVATION

Content

MAKE CITIES AND HUMAN SETTLEMENTS INCLUSIVE, SAFE, RESILIENT ANDSUSTAINABLE

ENSURE SUSTAINABLE CONSUMPTION AND PRODUCTION PATTERNSTAKE URGENT ACTION TO COMBAT CLIMATE CHANGE AND ITS IMPACTS

PROMOTE PEACEFUL AND INCLUSIVE SOCIETIES FOR SUSTAINABLE DEVELOPMENT,PROVIDE ACCESS TO JUSTICE FOR ALL AND BUILD EFFECTIVE, ACCOUNTABLE AND
INCLUSIVE INSTITUTIONS AT ALL LEVELS- 110 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Contributing to the SDGs through products and services (GS Yuasa Corporation)
Relevant SDGs
Business

Products and Services

Lithium-ion Batteries for
Hybrid Electric Vehicle,
Storage Batteries for Vehicles
with Start-Stop Systems

Lithium-ion Batteries forElectric Vehicle
Automotive
Batteries

Diffusion of automobiles with improved fuelconsumption

Improvement inenergy efficiency

Diffusion of automobiles with reduced fossil fuelconsumption during driving

Responses tonatural resource
depletion

Diffusion of automobiles curbing greenhouse gas
emissions thanks to reduced fossil fuelconsumption during driving

Climate change
mitigation

Diffusion of non-fossil-fuel transport infrastructure
to contribute to the realization of a low-carbon
society

Resilient social
infrastructure

Diffusion of automobiles with no fossil fuelconsumption during driving

Responses tonatural resource
depletion

Diffusion of automobiles with no greenhouse gas
emissions during driving

Climate change
mitigation
Halving the numberof deaths andinjuries from roadtraffic accidents

7.3

12.2

13.3

9.4

12.2

13.3

3.6

Storage Batteries That Make
Possible the Supply of ElectricPower to Vehicles Equippedwith Driving Safety Functions

Diffusion of automobiles providing advancedmeans of traffic safety

Lead-acid Battery

Promotion of the reuse of resources through the
supply of highly recyclable products

Realization of arecycling-oriented
society

12.5

Recycling Used Products(Lead-acid Batteries)

Promotion of the reuse of resources through the
supply of proper recycle schemes

Realization of arecycling-oriented
society

12.5

Diffusion of non-fossil-fuel logistics andtransportation infrastructure to contribute to therealization of a low-carbon society

Resilient social
infrastructure

Diffusion of on-premise transport vehicles andships with reduced fossil fuel consumption during
operation

Responses tonatural resource
depletion

Diffusion of on-premise transport vehicles andships with no greenhouse gas emissions during
operation

Climate change
mitigation

Diffusion of special vehicles with improved fuelconsumption during driving

Improvement inenergy efficiency

Diffusion of special vehicles with reduced fossil
fuel consumption during driving

Responses tonatural resource
depletion

Diffusion of special vehicles curbing greenhousegas emissions thanks to reduced fossil fuelconsumption

Climate change
mitigation

Diffusion of highly energy-efficient trains throughthe effective utilization of regenerated energy

Improvement inenergy efficiency

Diffusion of trains curbing greenhouse gas
emissions through the utilization of regenerated
energyClimate change
mitigation

Diffusion of electric power systems with stablesupplies of renewable energy

Increased use ofrenewable energy

7.2

Diffusion of electric power systems realizing theeffective utilization of renewable energy

Improvement inenergy efficiency

7.3

Diffusion of sustainable electric power systems

Resilient social
infrastructure

Diffusion of electric power systems curbing
greenhouse gas emissions through the utilizationof renewable energy

Climate change
mitigation

Diffusion of electric power systems effectively
utilizing renewable energy

Increased use ofrenewable energy

7.2

Diffusion of electric power systems optimizing theelectricity supply-demand balance

Improvement inenergy efficiency

7.3

Diffusion of energy infrastructure facilitating thestable supply of electricity

Resilient social
infrastructure

Diffusion of electric power systems supporting
long-term urban development plans

Sustainableurbanization

Diffusion of electric power systems curbing
greenhouse gas emissions through the utilizationof renewable energy

Climate change
mitigation

Lead-acid Battery

Promotion of the reuse of resources through the
supply of highly recyclable products

