GS Yuasa Corporation

Sustainability Activities in 2023

CONTENTS
Sustainability Initiatives
President’s Message ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶
CSR Policy and Code of Conduct ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶
Promotion of Sustainability Management ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

02
04
09

Initiatives for Sustainability Issues Related to the CSR Policy
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 ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

16
25
31
51
58
81
86
92

Editorial Policy
Editorial Policy ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

96

Reference Data
Reference Data ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶

97

Every year, the GS YUASA Group announces its views toward sustainability 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 2023 fiscal year through the contents of the “Sustainability Activities” website, of the sites of our.

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

President's Message
President's Message
Aiming to realize a sustainable society and sustainablegrowth for the GS Yuasa Group through advancedenergy technologies developed in batteries
As the first in Japan to successfully manufacture lead-acid batteries,
and first worldwide in achieving mass production of lithium-ion batteries
for electric vehicles, our high level of technological expertise isdemonstrated by products that deliver stable performance even in
extreme and highly demanding environments, such as in deep sea
research submersibles, aircraft, space satellites, etc. We are also
meeting the expectations of our stakeholders through engagement in
mobility and public infrastructure. I am confident that these efforts are
the result of practicing our corporate philosophy of being committed to people, society and the global environment
through the innovation and growth of our employees and business entities.
To help achieve a sustainable society and to ensure the sustainable growth of the Group, we recently reviewed ourexisting guidelines for enacting our management philosophies and formulated a new “Sustainability Management
Policy.” Based on our founding DNA and the knowledge we have accumulated over the past 100 years, Vision 2035
lays out our vision for a future focused on achieving the goals of this sustainability management policy andensuring the continuation of our business for the next 100 years to come. At the same time, it shows our regard
for efforts to meet the Sustainable Development Goals (SDGs) and our desire to grow into a company that isrespected for its contributions to society.
Society and the markets continue to change with the times, and movements aimed at resolving global-scale social
issues such as the SDGs and carbon neutrality are accelerating. Given these circumstances, the Company will
advance innovations in energy technology, contributing to the realization of a sustainable society in the areas ofmobility and public infrastructure.
To put our sustainability management into practice, we have established CSR policies and a Code of Conduct toservice as a guideline for action, and in April 2018 we also signed onto the United Nations Global Compact (UNGC),
which shares the same values as our CSR policies. Further, to put into practice the 10 principles in the four areasof human rights, labor, the environment, and anti-corruption that the UNGC requires of companies, as well as the
SDGs adopted by the UN and our own CSR policies, we have established a council to advance sustainability
initiatives in our operating companies, and are working to contribute to a sustainable society through our businessactivities.

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President's Message

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Going forward, the Group will continue taking on innovative challenges that leverage the advanced energy
technology we have developed to date, so that we may contribute to the realization of a global environment andsociety in which people everywhere can enjoy greater security and a higher standard of living.
President
GS Yuasa Corporation

The Ten Principles of the United Nations Global Compact< Human Rights >Principle 1 Businesses should supportand respect the protection ofinternationally proclaimed
human rights; andPrinciple 2 make sure that they are notcomplicit in human rights
abuses.

< Environment >Principle 7 Businesses should support aprecautionary approach toenvironmental challenges;
Principle 8 undertake initiatives topromote greater
environmental responsibility;andPrinciple 9 encourage the development
and diffusion ofenvironmentally friendly
technologies.

< Labour >Principle 3 Businesses should uphold thefreedom of association andthe effective recognition of
the right to 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 and occupation.

< Anti-Corruption >Principle 10 Businesses should work
against corruption in all its
forms, including extortionand bribery.

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President's Message

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

CSR Policy and Code of Conduct
Our Group has formulated a policy on responsible corporate conduct as guidelines for initiatives to achieve sustainability
management. We are committed to the sustainable development of society and business through the promotion ofbusiness activities founded on the CSR Policy and Code of Conduct formulated in May 2017 as the President's Policy.

CSR Policy
Besides legal compliance, we respect international norms, guidelines, and initiatives related to social
responsibility, work on sustainable 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 andregulations of each country and region. 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 forcedlabor or child labor. 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 andServices

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 soundmaterial-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 2023 (Web version)

CSR Code of conduct
1. Developing Fair, Transparent, and Sound Business, and Anti-Corruption

1-1．Compliance(1) We respect international and regional norms, guidelines, and initiatives, and also strictly comply with the laws
and regulations 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 ofeach country in order to maintain international peace and security, and we will not export in a manner tospread materials which could lead to 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 personaladvantage.

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 other contractors, 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 amountof 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 ourorder 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.

1-4．Management 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 co-researchers or co-developers; We will not disclose to the third parties without the priorconsent 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 theemployees and subcontractors 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 orleak to anyone without authority.
(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 frombusiness partners.

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CSR Policy and Code of Conduct

Sustainability Activities of GS Yuasa Corporation in 2023 (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 a justifiable 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
associated with organized crime.
(2) We will cut off business or any other relationships with individuals and organizations having an indication of
support for organized crime.

1-7．Transparency of information disclosure

We will disclose, within a specific time limit and with appropriate method, any information required bylaws and regulations of each country and region in which we operate, as well as specific information tomaintain good communication 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 withthe conditions stipulated by 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 topublic 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, inaccordance with the laws 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 forced labor or child labor in any way.
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CSR Policy and Code of Conduct

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

2-5．Avoidance of complicity in human rights abuses

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

3. Conservation and Improvement of Adequate Working Environment

3-1．Conservation and improvement of safety and health in working environments
We will maintain and improve working environments from the perspective of health and safety inaccordance with laws and regulations of each country or region in which we operate.

3-2．Ensuring appropriate working hours, securing minimum wages and prohibiting
unreasonable wage reduction(1) We will provide management in order to maintain appropriate working hours and will make every effort totake measures to prevent 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 tomaintain physical 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 andServices

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, throughall our business activities 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 incommercialization of our products and services.

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 reactin case a serious accident occurs on our product or service. And also, we investigate and collate therelative facts, research of causalities, make a necessary report on these inside and outside ourcompany group, and then we disclose information so as to take preventive steps.

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CSR Policy and Code of Conduct

Sustainability Activities of GS Yuasa Corporation in 2023 (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 forenvironmental 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 toincrease 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 ofthe life cycle of products and services, from acquisition of raw materials, development anddesign/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 byvoluntary 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 andservices 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 withthe 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 andcontribute 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 2023 (Web version)

Promotion of Sustainability Management
Our Sustainability management, in which we seek to contribute to a sustainable society andensure long-term commerce,
forms an integral part of the implementation of our corporate philosophy.

GS Yuasa Group's Sustainability"Innovation and Growth", our corporate philosophy, is the basis of the GS Yuasa Group's Sustainability management.
We believe our mission is to create “innovation” through the development of new technologies and the renewal of
business processes without the restrictions of old customs. Accordingly, we aim to achieve sustainable development ofbusiness and society, by not only expanding profits, but also contributing to people, society, and the global
environment. Furthermore, by responding swiftly through our business to global social issues and the needs andexpectations 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 (https://www.gs-yuasa.com/en/company/philosophy.php)

Sustainability Promotion Framework
Our Group has established a framework with the Sustainability Promotion
Committee supervised by the Board of Directors constituting the core, topromote sustainability initiatives in a diversified manner throughout the Groupover the medium- to long-term.

Sustainability Promotion
Framework

In this framework, the company president has been designated as the chiefcommanding officer for managing the entire Group's sustainability promotion.
Further, the corporate governance framework with the company Board of
Directors which makes important management decisions for the Group as its
core, supervises and manages the suitability of sustainability management in
the Group. Moreover, the Sustainability Promotion Committee, established at
our core operating subsidiary (GS Yuasa International Ltd.) which is theprimary decision-making body for the Group's business execution, works todiscuss, formulate, and promote overall sustainability activities, thereby
promoting group-wide sustainability management initiatives.
The Sustainability Promotion Committee is chaired by an officer (the officer
in charge of corporate communications) who has the role of promoting
medium- to long-term initiatives for the resolution of key sustainability issues,and comprises of members from heads of major business divisions andGroup companies. This Committee manages the response status of risks andopportunities related to sustainability issues that need to be handled by eachdivision and Group company.

See details of GS Yuasa's
corporate governance structure(https://ir.gs-yuasa.com/en/ir/
management/esg/governance/
governance.html)

Important matters (including modifications to key sustainability policies, andresponse to risks and opportunities associated with key sustainability issues)
discussed at the Committee meetings are communicated group-wide
following their resolution. Further, the Board of Directors reviews andapproves information for company-external disclosure of sustainability
information related to the Group.
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Promotion of Sustainability Management

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Sustainability Promotion Process
Our Group aims to enhance corporate value and stakeholder satisfaction by implementing a Sustainability promotion
process that is based on our corporate philosophy which reflects the Group's enduring corporate values.
In order to implement our corporate philosophy, the Group has formulated the Sustainability Management Policy, which
determines the future direction for achieving a sustainable society and enhancing corporate value. This policyemphasizes dialogue with stakeholders and makes a commitment to contributing to solutions to sustainability issues andmaintaining strong business foundations.
We have also established the CSR Policy, which comprises action guidelines for attaining the Sustainability Management
Policy, and we are committed to promoting initiatives to address sustainability issues related to the CSR Policy. Regarding
the major areas of CSR policy, we have compiled the CSR Code of Conduct, which clarifies the specific direction of CSR
activities, and individual policies clarifying concrete behavioral standards in CSR activities.
To achieve our Sustainability Management Policy, we have implemented medium- to long-term business strategy
processes (such as our Mid-Term Management Plan to achieve our Long-Term Vision that takes into consideration
sustainability issues). In addition, to achieve this policy, we are committed to promoting initiatives to manage sustainability
issues related to action guidelines formulated for employees (hereinafter referred to as the CSR Policy). We haveformulated both these plans to ensure the economic growth and sustainability of society and the Group by taking into
account the needs and expectations of stakeholders and social, environmental, and economic issues. Further, throughsuitable analysis and assessment of the status of responses to crucial risks and opportunities related to sustainability
issues and conducting necessary reviews, we strive to ensure continuous improvement of our sustainability initiatives.
Moreover, to implement our CSR Policy we have formulated a CSR Code of Conduct that defines specific behavioral
standards of responsible corporate conduct and ensure that these are disseminated to all company employees.
Overview of Sustainability Promotion Process

Overview of initiatives for sustainability issues related to the CSR Policy
Refer to page 16 for Developing Fair, Transparent, and Sound Business, and Anti-Corruption
Refer to page 25 for Respect for Human Rights
Refer to page 31 for Conservation and Improvement of Adequate Working Environment
Refer to page 51 for Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services
Refer to page 58 for Global Environmental Conservation
Refer to page 81 for Building Better Relationships with Local Communities
Refer to page 86 for Ensuring Social Responsibility within Our Supply Chain
See details of GS Yuasa's corporate philosophy, Sustainability Management Policy, and action guidelines(https://www.gs-yuasa.com/en/company/philosophy.php)
See details of GS Yuasa's Long-Term Vision (https://ir.gs-yuasa.com/en/ir/management/plan.html)- 10 -

Promotion of Sustainability Management

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Promoting Company-Wide Sustainability Initiatives
To promote company-wide sustainability initiatives, the Group distributes the document, the Vision Book, that clarifies our
corporate philosophy to all our employees. Through the distribution of our Vision Book, which provides a clear overview
of our corporate philosophy, sustainability management policies, Long-Term Vision, and action guidelines, the direction,
future vision, and values of the Group's sustainability management are shared with all our employees.
Our CSR Manual, detailing the Group's policy on responsible corporate conduct (CSR Policy) which serves as action
guidelines for sustainability management, is also distributed to all our employees. 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 the CSR Policy. Our CSR manual, translated into local languages(six languages) that local employees can understand, has been distributed to overseas Group companies. The Group iscommitted to ensuring that all domestic and overseas employees are cognizant of sustainability issues related to our CSR
Policy and is making efforts for the promotion of sustainability initiatives through business activities.

Materiality-Related Initiatives
To achieve our Sustainability Management Policy, the GS Yuasa Group identifies risks and opportunities relating toaction guidelines (CSR Policy), assesses the impacts on business and Society, and clarifies key sustainability issues(materiality) concerning the CSR Policy. After considering perspectives such as reinforcing our business foundations
and enhancing corporate value, we formulate a business plan that corresponds to those material issues (a materiality
response plan) and set management indicators and targets to measure the progress of the plan.
In addition, the Group body that promotes sustainability (the Sustainability Promotion Committee) regularly reviews
materiality and the content of the materiality response plan, taking into account the needs and expectations of the
stakeholders, sustainability issues, and other considerations. Furthermore, appropriate risk responses are implements
by using the Group's risk management system to address significant risks that concern the CSR Policy.
The GS Yuasa Group aims for enhanced management of financial and non-financial operations, as well as forsustainable corporate and social growth through execution of business processes that incorporate materiality in theLong-Term Vision and Mid-Term Management Plan.
See details of GS Yuasa's Long-Term Vision and Mid-Term Management Plan
(https://ir.gs-yuasa.com/en/ir/management/plan.html)
Materiality Specification Process

1. Identify risks and opportunities relating to the CSR Policy (Step 1)
We identify risks and opportunities relating to the CSR Policy, taking into consideration key issues of the Mid-Term
Management Plan, which is formulated based on the Sustainability Management Policy. When identifying these risks
and opportunities, our actions are based on international guidelines concerning responsible corporate conduct.

2. Specify significant risks and opportunities relating to the CSR Policy (Step 2)
We evaluate and assign a score to the risks and opportunities identified in Step 1 andspecify risks and opportunities that could have a substantial impact on business.
Next, we evaluate the impact of our Group's business activities on society relative tothese risks and opportunities that could have a substantial impact on business andthen identify significant risks and opportunities relating to the CSR Policy.

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Domains for identifying
significant risks andopportunities relating
to the CSR Policy (key
CSR domains)

Promotion of Sustainability Management

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

3. Determine materiality (Step 3)
We analyze risks and opportunities identified in Step 2 and determine significant sustainability issues (materiality)
relating to CSR Policy. In order to ensure the appropriateness of materiality, we also incorporate feedback fromstakeholders including outside experts when determining materiality.

Materiality and Response Plan
A summary of the Group's materiality response plans and the impact of these plans on society and business arepresented in the following table.
With respect to materiality shown in the table, we are conducting operations and management based on the measurable
target management and management criteria, make ongoing improvements and perform effective maintenance andmanagement. The details of the plans are periodically reviewed and revised according to changes in sustainability issues
and the needs and expectations of stakeholders.
When carrying out the Mid-Term Management Plan, the first year of which is fiscal 2023, we formulated new materiality
response plans to address significant sustainability issues. After summarizing the fiscal 2022 materiality response plans
and reviewing the materiality, we established materiality response plans for fiscal 2023 and later. In these plans, we not
only establish indicators and targets to manage the impact of significant sustainability issues on society, but also assess
the impact on business using financial indicators.
Summary of Materiality Response Plans (fiscal 2023–2025)
KPI
Scope of (key performance
FY 2025
Impact on
Impact on
Activity
Materiality
outline application*
targets
SocietyBusiness
indicator)(1) Number of times
complianceeducation
information
disseminated(1) 16 times
Domestic
annually(2) None(2) Number ofProvision ofsignificant
Thoroughly legal
Maintenance of Avoidance ofcompliancefulfilling our informationa sound and financial losses
violations
andCSR andwell-ordered from compliance
ensuring
promotion ofsocietyviolations
compliance compliance(1) Achievement ratio
trainingof compliancetraining plan
(2)
Achievement ratio 100%
Overseasof significant
complianceviolation risk
response plan
Increased
Promotion ofAchievement ratio ofinthe use of
Promotion of profits
patentacquisition
conjunction
companyhigh valueGlobal plans that contribute100%with theintellectual
added
to
the
expansionof
Respect and propertyoftechnological expansion
business
protection for rights
businessinnovations
intellectualofMaintenance Prevention
property
lost
sales
in
of a fair
Number of orders to
the future due
Elimination ofcompetitivecease
manufacturing
to sales ofinfringing
Overseas against manufacturers
2
order
counterfeit
products
of infringing products
products- 12 -

Promotion of Sustainability Management

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

KPI
Scope of
FY 2025
Activity
performanceoutline application* (keyindicator)
targets
Cyberattack response
Promotion ofratio at time of
security
100%
Globaldetecting highmeasures andsecurity alerts
strengthening
StrictofillegalInformation leakmanagement /inappropriate
andofDomestic confirmation
response
ratio
at time 100%
confidential accessmonitoring
of
large
data
outputinformation
Promotion of
Ratio of employees
information Domestic passing information
95% orsecurity
security proficiency
more
training
test
Achievement ratio of
human rights training
100%
Domestic
Promotingplanhuman rights
Achievement ratio of
education
Overseas harassment education 100%plan
Respect forindividuality
incident
Domestic Harassment
100%
response ratio
Thoroughmanagement
Achievement ratio ofof humanforeign national
Global100%
rights risks
employment risk
response plan
(1) Ratio of women in
management
positions(2) Ratio of women (1) 6.0% oramong newmore
graduates
recruited
for
30% or(2)
Women's
career-track
more
Domestic
empowerment
positions(3) 17% or
more(3) Ratio of female
workers(4) 100%
Respect forAchievement
ratio
(4)
Diversityof training plan forfemale senior
managers
Materiality

Impact onSociety

Impact on
Business

Achieve a safe
and secure
informationsociety

Avoidance offinancial losses
from leaks ofconfidential
information

Raise awarenessconcerning
respect forhuman rights Avoidance offinancial losses
from human
Promotion of rights violations
safe work
environmentsthat provide
peace of mind

Acquisition ofshareholders'equity inconjunction
higherRealization of withexternal
rewardingassessment of
workplaces
Promotion of measures
participation regardingsby women in women'
empowerment
decisionSecuring labormakingcapacity byincreasing theretention rate
for female
employees
Avoidance offinancial losses in
Promotion of
conjunction with
the
Employment
rateof
to satisfy
employment Domestic persons with
2.67% or Promotion of failingthe statutoryof persons
more
full
employment
disabilities
standard for thewithemployment ratio
disabilitiesof persons withdisabilities
Reinforcementoforganizational
capabilities(1) Achievement ratio
through theof training plan for
utilization ofdevelopment of
the diverse
Promotion ofautonomousPromotionofindividuality of
Human
human
minded humanskill
employees
resources resource
Domestic
100%
resourcesdevelopment
for
Avoidance ofdevelopment developmentyoungpeoplehuman(2)Achievement
ratio
programs
resourceof next-generation
losses throughmanager
separation
education plan
Enhancementof human
resource
performance- 13 -

Promotion of Sustainability Management

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

KPI
Scope of (key performance
FY 2025
Materiality Activity outline application*
targets
indicator)(1) Response ratio toprevent therecurrence oflong working
hours(2) Annual frequency
Promotion ofof laborthe thorough(1) 100%
management
management Domestic
consultations(2) 12 timesof employees'
relating toworking hours
working hours (3) 100%and preventionof the(3) Operational
recurrence ofachievement ratio
long workingof standard forhours
number of daysof paid leave
taken annually
Achievement ratio of100%
Overseas overtime work
reduction targetof aEnhancement Promotion
turnover of full- 2.3% or lesswork-life
Domestic Jobof work
time
employeeenvironments balance
andNumber of corrective
occupational Thoroughrecommendations
health and implementation
the Laborof appropriate Domestic fromNone
safetyStandards Inspection
employment
Office based on spot
management
inspections
Promotion ofof high stress 10% or lesshealthDomestic Rate
individuals
management(1) Number ofseriousoccupational
accidents(2) Number of(1) None
Promotion of
accidents(2) Domestic：
occupational
resulting in
2 or less､
health andmissed work
GlobalOverseas：safety risk
Numberof(3)
39 or lessmanagement
workers not(3)Nonemeeting internal
blood leadconcentration
management
standards(1) Achievement ratio
Promotion ofof targets for
qualityclaims and in- (1) 100%
improvement
process defects
andGlobal(2) Nonestrengthening
Number of(2)of quality
serious productcommunication
accidents(1) Achievement ratio
Provision ofof producthigh-quality
safety-related
products
Reinforcement
incident reductionof product
Global100%
targetsafetymanagement(2) Achievement ratio
of product safety
education plan
Reinforcement
Achievement ratio ofof service
100%
Domestic service promotion
provision
project plan
- 14 -