Realization of arecycling-oriented
society

12.5

Recycling Used Products

Promotion of the reuse of resources through the
supply of proper recycle schemes

Realization of arecycling-oriented
society

12.5

Storage Batteries for Batterypowered Forklifts, Storage
Batteries for Automatic
Guided Vehicles, Storage
Batteries for Battery-powered
VesselStorage Batteries for Hybrid
Transfer Cranes, Hybrid
Carrier Batteries

Storage Batteries for Batterypowered Trains, Storage
Batteries for Hybrid Railcars

Industrial
Batteries

Contributing to a sustainable society

Corresponding
Social Issues

Storage Battery Facilities for
Photovoltaic Power
Generation, Storage Battery
Facilities for Wind Power
Generation

Storage Batteries for Virtual
Power Plants (storage battery
facilities used with electric
power systems thatcomprehensively control
energy resources according to
supply and demandconditions)Improvement in
traffic safety- 111 -

11.2

9.4

12.2

13.3

7.3

12.2

13.3

7.3

13.3

9.4

13.3

9.4

11.3

13.3

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Contributing to the SDGs through products and services (GS Yuasa Corporation)
Relevant SDGs
Business

Products and Services

Contributing to a sustainable society

DC Power Supply,
Uninterruptible Power Supply

Stable electricity supplies to important facilities attimes of power failure or other electricity trouble

Resilient social
infrastructure

Realization of sustainable energy infrastructure
through the supply of power generation systems
using natural energy

Increased use ofrenewable energy

Stable electricity supplies to electrical load attimes of power failure or other electricity trouble

Resilient social
infrastructure

Photovoltaic Power
Generating Systems

Power
SupplySystems

Industrial
Membrane
Products

Electricity Storage System for
Railway (E3 Solution System)

Diffusion of electric power systems supporting
long-term urban development plans (purchased
electric power peak reduction using photovoltaic
power generation)
Diffusion of power generation systems curbing
greenhouse gas emissions through the utilizationof natural energy

Supply of electric power to trains at times ofpower failure or other electricity trouble

Resilient social
infrastructure

Diffusion of railway systems curbing greenhousegas emissions through the utilization ofregenerated energy

Climate change
mitigation

Maintenance Service

Early restoration of energy infrastructuredamaged at times of natural disaster (flooding,earthquake, etc.)

11.3

13.3

7.3

9.1

13.3

9.1

Sustainableurbanization

11.3

Decreased damage
caused by disasters

11.5

Adaptation toclimate change

Diffusion of wastewater treatment systems
hygienically eliminating dirty water

Improvement inwater quality

Membrane Devices for
Recycling

Promotion of the reuse of resources bymembrane devices to retrieve rare metals, etc.
contained in liquid waste

Realization of arecycling-oriented
society

Drinking Water Filter
Membranes, Tap Water
Purification Processing Filter
Modules

Diffusion of water purifying systems to realize
appropriate water quality

Safe water supply

Electrolytic Membranes forElectroplating

Reduction of plating defect ratio by using
microporous membrane so that the sludge andgas occurring on electrodes during electroplatingprocessing does not touch the substrate
Reduction of additive consumption through theuse of membranes to curb the proliferation ofplating additives

13.1

6.3

12.5

6.1

Reducing waste
generation

12.5

Improvement inresource efficiency

Reduction of health hazard risks through the
supply of lighting equipment that does notinclude harmful substances (mercury)

Ensuring healthy
lives

Reduction of electricity consumption through theuse of highly energy-efficient lighting equipment

Improvement inenergy efficiency

Diffusion of lighting equipment curbing
greenhouse gas emissions by means of low
electricity consumption

Climate change
mitigation

Diffusion of UV curable technology that does notemit volatile organic compounds (reduction ofhealth hazard risks due to chemical substances)

Ensuring healthy
lives

Reduction of electricity consumption through theuse of UV curable technology to realize highenergy efficiency

Improvement inenergy efficiency

Diffusion of UV curable technology to curb
greenhouse gas emissions through low electricity
consumption

Climate change
mitigation

Securing a good visual environment so that roadconditions and traffic conditions can accurately
be determined at night

9.1

Resilient social
infrastructure

Membrane Sheets andWastewater Treatment Units
for Sewage, Waste,
Combined Septic Tanks, andIndustrial Wastewater