Impact onSociety

Impact on
Business

Realization of
rewarding
workplaces
Prevention ofhealthdamagePromotion ofsafe andsecureworkingenvironment

Avoidanceof financial
losses fromoccupational
accidents
Avoidanceof financial
losses fromwork inexcess ofstatutoryworking
hours andfailure touse paid
leave

Improvement
in energy
efficiency
Responses tonaturalresource
depletion
Reducewaste
generation
Creation ofhighly reliable
and robust
infrastructure
Developmentof a safe andsecuresociety

Reductionof financial
losses from
qualitydefects
Expansionof profits inconjunction
withpromotionof services
Avoidanceof financial
losses fromtheoccurrenceof productaccidents

Promotion of Sustainability Management

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

KPI
Scope of2025
Activity
performance FYtargets
outline application* (keyindicator)
Promotion ofof reduction of 15% oreffective use Global Ratiowater
use (compared moreof water
with
FY
2018)
resources
Ratio of reduction ofContribution
to realization Global CO2 emissions
15% orof low-carbon
more(compared with FY
society
2018)
PromotingNumber of major
environmental Prevention ofenvironmental Global environmental
None
protection
pollution
accidents
Materiality

Improvementin ratio of useof recycledmaterials in
products
provided tomarkets
Expansion ofmarket for
GS Yuasa
Developing and products
popularizing contained inenvironmentally products
considered
contributing
products
to thecurbing of
globalwarming

Responsible
procurement
promotion

GlobalGlobalRatio of recycled
lead used as lead raw 70% ormaterials in lead-acid morebatteries

Percentage ofenvironmentallyconsidered products
in total sales of all
products

45% ormore

Responses to
responsible
mineralprocurement

GlobalAchievement ratio of
responsible mineralsurvey plan

100%

Managementof supply
chain CSR
risks

GlobalAchievement ratio ofsupplier CSR issues
improvement plan

100%

Impact onSociety
Eliminationof watershortage
problems
Improvement
in energy
efficiency
and resource
efficiency
Climatechangemitigation
Prevention ofwater
pollution andair pollution
Reduction ofnaturalresource
consumption
Reducing
waste
generation
Improvement
in energy
efficiency
Reduction ofnaturalresource
consumption
Climatechangemitigation

Impact on
Business
Avoidance ofloss of sales
opportunities
due to delayed
responses toissuesconcerning
water security,
carbonneutrality, anda recyclingoriented
society
Avoidance offinancial losses
from theoccurrence ofenvironmental
accidents
Avoidance ofloss of sales
opportunities
due to delayed
responses tocarbonneutrality
Increased
profits fromexpanded salesofenvironmentallyconsidered
products

Realization ofsustainablesupply chain
Abolition offorced laborand child Avoidance oflaborlossesReduction of financial
fromoccurrence
deaths due of supply chain
to violence CSR risks
Eradicationof all formsof violence
and torture
againstchildren*The scope of application may not cover all Group companies.

Refer to page 98 for detailed information concerning materiality response plans- 15 -

Promotion of Sustainability Management

Sustainability Activities of GS Yuasa Corporation in 2023 (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 tosociety and preserving 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 andmoral infringements and that “establishing rules and structure” and “developing a strong sense of commitment torealize compliance” are essential to becoming a corporate leader in compliance. Based on these guidelines,
multifaceted compliance promotion activities are developed at every employee level, and each employee is encouraged
to incorporate self-directed and proactive actions to yield an effective improvement in compliance awareness.
Policy on Compliance (Excerpts from Our CSR Policy)
The GS Yuasa Group 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 eachcountry and region. Furthermore, we address to prevent any kind of corruption, will not tolerate any illegal politicalcontribution, bribery of public officials, and will not have relationships with personnel or organizations of organizedcrime.
Compliance Declaration
The GS Yuasa Group is committed to achieving results without any violations of laws or any unethical behavior. The
company ensures that this corporate resolution will continue to be its stance in the future, and reiterate thiscompliance declaration.
Compliance Risk Management Structure- 16 -Developing Fair, Transparent and Sound Business and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Permeation of Compliance Awareness
The CSR Manual, which delineates our corporate philosophy and rules for adherence by every corporate Group
member, is distributed to all employees to facilitate compliance awareness.
The manual clarifies Group CSR policy and outlines behavioral standards which each employee must follow duringbusiness 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 Sustainability
To ensure that awareness of sustainability based on our corporate philosophy and CSR Policy reaches each and every
employee, the GS Yuasa Group conducts training programs on sustainability issues in the form of meetings at each
workplace.
These training programs target employees (including fixed-term employees) at all workplaces (380 workplaces) of the
major business company (GS Yuasa International Ltd.) and Group companies in Japan (21 companies). Also, theeducational materials used in the meetings have been made by the division in charge for each topic and include
content related to the circumstances of the Group. Vigorous debates took place at many of the meetings held in fiscal
2022, and 96% of the workplaces rated them as meaningful. We intend to continue running these meetings andupgrading the content to ensure that it is both up-to-date and educational.
Examples of themes of Sustainability workplace meetings
Contribution to the SDGs through “Innovation and Growth”
Diversity
Preventing intentional wrongdoing
Handling confidential information
Subcontracting laws
Personal information protection
Security trade controls
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- 17 -Developing Fair, Transparent and Sound Business and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

GS Yuasa Group Corporate Ethics Hotline
Number of reports to the GS Yuasa Group
corporate ethics hotline
FY
Number of reports
2018
10
2019
7
2020
4
2021
8
2022
9

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, temporary workers, suppliers andothers to provide information anonymously if they
become aware of behavior by a Group employee that
violates the law or company regulations or is unethical orotherwise inappropriate or any matter that is at risk of
becoming a violation. In addition, we ensure that
information identifying whistleblowers is managed
rigorously and that whistleblowers are protected inaccordance with the Whistleblower Protection Act so thatthey are not subject to disadvantageous treatment as aresult of making a report.
In fiscal 2022, we received nine reports relating toharassment and other matters. We conduct inquiries andtake appropriate action, on these matters, whileremaining committed to protecting whistleblowers.

Elimination of Antisocial Forces
The Group believes that, in order to fulfill its corporate social responsibility, it is imperative that business be conducted inaccordance with the law without yielding to antisocial forces or ever providing any form of benefit to any person orcompany associated with antisocial forces.
The Group's CSR Policy and Code of Conduct clearly stipulate specific guidelines 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 “willcut off business or any other relationships with individuals and organizations having an indication of support for organizedcrime.” This policy and the Code of Conduct have been shared with all Group employees. In addition, we have stipulatedclauses related to the elimination of antisocial forces in our contracts with business partners. Also, we have established asystem that ensures prompt cooperation with the police and lawyers in the event of any unreasonable demands fromantisocial forces.

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 ofcommunications by an outside security service, the introduction of an illegal connection detection system and othermeasures, we endeavor to prevent illegal access to our in-house network and forestall damage. We promoteawareness-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, and soon. Furthermore, based on domestic security standards, we conduct surveys of security measures in overseas Group
companies and give guidance to address vulnerabilities.
- 18 -Developing Fair, Transparent and Sound Business and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Intellectual Property
Intellectual property strategy
The Group's intellectual property activities are based on the PDCA cycle of identifying patent strength, identifying andavoiding risks, and acquiring rights with an awareness of how to link these activities to the growth of GS Yuasa's
business. During the period from the Fifth to Sixth Mid-Term Management Plans, we emphasized transformation to
strategic business, creation of intellectual property that is closely related to business units, clearance activities, andelimination of foreign competition and produced a certain degree of results. In the Sixth Mid-Term Management Plan,
we will focus on the three points described below with the objectives of ensuring the growth of existing businesses aswell as new fields by using intellectual property rights and acquiring and capitalizing on intellectual property rights that
other companies need from the perspectives of both goods and services.
Under the Sixth Mid-Term Management Plan, we will focus on the three points described below with the objectives of
ensuring the growth of existing businesses as well as new fields by using intellectual property rights and acquiring andcapitalizing on intellectual property rights that other companies need from the perspectives of both goods andservices to encourage activities that will lead to growth by the Group.

❶Calculation of patent scores and patent inventory

The Group uses a patent power analysis tool to analyze our own patents and those of other companies, calculate
patent scores to measure the degree of contribution from intellectual property activities to the Company's mediumto long-term growth and expansion of profits, and build a patent portfolio. Through these measures, we can visualize
our patent power and enhance the value of intellectual property.

❷Reforming the rights acquisition process by using specialized and intellectual property
information

Until now, we have been filing patent applications based on a patent application plan formulated at the invention
policy meeting held with development divisions at the beginning of each fiscal year. Since fiscal 2023, we have been
considering how important technologies in particular will affect business plans, selecting technologies that areconsistent with business plans, and committing the maximum amount of resources to patent applications related tothose technologies, thereby building an even stronger patent network.

❸Acquisition of patent rights in new business fields

To achieve our long-term vision, the Group is focusing on the provision of koto (solutions and services) in addition to
the provision of mono (products). To achieve this, we have started measures to identify patents related to suchprovision of koto (solutions and services) at an early stage. These activities will lead to the development of patentassets that will be necessary not only for conducting business independently, but also collaborating with othercompanies.

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

Sustainability Activities of GS Yuasa Corporation in 2023 (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
Survey of patent trends relating to reuse of lithium-ion batteriesIntellectual property creation activities
The Group aim of sharing information with the development division on important invention themes for the current
fiscal year. It also ascertains which themes need to be addressed, establishes suitable mechanisms for building
patent networks, and then prepares invention plans accordingly. Plan progress is reviewed, revisions are made atregular meetings, and measures are taken to achieve targets. In addition, to enhance the incentives for invention, we
have an annual award system that encourages inventions throughout the Company including the Outstanding
Invention Award for the patent that has contributed the most to business and the Best Inventor Award for those whohave created inventions that are outstanding both in quality and quantity.
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 areaof trademarks, the Group has been curbing counterfeiters in China, ASEAN countries, and other countries by
exposing them and suing for injunctive relief and has publicized major results on its own websites and the websitesof overseas affiliates to curtail them.
Number of patent applications and patents held (FY2022)
Items
Domestic
Overseas
Total
Number of patent applications
277
107
384
Number of patents held
1,977
1,771
3,748

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

Sustainability Activities of GS Yuasa Corporation in 2023 (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 necessarythat we undertake 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 the environmental initiatives and stakeholder relationships of investment targets has developed. The GS
Yuasa Group appropriately discloses not just financial information, but also material information relating tosustainability and works to enhance the transparency of management.
Through our disclosures on this Sustainability website, we seek to deepen mutual understanding and build trusting
relationships through communications 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 we implement various measures including
briefings on our Long-Term Vision and the Mid-Term Management Plan, distribution of pamphlets on our Long-Term
Vision, regularly publishes and investor relations column on the PR portal site, and in-house training programs todisseminate investor relations information.
In the future, we plan to use in-house training programs to disseminate investor relations information. We endeavor to
regularly share opinions obtained through these activities with management including the Board of Directors andreflect them in our management and business activities.
Record of main IR activities (FY 2022)
TargetActivity content
Shareholders'Shareholders
Meeting
Financial result
briefing
Institutional investors andanalysts

Individual investors

Frequency
Once
4 times

Remarks
Audio data (Japanese only) for the first andthird quarters is available on the shareholder
and investor information site
Video clips (Japanese and English versions)for the second and fourth quarters are postedon the shareholder and investor information
site

Japan:170 times
Specific interviews
Overseas: 51
times
Overseas roadshows
Once
Conducted online
Conferences
4 times
Small meetings
3 times
Plant tours
3 timesA briefing session providing an overview ofBusiness briefingsOnceand strategies for the industrial battery andpower supplies business was conducted.
One in-person briefing and three online
briefings
Briefing
4 times
The videos and briefing materials are postedon the investor relations site
- 21 -Developing Fair, Transparent and Sound Business and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Anti-Corruption
Approach to Anti-corruption
Extending money or corporate hospitality, exchanging gifts or offering other benefits and favors to public officials, andacts of receiving goods or corporate hospitality from business partners that exceeds socially accepted norms(referred to as “corrupt acts”) restrain economic growth and distorts competition, posing serious legal risks*1 andreputational risks*2.
The Group's CSR Policy and the CSR Code of Conduct, which embodies this policy, prohibit corrupt practices. A
manual (the CSR Manual) which explains the Group's fundamental approach to anti-corruption in an easy-tounderstand manner is distributed to all employees, ensuring that they are fully cognizant of the Group's anti-corruption
policy.
*1 Risks to the company of incurring losses due to violation of laws and regulations, breach of contract, infringementof rights of third parties, etc.
*2 Risks to the company of losses incurred due to a drop in corporate credibility and brand value arising from the
spread of negative valuation of the company
Fundamental Approach to Anti-corruption
The company does not engage in offering, receiving or extending corporate hospitality, exchange of gifts or otherfavors with customers, suppliers, or business partners, in excess of socially accepted norms.
We enforce thorough legal compliance with laws and regulations, including strictly prohibiting any offering or
receiving of corporate hospitality, exchanging of gifts, or other economic benefits to public officials in Japan oroverseas.
We do not engage in offering or receiving of corporate hospitality, exchange of gifts, financial benefits, or othersimilar benefits to government officials other than public officials (i.e., those working for organizations equivalent to
the government) for the purpose of preferential treatment or for any benefit that may be regarded as such.
Political contributions are prohibited, in principle.

Managing Corruption Risks
The Group is committed to the promotion of activities (risk identification, analysis, evaluation, and countermeasures,among other things) to prevent the actualization of business risks related to corruption as part of a company-widesystem for managing business risks for the entire Group. In addition, in preparation for situations where business risks,
including corruption, may materialize, we have established an emergency contact network to quickly take stock ofcrisis events and a system to minimize company losses in the event of a serious crisis.
The Group has established and enforces rules regarding the offering and receiving of corporate hospitality, exchangesof gifts, financial benefits and other similar benefits in business activities so as to prevent the acquisition of any unfair
business gains and undue convenience related to business operations. In addition, in order to prevent the provision of
unlawful gains including payment of bribes through third parties (agents, etc.), we ensure that transaction contracts
are concluded with select business partners (agencies, etc.) who do not engage in inappropriate financial demands.
In order to prevent any form of complicity in corrupt practices, we require that our suppliers comply with our
Responsible Procurement Guidelines, which stipulate the formulation of policies and procedures prohibiting all forms ofcorruption in the Group's supply chain. Further, we regularly check the status of the countermeasures against
corruption enforced by our suppliers and request operational improvements as necessary.

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

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

The Group has also established a whistleblower system that is accessible internally and externally and allows
employees, dispatched employees, and suppliers to anonymously consult and report on issues related to general
corporate ethics. A system has also been established to ensure that, in the event of any report of a corrupt practice,appropriate measures are adopted while taking care that the informant is protected.
There were no incidents of corruption in the Group in fiscal 2022.
Refer to page 87 for information on Responsible Procurement.
Refer to page 18 for the internal whistleblower system (Corporate Ethics Hotline).

Responsible Political Participation
The Group believes that building appropriate relationships with political and administrative authorities is important for
maintaining fair operating practices. In particular, as a Group that operates globally, we ensure thorough compliancewith laws and regulations related to political funding in Japan and overseas, and have also established rules thatprohibit practices which could be misinterpreted as collusion (such as extending benefits). We strive to ensure that all
our employees are fully aware of these rules.
Moreover, in principle, the Group prohibits political donations, and no such contributions were made in fiscal 2022
either.

Education on Anti-corruption
The Group is committed to making the utmost efforts to raise employee awareness through meeting-style training
programs on anti-corruption topics (such as prevention of intentional misconduct).

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, the Group thinks that the following two points are important so that crises stemming from the escalation ofrisks do not exert a serious impact on the Group or on society. First, by predicting and understanding risks andadopting appropriate preliminary measures, the escalation 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. Basedon 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- 23 -Developing Fair, Transparent and Sound Business and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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 thesharing 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 anddetermination 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 andnormalization of 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 departments are compiled on the divisional level with the director in chargeof the division and the corporate auditor verifying and assessing the status of responses through the Risk
Management Committee. The deliberations by the committees are summarized and then fed back to each department
as required, to enhance the effectiveness of risk management.

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 to swiftly 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 risk information(https://ir.gs-yuasa.com/en/ir/management/risk_information.html)- 24 -Developing Fair, Transparent and Sound Business and Anti-Corruption

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Respect for Human Rights
The GS Yuasa Group believes that the rights of all people must be respected in order torealize our philosophy 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 thatpreventing the occurrence of human rights violations in Group decision-making and activities is a key element ofmanagement. Moreover, we conduct business on a global scale, and for this reason, we believe that proper
management of human rights issues is crucial not just for 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, andcorporate 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 of the entire group, and we make employees aware of this policy. In
addition, we undertake human rights risk management by conducting human rights due diligence in accordance with
the Guiding Principles on Business and Human Rights, international norms on human rights. To ensure respect forhuman rights within the GS Yuasa Group, the organization that undertakes group-wide sustainability activities has
supervisory responsibility, and important matters relating to the promotion of respect for human rights are determinedby resolution of the Board of Directors.

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 childlabor.
Refer to page 9 for Sustainability Promotion Framework

Identification of Human Rights Issues
The GS Yuasa Group identifies human rights issues that pose human rights risk in collaboration with outside experts sothat we can conduct proper management of those risks (the risks of direct and indirect human rights violations arisingfrom 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 (notlimited 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 2023 (Web version)

Human rights issues that may be impacted by our Group business activities
Persons impacted by human rights
Human rights issues
Local
Customers,
Local
Suppliers Employees residents
users communities
Forced labor●●Child labor and dangerous work that puts●●
young workers at risk
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
Indirect human rights violations resulting from●
QCD priority procurement
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 inconjunction 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 beaddressed. We use human rights risk response checklists that enable us to determine the status of responses tohuman rights issues and the occurrence of human rights risk and assess the degree of impact on human rights. We
assess risk that originates not from business but 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 humanrights 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 the status of their responses regarding human rights issues, and when necessary, request that suppliers takehuman rights risk countermeasures. We collaborate with a variety of stakeholders in the mineral supply chain andundertake 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
international Ltd.) is set forth below. We plan to expand this process to domestic and overseas Group subsidiaries in
the future.
Priority human rights issues (GS Yuasa international Ltd.)
Priority human rights
Human rights risk
issuesUnsafe and unhealthy work Risk that workers are unable to work in a healthy manner due toenvironments
inappropriate occupational health and safety management
Risk of harm to the lives and health of local residents due toHarm to health due topollution or water contamination resulting fromenvironmental pollution atmosphericbusiness activities- 26 -

Persons impacted
by human rights
Employees
Local residents

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Grievance Mechanisms for Human Rights Violations
The GS Yuasa Group works to prevent and minimize negative impact on human rights throughout the value chain andhas established a mechanism (the GS Yuasa Group corporate ethics hotline) to provide remedies to persons who havebeen negatively impacted.
We have established internal and external whistleblower systems that employees (including the employees of suppliers)
who face a risk of human rights violations from business activities can directly consult or report on negative humanrights impacts. If information concerning a possible violation of human rights is received, we take measures to prevent
any expansion of human rights risks over the course of time by implementing appropriate and prompt
countermeasures based on the results of dialogue with the relevant stakeholders. When taking corrective action
relating to human right risks, we also make use of the results of discussions with outside experts as needed.
Refer to page 18 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 theimportance of business 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 humanrights 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 2022)
WorksitetimeCompany
Number of Worksites Implementation Rate Average implementation(hours)(%)
GS Yuasa International Ltd.
363
100
2.3
Group companies in Japan
149
100
3.8
Total
512
100
2.8
*Implemented for all GS Yuasa International Ltd. employees
TOPICSWorksite Training on Diversity
GS Yuasa International continuously conducts human rights education in the form of meetings for all
employees. In fiscal 2022, we set "diversity (psychological safety)" as an essential theme. Through discussions
based on case studies in the workplace, an appreciation is fostered in employees that respecting diversity andenhanced awareness of unconscious bias (prejudices that one unconsciously holds due to past experiences,knowledge, and beliefs, among other things) can help to facilitate psychological safety. In the future too, weare committed to promoting the creation of a culture that respects the diversity of all individuals so as toenable all employees to make the most of their multifarious values, experiences, knowledge, and abilities.

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Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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 of race, 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, are members 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 theGroup companies in Japan, including working conditions and benefit programs for 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 with theemployee 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 labor-management relations, we will continue to ensure the objectivity and transparency of company
management and increase the effectiveness of our various initiatives.
Labor-Management Consultative Structure on Labor Rights (Domestic Group Companies)
Name of Labor-management
Meeting
Content
frequency
consultative bodys management policies, business conditions and status
Management council
4 times/year Company'of business execution, etc.
the status of work hours and making improvements
Divisional committee
Monthly Checking
by R&D and business division
the status of work hours and making improvements in
Factory committee
Monthly Checking
production divisions
on policies and initiatives related to Group-wide
Central health and safety committee 2 times/year Consultations
health and 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 4 times/year Consultations on childcare and nursing care support systemsof Future Generations
and development of diverse working conditions- 28 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Prohibition of Forced Labor and Child Labor
Strict Enforcement of Rules on Forced Labor and Child Labor
The GS Yuasa Group has established fundamental rules on forced labor and child labor, distributed a manual (the CSR
Manual) explaining these rules to all employees, and thoroughly informed employees about the prohibition of forcedlabor and child labor (including the prohibition of complicity in forced labor and child labor). We also conduct selfchecks on human rights risks, including risks relating to forced labor and child labor to confirm whether any suchpractices are occurring.
In fiscal 2021, we conducted surveys on the employment conditions of foreign workers at domestic and overseas
business companies. In the future, we plan to conduct surveys regarding inappropriate working conditions for migrant
workers (such as whether forced labor is occurring) and to formulate and distribute Group-wide guidelines on strict
implementation of appropriate labor management of foreign workers.
Within the Group's supply chains, we require suppliers to comply with the Responsible Procurement Guidelines, whichcontain provisions on the prohibition of child labor and all forms of forced labor, among other matters. We also
periodically check the status of supplier compliance and request corrective measures as necessary.

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 tomeet the provisions of the UK's Modern Slavery Act enacted in 2015 and the Gender Pay Gap Information Regulations
enacted in 2017 as one of 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 to periodically release information in the future.
Refer here for relevant information (link the GYEUR website).
(https://www.yuasa.co.uk/csr-policies-modern-slavery-statement/)

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 and causes 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 ofpolicies regarding the prevention of harassment. We also conduct e-learning on workplace power harassment toenhance employee understanding. Further, we educate newly appointed managers with the aim of enhancing theirawareness 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 that each 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.
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Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Policy on the prevention of harassment
The Group does not tolerate any conduct that harms the personal dignity of individuals including sexual
harassment and power 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 and appropriate resolutions. Persons who consult with such hotlines or cooperate with confirmationof the facts shall not be subject to any detrimental treatment. In addition, privacy shall be protected.
Examples of responses to harassment reported to the Harassment Consultation Hotline
Subject
Details
Response
Speechorconduct
basedonawarenessof
Sexual harassment division of roles by gender
training and guidance forthat causes emotional distress Comprehensive
Power harassment Conductharassers, alerting supervisors, etc.
that is not necessary for work
Maternity harassment Harassment of pregnant employees- 30 -

Respect for Human Rights

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Conservation and Improvement of Adequate Working Environment
The GS Yuasa Group respects diversity and works to maintain and improve a pleasantworking environment. We are also committed to developing human resources with anemphasis 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 and mental health is crucial and takes measures with an emphasis on worksites that facilitate work andproviding meaningful work. We also strive to establish work environments that facilitate communication.
To progressively raise employee engagement, the Group moves to secure outstanding personnel, boost laborproductivity and otherwise enhance its corporate competitiveness.
Number and ratio of new employees (FY 2022, domestic companies)
Breakdown of new employees (person)
Number of new
Ratio (%)
Age group employees (person)
New graduates
Mid-career employees
MaleFemaleMale
FemaleMale
FemaleMale
Female
10's
25
4
15.2
2.4
25
4
0
0
20's
78
22
47.6
13.4
41
16
37
6
30's
22
5
13.4
3.0
0
0
22
5
40's
6
0
3.7
0.0
0
0
6
0
50's
2
0
1.2
0.0
0
0
2
0
60's
0
0
0.0
0.0
0
0
0
0
Total
133
31
81.1
18.9
66
20
67
11
Number of resignees and job turnover (FY 2022, domestic companies)
Number of resignees (person)
Job turnover (%)
Age group
Male
FemaleMale
Female
10's
1
0
4.2
0.0
20's
18
7
3.3
4.0
30's
29
5
3.8
4.4
40's
7
2
1.2
2.3
50's
9
0
0.9
0.0
60's
5
1
2.2
4.5
Total
69
15
2.2
2.8

- 31 -

Total
3.6
3.5
3.9
1.3
0.8
2.4
2.3

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Number and Breakdown of Employees (FY 2022, domestic business companies)
Number (persons)Gender ratio by category (%)
Types of employees
MaleFemaleMale
FemaleFulltime employee
2,924
502
85.3
14.7
*
221
25
89.8
10.2
Fixed-term employee
Total
3,145
527
85.6
14.4
*Contract employee, temporary employee, re-hired employee, etc.
Ratio of female employees to all employees
Scope of
FY 2018
Targetapplication
GS Yuasa
Fulltime employee
13.3
International Ltd.
Fulltime employee andEntire Group
12.7
fixed-term employee

FY 2019
13.5
11.7

FY 2020
13.6
11.2

FY 2021
14.1
11.1

Recommendations for Corrective Action Pursuant to the Labor Standards Act
Scope of application
FY 2018
FY 2019
FY 2020
FY 2021
GS Yuasa International Ltd.
0000
Entire Group00
00

FY 202214.7
10.6
FY 20220
1

TOPICS

Introduction of GLTD Program
The Group introduced a group long-term disability (GLTD) insurance program in November 2019 with the aimof creating an environment where employees can work with reassurance and expanding our benefits
programs. If an employee requires an extended 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 level of income up to age 60 andadds 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 and engagement (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 thatencourages the revitalization of the organization. We are committed to continued examination of the results ofregularly conducted diagnosis to promote the development of effective measures and the creation of anenvironment where all can continue working with a sense of fulfillment.

- 32 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Conservation and Improvement of Safety and Health in Working Environments
Promoting Occupational Health and Safety
The GS Yuasa Group believes that securing the health and safety of its workers is the paramount priority in doing
business and has established the Group Policy (The Fundamental Health and Safety Policy) for the promotion ofcompany-wide endeavors to build a corporate culture of safety. Furthermore, to ensure the health and safety of all
employees who work for the Group directly or indirectly including subcontractors and temp workers, we haveappointed an organization to conduct group-wide integrated management of health and safety. This has been
instrumental in strengthening health and safety management at both domestic and overseas business sites and Group
companies. In addition, we are undertaking initiatives based on our Fundamental Health and Safety Policy by creatingorganizational structures centered on safety and health committees established in business divisions and companies.
Our Group's domestic business sites have obtained the occupational health and safety management systems incompliance with international standards (ISO 45001) certification. In addition, a majority of the production companiesof our overseas Group companies have also obtained 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-wideattainment of the Fundamental Health and Safety Policy. We are committed to continual improvement of our healthand 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 toensure a healthy and safe working environment.
2. We will promote continuous improvement to the management system to achieve determined goals for healthand safety.
3. Managers/supervisors will grasp the root causes of dangers associated with safety and health and takemeasures systematically to lower their risks.
4. Through conference and discussion, managers/supervisors will reflect opinions of employees to activities
promoting health and safety.
5. Managers/supervisors will not overlook unsafe behavior of employees and will provide guidance to correctthem.
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 heor she finds the root cause of danger.

ISO certification acquisition rate at domestic and overseas production sites- 33 -

75%

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Overview of Organizational Structure

Reducing Occupational Accident Risk
At domestic business sites and domestic group companies, we identify potential hazard sources by conducting generalinspections using risk assessment methods and take mitigation measures according to the scale of the risk. Similar
measures are also taken concerning safety patrol activities conducted under the leadership of the safety and healthofficer. In the event of an industrial accident, information on accident occurrence status is shared with all employees atdomestic business sites in a timely manner, the cause of the occurrence is investigated, and measures are taken toprevent recurrence. In workplaces dealing with hazardous substances, we take risk reduction measures utilizing risk
assessment of chemical substances, and regularly monitor the working environment and workers' health in accordancewith laws and regulations.
Since fiscal 2020, we have been focusing on adopting essential measures (including eliminating hazard sources) andengineering measures (including improvements towards equipment that comes with safety functions) to eradicate“getting stuck or caught in machinery” accidents which are the top industrial disasters. We also implement ergonomic
measures (such as encouraging the use of power assist suits that reduce the physical burdens on workers) by workers
who perform work that imposes physical burdens. In addition, to prevent the occurrence of lower back pain associatedwith the carrying of heavy objects, working for extended periods, and repetitive work, we are working on strict
implementation of operations based on safety guidelines and on the creation and distribution of videos on preventionof back pain.
Furthermore, the Group's members responsible for the promotion of health and safety are committed to continued
support for the improvement of health and safety management at overseas Group companies. In fiscal 2022, safety
audits were conducted at our production factories in Indonesia, Thailand, Vietnam, Australia, and Taiwan, to further the
mitigation of occupational accident risks at overseas Group companies.
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.)- 34 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Status of occurrence of occupational accidents (GS Yuasa International Ltd.)FY 2018 FY 2019 FY 2020 FY 2021 FY 2022
0.47
0.62
0.55
0.30
0.60
Missed work frequency rate*1
Average frequency rate in manufacturing industry
1.20
1.20
1.21
1.31
1.25
*2
0.00
0.01
0.00
0.00
0.01
Rate of intensity
Average rate of intensity in manufacturing industry
0.10
0.10
0.07
0.06
0.08
*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 2023)

TargetDomestic business
Overseas Group
sites
companies
Number of serious occupational accidents
None
None
Number of workers not meeting our blood lead concentration
None
None
management standards
Number of worksites in work management category II and III
None--Number of accidents resulting in missed work
4 or less44 or lessPlease see here for details in targets and results for previous fiscal year.
(https://www.gs-yuasa.com/en/csr/pdf/materiality_2022.pdf)
Items

Raising Worker Awareness Concerning Safety
The GS Yuasa Group conduct activities intended to raise the awareness of safety among all employees who work for
the Group directly or indirectly including subcontractors and temp workers in order to maintain and improve safety
and health management operations. We also ensure that safety and health activities are well-established and raise theirlevels by conducting education and training to prevent safety and health risks from occurring.
From fiscal 2023, we have also introduced virtual reality (VR) experience-based training devices as part of oureducational initiatives on hazard simulation which allow trainees to actually experience and understand workplace
hazards. We are committed to continued efforts to promote health and safety education through hands-on training forhazards (such as falls from working at heights, contact with forklifts, and electric shocks), that could not be
experienced in the past with conventional devices.

Examples of activities for raising safety awareness

Posting statements of management intent concerning occupational safety at all worksites
Distribution of safety compliance 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, not using cell phones while walking, holding a railing whenclimbing or going down stairs, not crossing diagonally, ensuring pointing and calling when crossing- 35 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (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 (including suppliers)

Experience-based risk training (Kyoto Plant)

VR experience-based risk training (Kyoto Plant)

Participation in safety and health education (Fiscal 2022, GS Yuasa International Ltd.)
Number of participants
Classification
Items
Intended audience(persons)
Experience-based risk
967
training
on risk
General education Courses
All employees (including contractors), suppliers
36
assessment
Training for hazard
50
prediction
Specialized Education of safety
Persons (including contractors) promoting
160
education trainers
activities for 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 andmanagement. GS Yuasa International Ltd. has introduced and managed systems to accurately understand and manage
work hours (attendance management system and access control system). Moreover, an expert committee combining
labor and management is held monthly, and we check the condition 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 anindustrial physician and through an advisory system (see "Work Style Reform" below) for supervisors. In addition, we
provide compliance-related education with the themes of promoting understanding of work hour rules andappropriately managing work hours, to employees.

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Annual Working Hours
Items
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022
Remarks
Average
Refers to the prescribed work
number of fixed 1,709
hours minus hours taken for leave
1,704
1,710
1,697
1,687
hours worked
and hours absent due toannually
tardiness, leaving work early, etc.
AverageMonthly average number of
number of
216
206
196
198
205
overtime
hours worked: 17.1
overtimes hours
hours (FY 2022)
worked annually
Total
1,925
1,910
1,906
1,895
1,892
*Notes: Employees do not include personnel on leave or those transferred to workplaces overseas.
*Period: January to December

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 sureemployees stay physically and mentally 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
Setting Work-life synergy leave (consecutive paid leave is recommended)
Prohibiting two consecutive days of work on prescribed holidays
In principle, prohibiting late-night overtime work (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 tosupervisors on how to deal 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
Items
Unit FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Remarks
Number of days
Rate of acquisition for the numberof annual paid % 77.2
79.3
77.8
79.2
83.3 of statutory days granted: 98.2%
leave(fiscal 2021)
Percentage ofannual paid Days 16.4
16.8
16.5
16.8
17.8
leave taken*Notes: Employees do not include personnel on leave or those transferred to workplaces overseas.
*Period: September to August- 37 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (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 are paid 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, andenough information is included on the payment 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 fairtreatment regardless of type of employment.
Comparison of standard newcomer salary to local minimum wage (Fiscal 2023, GS Yuasa International Ltd.)
Occupation
Ratio (average)
Career-track positions
139％
Manufacturing jobs, clerical work
117％
*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 inthose 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 by rank and free participation type of training is used to improve leadership andmanagement skills and implement career development. With respect to career development, we promote career
management in which all employees take the initiative in setting goals and thinking about their vision of work byimplementing annual reviews relating to career formation.
Going forward, we are committed to expansion of educational opportunities for all personnel and to promoting
diversity management that leverages the diverse individualities of employees to enhance organizational strength.

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Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Basics of Human Resource Development

Training System
Classification
Training name
●New division manager training, ●Management training (in the 4th year after being appointed to a
managerial position), ●New manager training, ●New leader training, ●Career advancement training
Rank(sixth year after joining the company), ●Power-up training (in the 4th year after joining thecompany), ●Skills improvement training (third year after joining the company), ●New employee
training, ●Mentor training, ●Training for mid-career employees, ●Training for career development
communication training, ●Facilitation training, ●Time management training, ●Training for
Business Skills ●Logicalcoaching, ●English email writing training
Personal
Development ●Online language lessons, ●Distance learning, online courses, ●Skills training(external)
Acquiring●The Japan Business Law Examination (external), ●Business Accounting Examination (external),
Certifications ●Quality Control Test, ●Machine Maintenance Skills Test
Global Human ●Overseas practical training program(Training of candidates for overseas assignments), ●PreResource
overseas assignment training(language, management skills, etc), ●Training for nurturing nextDevelopment generation management●Training for women leaders' career advancement, ●Training for diversity management
Diversity(managerial positions), ●Leadership enhancement program
Training hours for human resources development (FY 2022, GS Yuasa International Ltd.)
Average training hours
Total training hours
Item
Classification(h/person)
(h)
Male
5.09
16,005
GenderFemale
7.75
4,085
Total
5.47
20,090Indefinite-term employment
5.85
20,054
Types of employees
Fixed-term employment
0.15
36
Total
5.47
20,090- 39 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (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 twoaxes of "career development" 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 aworkplace where each individual 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
autonomous-minded human resources"and "diversity and inclusion," and to theactualization of our corporate philosophyof "Innovation and Growth."
Our aim is to create an environment that
nurtures a culture in which diverse
human resources can grow together andplay an active role and to be a company
where each individual can continue towork with enthusiasm and fulfillment.
Our company will continue to promotethe "three Ls" and to cultivate diversity
and inclusion that enables all employees
to keep on shining, embracing theirindividual capabilities.
Roadmap for promoting women's empowerment- 40 -

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Action Plan Promoting Women's Empowerment (April 1, 2023 to March 31, 2026)
Raise ratio of women in managerial positions to 6% or more by the end of March
2025
Raise ratio of women among new graduates recruited for career-track positions every
Objective 2
year to over 30%
Increase the percentage of paid leave taken by all regular employees to 70% or more
Objective 3
each fiscal year
Objective 1

Important management indicators regarding measures to promote the active participation of women (unit:%)
Objectives
Results
Classification(FY2025)(FY2022)
Percentage of women among new graduates
30 or more
21.2
recruited for career-track positions
Percentage of women among workers
17 or more
14.7
Percentage of women in managerial positions
6 or more
3.9
Percentage of women at assistant managers
12 or more
9.7
rank
Percentage of men taking childcare leave
100
45.4
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 and evaluation criteria for appointment to managerial positions
Ensuring fairness in promotions and appointments (responding to life events) and assigning roles according toexpertise
Strategic appointment of female managers and officers (including medium- to long-term securing of female
employees with advanced abilities and high motivation for promotion)
Considering mid-career recruitment of female managers (including candidates for managerial positions)
TOPICS

Selected for the fiscal 2021 Nadeshiko Brand
In March 2022, our company was selected for the Nadeshiko Brand that is
jointly sponsored by the Ministry of Economy, Trade and Industry and theTokyo Stock Exchange. The Nadeshiko Brand aims to promote investment incompanies and accelerate corporate initiatives by introducing listed Japanesecompanies that excel in promoting women's empowerment every fiscal year
to investors who place importance on improving corporate value over the
medium to long term.

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TOPICS

Conducting Career Advancement Training for Female Assistant Managers
In July 2023, GS Yuasa International Ltd. conducted training targeting female employees at the assistantmanagers rank with the aim of enabling them to face the challenges and anxieties of balancing life events withcareer 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 demonstrateleadership based on one's own individual style, we also held panel discussions featuring female managers andguest lecturers, to foster familiarization with managerial positions. We believe this has led to the nurturing of acareer vision among female employees that focuses on managerial positions.

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, 2023, GS Yuasa's employment rate of people with disabilities meets 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 inan effort to maintain and improve a pleasant work environment.
*Special subsidiary: A system based on the Disabled Persons Employment Promotion Law, under which, when asubsidiary is certified by Japan's Ministry of Health, Labor and Welfare as giving special consideration to theemployment of people with disabilities, it can be regarded as one of the parent company's business establishments
when calculating the employment rate of people with disabilities.
Change in employment rate for persons with disabilities
Scope of application
April, 2019 April, 2020 April, 2021 April, 2022 April, 2023
GS Yuasa International Ltd.
2.79
2.53
2.56
2.68
2.52

Rehiring of Elderly Employees
Our Group operates a rehiring system by which employees who have reached mandatory retirement age can continue
to work and utilize their wealth of experience and high-level skills and abilities. If an employee who has reachedmandatory retirement age wishes to extend his or her employment with us, appropriate decisions on conditions andpersonnel assignment are made based on an evaluation of job necessity, the employee's work ability, and other factors.
Furthermore, as with currently active employees, we operate a work target management system and reflect job
performance in conditions so that rehired employees can work with motivation.
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 seniorcitizens as one measure to alleviate the labor shortage, but we aim to improve our capacity for sustained businessgrowth by enabling outstanding elderly people to display their skills and know-how.
State of Rehiring of Elderly Employees (FY 2022, domestic companies)
Number of rehired employees
Rehiring ratio
Employment ratio of rehire
Classification(persons)(%)
applicants (%)
Male
65
78
100
Female
3
100
100
Total
68
80
100
*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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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 of age.
As part of career training, we support employees' career development to enable them to continue to bereliable human resources 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 planningand asset management and assist them in leading an enriched second life after retirement.
Going forward, we will continue to nurture an environment where middle-aged and advanced-age employees
can demonstrate 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 inchildcare and nursing 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 and Childcare/Nursing Care Balance where we disseminate information on childcare-related
systems to employees. Further, the company has released a Handbook on Supporting Work-Childcare Balancetargeting 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 raising awareness 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 theirabilities while balancing work and childcare.
*Applies to the babysitter dispatch services provided by the All Japan Childcare Services Association commissionedby the Cabinet Office.