UV Lighting Equipment(equipment for curing plastics
by irradiation with ultraviolet
light)

7.2

Climate change
mitigation
Improvement inenergy efficiency

Stable electricity supplies to facilities andhousing at times of power failure or otherelectricity trouble
Diffusion of electric power systems supporting
long-term urban development plans (purchased
electric power peak reduction using automotive
batteries)

9.1

Sustainableurbanization

Diffusion of railway systems realizing high energy
efficiency through the effective utilization ofregenerated energy

Charging and Discharging
Devices for Vehicle-toEverything (V2X) Systems
That Supply Electric Powerfrom Electric Vehicle Storage
Batteries

LED Lighting Equipment, UVLED Equipment (light sourcesthat use technologies to cureplastics by irradiation withultraviolet light)

Lighting
Equipment
andUltraviolet
Irradiation
DeviceCorresponding
Social Issues

Halving the numberof deaths andinjuries from roadtraffic accidents

8.4

3.9

7.3

13.3

3.9

7.3

13.3

3.6

Improvement in
traffic safety

11.2

LED Lamps for Street Lighting
Reduction of waste by enabling use of existing
lighting equipment when replacing lamps withLED

- 112 -

Improvement inresource efficiency
Reducing waste
generation

8.4

12.5

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

Contributing to the SDGs through products and services (GS Yuasa Corporation)
Relevant SDGs
Business

Products and Services

Contributing to a sustainable society

Reduction of electricity consumption through theuse of highly energy-efficient lighting equipment

Disaster Prevention
Rechargeable LED Solar
LightsLithium-ion
Batteries forSpecialApplications,High
Capacity
Primary
Lithium
Batteries

Lithium-ion Batteries for
Positioning System Satellites
That Provide High-precision
Positioning Services
Lithium-ion Batteries for theGreenhouse Gases Observing
Satellite
Primary Lithium Batteries forMarine Observation Buoys

Realization of energy infrastructure capable ofresponding at times when power supplies are
disrupted due to natural disasters caused byclimate change (flooding, earthquake, etc.)

Corresponding
Social Issues

Improvement inenergy efficiency

7.3

Decreased damage
caused by disasters

11.5

Adaptation toclimate change

13.1

Diffusion of lighting equipment curbing
Climate change
greenhouse gas emissions through low electricity
13.3
mitigation
consumption
Development of location-based services making
advanced use of geospatial information
Resilient social
9.1(autonomous driving, disaster information
infrastructuretransmission, smart farming, etc.)
Promotion of international measures to counter
global warming through the utilization of artificial
Climate change
13.3
satellites to supply highly accurate greenhousemitigation
gases observation data
Promotion of international measures to counter
global warming through the utilization of maritime Climate change
13.3
observation data that plays an important role inmitigation
medium- to long-term climate change forecasts* The figures above indicate the numbers of the SDG targets related to each product and service.

◼ Content of Relevant Sustainable Development Goals and Targets
Goals№

Content

Targets№

Content

3.6

By 2020, halve the number of global deaths and injuries from road traffic accidents

3.9

By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water and soil pollution andcontamination

ENSURE AVAILABILITY ANDSUSTAINABLE MANAGEMENT OF WATER
AND SANITATION FOR ALL

6.1

By 2030, achieve universal and equitable access to safe and affordable drinking water for all

6.3

By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals andmaterials, halving the proportion of untreated wastewater and substantially increasing recycling and safe reuse globally

ENSURE ACCESS TO AFFORDABLE,RELIABLE, SUSTAINABLE AND MODERNENERGY FOR ALL

7.2

By 2030, increase substantially the share of renewable energy in the global energy mix

7.3

By 2030, double the global rate of improvement in energy efficiency

8.4

Improve progressively, through 2030, global resource efficiency in consumption and production and endeavor to decouple economic
growth from environmental degradation, in accordance with the 10-year framework of programmers on sustainable consumption
and production, with developed countries taking the lead

9.1

Develop quality, reliable, sustainable and resilient infrastructure, including regional and trans-border infrastructure, to support
economic development and human well-being, with a focus on affordable and equitable access for all

ENSURE HEALTHY LIVES AND PROMOTE
WELL-BEING FOR ALL AT ALL AGESPROMOTE SUSTAINED, INCLUSIVE AND
SUSTAINABLE ECONOMIC GROWTH,
FULL AND PRODUCTIVE EMPLOYMENTAND DECENT WORK FOR ALL
BUILD RESILIENT INFRASTRUCTURE,
PROMOTE INCLUSIVE AND
SUSTAINABLE INDUSTRIALIZATION AND
FOSTER INNOVATION

9.4
11.2

MAKE CITIES AND HUMANSETTLEMENTS INCLUSIVE, SAFE,RESILIENT AND SUSTAINABLE

By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater
adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordancewith their respective capabilities
By 2030, provide access to safe, affordable, accessible and sustainable transport systems for all, improving road safety, notably by
expanding public transport, with special attention to the needs of those in vulnerable situations, women, children, persons withdisabilities and older persons

11.3

By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated and sustainable humansettlement planning and management in all countries

11.5

By 2030, significantly reduce the number of deaths and the number of people affected and substantially decrease the direct
economic losses relative to global gross domestic product caused by disasters, including water-related disasters, with a focus onprotecting the poor and people in vulnerable situations

12.2

By 2030, achieve the sustainable management and efficient use of natural resources

12.5

By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse

13.1

Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

13.3

Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact
reduction and early warning

ENSURE SUSTAINABLE CONSUMPTION
AND PRODUCTION PATTERNSTAKE URGENT ACTION TO COMBATCLIMATE CHANGE AND ITS IMPACTS- 113 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

GRI Content Index

GRI Content Index

On this CSR website, we have referenced that the GRI (Global Reporting Initiative) standards 2016, an international guideline forcompanies' sustainability reports.

GRI Standards

Disclosure Title

References

General Disclosures
Corporate Profile

2-1

Organizational details

Stock Data
Investors' Guide (PDF)

2-2

The organizationand its reporting

2-3

practices2-4

Entities included in the organization's
sustainability reporting

GS Yuasa's Offices & Group Companies

Reporting period, frequency and

Editorial Policy [ Period covered, Final update,contact point

Inquiries ]Restatements of information

Editorial Policy [ Material changes ]Appropriate Environmental Information Disclosure

2-5(GS Yuasa Corporation has not obtained third-

External assurance

party assurance for the report as a whole, but
obtained only for Greenhouse gas emission data.)

2-6

Activities, value chain and other

Investors' Guide (PDF)

business relationships

News Release

Activities andworkers

Provision of Comfortable Working Environment [2-7

Employees

2-8Workers who are not employees

Basic policy ]Corporate Governance [ Approach andGovernance System ]Corporate Governance [ CORPORATE2

2-9

Governance structure and

GOVERNANCE Report(PDF) > Matters Relating

composition

to Organizational Structure and Operation /Matters Relating to Business Execution,
Auditing/Oversight, Nomination, andRemuneration Decision-Making Functions ]Corporate Governance [ CORPORATE
GOVERNANCE Report(PDF) > Policies and

2-10

Nomination and selection of thehighest governance body

Governanceprocedures for the appointment and dismissal ofsenior management and nomination of director
and auditor candidates / Principle 4.9:
Independent outside director independence
standards and qualities ]2-11

Chair of the highest governancebody

Corporate Governance [ CORPORATE
GOVERNANCE Report(PDF) > Matters Relating
to Organizational Structure and Operation ]Role of the highest governance body2-12

in overseeing the management of

CSR Promotion Framework

impacts

2-13

2-14

Delegation of responsibility for
managing impacts

CSR Promotion Framework

Role of the highest governance bodyin sustainability reporting- 114 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)GRI Standards

Disclosure Title

References

General Disclosures
Corporate Governance [ CORPORATE
GOVERNANCE Report(PDF) > Principle 1.7:

2-15

Conflicts of interest

Related party transactions / Principle 1.4: Crossshareholdings / Matters Relating to Organizational
Structure and Operation ]

2-16

2-17

2-18

2-19

Communication of critical concerns

Corporate Governance [ Approach andGovernance System ]Collective knowledge of the highest
governance body
Evaluation of the performance of the

Evaluating the effectiveness of the Board of

highest governance body

Directors
Determination process and composition of

Remuneration policies

remuneration
Corporate Governance [Corporate Governance
Report(PDF) > Disclosed Details of Policy for

2-20

Process to determine remuneration

Determining Amount or Calculation Method ofCompensation / Status of Establishment of NonStatutory Committee, Composition of Members,
Affiliations of Head of Committee ]