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Childbirth, Childcare and Nursing care support systems
Item
SystemDetails
Alleviation ofunder which work at the beginning or the end of working hours is exempted
commutation during Systemforfemaleemployees who are pregnant(up to 60 minutes/day)
pregnancy
System under which a leave of absence for six weeks before childbirth (14 weeks inMaternity leavecase of multiple 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 lesspregnancy/maternity than one year after childbirth can obtain a leave for medical examination, etc.
protection leave
Maternity protection System under which female employees who are pregnant or have spent only lessleavesthan one year 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)
System under which employees who are bringing up a child/children can take leave
Childcare leave(as the maximum period, until a child reaches the age of two)Childbirth,Childcare Short-time working System under which employees who have a child in the sixth grade or under inelementary school or a child with disability can work for a short time or work with adue to childcare
flexible schedule
System under which employees can take leave for nursing a child in the third grade
Nursing leaveor under in elementary school(five days/year for one child; ten days/year for twochildren or more)
Breast-feeding
System under which employees can get time for breast-feeding a baby under a yearhours
old (twice/day, 30 minutes each time)
Exemption/limitation System under which employees who are raising a child can be exempt from/limitof overtime work overtime and late-night workand late-night work
Issuing discountvouchers for
A system in which employees who use babysitters can avail subsidized usage feesbabysitter dispatch (up to 4,400 yen/day per child)services
Long-term nursing System under which employees who are caring for a family member can take leavecare leave(up to one year)
Short-term nursing System under which employees can take leave for nursing a family member (fiveleavedays/year for one person; ten days/year for two persons or more)
Nursing care
Short-timeworkingunder which employees who are caring for a family member can work for acare due to nursing care Systemshort time or work with a flexible schedule (up to three years)
Exemption/limitation System under which employees who are caring for a family member can be exemptof overtime work from/limit overtime and late-night workand late-night work
System under which employees can accumulate the number of days for annual paid
whose validity has expired(up to 40 days, acquired for the reason of nursing
Accumulated leave leavecare for a family member or raising a child in the third grade or under in elementary
school, etc.)
under which employees can take leave in hourly units from granted annual
Others Leave in hourly units System
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
A program for rehiring employees who left work for childcare, nursing care or otherprogramsimilar reasons to return to work if certain conditions are met- 44 -

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Utilization of Childcare support system（Childcare leave）
Females
Males
FY
Number of users Usage rate Return-to-work rate Number of users Usage rate Return-to-work rate
(person)(%)(%)(person)
(%)
(%)
2018
15
100
100
4
3.6
100
2019
18
100
100
3
2.7
100
2020
14
100
100
9
9.1
100
2021
21
100
100
27
22.5
100
2022
15
93.8
100
49
45.4
100
*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
Short-term nursing care leave
FY
Number of users
Return-to-work rate
Number of users
Total Number of days
(person)(%)(person)
(day)
2018
2
100
23
103.0
2019
1
0
23
99.0
2020
1
0
24
116.0
2021
1
0
23
70.1
2022
3
33.3
—
—
*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 of childcare support.
GS Yuasa has long worked to create environments where employees
can continue to work while caring for children and first received
Kurumin certification in 2017. Since then, we have established actionplans to promote support and enhance its effects, expanded theapplicable period of the program for reduced working hours forchildcare, introduced a telecommuting program for employees who aretaking 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.

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TOPICS

External Assessment of Initiatives for Sexual Minorities
The Group was awarded the Bronze Medal in the PRIDE Index 2022 inrecognition of its initiatives for sexual minorities (hereinafter referred
to as LGBTQ+). The Pride Index, established by work with Pride, is anindex for evaluating company initiatives for LGBTQ+ in the workplace.
In the future, we are committed to promoting diversity that is inclusiveof LGBTQ+, and aim for the actualization of a work environment where
each and every employee can work with enthusiasm and a sense ofsatisfaction.

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 the objective of supporting employees, to balance work and childcare successfully and engage in workwith a sense of fulfillment. 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, aremeaningful occasions for both employees who are balancing work and childcare and those who are in the
midst of challenging themselves to achieve this balance going forward. In addition, majority of the participantsin these information sessions are male employees, demonstrating that the percentage 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 a mosque in their respective offices. These companies allow employees to offer prayers at a mosqueduring working hours, and Muslims gather for prayers on Fridays from both the office and outside the company. We
also established a multi-purpose room that can 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.

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TOPICSSpecial Website on Diversity EstablishedIn April 2020, the GS Yuasa Group launched a special website toprovide timely information on our approaches to diversity and thestatus of activities. The site presents easy-to-understand information
regarding the Group's measures for the targets, results, and initiatives
associated with diversity and work style reforms, including thepromotion of women's empowerment.
Going forward, we will actively disclose information on plans to provide
opportunities for diverse human resources to demonstrate their fullcapabilities as well as the results of those plans.
Refer here for information on the special diversity website (inJapanese) (https://www.gs-yuasa.com/jp/diversity/)

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 our employees to perform their duties
while maintaining good physical and mental health so as to achieve maximum performance. The Group promotes
company-wide health management of our employees and their 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 andbusiness entities, the GS Yuasa Group supports employees and theirfamilies in collaboration with health insurance society so as to ensure thatthey maintain their own health and encourages "health promotion" so that
all employees can work zealously and with a sense 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.

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Promotion Framework
The GS Yuasa Group appoints a general occupational health physician (a contracted occupational health physician) at
the head office and occupational health physicians at its major offices, with 11 full-time nurses and public healthnurses nationwide. In addition, in collaboration with the health insurance society, the Group conducts healthmanagement promotion meetings attended by the health management officer(concurrently serving as chairperson ofhealth insurance society) and labor union executives to promote measures for employee health issues. Further, in orderto prevent severity of mental disorders, we have established a conducive environment for counseling from clinicalpsychotherapists 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 thatare identified, we adopt measures for promoting health, and formulate plans to resolve the issues after verifying theeffectiveness 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 withabnormal findings in regular health checkups
Implementation of health consultations and education for new graduates and mid-career employees to improvehealth literacy in early 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.)
2. Early detection and treatment of mental disorders
Setting up an internal consultation system and an external consultation desk (consultation, counseling, etc. with anindustrial physician, nurse, or public health nurse)
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 (individual consultations with a doctor, nurse, or
public health nurse)
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 engagement
surveys(including sharing information on issues through feedback to individual departments and support forworkplace environment improvement measures)
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- 48 -

Conservation and Improvement of Adequate Working Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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
Setting upper limits on monthly overtime working hours that are stricter than statutory standards
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 paidleave
5. Increase awareness and prevention of diseases and conditions 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
6. Infection countermeasures
Providing opportunities for vaccination against COVID-19 and influenza and subsidizing vaccination expenses
Conducting orientations and providing vaccinations for employees who will be stationed overseas to prevent thecontraction or spread of various infectious diseases
Objectives and Results for "health promotion"
Classification
Items
Objectives(%) FY2018 FY2019 Results(%)
FY2020 FY2021 FY2022
Consultation rate
100
100 100 100 100 100
Rate of persons with abnormal
30 or less 37
35
35
33
38
Regular healthfindings
checkups
Consultation rate of medical reexamination of persons with70 or more 59
63
59
66
68
abnormal findings
Consultation rate
100
93
94
94
93
90
Stress checks
Rate of high stress individuals
10 or less
9
9
8
8
10
Overall health risks
90 or less 89
87
86
83
83
Measures against
Rate of smoking
20 or less 23
22
22
21
20
smoking
Gynecological
Consultation rate
100
55
58
62
56
60
examinations
Colorectal cancer
Consultation rate
100
65
67
67
80
77
screening
TOPICS

Increase the Consultation Rate of Medical Re-examination of Persons with Abnormal
Findings in Regular 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 for regular checkups. In fiscal 2022, we commenced a system in which the time required to reexamine abnormal findings in regular 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 through collaboration between the Company and healthinsurance societies to prevent disease-severity through early detection of serious illnesses.

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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 toprevent 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 the novel coronavirus infections so that we can ensure the safety andpeace of mind of our employees.

Introduction of telecommuting program and staggered work times

In fiscal 2021, we continued with the implementation of 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 thenumber of times they may be used. We are operating this program 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.

We have implemented a system in which employees can use their accumulated leave in cases where they areunable 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
the novel coronavirus due to chronic illness and so on. We have also established a system in which 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 areopen to ventilate the cafeteria.
(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 wheneating, not talking while eating).

Measures concerning conducting events for new employees

The entrance ceremony and training for new employees for fiscal 2023 were conducted face-to-face withmeasures adopted to prevent the spread of the novel coronavirus infection such as ensuring adequate
distancing between seats, conducting disinfection with alcohol, and thoroughly ventilating the venue. As inprevious year, the training was implemented with venues scattered over three locations. Furthermore, healthmanagement of new employees was conducted before the start of their training, by measuring bodytemperatures and checking these temperature records.

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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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 andensure 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 ourcustomers on a group-wide basis, based on the Quality Policy. To remain a manufacturer trusted by customers at all
times, the GS Yuasa Group approaches manufacturing activities from the customer's perspective and works
relentlessly to improve the quality of products and services.
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 businessdivisions. The quality of our products and services is discussed company-wide every month by the Quality Management
Committee, which is chaired by a director (the executive 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 andpromote improvement team activities company-wide as a way to bolster the awareness of quality among employees
and to boost their understanding 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 isdesigned 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 processof the corporation, the industry and the on-site activity, implementing the designers' determination into the products
and the services for customer satisfaction, corporate profit and job security."- 51 -

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

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Quality Management Organization

Quality Loss Index for Domestic Business
FY
FY
FY
FY
Items
2018 2019 2020 2021
Quality loss
80
76
100
86
index

FY
2022
92

Remarks
Loss ratio occurring during product manufacturing
and sales*The fiscal 2017 quality loss index is set at 100, indicating the changes in the quality loss rate over five years.
Status of acquisition of certification of standards for quality management system (domestic businesssites)
Certification number
Business Unit
Scope of application(ISO9001､IATF16949*)
GS Yuasa International Ltd. Automotive Battery JQA-1678, JQA-AU0447-1～4
Business Unit
GS Yuasa Energy Co., Ltd.
YKA-4005088
DQS497841 QM15, DQS497841
Automotive Batteries
Lithium Energy Japan Ltd
IATF16
Blue Energy Co., Ltd.
JQA-QMA14793
GS Yuasa International Ltd. Lithium-ion Battery 50301451 QM15､50311451
Business Unit
IATF16
JQA-1397
Industrial Batteries, Power GS Yuasa International Ltd.
Supplies
Yuasa Membrane Systems Co., Ltd.
JQA-QMA15374*IATF16949: International standard for quality management systems in the automotive indsutry- 52 -

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

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Rounds of inspection by top management
The GS Yuasa Group systematically conducts rounds of onsite inspection, centering on domestic factories andbranches, by management. 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.

Promoting Greater Customer Satisfaction

The GS Yuasa Group values the opinions, recommendations and complaints of customers regarding our products andservices as important customer feedback. We improve our products and services after considering inquires received
by email and the opinions of customers heard at our Consultation Service Counter. We have taken measures using
audio guidance through which the telephone number of a person in charge is automatically dialed according toinquiries 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.
Inquiries and customer complaints
Items
FY 2018
Number of inquiries
11,712
Number of complaints
57

FY 2019
10,94242

FY 2020
11,76615

FY 2021
12,67221

FY 2022
11,374
10

GS Yuasa Consultation Service Counter(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 thecenter, to promote product safety management based on international standards for quality management systems. In
addition to conforming to product safety standards, each business division utilizes the results of product safety risk
assessments as well as know-how gained from case studies of failures to develop products that factor in the productusage environment and safety as the products are used, age, and deteriorate. Further, in addition to making note ofproduct unsafe events on a daily basis, we provide our customers with appropriate product safety information. In theunlikely event of the occurrence of a product accident that may harm our customers, we implement a system 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 so on), as necessary. Also, for the continued enhancement of product safety management, weleverage information such as points for improving product safety obtained through periodic internal audits andexternal inspection.
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Products and Services

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

GS Yuasa Product Safety Action FlowNo.
Flow
Details of activities
Review and final decisions about important
product safety issues
Disseminating information on productaccidents
Promotion of product Calling on business divisions to ensure
safety management
prevention before occurrence and prevention
1 (Product Safetyof recurrence of product-related accidents
Management
Confirmation and approval of the voluntary
Committee)
action plan related to product safety
Reporting to the top management about thestatus of occurrence of unsafe events andinstances of application of product liability
insurance
Formulate policies on product safety in
Product
safetybusiness divisions
2 activities
Ensure product safety in product realization
process
information on
3 Gatherproducts and services

Gather information on product safety
Gather information on complaints, defects andaccidents for our products and services

Examine information
4 and take appropriate
steps

Examine information, decide on and implement
appropriate steps and make continual
improvements (to prevent a reoccurrence)Manage and respond to crises concerning
product-related accidents and quality-related
claimsTake steps to prevent harm and any additional
accidents

Process, mechanism
Risk Management Rules
GS Yuasa Quality Management
SystemRegulations on management of
product safety

Divisional policy book
Quality-related manual forbusiness divisions
Claims information Center,
Consultation Service Counter
GS Yuasa website
Daily quality report
Quality-related manual forbusiness divisions
Manual on crisis management
concerning product-related
accidents and quality-related
claimsManual for implementing productrecalls

Status of achievement of product safety targets (Fiscal 2022)
Scope of
Items
Target Result application
Remarks
Number of serious
to product accidents involving death, serious
00Group-wide Applicableproduct accidents
injury or illness, 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 theirexperience through a quality education program systemized according to the level of quality control and type and rankof their job. Furthermore, basic quality-related education has been compulsory for all new recruits since fiscal 2008
and their knowledge of quality control (QC) is evaluated based on the results of the QC examination.
The Group is committed to working on quality-related education targeting employees to improve product quality andensure the safety of its products.

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Products and Services

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Quality-related Education
Quality
Management
Quality Education Course
Knowledge
Level
Quality
Management

Reference
Ranks and Level
External Seminars, etc. Target
for QCJob Types
Examination●Quality Control
Symposium, ●Quality Officers, General
Management Seminar Managers
for Officers
Key personnel in●Specialist Training Course for
the Technical
Manufacturing (Learning practical
Development
knowledge to develop management
Level 1
Department andskills), ●Experimental design method,
Quality Control●Reliability and quality engineering
Department
Quality Control ●Internal Quality Auditor Training,
Application●DRBFM, ●FMEA, ●Product Safety Quality Management Technologicaldevelopment(Methods), ●Product Safety (Outline), Correspondence●Quality Management System
Education (Preparation section, Quality
Level 2Requirements, ●Estimation andcourse for QC
management
Testing of statistical hypothesis,
Examination Level 2) section●Methods of statistical analysis●Seven New OC tools, ●Statistical
data necessary for process control,●Methods of collecting and
Quality Management All employees who
Basicstatistical data,
Correspondence
Knowledge of summarizingthe●Supportfor
TakingQC
Examination
Education (Equivalent entered
Quality Control Level 3, ●"why-why analysis",company
2 or more Level 3
toQC
Examination
and TQM
years ago
●Course for improving teamLevel 3)leadership, ●Daily management,●TQM (Outline)
Introduction to ●QC Story Method, Seven QC tools､New employees
Level 4
Quality Control ●Basic Quality (general)*Note: QC Exam levels are for reference only.
Number of Quality Education Courses and Participants (FY 2022)
Level of quality management knowledge
Number of courses
Number of participants
Introductory
8
158
Basic
21
589
Applied
26
422
Total
55
1,169
Cumulative Total of Successful QC Examinees
Level
FY 2018
FY 2019
Grade 112
12Grade 2244
266
Grade 3669
810
Grade 4
1,531
1,724
Total
2,456
2,812

FY 2020
13
275
900
1,826
3,014

FY 2021
14
307
1,006
1,943
3,270

FY 2022
14
330
1,109
2,093
3,546

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 fordesign 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 workplaceby utilizing his/her knowledge and experience.

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Products and Services

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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 andconduct aggressive quality management control in an effort to improve the quality of our products and services. In
addition, we have held a presentation 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 2022. Every year a large number of employees,
including overseas Group companies, participate at the venue, but in order to prevent the spread of the novel
coronavirus infection, only executives and concerned persons participated at the venue, and the audience participatedonline. 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 thepresentations. Furthermore, the "encouragement award" by the President and the "impression award" determined byparticipants' votes were presented to teams.
At presentation events in recent years, not only kaizen teams in quality-related business divisions but also people in thesales and development divisions, management divisions, and internal divisions made presentations, with a variety ofthemes.
The GS Yuasa Group believes that everyone must attain quality management tools. Through the presentation event, we
will share experiences/know-how in each workplace on a global basis and horizontally develop the results ofimprovement, continuing our efforts to conduct various improvement activities.

During the presentation- 56 -

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Products and Services

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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 theprevention of defective products.
From this perspective, we have taken measures from fiscal 2016; specifically, we share information on examples ofpast product-related accidents caused by unsafe conditions and critical quality problems with employees so that wewill never allow a similar quality problem to occur.
In fiscal 2022, the critical quality problem example exhibition was held at the Kyoto Plant, one of our Group companies,
and 238 employees participated in this exhibition. The exhibition was held with a limited number of participants inorder 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 theoccurrence of past critical quality problems, helping employees recognize examples of past mistakes as importantlessons. For further understanding of such lessons, areas are provided for exhibition-related presentations and Q&A
sessions. Until fiscal 2018, the exhibition was held 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 ofquality 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- 57 -

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

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Global Environmental Conservation
We work for environmental conservation in order to reduce the impact of our business operations,products and service 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 and contributing to a recycling-oriented society.
The GS Yuasa Group has established this Fundamental Environmental Policy to outline our basic Group-wide approachto environmental efforts. The policy aims to clarify our social responsibility toward the environment and guide ourcontributions to the emergence 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 the “Innovation and Growth” ofour employees and business entities. We will apply the advanced energy technologies we have built up
through battery research and development work to deliver comfort and peace of mind to customers
around the world, and aim to realize a sustainable society and increase corporate value.
Action Guidelines

1. Compliance with laws, regulations, and other requirements

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

2. Reducing environmental burden

We will aim to be carbon neutral by reducing greenhouse gas emissions throughout our supply chain tolimit climate change impacts. We will also recognize water as an important resource and strive toconserve it by reducing consumption levels.

3. Efficient utilization of natural resources

Toward a circular economy*, we will strive to minimize the amount of natural resources we use througha range of means, including reducing raw material usage, using recycled materials, and reducing waste
throughout product life cycles and services.

4. Environment-friendly products

To be able continue “creating the future of energy”, we will develop and manufacture products andservices that can contribute to the formation of a carbon-neutral circular economy.
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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

5. Biodiversity

Given that our business activities, products, and services depend on the natural environment, we will
promote biodiversity conservation activities to protect the ecosystems of endangered and rare species.

6. Disclosure

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

7. Human resources development

We will foster, across the entire GS Yuasa Group, personnel able to forge the future of our businesswith the aim of meeting our responsibilities in helping to create a carbon-neutral circular economy.
*Resource recycling society with zero waste

Environmental Mid- to Long-term Plans
We have developed mid-term plans for important issues related to our fundamental environmental policy in order tocontribute to the emergence of a sustainable society. Since fiscal 2019 we have been promoting this as one of ourbusiness strategies to address key management issues that concern the entire Group by incorporating environmental
objectives into our Mid-term Management Plan.
In April 2023, the GS Yuasa Group announced our Carbon Neutrality Declaration in the pursuit of reaching zero CO2emissions (Scope 1 and Scope 2) from our business activities by fiscal 2050. As specific milestones for achieving ourCarbon Neutrality Declaration, we have set CO2 emission reduction targets through fiscal 2030 and CO2 emission
reduction targets in our Mid-term Management Plan. Going forward, the Group will continue to actively promote
initiatives to mitigate climate change (energy conservation activities, use of renewable energy, etc.) with the aim ofachieving carbon neutrality.
Reviewing the Scope of Application in our Environmental Mid- to Long-term Plans
In order to reliably promote our initiatives for achieving carbon neutrality, we have reviewed the companies subject toour medium- to long-term environmental plans so that we can exert appropriate control and concentrate ourmanagement resources within the Group. In addition, CO2 emission conversion factors for Scope 2 have also beenchanged to improve the suitability of greenhouse gas emission calculation results.
The reviewed scope of application (hereinafter "new standards”) has been enforced since fiscal 2022; however, since
the medium-term environmental goals within our Fifth Mid-Term Management Plan which ended in fiscal 2022 hadbeen set under the scope of application before this review (hereinafter “old standards,” the calculation results foundthrough the old standards were used to evaluate the goal achievement status. Regarding the medium- to long-term
environmental goals in our Sixth Mid-Term Management Plan, starting from fiscal 2023, we will continue to contributeto the realization of a sustainable society by promoting effective action plans for Group companies under the newstandards.

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Review of Scope of Application in our Environmental Mid- to Long-term Plans

New standards (after
Remarks
review)
Consolidated target
New standards include
companies with production production sites with CO2
sites for which annual CO2 emissions under 1,000 tons
Scopeemissions of 1,000 tons or that are expecting
more (8 domestic plants, 16 increased emissions in theoverseas companies)
futureFactors for each fiscal year
Factors for fiscal 2016
released by each electricreleasedbytheElectric
company inDomestic Power Council for a Low power
accordance with the Act on CO2 emission conversion
Carbon Society
Promotion of Global
CO2 emission
related to theWarming Countermeasures factors
conversion factors
usage of renewable energy
for scope 2
Factors of each fiscal year derived electric power is
set at zeroin “Emissionsof each country issued
Overseas Factors
Factors”
bytheIEA
released by GHG Protocol (International Energy
Agency)Scope of application

Old standards (prior toreview)
Group companies with key
production sites (7domestic plants, 20
overseas companies)

Achievement status of Medium-term environmental goals in the Fifth Mid-Term Management Plan (FY
2019-2022)
FY 2022
Items
Results
Results
Objectives(Old standards) (New standards)
CO2 emission reduction rate (compared to fiscal 2018)
6.0% or more
14.8%
19.8%
Water consumption reduction rate (compared to fiscal 2018) 8.0% or more
15.6%
18.5%
Percentage of environmentally considered products in total 35.0% or more
36.4%
36.4%
sales of all products
Ratio of recycled lead used as lead raw materials in lead-acid 35.0% or more
52.9%
58.7%
batteries*The CO2 emission reduction rate for FY2022 under the new standard is calculated using greenhouse gas emission
data verified by a third-party organization.
Medium-term environmental goals and Long-term environmental goals (FY 2030) in the Sixth Mid-Term
Management Plan (FY 2023-2025)
Medium-term Long-term goals Results for the
Items
goals
base year
Remarks(FY 2030)(FY 2025)(FY 2018)
Organizational boundary (Scopeof application): financial control
criteria adopted (not applicable toCO2 emission reduction rate 15.0% or more 30.0% or more 434,360t-CO2 sales companies and sales
offices);(compared to fiscal 2018)
percentage of emissions based on
reduction target of company:
100%
Water consumption
reduction rate (compared to 15.0% or more--5,626,133m3
fiscal 2018)
Percentage ofenvironmentally considered 45.0% or more--(31.9%)
products in total sales of all
products
Ratio of recycled lead usedof utilization of recycled
as lead raw materials in 70.0% or more--(34.8%) Ratio
materials in main products
lead-acid batteries*The scope of application in this table reflects new standards (Scope: Eight domestic business sites, 16 overseas
business companies)- 60 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (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 as part of a systematic framework forenvironmental management, enabling us to makecontinual improvements for environmental
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 for environmental management, overseeing
the environmental management of the entire Groupworking with officers in charge of environment under
direct supervision. Environmental issues that affect theentire Group, such as fundamental environmental policy,
are discussed and finalized at management meetings.
We are also establishing environmental management
systems for domestic business sites and overseas
Group companies to enable quick and efficient
communication within the group. Starting in fiscal 2018,
we are expanding the scope of ISO 14001 certification,
the international standard for environmental
management systems, from our main domestic
business sites to the entire Group, thereby building asystem for strategically achieving the Group's
environmental goals.

ISO certification acquisition
rate at domestic and overseas
production sites

100%

sites having acquired third-party certification for their*Production
environmental management system standards other than ISO
14001 are excluded- 61 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Environmental Auditing
We conduct internal environmental audits at every GS Yuasa Group business site to determine whether ourenvironmental 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 andeffects of our environmental management systems.

Internal environmental auditing

Internal environmental auditors — with qualifications gained from training both inside and outside the company —determine the condition 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 and the functioning of PDCA cycles confirmed that every organization subject to audit adheres to ISO
14001 standards. We will continue working to improve these systems by evaluating environmental management from athird-party perspective and by using information on such items 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
the environmental policy.
New recruits are made aware of the GS Yuasa Group's basic philosophy on environmental
management.

Specialized Environmental Education

Training ofAt every business location, we train internal environmental auditors and provide them with educationinternal
environmental to boost their skills to continually improve our environmental management systems.
auditors
Emergency In every division, we regularly provide training on responses to potential emergencies to all
response
employees working in operations that have significant potential impact on the environment.
training

Environmental Compliance Management
The GS Yuasa Group regularly reviews the environmental laws and regulations that must be obeyed, and ensures,
through monitoring, 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 ofrecycling 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 2022.

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (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, watercontamination, 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 to reduce 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 enhancing of operational procedures.
We also hold emergency response training regularly to help mitigate damage in an emergency situation.
In fiscal 2022 there were no instances of emergencies directly related to environmental pollution at any of ourbusiness locations.

Appropriate Environmental Information Disclosure
The Group conducts environmental information disclosure in response to the CDP*1. The CDP requires companies todisclose information of environmental strategies based on the needs of institutional investors and customers. As we
recognize that climate-related 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 whichauthenticity of data has been secured through third-party verification*3. We are also promoting disclosure of
information on water security performance and countermeasures with regards to water risks.
In the future as well, we are committed to working on disclosure of appropriate environmental information in responseto the needs of various 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 on market standards)
Statement on third-party verification (FY 2022) (https://www.gs-yuasa.com/en/csr/pdf/SGS_230816e.pdf)
Refer to page 102 for information on our initiatives for the TCFD

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (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 selectionof 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 stageof the product life cycle. When environmental impact standards are not met, we review the design standards andredesign 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 theEnvironment (DfE) are communicated widely, which also maximizes their effectiveness.
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)

Flow of Environmental Assessment

Reflecting information in the products we distribute
Important information, such as customer requirements for GS Yuasa Group products, is used when we change thedesign of existing products 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
Substance Management 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 wellas 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, auxiliarymaterials and components to identify and definitively manage the substances covered by the guidelines to raise theenvironmental quality of our products.
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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (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. We incorporate into the Group's MidTerm 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
Batteries for vehicles Batteries for vehicles with start-stop systems (ISS) forwith start-stop
improving gas mileage by allowing the engine to stop
systems
instead of idling to reduce fuel consumption
Storage battery
systemExamples of products

A system to effectively utilize renewable energy (power
conditioners, lithium-ion battery, etc.)

Automotive Lithium- Hybrid vehicle batteries and electric vehicle batteries thation Batteries
contribute significantly 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-acidbatteries, one of our core products. We take action to work toward a recycling-oriented society as part of our businessstrategy by incorporating into the Group's Mid-Term Management Plan targets for the usage rate of recycled leadcontained 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 topromote the use of recycled materials in our products.

Reduction of CO2 Emissions by Promoting Group-wide Energy Management
The GS Yuasa Group believes that it is important to continuously improve the energy management system associatedwith its business activities and promotes the reduction of greenhouse gas emissions in order to respond to the socialchanges accompanying the transition to a decarbonized society (such as requests from stakeholders to reducegreenhouse gas emissions, addition of carbon prices to the use of fossil fuels, and shift from fossil fuels to renewableenergy).
In fiscal 2023, the GS Yuasa Group established an organization dedicated to promoting group-wide energy
management in order to achieve our Carbon Neutrality Declaration targeted at fiscal 2050 and our long-term
environmental goals (30% or higher reductions by fiscal 2030 compared to fiscal 2018*). This organization promotes
activities to formulate specific action plans for business divisions in order to continuously engage in company-wide
project activities (promoting measures to save energy, introducing solar power generation systems in our own
factories, and procuring renewable energy) carried out in fiscal 2021 and fiscal 2022.
The Group will continue to promote initiatives to realize carbon neutrality in order to fulfill the role of the company inthe transition to a sustainable decarbonized society.
*The Group manages CO2 emissions in totality and not on a basis of intensity, with the aim of reducing greenhousegas emissions consistent with the Paris Agreement.

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Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Main Activities of the Energy Saving and Renewable Energy Project (Fiscal 2022)
Classification
Items
Main Initiatives
Formulate an effective facility renewal plan
Review of facility renewal standards(utilization of facility management ledger)
Promoting measures Improvement of production processes ●Improvement of storage battery charging process,to save energy●Examining for improvement of charging facilities
Thorough periodic inspections of capacity utilization
Efficient use of production facilities
status●Installed a solar power generation system at the
Ritto plant (rating capacity: 2.2MW; estimatedImplementationofandexaminingfortheIntroduction of solar plan to introduce solar power
reduction: 700t-CO2/year), ●Examining for the
power generation
generation
facility
introduction of mega solar power generation facility
facility in our own
at business sites and Group companies in Japanfactories
Survey on the introduction of solar
Survey the feasibility of introducing equipment at all
power generation facility
11 business sites and Group companies in Japan
Switching to 100% renewable energy for electricity
used at the Kyoto Plant (procured 100 GWh
Procuring electricity derived fromequivalent per year from November 2021; fiscal
renewableenergyProcuring renewable
2022 reduction volume: 28,612t-CO2)energyAcquisition of domestic and overseas renewable
Procurement of electricity throughenergy certificates (20GWh equivalent; fiscal 2022
renewable energy certificates
reduction volume: 9,250t-CO2)
Usage Status of Renewable Energy at Our Factories (Fiscal 2022)
Electric power
Country
Production site
Classification(MWh)In-house
power
generation
110
GS Yuasa International Ltd. (Kyoto Plants)
External procurement
92,001Japan
GS Yuasa International Ltd. (Osadano Plants)
External procurement
304
GS Yuasa International Ltd. (Ritto Plants)
In-house power generation
377
GS Yuasa Ibaraki Co., Ltd.
External procurement
2,555
United Kingdom GS Yuasa Battery Manufacturing UK Limited
External procurement
856
Siam GS Battery Co., Ltd.
In-house power generation
1,569
ThailandYuasa Battery (Thailand) Pub. Co., Ltd.
In-house power generation
2
GS Yuasa Siam Industry Ltd.
In-house power generation
1,231
Vietnam
GS Battery Vietnam Co., Ltd.
In-house power generation
156
Refer to page 75 for data on changes in energy consumption in production at domestic business sites
Refer to page 77 for data on CO2 emissions at our Group- 66 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

TOPICS

Introducing a Solar Power Generation System at Our Ritto Plant
The GS Yuasa Group is actively promoting the utilization of renewable energy to achieve our Carbon Neutrality
Declaration and long-term environmental goals. In fiscal 2022, we installed a solar power generation system(generation capacity: 2.2 MW, battery capacity: 35.3 kWh) with a stationary power storage system at our Ritto
Plant, and it has been in operation since January 2023. The power generated by this system will be used for
production activities at our plant. This system is expected to generate approximately 2,300 MWh/year andreduce CO2 emissions by approximately 700 tons/year. We will continue to promote the utilization ofrenewable energy, including the introduction of mega solar power systems from fiscal 2023 onwards.

Solar power generation equipment (Ritto
Plant)TOPICS

Energy Conservation Activities at Our Gunma Plant
The GS Yuasa Group has continued to promote initiatives for the rational utilization of energy in order toreduce greenhouse gas emissions. The Gunma Plant has engaged in the cyclic utilization of hot air emitted
from electric hot-air generators used in the battery manufacturing process. These activities are expected toreduce electric power consumption by 28.2% (15 tons of CO2 emission reductions per year) compared toprevious levels. Also, these activities received the highest award in fiscal 2022, the “Energy Conservation
Grand Prize,” which is awarded by the Kanto Electricity Use Rationalization Committee* to recognize
outstanding energy conservation activities.
*Organization established to promote the streamlining of electricity around Japan's Tokyo Metropolitan Area

Electric hot-air generator

Award certificate- 67 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Energy conservation activities for logistics
The GS Yuasa Group promotes energy conservation for freight forwarding (shipping) as one way to reduce theenvironmental 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 quantityof goods being shipped, as well as energy consumption and CO2 emissions during logistics, and are implementing
energy saving measures such as reducing the quantity of items shipped between sites by integration of physicaldistribution 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 forautomobiles and motorcycles. By getting customers to purchase certified products, we are promoting activities inwhich 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 ofrail transportation for minimal environmental burden.

Examples of GS Yuasa Group products with Eco Rail certification

Refer to page 75 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 arestorage battery materials, and cooling of storage batteries in the charging process. Since water resources areimportant natural resources for the continuation of business activities, we believe it is important to work on ensuring
quality freshwater and reducing water consumption. Accordingly, the Group assesses water risks (flooding, drought,
water stress, etc.) at production sites using the water risk assessment tools released by the World Resources
Institution (WRI) as well as climate-related scenarios and the results of the Company's own environmental impact
assessments. In particular, the water intake volume at production sites determined to have high levels of water stress(four sites located in Turkey, Thailand) accounts for 12.9% of total water intake at all production sites. To effectively
use limited water resources, including responses to water stress, the Group included targets for reducing water intake
in production activities in all countries (15% reduction by fiscal 2025 compared to fiscal 2018) in its Mid-Term
Management Plan and is implementing initiatives that are integrated with business strategies. We also respond
appropriately to restrictions on water intake imposed by national and local governments.
In addition, in the production process of lead-acid batteries, water containing harmful substances (such as lead) isdischarged. The Group recognizes the importance of properly treating wastewater so that such wastewater does notadversely affect the surroundings of 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 ensurecompliance with wastewater standards based on laws and regulations and regional agreements.
By securing water necessary for business activities and through an appropriate response to water risks such asenvironmental pollution around business sites due to wastewater, the Group aims to promote water security initiatives
as well as realize the sustainable 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 ourfactories due to flooding and disruptions in the supply chain).
- 68 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Examples of a water risk initiative
Classification
Items
Example of Initiative
Water
Recycling water used in the production process
consumption Reusing water
Thorough implementation and management based on voluntary
Wastewater
management standards that are stricter than regulatory standards; regularmanagement
maintenance and management of wastewater treatment facilities
Treatment of Preventing under
Installation of dikes at wastewater treatment facilities and impermeability of
wastewater
seepagefloor surfaces
Responding to
Establishing response procedures and training for emergency situations inemergency situations case of water leakage
Refer to page 79 for data on changes in water consumption at our Group
Refer to page 79 for data on changes in amount of wastewater at our Group
Refer to page 75 for status of violations of permits, standards, and regulations related to water quality and quantity

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 to thorough implementation of our environmental management system that conforms tointernational 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 ofatmospheric 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.

Waste Management
The Group considers that promoting effective utilization of resources as well as the 3Rs (reduce: reduce waste
generation; reuse; and recycle) are crucial for contributing to the realization of a recycling-oriented society. As leadacid batteries that constitute the Group's main product use harmful substances (such as lead) as raw materials, we arecommitted 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 byreusing raw material loss (such as 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 disposalof 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 74 for data on waste-related changes (amount of recycling, quantity of final disposal)- 69 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Recycling Plastic Resources
Since the GS Yuasa Group uses plastics for such things as product materials and packing materials, we recognize theimportance of promoting initiatives for the streamlining of plastic resources, which do not easily decompose in theenvironment, and reducing and recycling waste plastics. The GS Yuasa Group, in the operational management of ourenvironmental management system based on international certification standards, identifies the use and disposal ofplastics as key environmental issues and promotes initiatives for recycling plastic resources.

Examples of initiatives for recycling plastic resources
Efficient use of plastic resources and utilization of alternative materials
Reducing the usage of product packing materials through employing high-elasticity stretch film
Achieving long-term usage of cushioning materials used for storing semi-finished products through employing highly
durable Styrofoam
Providing products using recycled resin
Changing resin pallets to cardboard pallets
Changing plastic cups to paper containers
Reducing waste plastic
Reusing plastic scraps generated in the production process for product materials
Reusing plastic materials used in the production process (storage bags, PP band, stretch film, air packs, foammaterials, resin pallets)
Changing from disposable to reusable resin containers
Recycling waste plastic
Purchasing recyclable office supplies and simple packing supplies (printer ink, label printer cartridges, etc.)
Thoroughly separating waste plastics (packing materials, PP band, office supplies, food packaging materials, etc.)
Promoting material recycling for waste plastics (Eco Cap, Styrofoam, etc.)
Utilizing thermal recycling for waste plastics

Resource Recycling of Used Product
The GS Yuasa Group believes in the importance of creating and operating a system for recycling resources from ourused products to help create a recycling-oriented society. To achieve this goal, the Group is promoting initiatives forprocessing used products and resource 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 to easier 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 this certification. 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 andproper 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 well as to recycle and properly dispose of post-use products.
Refer to page 75 for a five-year trend on end-of-life recycling of industrial batteries and power supplies- 70 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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 andregularly 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, their sources, 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 growthof animals and plants) are subject to reporting under the PRTR system. Of these substances, those that havecarcinogenic properties are classified as Specific Class I Designated Chemical Substances.
Refer to page 76 for data on chemical substance emissions
TOPICS

Initiatives for Biodiversity
At our Kyoto Plant, we have participated since fiscal 2021 in the Futaba Aoi Cultivation Program organized by
the Afuhi Project located in the premises of the Kamigamo Shrine in Kyoto City, and are involved in thecultivation of the Futaba Aoi, a plant endemic to Japan, in the plant premises. In addition, the cultivated Futaba
Aoi plant was handed back to Kamigamo Shrine in April, 2023 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 ourparticipation in the Afuhi Cultivation Program and are committed to considering and promoting 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 to cultivate the Futaba Aoi externally (that is by individuals, companiesetc.). This is because there is a high risk of animal damage attributed to deer andmoles and abnormal weather, etc. A project that aims for external cultivation of
Futaba Aoi (by individuals, companies etc.) to avoid the high risk 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

Offering the Futaba Aoi- 71 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

TOPICS

Environmentally Considered Road Paving
At our Gunma Plant, we have repaved the roads on the premises using asphalt modifiers generated fromcollected waste plastic bottles. We adopted a method of paving the roads that not only improves the durabilityof the asphalt pavement but also promotes the effective use of resources. The GS Yuasa Group also promotes
initiatives that take environmental impact into consideration for infrastructure improvements on our plantpremises.

Environmentally considered roadpavement on the premises (Gunma Plant)- 72 -

Global Environmental Conservation

Sustainability Activities of GS Yuasa Corporation in 2023 (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 application
Scope

Eight domestic sites ( GS Yuasa International Ltd. (Kyoto, Osadano, Gunma and Ritto
Plants), GS Yuasa Energy Co., Ltd., GS Yuasa Ibaraki Co., Ltd., GS Yuasa Moldings Co.,
Ltd. and GS Yuasa Azumino Co., Ltd.)Greenhouse gas
emissions related to
Scope 2

(1) Scope 2 emissions refer to CO2 emissions calculated based on market
standards*.
(2) Scope 2 emissions are calculated using the annual coefficient for each powercompany announced in accordance with the Act on Promotion of Global WarmingCountermeasures. 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 figures for past performance are also calculated using the revised criteria
due to the scope of application having been revised in fiscal 2022. Refer to page
59 for more details on this revision.
(3) All data was reviewed prior to disclosed.