2-21

2-22

Annual total compensation ratio
Statement on sustainable
development strategy

President's Message

CSR Policy and Code of Conduct

2-23

Policy commitments

2-24

Embedding policy commitments

CSR Promotion Process
CSR Promotion Framework
CSR Promotion Process
Promotion of Responsible Procurement

Strategy, policies

2-25

and practices
2-26

2-27

Processes to remediate negative

GS Yuasa Group Corporate Ethics Hotline

impacts

Measures to Prevent Harassment

Mechanisms for seeking advice andraising concerns
Compliance with laws andregulations

GS Yuasa Group Corporate Ethics Hotline

No serious compliance violations have occurred

UN Global Compact
2-28

Membership associations

Keidanren Charter of Corporate Behavior
Task Force on Climate-related Financial
Disclosures

2-29
Stakeholder

Approach to stakeholder
engagement

engagement

3

Material topics

Communication with stakeholders

Creating a Pleasant Workplace through Labor and

2-30

Collective bargaining agreements

3-1

Process to determine material topics

Materiality Specification Process

3-2

List of material topics

Materiality and Response Plan

3-3

Management of material topics

Materiality and Response Plan

103

Management Approach

Management Working as One

Economic
Incorporating Materiality (Key CSR Issues) into
Group Business Strategy
Chart Generator[ Results ofOperations/Profitability Indicator Ratios ]201

Economic

201-1

Performance

Direct economic value generated anddistributed

Earnings Report [ Earnings Report(PDF) >､､Statements of Income(Cost of sales Selling,
general and administrative expenses Non-､､

operating expenses Extraordinary loss Profit) ]Shareholders Return
Financial implications and other risks
201-2

and opportunities due to climate（

Response to Climate Change

）

TCFD

change- 115 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)GRI Standards

Disclosure Title

References

General Disclosures

201-3

201-4

103

Defined benefit plan obligations andAnnual Securities Report [Annual Securities

other retirement plans

Report(PDF) ](Japanese only)

Financial assistance received fromgovernment
Management Approach--

Ratios of standard entry level wage
202

Market202-1

Presence

103
Indirect
Economic

203-1

Impacts204

Proportion of senior management
hired from the local community

Management Approach

Infrastructure investments andservices supported

203-2

Significant indirect economic impacts

103

Management Approach-

Contribution to the SDGs through our businessactivities-

Contribution to the SDGs through our businessactivities-

Procurement
Practices

204-1

103

205-1

205

Securing the Minimum Wage

minimum wage

202-2

203

by gender compared to local

Proportion of spending on local
suppliers
Management Approach
Operations assessed for risks related
to corruption

-

-

-

Communication and training about

Anti-corruption
205-2

anti-corruption policies andWorkplace Meetings on CSR

procedures

205-3

103
206

Anti-competitive
Behavior

Confirmed incidents of corruption
and actions taken
Management Approach

No cases-

Legal actions for anti-competitive
206-1

behavior, anti-trust, and monopoly

No casespractices
207-1

207-2
207

Tax

Approach to tax-

Tax governance, control, and risk
management-

Stakeholder engagement and
207-3

management of concerns related to

-

tax
207-4

Country-by-country reporting

103

Management Approach

301-1

Materials used by weight or volume301-2

Recycled input materials used-

Environmental

301

Waste Management
Resource Recycling of Used ProductEnvironmental performance data [ Amount of mainmaterials consumption ]Materials

301-3

Environmental performance data [ Amount of mainmaterials consumption ]Reclaimed products and their

Environmental performance data [ Volume of used

packaging materials

products recycling ]Reduction of CO2 Emissions by Promoting Group-

103

Management Approachwide Energy Management
Energy conservation activities for logistics

302

Energy

302-1

302-2

302-3

Energy consumption within theEnvironmental performance data [ Amount oforganizationenergy consumption (Production) ]Energy consumption outside of theEnvironmental performance data [ Amount oforganizationenergy consumption (Physical distribution) ]Energy intensity-- 116 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)GRI Standards

Disclosure Title

References

General Disclosures

302-4

302-5

303-1

303-2

303

Water andEffluents

Reduction of energy consumption

Reductions in energy requirements
of products and services
Interactions with water as a sharedresource
Management of water dischargerelated impacts