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

- 73 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Environmental performance data (fiscal 2022)
Product
Classification life
Items
Unit
cycle
Amount of mainmaterialstconsumption
Production
INPUT

Amount of water
consumption

m³

Amount ofenergy consumption(crude oilconversion)kL

Amount ofPhysical energy consumption
distribution (crude oilconversion)
Volume of used
Waste
products recoveredkLtAmount of waste
dischargedt

Amount of recyclingt

OUTPUT Production

Total

Content
Breakdown Remarks
Virgin materials
122,122 Lead, sulfuric
186,298
acid, plastics,
Recycled materials
64,177 etc.
Water for industrial 999,521 Third party
use
water
2,256,768 Underground water 986,461
party
Public water supply 270,786 Third
water
Electricity
84,648City gas
12,181
99,872 LPG
2,846
Kerosene and196
gasoline
Energyconsumption
andbased on
3,302
3,302 Kerosene
gasoline
volume ofcargo
transportation
Batteries,
4,573 Industrial
4,573
Power Supplies
Waste plates,
batteries, and lead
4,899
paste
Metal scraps
612
Lithium-ion
3,044
batteries
Waste paper and872
garbage996
13,257 Sludge
Waste acids,663
alkaline substances
Emissions at
Yuasa
Waste plastic
959 GSInternational
Ltd.: 386t
Wood scraps
523
Other
689
Waste plates,
batteries, and lead
4,898
paste
Metal scraps
612
Lithium-ion
3,044
batteries
Waste paper and793
12,625 garbage
Waste acids,536
alkaline substances
Sludge853
Waste plastic
823
Wood scraps
467
Other
599

- 74 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Product
Classification life
cycle

Items

Amount of final
disposalAmount of wastewater
Amount of CO2
emissionsPhysical Amount of CO2
distribution emissions
Volume ofused products
recycling
Waste
Final disposal
volume (usedproducts)

Unit

Total

Content
Breakdown Remarks
Waste plates,
batteries, and lead0
paste
Sludge143
Waste plastic
136
t
633 Waste paper and80
garbage
Wood scraps
57
Waste acids, alkaline
126
substances
Other
90
Publicwater
body
1,159,958
River
m³ 1,960,932 Sewage disposal
800,9742Electricity
79,064 Scopeemissionsgas
23,544t-CO2 109,634 City
LPG
6,513 Scope 1
emissions
Kerosene and514
gasoline
Scope 3t-CO2
8,702
8,702 emissions(category 4)
3,782
t
3,782
t

791

791

Status of violations of permits, standards, and regulations related to water quality and quantity (fiscal2022)
of violations of laws and regulations
Items Number
for which have been imposed penalties Number of administrative measures
Water intake
00
Waste water00Data on changes in environmental performancefiscalfiscalfiscalfiscalfiscalCategory
Items
Unit 2018
2019
2020
2021
2022
Amount of main materials consumption
t 200,486 197,972 186,225 188,020 186,298
Amount of water consumption
m³ 2,443,918 2,474,798 2,455,407 2,348,351 2,256,768
Amount of energy consumption
in productionkL
98,320 97,816 96,772 98,869 99,872
INPUT (crude oil conversion)
Amount of energy consumption
in physical distributionkL
3,078 3,411 3,409 3,598 3,302(crude oil conversion)
Volume of used products recoveredt4,276 4,294 5,006 4,773 4,573
Amount of recycling (waste)t
10,266 12,809 11,126 12,083 12,625
Amount of final disposal (waste)
t
343
629
598
504
633
Amount of wastewater
m³ 1,937,866 2,116,450 2,171,530 2,020,468 1,960,932
Amount of CO2 emissions in production t-CO2 150,879 143,670 146,888 134,505 109,634
OUTPUT Amount of CO2 emissions in physicalt-CO2 7,970 8,931 8,953 9,484 8,702
distribution
Volume of used products recyclingt
3,559 3,566 4,156 3,952 3,782(used products)
Final disposal volume
t
717
728
850
822
791
(used products)- 75 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Changes in consumption of major raw materials
Items
Unit Fiscal 2018
Fiscal 2019
Fiscal 2020
Fiscal 2021
Fiscal 2022
Lead compoundst150,415
148,486
139,299
139,669
134,251
Sulfatet
31,69531,76930,18930,89929,286
Plastict14,324
14,18513,80013,351
13,493
Status of release and transfer of substances subject to the PRTR Law (Unit: kg)
Released Transferred Transferred
Substances subject toReleased into
Sites
public to sewage outside thethe PRTR Law
into the air waterways
system
site
Kyoto
77.0
0.0
3.7 16,000.0
Osadano
41.0
0.0
10.0
1,100.0
Gunma
77.0
3.4
0.0
130.0
GS
Yuasa
21.0
4.2
0.0
4,500.0
Lead compounds*
EnergyGS Yuasa
14.0
3.9
0.0
50.0
Ibaraki
GS Yuasa
7.0
0.0
0.0
11.0
Azumino
Kyoto
3.0
0.0
0.3
4.2
Arsenic and its
Gunma
0.0
0.5
0.0
0.0
inorganic compounds*
GS Yuasa
0.0
0.0
0.0
0.4
Energy
Kyoto
7.2
0.0
0.3
1.6
Osadano
0.0
0.0
3.7
0.0
Antimony and its compounds Gunma
0.0
1.7
0.0
0.0
GS Yuasa
0.0
0.0
0.0
0.5
Energy
Kyoto
0.0
0.0
0.0 24,000.0
Osadano
5.6
0.0
0.0
0.0
Manganese and its
Ritto
0.0
0.0
0.0
20.0
compounds
Lithium Energy
0.0
0.0
0.0 12,000.0
Japan
Kyoto
0.0
0.0
0.0
420.0
Osadano
2.1
0.0
0.0
0.1
Ritto
0.0
0.0
0.0
60.0
Nickel compounds*
Lithium Energy
0.0
0.0
0.0
2,800.0
Japan
Kyoto
0.0
0.0
0.0
149.0
Osadano
0.2
0.0
0.0
0.1
Cobalt and its compounds
Lithium Energy
0.0
0.0
0.0
2,000.0
Japan
GS Yuasa
Dichloromethane
1,600.0
0.0
0.0
36.0
Ibarakiacrylic acid and its waterGS Yuasa
42.0
0.0
0.0
70.0
soluble salts
Molding
GS Yuasa
N,N-dimethylformamide
4.0
0.0
620.0
2,300.0
Moldingboron compounds
Osadano
2.5
0.0
0.0
0.0
Total
1,903.6
13.7
638.0 65,652.9*Production of Specific Class I Designated Chemical Substances- 76 -

Total
16,080.7
1,151.0
210.4
4,525.2
67.9
18.0
7.5
0.5
0.4
9.1
3.7
1.7
0.5
24,000.0
5.6
20.0
12,000.0
420.0
2.2
60.0
2,800.0
149.0
0.3
2,000.0
1,636.0
112.0
2,924.0
2.5
68,208.2

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

The Group's Environmental Performance
Scope of application
Scope

The Group's production bases (Domestic: 8 business sites; Overseas: 16 businesssites)

Scope of application
regarding greenhousegas emission(1) The scope of application of Scopes 1 and 2 is the same as the above scope of
application.
(2) Regarding the scope of application of Scope 3, the scope of calculation is clearly
indicated for each category.

Greenhouse gas
emissions related to
Scope 2

(1) Scope 2 emissions show the CO2 emissions calculated using the methods ofmarket standards*.
(2) The CO2 conversion factor in the calculation of CO2 emissions associated withpower usage uses the following published values. However, the conversion factor
for electricity derived from renewable energy is set to zero.
Japan: Annual coefficient for each power company announced in accordancewith the Act on Promotion of Global Warming Countermeasures
Outside of Japan: Annual coefficients announced in “Emissions Factors,” apublication of the International Energy Agency (IEA).

Remarks(1) Regarding greenhouse gases other than CO2 are excluded from calculation
because their relationship to the Group's business activities is negligible and due
to extremely low emissions.
(2) The figures for past performance are also calculated using the revised criteria
due to the scope of application having been revised in fiscal 2022. Refer to page
59 for more details on this revision.
(3) All data was reviewed prior to disclosed.

*A method of calculating Scope 2 emissions based on the contents of the contract for purchased electricity (acalculation method taking into account the amount of renewable energy procured)CO2 emissions and water consumption by country (FY 2022)
Emissions* Water Consumption
Country CO2(t-CO
(m³)
2)
Japan
109,634
2,256,768
China
38,044
233,623
Taiwan16,98588,369Vietnam
24,593
175,808
Malaysia
1,819
35,709Indonesia
49,914
253,910
Thailand
46,654
713,378
Turkey34,672
684,371
United Kingdom
4,953
56,524
United States
8,699
46,350Australia
12,241
40,616
Hungary
175
516
Total
348,384
4,585,942- 77 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

CO2 emissions and water consumption by production sites for the Group (FY 2022)
CO2 Emissions* Water Consumption
Country
Production site(m³)
(t-CO2)
GS Yuasa International Ltd. (Kyoto, Osadano, Gunma
79,606
1,259,817
and Ritto Plants)
GS Yuasa Energy Co., Ltd.
22,971
746,013Japan
GS Yuasa Ibaraki Co., Ltd.
3,116
155,293
GS Yuasa Moldings Co., Ltd.
2,278
48,809
GS Yuasa Azumino Co., Ltd.
1,664
46,836
Tianjin GS Battery Co., Ltd.
18,097
138,911
China
Yuasa Battery (Shunde) Co., Ltd.
16,241
81,835
GS Battery (China) Co., Ltd.
3,706
12,877
TaiwanGS Battery Taiwan Co., Ltd.
16,98588,369Vietnam
GS Battery Vietnam Co., Ltd.
24,593
175,808
Malaysia
GS Yuasa Battery Malaysia Sdn. Bhd.
1,819
35,709
PT. Trimitra Baterai Prakasa
23,871
119,102
Indonesia
PT. Yuasa Battery Indonesia
26,044
134,808
Siam GS Battery Co., Ltd.
28,652512,068
ThailandYuasa Battery (Thailand) Pub. Co., Ltd.
12,216
164,901
GS Yuasa Siam Industry Ltd.
5,786
36,409TurkeyInci GS Yuasa Aku Sanayi ve Ticaret Anonim Sirketi
34,672
684,371
United Kingdom
GS Yuasa Battery Manufacturing UK Limited
4,953
56,524
United States
Yuasa Battery, Inc.
8,699
46,350Australia
Century Yuasa Batteries Pty. Limited
12,241
40,616
Hungary
GS Yuasa Hungary Ltd.
175
516
Changes in Scope 1 and 2 emissions (Unit: t-CO2)
Items
Fiscal 2018
Fiscal 2019
Fiscal 2020
Fiscal 2021
Fiscal 2022
Scope 1 emissions
73,27368,60966,55569,67866,952
Scope 2 emissions
361,087
350,252
341,075
314,887
281,432
Total
434,360
418,861
407,629
384,565
348,384
Our calculated Scope 3 emissions (Fiscal 2021)
CO2 Emissions
No.
Category
Scope of application(t-CO2)
1 Purchased goods and services
523,813 GS Yuasa International Ltd.
Yuasa International Ltd., GS Yuasa Energy Co.,
2 Capital goods
89,778 GS
Ltd., and GS Yuasa Technology Ltd.
The Group’s production sites
and Energy-related activities not
3 Fuel64,815 (domestic: 8 business sites; overseas: 16 businessincluded in scope 1 or scope 2
sites)
GS Yuasa International Ltd. (Restricted totransportation andtransportation of freight involving specified
4 Upstream
8,702
distribution
shippers*)
5 Waste generated in operations
1,226 Domestic production sites (8 business sites)
6 Business travel
785 Domestic production sites (8 business sites)
7 Employee commuting
2,283 Domestic production sites (8 business sites)
12 End-of-life treatment of sold products
18,048 Domestic production sites (8 business sites)
Total
709,450*Shippers whose annual freight transportation volume exceeds 30 million ton-kilometers based on the Law Concerning
the Rational Use of Energy- 78 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Changes in the water consumption for the Group (Unit: m³)
Water source
Fiscal 2018
Fiscal 2019
Fiscal 2020
Fiscal 2021
Fiscal 2022
Water for industrial use
3,148,201
3,198,006
2,830,053
2,594,353
2,350,532(Third party water)
Underground water
1,613,929
1,523,218
1,530,950
1,507,990
1,440,132
Public water supply
850,946825,801
789,858
832,153795,278(Third party water)
Other
13,05625,446000
Total
5,626,133
5,572,471
5,150,862
4,934,496
4,585,942
Changes in the amount of wastewater (Unit: m³)
Discharge destination
Fiscal 2018
Fiscal 2019
Fiscal 2020
Fiscal 2021
Fiscal 2022
River
1,882,505
2,166,819
1,964,975
1,843,706
1,741,475
Underground water
2,113,577
2,085,441
2,121,870
2,079,824
1,809,809
Total
3,996,082
4,252,260
4,086,845
3,923,531
3,551,284

Environmental Accounting
Scope of calculations for environmental accounting
Structures
Eight domestic sites (GS Yuasa International Ltd. (Kyoto, Osadano, Gunma and Ritto
Plants), GS Yuasa Energy Co., Ltd., GS Yuasa Ibaraki Co., Ltd., GS Yuasa Moldings Co.,
Ltd. and GS Yuasa Azumino Co., Ltd.). Note, however, that environment-related
equipment costs within business area costs do not include onsite affiliated companies.

Period covered

April 1, 2022 - March 31, 2023

Reference

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

Environmental conservation costs (categorized by business activity)
Category
Business area costs (total)
Pollution prevention costs
environmental
Breakdown Global
conservation costs
Resource recycling costs
Upstream and downstream costs*1
Management activity costs*2
Research and development costs
Social activity costs
Environmental remediation costs*3
Total

Total
(Thousands ofyen)
1,984,389
Efforts to prevent air, water and soil pollution
1,203,024
Efforts to reduce greenhouse gas emissions
473,993
Efforts to ensure suitable disposal of waste
307,372
Additional efforts to reduce environmental burden
23
Employee education and ISO 14001 maintenance and5,356
management
Research and development efforts in consideration of
12,622,000
the environment
Environmental volunteer efforts
6,101
Efforts related to soil pollution measures452
14,618,322
Key initiatives- 79 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Economic effect of environmental conservation initiatives
Category
Economic effects of more efficientwater use
Energy conservation effects
Waste reduction effects
Resource recycling effects

Key item
Water use and wastewater cost reduction*3
Cost reductions for electricity, heavy oil and gas (city gas,
LNG, LPG)*3
Cost reduction for industrial waste treatment*3
Profit from recycling and reusing waste

Monetary amount(Thousands of
yen)
6,707
-2,531,439
14,470502,192

Effect of environmental conservation
Category
Key items
Material amount Unit
Amount of recycled water used
1,114,987 m³*3
91,584 m³
Effects related to resources used in
Amount of reduction in water use
business activities
Amount of energy saved (crude oil-1,003 kL
conversion)*3
24,870 t-CO2
Amount of CO2 reduced*3
Amount of waste reduced (final disposal-128tvolume) *359,536 m³
Effects related to environmental burden Amount of wastewater reduced*3
and waste from business activities
Amount of waste recycled
12,625t
95 %Recycling rate*4[Water quality] Amount of lead discharged
25 kg[Air] Amount of lead emitted
237 kg*1 Upstream and downstream costs are the total of consulting expenses and expenses for contracts to create new
products based on 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- 80 -

Environmental Performance and Environmental Accounting

Sustainability Activities of GS Yuasa Corporation in 2023 (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 sound and 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 inrelation to economics, society, and the environment in the lead-up to 2030. Many countries, companies, and otherorganizations 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 ourcorporate philosophy of contributing to people, society, and the global environment through innovation and growth of
our employees and business entities. The Group is developing globally with storage batteries as its main products, andby providing products and services 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 theshared problems of the international community. In addition, the Group has decided to consider CSR issues that havean impact on its business as well as a significant impact on society, as materiality. By promoting activities that respondto materiality, we aim to maximize the positive impact and minimize the negative impact on global social issues.
Refer to page 109 for information on our efforts to contribute to the SDGs with Group products and services
Refer to page 106 for information on the Group's contribution to SDGs through its response to materiality
Refer to page 11 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 inouter space, and the 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 andis 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 by photovoltaic 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 asustainable society through development and manufacture of high-performance lithium-ion batteries.
*Source: the Japan Aerospace Exploration Agency (JAXA)- 81 -

Building Better Relationships with Local Communities

Sustainability Activities of GS Yuasa Corporation in 2023 (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 fire brigades 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 fire brigades in their smooth operations through the continuous supply of storage
batteries. In fiscal 2022, in addition to donations to other public institutions, PTGS provided 108 storage batteries freeof charge.
Inci GS Yuasa Aku Sanayi ve Ticaret Anonim Sirketi (below, IGYA), located in the Republic of Turkey, ensures acontinued supply of storage batteries manufactured by our company to all vehicles owned by Turkey's largest searchand rescue organization (AKUT), and has donated a total of 91 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. In February 2023, the company donated supplies, including tents
and containers to be used for accommodation, basic toilets, heaters, hygiene kits, and winter clothing, along with 300
storage batteries needed for energy systems, to support those affected by the major earthquake which had occurredin south-eastern Turkey.
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's largest 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 andcoexisting with them through our product offerings.

Donation of storage batteries tofire brigades (PTGS)

Donation of storage batteries to search and Donation of storage batteries to the wildlife
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 leadto 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 arenecessary to stabilize output fluctuations in power generated when photovoltaic power generating facilities areconnected to the power grid.
In conjunction with the global increase in energy demand due to the growing population, economic growth and otherfactors, 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 isaiming to contribute 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 2023 (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 IoT technology.
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 have been 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 (airconditioning 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 theintroduction and control of large storage batteries. In fiscal 2017, we introduced a container-type power storage
system at our Kyoto Plant and are promoting 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 event of power shortage).

External appearance of the container type power storage system- 83 -

Building Better Relationships with Local Communities

Sustainability Activities of GS Yuasa Corporation in 2023 (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 wasequipped with a space lithium-ion battery manufactured by the Group. The mission of IBUKI-2 is to accurately anduniformly measure greenhouse gases such as carbon dioxide and methane around the world and to increase theprecision of measurements.
Many countries are obligated to report on their own greenhouse gas emissions in accordance with the Paris
Agreement, in international 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 forconfirming the accuracy of greenhouse gas 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 theenvironment in the region.
Yakushima, which was placed on the World Heritage List in 1993 for the
first time in Japan, is representative of nature in Japan. The Foundation is
involved in activities to protect the beautiful natural environment on
Yakushima, a heritage for humanity, and the business for creating
communities where nature and people can co-exist.
Furthermore, GYB offers a family tour to Yakushima as the prize to the Gold
Award winner of the "GS Yuasa Eco Art Contest for Elementary SchoolStudents" which has been held from fiscal 2009, and also conducts
activities for elementary school students to experience the beauty ofnature.
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 children through support for the Foundation.

Rich natural environment on Yakushima(photo courtesy of the Yakushima
Environmental andCultural Foundation, a public interest
incorporated foundation)

Refer here for the website of theYakushima Environmental andCultural Foundation(http://www.yakushima.or.jp/)

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 togive the pupils, 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 theenvironment. 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 2023 (Web version)

Support for "Kokoro no Gekijo"
The GS Yuasa Group supports some of performances (in Kyoto, Gunma, and Shizuoka prefectures) of "Kokoro no
Gekijo" , sponsored by Performing Arts Centre Foundation and the Shiki Theatre Company. "Kokoro no Gekijo" uses thestage to communicate to children such important life lessons as the value of life, consideration of others, and the joyof trusting each other. Children across Japan are invited to the performances in school groups, free of charge.
Through our continued support of "Kokoro no Gekijo," we will continue to support activities that deliver valuable,
unchanging lessons to children who will be leaders of the future.

"THE CAT WHO WISHED BE A MAN"

Volunteers assisting with the production- 85 -

Building Better Relationships with Local Communities

Sustainability Activities of GS Yuasa Corporation in 2023 (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 areimportant business partners. For this reason, we workwith our suppliers on matters of quality control, healthand safety, as well as education and guidance oncompliance and overall CSR with the aim ofstrengthening our business foundation together withthose suppliers.

Procurement policy briefing for
suppliers

Supplier award winning companies

We also hold annual procurement policy briefings toraise understanding of our management policies, annual
business policies, and basic procurement policy and todeepen mutual understanding and trust. We also award
suppliers that have achieved excellent results ininitiatives (CSR, safety, quality, delivery date, price, etc.)that we expect from our suppliers.
In fiscal 2023, we will actively promote procurement
activities that focus on the three challenges of: achieving
stable procurement throughout the supply chain;strengthening the business infrastructure (QCDS) for
mutual development; and engaging in SDGs initiatives tocater to the needs of society and stakeholders.

Basic Procurement Policy

We will work to create better partnerships with our suppliers, andcontribute to people, society, and the global environment throughsustainable procurement.

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Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Promotion of Responsible Procurement
The GS Yuasa Group advances materials procurement based on awareness of such international social issues asforced labor, child labor and environmental destruction. Along with quality, performance, pricing, delivery deadlines andother 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 mutuallyprosperous supply chain overall.
In fiscal 2018, the GS Yuasa Group published Responsible Procurement Guidelines and issued it to suppliers to better
clarify the practices of responsible procurement. The Guidelines seek to support a sustainable society through thepartnership linking the Group to all suppliers. We distribute the Guidelines in seven different languages so thatoverseas suppliers can also understand them. By ensuring that all parties in global supply chains are fully aware of the
Guidelines, we work to raise suppliers' awareness regarding the importance of responses to CSR issues in supply
chains (such as human rights issues of workers).The key goal is to reduce business risks capable of negatively
impacting improvements in mutual performance and sustainability, with supplier briefings held to raise awareness ofthe 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 the consent of suppliers to cooperatewith the content of these guidelines. When commencing transactions with new suppliers, we select suppliers thatconsent to the Guidelines and conclude contracts that include provisions on compliance with social standards(environmental preservation, compliance, respect for human rights, fair trade, exclusion of antisocial forces, and so on).
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 greaterawareness of the importance of preventing 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 tooccupational accidents and diseases
Reduction of physically heavy work, safety measures for appropriate machinery, andHealth and Safety
provision of 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,
and notifications
Appropriate management of hazardous substances, waste, atmospheric emissions, andEnvironment
water
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- 87 -

Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2023 (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 theircompliance with the requirements in the Responsible Procurement Guidelines. In this survey, suppliers evaluate theirown 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 incollaboration with our suppliers to resolve the CSR issues in the supply chain in order to strengthen our businessfoundation.
Overview of supplier CSR survey items (fiscal 2022)
Classification
Number of questions
Example question items
Forcedlabor,
childlabor,
working hours, wages, inhumane behavior,
Labor
12
discrimination, etc.
Occupational safety management, preparedness for emergency
Health and Safety
10
situations, industrial health, physically heavy work, machinery andequipment, etc.
Environmental permits, pollution control, hazardous substances、
Environment
6
waste, atmospheric emissions, wastewater, etc.
Legal compliance, bribery, intellectual property, unfair trade, internal
Corporate Ethics
7
whistleblower systems, information security, etc.
Product Safety
1
Ensuring product safety
Total
36
Results of the supplier CSR survey (fiscal 2022)
Suppliers of domestic Suppliers of overseas
Items
business sites
business sites
Number of companies surveyed
220
162
Number of companies targeted for20
14
improvement- 88 -

Total
382
34

Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2023 (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
5. Encouraging the Use of Recycled Resources

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, the GS Yuasa Group provides guidance on quality reflecting the needs of our suppliers as well as health andsafety patrols, if required. In programs that raise quality, we share with suppliers the target values and the results ofquality defect analysis of products supplied to the Group and work to improve the quality of these items along withthem. In addition, we support quality improvement activities of suppliers 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 theGroup, and are committed to working with our suppliers to adopt measures based on safety-first. Health and safety
patrols that perform safety inspections at suppliers plants point out potential hazards and propose measures tomitigate those hazards depending on the scale of the risks. We provide support for suppliers to identify workplacerisks that pose hazards to workers and take appropriate action including monitoring of hazards and formulation ofsafe working procedures. Since fiscal 2019, we have been holding experience-based 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 toensure the quality of products used by customers as well as the health and safety of our suppliers.

Experience-based training- 89 -

Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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

For 2. above, we ask our suppliers to examine substances using Chemical Substance Management Guidelines, which
comply with international 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 andauditing the status of their response. When selecting new suppliers, we apply supplier selection criteria relating toenvironmental management. In fiscal 2021, all suppliers that entered into new agreements satisfied those criteria.
Further, for existing suppliers, we employ a supplier survey process related to responsible procurement to confirm thestatus of their response to environmental conservation.
By prioritizing trade with those suppliers that supply goods that conform to green procurement standards, we are
reducing the environmental 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 the extraction, transport, and trading of minerals used in our products is crucial in the global mineral supply
chain. In our promotion of responsible mineral procurement, we have established a policy that sets out our basic
approach to responsible mineral procurement based on the OECD Due Diligence Guidance for Responsible Supply
Chains of Minerals from Conflict-Affected and High-Risk Areas, an international framework for ensuring the
responsible procurement of minerals throughout the supply chain. We also further efforts to ensure transparency inthe mineral procurement process making active use of the practical guidance developed by the RMI,*1 an international
initiative to promote responsible mineral procurement, and use RMI survey form templates (CMRT*2 and EMRT*3) ingaining an understanding of procurement risks in the minerals supply chain. The GS Yuasa Group are engaging withrisk management in mineral procurement based on our Responsible Mineral Procurement Policy to ensure that we cancollaborate with suppliers and various other stakeholders to undertake activities without being complicit in armed
conflict or human rights abuses.
*1 RMI：Responsible Minerals Initiative*2 CMRT：Conflict Minerals Reporting Template*3 EMRT：Extended Minerals Reporting Template- 90 -

Ensuring Social Responsibility within Our Supply Chain

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

GS YUASA Responsible Mineral Procurement Policy

GS YUASA shall, recognizing the risks of significant adverse impacts which may arise in the supply chain of theminerals used in the products, parts, and materials handled by our company, promote responsible mineralprocurement while respecting the internationally recognized framework through the following initiatives, tofulfill the responsibilities to respect human rights and avoid contributing to conflicts.

1. GS YUASA will investigate whether its group companies or their suppliers procure or use theminerals 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 used minerals that have a high risk of contributing to human rights violations or armed
conflicts, work on activities to avoid the procurement or use of such minerals, in collaboration withrelated 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 ourmeasures for achieving CO2 emissions and water consumption reduction targets (down by 1% or more compared withthe 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 and water throughout the entire supply chain.

5. Encouraging the Use of Recycled Resources

The GS Yuasa Group procures recycled resources using a system that recycles our own used products. To encourage
the use of recycled resources, we participate in the Lead Acid Storage Battery Recycle Association, an industry groupthat promotes the cyclic use of automotive lead-acid batteries, and appropriately conduct stable recycling of usedproducts throughout the supply chain in collaboration with other companies in the industry.
By encouraging recycling of our used products, the Group is contributing to the development of a recycling-oriented
society and ensuring stable procurement of key materials.

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Sustainability Activities of GS Yuasa Corporation in 2023 (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 andGovernance. 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 ofgreenhouse gases, management of chemical substances, response to human rights issues, employees' work-lifebalance, compliance, and independence of outside directors, etc.).

MSCI Japan Empowering Women Index（WIN）
This index was developed by Morgan Stanley Capital International (MSCI). For theindex, companies with excellence gender diversity in each category of businesshave 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, amajor 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 comprisedof Japanese companies recognized for their outstanding 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.

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External Evaluation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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 ofESG. This index has also been adopted for ESG investment management by theGovernment Pension Investment Fund (GPIF), which manages and invests pension
funds in Japan.

S&P/JPX Carbon Efficient Index
The Company has been included in the S&P/JPX Carbon Efficient Index, a stockindex jointly developed by the S&P Dow Jones Indices and the Tokyo Stock
Exchange. This index consists of companies meeting certain criteria on disclosureof 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.

Morningstar Japan ex-REIT Gender Diversity Tilt Index
The Company has been selected for inclusion in the Morningstar Japan ex-REIT Gender Diversity Tilt Index, astock price index based on assessments by Morningstar of companies regarding gender diversity. This is one of
the indexes employed in ESG investments, and is managed by the Government Pension Investment Fund (GPIF),
which operates and administers Japan's national pension insurance funds.

Sustainalytics ESG Risk Ratings
The Company has been assessed as Low Risk (having a low level of financiallymaterial ESG risk) in the Sustainalytics ESG Risk Ratings, which is an assessment
which Sustainalytics uses to assign an ESG risk rating to companies for provision to
institutional investors. This assessment measures factors including themanagement status of companies regarding the material ESG risks to which they
are exposed.

*The inclusion of GS Yuasa Corporation in any MSCI Index, and the use of MSCI logos, trademarks, service marks, or

index names herein, do not constitute support, endorsement, or promotion of GS Yuasa Corporation by MSCI or anyof its affiliates. The MSCI Indexes are the exclusive property of MSCI. The MSCI Index names and logos aretrademarks or service marks of MSCI and / or its affiliates.
*FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that GS Yuasa
Corporation has been independently assessed according to the index criteria, and has satisfied the requirements tobecome a constituent of the FTSE4Good Index Series, FTSE Blossom Japan Index and FTSE Blossom Japan Sector
Relative Index. Created by the global index provider FTSE Russell, the FTSE4Good Index Series and FTSE Blossom
Japan Index Series are designed to measure the performance of companies and Japanese companies demonstratingstrong Environmental, Social, and Governance (ESG) practices. The FTSE4Good Index Series, FTSE Blossom Japan
Index and FTSE Blossom Japan Sector Relative Index are used by a wide variety of market participants to create andassess responsible investment funds and other products.
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External Evaluation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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 humanresources
AAA

Corporate governanceAA

Environment
AAA

Sociability
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 andResponsible 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 theiremployees' health have been evaluated/selected, and the terms and conditions ofloan are set up according to the evaluation.
The Company received the highest rank "particularly excellent in terms of initiatives
for employees' health".

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 the environmental strategies of leading
companies around the world in response to the needs of institutional investors. The
Company has received an A- in its assessment scores 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-).
- 94 -

External Evaluation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Third-Party Assurance
Greenhouse gas emissions
The Company requested third-party verification in order to secure the credibility of our greenhouse gas emission datathat is disclosed on the CSR web content, and received the results of verification, saying "there is no item indicatingthat it has not reported material points about the GS Yuasa Group's greenhouse gas emissions (Scopes 1 ,2 and 3) in
FY 2022".
Statement on third-party verification by SGS Japan Inc. (FY 2022)(https://www.gs-yuasa.com/en/csr/pdf/SGS_230816e.pdf)- 95 -

External Evaluation

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

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

Period covered
We disclose information centering on sustainability activities in fiscal 2022 (April 1, 2022 to March 31, 2023).
In order to report the GS Yuasa Group's latest sustainability activities, we disclose information on activities after fiscal
2022 whenever appropriate.
With respect to some performance data, we disclose information before fiscal 2022 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 incharge of the specific 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 112 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 (https://www.gs-yuasa.com/en/contact/gyc/)

Final update
September 29, 2023
- 96 -

Editorial Policy

Sustainability Activities of GS Yuasa Corporation in 2023 (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 Plan
(FY2023)

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

98

Materiality and Response Plan

P12

2

Response to
Climate Change(TCFD)

Climate-related based on TCFD
framework Information

102

Appropriate Environmental
Information Disclosure

P63

3

Contribution to
Achieving SDGs
Through Materiality
Response

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

106

Contribution to the SDGs throughOur Business Activities

P81

4

Contributing to the
SDGs throughProducts andServices

Information Indicating the Relationships
between Group Products/Services andthe SDGs

109

Contribution to the SDGs throughOur Business Activities

P81

GRI Content Index

Information indicating disclosure statusin accordance with the Global Reporting
Initiative Standard, an internationalguideline for corporate sustainability
reporting112

Editorial Policy

P96

5- 97 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)Materiality Response Plans (FY 2023)
Final target(FY 2025)

FY 2023 targets
Materiality

Activity outline

Scope ofapplication

KPI

TargetValue/
Reference
Value

FY 2022 results
TargetValue/
Reference
Value

KPI

Cate
gory
KPI

Remarks

TargetValue/
Reference
Value

ResultNumber of times complianceeducation information
disseminated annually

16 times

Number of times complianceeducation information
disseminated annually

16 times

Maint
ain

Number of times complianceeducation information
disseminated annually

16 times

16 times

Number of significant complianceviolations

None

Number of significant complianceviolations

None

Maint
ain

Number of significant complianceviolations

None

None

Achievement ratio of compliancetraining plan

100%

Achievement ratio of compliancetraining plan

100%

Maint
ain

Achievement ratio of compliancetraining plan

100%

100%

Achievement ratio of significant
compliance violation risk
response plan

100%

Achievement ratio of significant
compliance violation risk
response plan

100%

Maint
ain

Achievement ratio of significant
compliance violation risk
response plan

100%

100%

Achievement ratio of patentacquisition plans that contribute to
the expansion of business

100%

Impro
ve

Achievement ratio of patentacquisition plans in the ASEAN
region and China

100%

100%

Domestic

Thoroughly
fulfilling our CSR
and ensuring
compliance

Provision of legal informationand promotion of compliancetraining⚫ Fostered an ethical corporate culture byimplementing compliance management⚫ Maintained stakeholder confidence by
preventing the occurrence of compliance risks

Overseas

Respect andprotection for
intellectual
property

Strict managementof confidential
information⚫ Reviewed plan details for FY 2023 and later⚫ Promotion of high value-added technologicalinnovations⚫ Secured opportunities to obtain appropriatecompensation⚫ Provided high-quality, reliable products to
consumers

Promotion of the use ofcompany intellectual
property rights

GlobalAchievement ratio of patentacquisition plans that contributeto the expansion of business

100%

Elimination of infringing
products

Overseas

Number of investigations into
infringing product manufacturing
routes2

Number of orders to ceasemanufacturing against
manufacturers of infringing
products

2

Impro
ve

Achievement ratio of response
plan to intellectual property
infringement (imitation products)

100%

100%

GlobalCyberattack response ratio attime of detecting high security
alerts100%

Cyberattack response ratio attime of detecting high security
alerts

100%

Maint
ain

Cyberattack response ratio attime of detecting high security
alerts100%

100%

Domestic

Information leak confirmation andresponse ratio at time of large
data output

100%

Information leak confirmation andresponse ratio at time of large
data output

100%

Maint
ain

Information leak confirmation andresponse ratio at time of large
data output

100%

100%

Domestic

Ratio of employees passing
information security proficiency
test

95%
or moreRatio of employees passing
information security proficiency
test

95%
or moreMaint
ain

Ratio of employees passing
information security proficiency
test

95%
or more96%

Domestic

Achievement ratio of humanrights training plan

100%

Achievement ratio of humanrights training plan

100%

Maint
ain

Achievement ratio of humanrights training plan

100%

100%

Created a corporate culture of respecting humanrights and eliminating discrimination andharassment

Overseas

Achievement ratio of harassment
education plan

100%

Achievement ratio of harassment
education plan

100%

Impro
ve

Achievement ratio of harassment
education plan

100%

68%

A review of educational plan management
methods is needed as the educational planachievement ratio for employees who will bestationed overseas is low

Domestic

Harassment incident response
ratio

100%

Harassment incident response
ratio

100%

Maint
ain

---

---

---

Established a new maintenance andmanagement plan in FY 2023 and later

---

---

Introduction ratio of harassment
whistleblower system

100%

100%

Promotion of security
measures and strengtheningof illegal /inappropriate
access monitoring

Promotion of information
security training

Promotion of human rights
education

Respect forindividuality⚫ Prevented unauthorized use and theft ofconfidential information by implementing
appropriate security measures and access
control⚫ Maintained dominance over andcompetitiveness against competitors byprotecting the Company’s confidential
information⚫ Maintained stakeholder confidence by strictly
managing confidential information provided
by customers and business partners

Thorough management of
human rights risks
Overseas

---

---

---

- 98 -

Achieved the final target in FY 2022

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)Materiality Response Plans (FY 2023)
Final target(FY 2025)

FY 2023 targets
Materiality

Activity outline

Scope ofapplication

Human resources
development

Enhancement ofwork
environments andoccupational
health and safety

Promotion of humanresource development
programs

Promotion of the thoroughmanagement of employees'
working hours andprevention of the recurrenceof long working hours

Promotion of a work-lifebalance

KPI

Cate
gory

Remarks

KPI

TargetValue/
Reference
Value

Result100%

Achievement ratio of foreign
national employment risk
response plan

100%

Impro
ve

---

---

---

Ratio of women in management
positions

4.0%
or moreRatio of women in management
positions

6.0%
or moreImpro
ve

Ratio of women in management
positions

4.0%
or more3.9%

It is important to continuously provide
opportunities for effectively promoting careeradvancement by female employees

Ratio of women among new
graduates recruited for careertrack positions

30%
or moreRatio of women among new
graduates recruited for careertrack positions

30%
or more

Impro
ve､
Maint
ain

Ratio of women among new
graduates recruited for careertrack positions

30%
or more21%

It is important to continuously conduct effective
outreach for female jobseekers and expand
workplaces where women can play active roles(FY 2023: improvement plan, FY 2024 and later:
maintenance and management plan)

Ratio of female workers

15%
or moreRatio of female workers

17%
or more

Impro
ve

---

---

---

Established a new improvement plan in FY 2023
and later

Achievement ratio of training planfor female senior managers

100%

Achievement ratio of training planfor female senior managers

100%

Maint
ain

---

---

---

Established a new maintenance andmanagement plan in FY 2023 and later

Employment ratio of persons withdisabilities

2.65%
or moreEmployment ratio of persons withdisabilities

2.67%
or moreImpro
ve

Employment ratio of persons withdisabilities

2.65%
or more2.59%

The statutory employment ratio is satisfied, but it
is important to continuously implement
measures to enhance opportunities for use ofdiverse skills

Achievement ratio of training planfor development of autonomousminded human resources

100%

Achievement ratio of training planfor development of autonomousminded human resources

100%

Maint
ain

Achievement ratio of training planfor development of autonomousminded human resources

100%

100%

Improved productivity in conjunction withreinforcement of employee problem-solving skills

Achievement ratio of nextgeneration manager education
plan

100%

Achievement ratio of nextgeneration manager education
plan

100%

Maint
ain

Achievement ratio of global
human resources education plan

100%

100%

⚫ Reviewed plan details for FY 2023 and later⚫ Secured leadership for achieving sustainablegrowthResponse ratio to prevent therecurrence of long working hours

100%

Response ratio to prevent therecurrence of long working hours

100%

Maint
ain

Response ratio to prevent therecurrence of long working hours

100%

100%

Annual frequency of labormanagement consultations
relating to working hours

12 times

Annual frequency of labormanagement consultations
relating to working hours

12 times

Maint
ain

Annual frequency of labormanagement consultations
relating to working hours

12 times

12 times

Operational achievement ratio ofstandard for number of days of
paid leave taken annually100%

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

100%

Impro
ve

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

100%

99.7%

Raising the rate of paid leave taken bymanagers is an issue

Overseas

Achievement ratio of overtime
work reduction target

100%

Achievement ratio of overtime
work reduction target

100%

Impro
ve

Achievement ratio of working
hours management standards

100%

45%

It is important to continuously implement
measures for enhancing the health and quality oflife of employees

Domestic

Job turnover of full-time
employee

2.3％
or less

Job turnover of full-time
employee

2.3％
or less

Maint
ain

---

---

Established a new maintenance andmanagement plan for FY 2023 and later

Domestic

Respect for
Diversity

Promotion of theemployment of persons withdisabilities

TargetValue/
Reference
Value

Achievement ratio of foreign
national employment risk
response plan

GlobalWomen’s empowerment

KPI

TargetValue/
Reference
Value

FY 2022 results

Domestic

Established a new improvement plan in FY 2023
and later

Domestic

Domestic- 99 ----

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)Materiality Response Plans (FY 2023)
Final target(FY 2025)