303-3

Water withdrawal

303-4

Water discharge

Effect of environmental conservation [ Amount ofenergy saved ]-Initiatives for Water Security

Initiatives for Water Security

Changes in the water consumption for the Group
Changes in the amount of wastewater
Status of violations of permits, standards, andregulations related to water quality and quantity

303-5

Water consumption-

103

Management Approach-

Operational sites owned, leased,
304-1

managed in, or adjacent to, protectedareas and areas of high biodiversity-

value outside protected areas
Significant impacts of activities,
304

Biodiversity

304-2

products, and services on-

biodiversity
304-3

Habitats protected or restored-

IUCN Red List species and national
304-4

conservation list species with
habitats in areas affected by-operations
Reduction of CO2 Emissions by Promoting Group103

Management Approach

305-1

Direct (Scope 1) GHG emissions

wide Energy Management
Preventing Atmospheric Pollution

305-2

305-3

305

Emissions

Energy indirect (Scope 2) GHG
emissions
Other indirect (Scope 3) GHG
emissions305-4

GHG emissions intensity

305-5

Reduction of GHG emissions

Changes in Scope 1 and 2 emissions

Changes in Scope 1 and 2 emissions

Our calculated Scope 3 emissions

Reduction of CO2 Emissions by Promoting Groupwide Energy Management
Medium-term environmental goals [ CO2emissions ]305-6

Emissions of ozone-depleting
substances (ODS)
Nitrogen oxides (NOX), sulfur oxides

305-7(SOX), and other significant air

No cases

Status of release and transfer of substances
subject to the PRTR Law (Released into the air)emissions

306-1

306-2

306

Waste

Waste generation and significant

Waste Management

waste-related impacts

Resource Recycling of Used ProductManagement of significant waste-

Waste Management

related impacts

Resource Recycling of Used ProductEnvironmental performance data [ Amount of

306-3

Waste generated

306-4

Waste diverted from disposal

306-5

Waste directed to disposal

waste discharged ]- 117 -

Environmental performance data [ Amount ofrecycling ]Environmental performance data [ Amount of final
disposal ]Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)GRI Standards

Disclosure Title

References

General Disclosures
103
307

Environmental Compliance Management

Environmental
Compliance

307-1

103

Supplier
308

Management Approach

Environmental

308-1

Non-compliance with environmental
laws and regulations

Management Approach

Specific Initiatives to Promote Responsible
Procurement > 2. Green Procurement

New suppliers that were screened

Specific Initiatives to Promote Responsibleusing environmental criteria

Procurement > 2. Green Procurement

Assessment
308-2

Environmental Compliance Management

Negative environmental impacts inthe supply chain and actions taken

Specific Initiatives to Promote Responsible
Procurement > 4. Initiatives for Carbon Neutrality
and Reduction in Water Consumption

SocialProvision of Comfortable Working Environment
103

Management Approach

Ensuring Appropriate Working Hours
Respect for Individual Work-Life Balance

401-1
401

New employee hires and employee

Provision of Comfortable Working Environment >turnover

Basic policy

Employment
Benefits provided to full-time
401-2

employees that are not provided to-temporary or part-time employees

402

Supporting Work Alongside Childcare/Nursing

401-3

Parental leave

103

Management Approach

Respect for Labor Rights

Minimum notice periods regarding

Creating a Pleasant Workplace through Labor andoperational changes

Management Working as One

Occupational health and safety

Top-Management-Promoted Health and Safety

management system

Measures

Hazard identification, risk

Reducing Occupational Accident Risk

assessment, and incident

Top-Management-Promoted Health and Safety

investigation

Measures

Care

Labor/Management
Relations

402-1

403-1

403-2

403-3

Occupational health services

Worker participation, consultation,403-4

and communication on occupational
health and safety

403-5
Occupational
403

Health and403-6

SafetyReducing Occupational Accident Risk
Health Management Initiatives
Top-Management-Promoted Health and Safety
Measures
Creating a Pleasant Workplace through Labor andManagement Working as One

Worker training on occupational
health and safety
Promotion of worker health

Raising Worker Awareness Concerning Safety

Health Management Initiatives

Prevention and mitigation of
403-7

occupational health and safety

Specific Initiatives to Promote Responsible

impacts directly linked by business

Procurement > 1. Ensuring Quality and Safety

relationships
Workers covered by an occupational
403-8

health and safety management
systemTop-Management-Promoted Health and Safety
Measures

Materiality [ Enhancement of work environments
403-9

and occupational health and safety ]Work-related injuries

Reducing Occupational Accident Risk
Optimizing Work Hours

404

Materiality [ Enhancement of work environments

403-10Work-related ill health103

Management Approachand occupational health and safety ]Training and
Education
404-1

Average hours of training per year
per employee- 118 -Mid to Long-term Human Resources Development
and Appropriate Ability Assessment

Fostering Autonomous-minded Human Resources

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)GRI Standards

Disclosure Title

References

General Disclosures
Programs for upgrading employee
404-2

skills and transition assistance

Fostering Autonomous-minded Human Resources

programs
Percentage of employees receiving
404-3

regular performance and career

Fostering Autonomous-minded Human Resources

development reviews
103
Diversity
405

and Equal

405-1

Opportunity
405-2

103
406

Management Approach

Respect for Individual Work-Life Balance

Diversity of governance bodies andPromoting Women's Empowerment

employees

Employment of People with Disabilities

Ratio of basic salary andremuneration of women to men

Management Approach-

Prohibition of Discrimination and Respect for
Diversity

Non-discrimination
406-1

103

Incidents of discrimination andcorrective actions taken
Management Approach

No cases

Respect for Labor Rights

Freedom of407

Operations and suppliers in which

Association andCollective

407-1

Bargaining

the right to freedom of associationand collective bargaining may be at

-

risk
103
408

Management Approach

Prohibition of Forced Labor and Child Labor

Operations and suppliers at

Child Labor
408-1

significant risk for incidents of child

-

labor
103
409

Forced orCompulsory Labor

Management Approach

Prohibition of Forced Labor and Child Labor

Operations and suppliers at
409-1

significant risk for incidents of forced-

or compulsory labor
103
410

Practices

Rights of
411

410-1

103

Indigenous
Peoples

411-1

103

412-1

412

Management Approach-

Security

Human Rights
Assessment

412-2

Security personnel trained in humanrights policies or proceduresManagement Approach
Incidents of violations involving rights
of indigenous peoples

Management Approach

Improvement of Priority Human
Rights Issues
Employee training on human rights
policies or procedures

-

-

-

Management That Takes Human Rights into
Consideration

Improvement of Priority Human Rights Issues

Promoting Human Rights Education

Significant investment agreements
412-3

and contracts that include humanrights clauses or that underwent-

human rights screening

103

Management Approach

Building Better Relationships with Local
Communities

Operations with local community
413

Local

413-1

Communities

engagement, impact assessments,-

and development programs
Operations with significant actual and413-2

potential negative impacts on local-

communities- 119 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)GRI Standards

Disclosure Title

References

General Disclosures
103

414

Supplier Social

414-1

Assessment
414-2

415

Management Approach
New suppliers that were screenedusing social criteria
Negative social impacts in the supply
chain and actions taken

Promotion of Responsible Procurement

Promotion of Responsible Procurement

Responsible Procurement Survey of Suppliers

103Management Approach

-

415-1

Political contributions

No cases

103

Management Approach

Focus on Safety and Quality

Public Policy

Assessment of the health and safety

416

Customer Health416-1

impacts of product and service

Initiatives for Product Safety

categories

and Safety

Incidents of non-compliance416-2

concerning the health and safety

Important announcement regarding products

impacts of products and services
103

Management Approach

Automotive/Motorcycle Batteries & Chargers
Traction Batteries & Chargers

417-1

Requirements for product andLighting Equipment

service information and labelingIndustrial Batteries/Power Supply Systems
Lithium-ion Batteries

417

Marketing andExport Handling Product (Japanese only)

Labeling
Incidents of non-compliance
417-2

concerning product and service

No cases

information and labeling
Incidents of non-compliance
417-3

concerning marketing

No casescommunications
103
418

CustomerPrivacyManagement Approach

Information Security

Substantiated complaints regarding
418-1

concerning breaches of customer

No casesprivacy and losses of customer data
103419

Socioeconomic
ComplianceManagement Approach

Compliance with Laws, etc.

Non-compliance with laws and419-1

regulations in the social andNo major fines or penalties were imposed

economic area

- 120 -

Reference Data