FY 2023 targets
Materiality

Activity outline

Scope ofapplication

FY 2022 results

KPI

TargetValue/
Reference
Value

KPI

TargetValue/
Reference
Value

Cate
gory

Remarks

KPI

TargetValue/
Reference
Value

ResultThorough implementation of
appropriate employment
management

Domestic

Number of corrective recommendations
from the Labor Standards Inspection
Office based on spot inspections

None

Number of corrective recommendations
from the Labor Standards Inspection
Office based on spot inspections

None

Maint
ain

---

---

---

Established a new maintenance andmanagement plan for FY 2023 and later

Promotion of healthmanagement

Domestic

Rate of high stress individuals

10％or less

Rate of high stress individuals

10％or less

Maint
ain

---

---

---

Established a new maintenance andmanagement plan for FY 2023 and later

Number of serious occupational
accidents

None

Number of serious occupational
accidents

None

Maint
ain

Number of serious occupational
accidents

None

None

Number of workers not meetinginternal blood lead concentration
management standards

None

Number of workers not meetinginternal blood lead concentration
management standards

None

Impro
ve

Number of workers not meetinginternal blood lead concentration
management standards

None

285

Overseas

Number of accidents resulting inmissed work4
or less

Number of accidents resulting inmissed work2or less

Impro
ve

Missed work frequency ratio

0.3
or less

0.6

Domestic

Number of accidents resulting inmissed work44
or less

Number of accidents resulting inmissed work39
or less

Impro
ve

Missed work frequency ratio

1.8
or less

1.8

GlobalAchievement ratio of targets forclaims and in-process defects

100%

Achievement ratio of targets forclaims and in-process defects

100%

Impro
ve

Achievement ratio of targets forclaims and in-process defects

100%

69%

It is important to take corrective action addressing
the causes of non-achievement of targets and tocontinuously improve measures for controlling
losses that occur in conjunction with quality defects

Number of serious productaccidents

None

Number of serious productaccidents

None

Maint
ain

Number of serious productaccidents

None

None

Implemented measures to ensure customer
safetyAchievement ratio of product safetyrelated incident reduction target

100%

Achievement ratio of product safetyrelated incident reduction target

100%

Impro
ve

---

---

---

Established a new improvement plan for FY
2023 and later

Achievement ratio of productsafety education plan

100%

Achievement ratio of productsafety education plan

100%

Maint
ain

---

---

---

Established a new maintenance andmanagement plan for FY 2023 and later

GlobalPromotion of occupational
health and safety risk
management

Promotion of quality
improvement and strengtheningof quality communication

Provision of highquality products

Reinforcement of productsafety management

Global⚫ There were no serious occupational accidents, butthere were many workers who exceeded internal
blood lead concentration management standards
as a result of setting much stricter voluntary
management reference values in FY 2022
⚫ It is necessary to implement priority
improvement measures at sites with many
workers whose internal blood leadconcentrations exceed management standards⚫ There were no serious occupational
accidents, but it is important to continuously
implement measures to reduce the risk ofoccupational accidents⚫ Reviewed the details of plans for FY 2023
and later

Reinforcement of service
provision

Domestic

Achievement ratio of service
promotion project plan

100%

Achievement ratio of service
promotion project plan

100%

Impro
ve

Achievement ratio of operational
management standards for productmaintenance service systems

100%

100%

Achieved the final target FY 2022, andconsequently, reviewed the plan details for FY
2023 and later

Promotion of effective use ofwater resources

GlobalRatio of reduction of water use(compared with FY 2018)

13.0%
or moreRatio of reduction of water use(compared with FY 2018)

15.0%
or moreImpro
ve

Ratio of reduction of water use(compared with FY 2018)

8.0%
or more15.6%

Promoted water conservation and recycling
water

Contribution to realization of
low-carbon society

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

9.0%
or moreRatio of reduction of CO2
emissions (compared with FY
2018)

15.0%
or moreImpro
ve

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

6.0%
or more14.8%

Implemented energy-saving measures andpromoted use of renewable energy

Promotingenvironmental
protection- 100 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)Materiality Response Plans (FY 2023)
Final target(FY 2025)

FY 2023 targets
Materiality

Developing andpopularizing
environmentallyconsidered products

Activity outline

Scope ofapplication

KPI

TargetValue/
Reference
Value

KPI

None

Number of major environmental
accidents

FY 2022 results
TargetValue/
Reference
Value

Cate
gory
KPI

TargetValue/
Reference
Value

Remarks

Result

None

Maint
ain

Number of major environmental
accidents

None

None

Promoted environmental risk management using
voluntary management standards that arestricter than those set in environmental laws andregulations

Ratio of recycled lead used aslead raw materials in lead-acidbatteries

70％
or moreImpro
ve

Ratio of recycled lead used aslead raw materials in lead-acidbatteries

35％
or more53%

Provided products that curtail use of natural
resources and the generation of waste

39%
or moreRatio of environmentallyconsidered products in total salesof all products

45%
or moreImpro
ve

Ratio of environmentallyconsidered products in total salesof all products

35%
or more36%

Provided products and services that fulfill
stakeholder needs relating to a decarbonizedsociety

Achievement ratio of responsible
mineral survey plan

100%

Achievement ratio of responsible
mineral survey plan

100%

Maint
ain

Achievement ratio of responsible
mineral survey plan

100%

100%

It is important to continuously procure minerals
that are not complicit in armed conflict or humanrights violations

Achievement ratio of supplier
CSR issues improvement plan

100%

Achievement ratio of supplier
CSR issues improvement plan

100%

Maint
ain

Achievement ratio of supplier
CSR issues improvement plan

100%

100%

Conducted a supplier survey on the status of
CSR responses by suppliers and took measures
to improve CSR issues

Prevention of environmental
pollution

GlobalNumber of major environmental
accidents

Improvement in ratio of useof recycled materials in
products provided to markets

GlobalRatio of recycled lead used aslead raw materials in lead-acidbatteries

65％
or moreExpansion of market for GS
Yuasa products contained in
products contributing to the
curbing of global warming

GlobalRatio of environmentallyconsidered products in total salesof all products

Responses to responsible
mineral procurement

GlobalManagement of supply chain
CSR risks

GlobalResponsible
procurement
promotion※ The scope of application may not cover all Group companies.
※ This plan is periodically reviewed, and as a result, there may be differences from the details of the plan disclosed last time.
※ Items in the “Improve” category indicate improvement plans with set targets (indicators and target values).
※ Items in the “Maintain” category indicate maintenance and management plans with set operational management standards (indicators and reference values).

- 101 -

Reference Data

3

ESG｜Environment

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Response to Climate Change (TCFD)
The GS Yuasa Group recognizes that climate-related issues are one of our importantmanagement issues. In December 2019 we announced our support for therecommendations of the Task Force on Climate-related Financial Disclosures (TCFD), andwe are working on climate-related information disclosure based on the TCFD framework.
In fiscal 2021, we launched a project to examine climate-related risks and opportunities
in accordance with the TCFD framework. The major scenarios adopted for our analysis ofrisks and opportunities were 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 2040 and fiscal 2050) time axes.
In fiscal 2023 we disclosed quantitative financial impact assessments for each businessfor some climate-related risks and opportunities.

FY2019FY2020

FY2021

FY2022

FY2023

Endorsement of TCFD
recommendations

Start of considerations for ananalysis of scenario-based risks
and opportunities

Launch of project

Disclosure of “governance,”“strategy” based on the 1.5°c and3°c scenarios, “risk management,”
and “metrics and targets” inaccordance with the TCFD framework

Disclosure of quantitative
financial and operatingassessment for someclimate-related risks andopportunities

Governance
GS Yuasa International Ltd., our core operating company, plans and implements responses to climate change in the Group. The
company’s Board of Directors supervises the entire Group, receiving regular progress reports from GS Yuasa International Ltd. andproviding guidance as necessary.
Policies, targets, and important topics related to the environment are formulated and deliberated upon by the Sustainability
Promotion Committee* and reported to the Management Meeting and the Executive Conference, which is headed by the president.
● Examples of past reports and agenda items related toclimate change (FY2019–2022)● Governance Structures Relating to Climate Issues

Board of Directors＜Engages in deliberation anddiscussion at least once every
three months＞
Approves proposed responses toenvironmental issues (including climatechange), receives status reports, andmonitors and oversees progress

Management Meeting

Meeting entity＜Engages in deliberationand discussion several times
annually＞● Formulation of the Fundamental Environmental

PolicyDiscusses proposed responses toenvironmental issues (including
climate change)

Board ofDirectors

Directors and auditors

Executive Conference● Establishment of the GY 2030 Long-Term

Greenhouse Gas Targets● Disclosure of business strategies based on the TCFD
● Renewable energy procurement policy

Directors and auditors＜Meets once every six months＞

Topics reported and discussed● Setting of carbon neutrality targets

Sustainability Promotion
Committee*1● Endorsement of TCFD recommendations andManagement
Meeting,
Executive
Conference,
Sustainability
Promotion
Committee*1＜Meets once every two months＞

Receives reports on proposed
responses to environmental issues(including climate change) andmanages the progress of responses

Formulates and discusses proposed
responses to environmental issues(including climate change) andmanages the progress of responses

President, director in charge of theenvironment , and relevant directors

Director in charge of sustainability
promotion, sustainability promotion
managers of each division and eachbusiness officemembership of the TCFD Consortium● Launch of the Energy Saving and Renewable

Energy Project to reduce CO2 emissions● Progress report on the Energy Saving andRenewable Energy Project● Introduction of internal carbon pricing (ICP)● Introduction of in-house solar power generation● Formulation of environmental targets in the Sixth

Mid-Term Management Plan

*1 The CSR Committee was reorganized as the Sustainability Promotion Committee in FY2023.

Risk Management
Risks and opportunities are identified and evaluatedthrough the process described below. Identified risks andopportunities, and the responses to them, are managed
under our governance structures including the
Sustainability Promotion Committee.
In fiscal 2021, each business division and management
division established a project team to conductcompanywide analysis of scenarios and examine
countermeasures.

61

GS YUASA Report 2023

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 criteriaof significant risks and opportunities for which the degree of3 Identification
impact is particularly large and investigation of responsive measures- 102 -

Reference Data

Sustainability Activities of GS Yuasa Corporationin 2023 (Web version)
2 Management
1 Vision 2035
(Long-Term Vision)

Strategies/
4 Financial
Corporate Data

3 ESG

Strategy
Assumed Conditions / Main Scenarios● Main Scenarios Used in Scenario Analysis*2
Temperature
increase

Main scenarios used

Overview

IEA*3 Net Zero Emissions by 2050 Scenario (NZE)

A scenario indicating what the world (policies, technologies, markets, etc.) needs to look like in order toachieve net zero global greenhouse gas (GHG) emissions by 2050 (assumed through a backcasting method)

IPCC*4 RCP*5 2.6 Scenario and SSP*6 1-2.6 Scenario

RCP2.6: A scenario that assumes future temperature rise to be limited to less than 2°C
used in the IPCC Fifth Assessment Report
SSP1-2.6: A scenario for the introduction of climate policies to limit future temperature increases toless than 2°C under sustainable development used in the IPCC Sixth Assessment Report

IEA Stated Policies Scenario (STEPS)

A scenario based on energy and climate policies previously implemented and individual
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°C

*2 Scenario analysis uses the scenarios of public agencies and may differ from actual future social conditions.
*4 Intergovernmental Panel on Climate Change *5 Representative Concentration Pathways*6 Shared Socioeconomic Pathways*3 International Energy Agency● Time Axis
Short term

Medium termLong term

End year

2025

2030

2050

Reason for
adoption

Periods of the Fifth (FY2019–FY2022)
and the Sixth (FY2023–FY2025)
Mid-Term Management Plans

Achievement period of the GY 2030
Long-Term Greenhouse Gas Targets
and SDGs

Achievement period of the GY 2050
Carbon Neutrality Target

Assumed social conditions based on scenario analysis● Social conditions under scenario
Operations

Social demand for emissions reduction
Carbon priceThrough 2025 (short term)

Through 2030 (medium term)

Through 2050 (long term)

–20%

–40%

–100%

$75 / t-CO2$130 / t-CO2

Expansion of automobile
electrification

Automotive
related businessChanges in
the automobile
marketStructural changes in theautomobile industry inconjunction with electrification

Number of vehicles (compared to present)
Number of vehicles (compared to present)
Sales: 1.3 times Ownership: 1.6 times
Ownership: 2.1 times
Percentage of EVs, PHEVs, and FCVs*7
Sales: 64%
Ownership: 20%

1.5°C scenario

Industrial
battery andpower supply
related businessChanges in energy-related
markets
Development of alternativetechnologies to replacelead-acid batteries
Raw materials

Percentage of EVs, PHEVs, and FCVs*7
Sales: 100%

Ownership: 86%

Motorcycles and three-wheel vehicles (global)
Percentage of EVs
Sales: 85%

Development of alternativetechnologies to replacelead-acid batteries$250 / t-CO2
Passenger cars (Global)

Ownership: 54%

Percentage of EVs
Sales: 100%

Ownership: 100%

In conjunction with increasing demand for batteries for applications relating to transportation and electric power,
prices will decline for alternative technologies, such as lithium-ion batteries, to take the place of lead-acidbatteries
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
In conjunction with increasing demand for batteries for applications relating to transportation and electric power,
prices will decline for alternative technologies, such as lithium-ion batteries, to take the place of lead-acid batteries
Demand for lithium, nickel, and other resources will increase rapidly as demand for lithium batteries increases foruse with energy storage technologies and renewable energy
Competition to sustainably secure raw materials will intensify

Supply chains
R&D

Acceleration of thecircular economy*8

Needs for products adapted to a recycling-oriented society will increase year-by-year

Emergence and spreadof alternativetechnologies toreplace lithium-ion batteries

3°C scenario

Operations

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 other regions

Storm and flood damage,storm surges

Sea levels will rise about
approximately 0.3 m
The frequency of intense storms
in the vicinity of Japan will
increase

Industrial battery
and power supply
related business

Storm and flood damage,storm surges

Expansion of business relating to disaster countermeasures*7 EV: Electric Vehicle; PHEV: Plug-in Hybrid Electric Vehicle; FCV: Fuel Cell Vehicle*8 An economic mechanism for the circulation of resources without waste. Positioned as a medium- to long-term economic growth policy, particularly in European countries.

- 103 -GS YUASA Reference
Report 2023
Data62

3

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

ESG｜Environment

Risks and Opportunities

Introduction of carbon tax and renewable energy
Risk

Operations

Risk
Risk

Increased costs for energy saving and renewableenergy 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

In the case of the 1.5°C scenario, targets for a major reduction of CO2 will be required andcarbon taxes will be introduced to achieve carbon neutrality. On the other hand, byimplementing CO2 reduction measures through the introduction of energy-saving equipment
and renewable energy, it will be possible to reduce the carbon tax burden to a certain extent.
Results of a scenario-based estimate of the financial impact indicated a risk that the introductionof a carbon tax will increase costs by about 3–4 billion yen over the medium to long term. By
thorough energy saving and the planned introduction of renewables, however, the cost increase
could be reduced to about 2 billion yen.

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 demand for starting batteries used in
Riskinternal combustion engine vehicles

Opportunity

Automotive
relatedbusiness

In conjunction with expansion of the market for EVs, PHEVs, and other such vehicles, demand
for starting batteries used in internal combustion engine vehicles is expected to decline, but
demand for batteries for auxiliary equipment is expected to increase. Also, the shift from acertain number of lead-acid batteries to lithium-ion batteries is expected to advance.
As a result of our estimate of the financial impact, based on the establishment of certain
conditions with reference to a scenario-based market, we concluded that while sales of starting
batteries will decline sharply, overall sales could increase by 35–55 billion yen over the medium
to long term due to a substantial increase in the demand for batteries for auxiliary machinery.

Batteries for HEVs*9 , PHEVs, and EVs
Opportunity

1.5°C scenario

Opportunity

Higher demand for batteries used in EVs and
PHEVs
Changes in demand for batteries usedin HEVs and PHEVs (higher demand overRisk
the short to medium term and declining
demand over the long term)

It is expected that over the short to medium term, sales of HEVs and PHEVs will increase, but inthe long term, as sales of EVs increase substantially and account for approximately 100% ofsales in 2050, the battery market will change.

Lead-acid batteries for backup applications and forklifts
Opportunity

Industrial
batteryandpowersupplyrelatedbusiness

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 technological innovation progresses, it is expected that prices for lithium-ion
batteries and other such products will fall and that a certain number of 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 of solar, wind, and otherrenewable energy generation, demand for batteries and peripheral systems and devices forelectricity load leveling and the like will increase.
As a result of our estimate of the financial impact, setting certain conditions with reference to a
scenario-based market, we concluded that sales could increase by 7–22 billion yen over the
medium to long term due to an expansion of the market for energy storage systems forrenewable energy in Japan.

Raw materials procurement and circular economy
Improvement in the superiority of recyclable
lead in a recycling-oriented society
Difficulty procuring and rising price for metal
resources
Difficulty sustainably procuring and rising price forsustainable raw materials

Opportunity
Risk

Supplychains R&D

Risk

Risks such as rising resource prices and difficult securing resources are expected over the short tomedium term. On the other hand, with the development of alternative technologies, it isexpected that tight supply and demand situations will be alleviated over the long term. It is also
expected that competition relating to sustainable procurement of raw materials will intensify interms of the environment and 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 the developmentof new technologies, business opportunities will arise.

Natural disasters and temperature rise
Risk

Operations

3°C scenario
Industrial
battery andpower supply
relatedbusiness

Increased damage to facilities due to storm andflooding disasters and increased loss of profit due tobusiness suspension

Risk

Business suspension due to damage to supply chains

Risk

Increased costs for air conditioning and cooling processes

There is a risk of greater impact due to increased storm and flooding damage, including property
damage to facilities and machinery at the company’s plants, loss of profits from businesssuspension, and the inability of workers to report to work. The interruption of supply chains is
also anticipated.
As a result of an examination of flood and storm surge risks based on future climate change
impacts using natural disaster simulations, five sites and subsidiaries (two in Japan and threeoverseas) were evaluated as high-risk. In the event of a 100-year disaster at the Kyoto Plant,
where the estimated scale of damage would be large, there could be a potential loss in sales of
9–13 billion yen over the medium to long term.

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.
*9 HEV: Hybrid Electric Vehicle

63

GS YUASA Report 2023

- 104 -

Reference Data

Sustainability Activities of GS Yuasa Corporationin 2023 (Web version)
2 Management
1 Vision 2035
(Long-Term Vision)

Strategies/
4 Financial
Corporate Data

3 ESG

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 anduse of renewable 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
products with 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 12V lead-acid or lithium-ion batteries for auxiliary
equipment used in electric vehicles as well (for new automobiles and for
replacement)

Capture demand for redundant batteries used inelectric vehicles

Automotive related
business

Capture demand for lithium-ion batteries used for backup of
self-driving vehicles

1.5°C scenario

Expand production of lithium-ion batteries for HEVs and
PHEVs
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 high recycling 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-freebatteries

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
Si anode batteries, Li metal anode batteries, and sulfur cathode batteries

3°C scenario

Operations

Countermeasures against intensifying disasters

Evaluate future risks including climate risks and 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● Sixth Mid-Term Management Plan (FY2023–2025)

CO2 emissions

Water consumption

15 %Reduce by at least

Percentage ofenvironmentally considered
products in total
sales of all products

30%(compared to FY2018)(compared to FY2018)

Ratio of recycled lead usedas lead raw materials in
lead-acid batteries

45 % or more

● Target for reduction of CO2 emissions (Scope 1 and 2)

2030
Reduce by at least

15 %Reduce by at least(compared to FY2018)

70 % or more

● Internal Carbon Pricing (ICP)2050

The price will be set at

Carbonneutrality¥8,600 / t-CO2

Use as reference information when making investment decisions
regarding energy-saving and renewable energy measures- 105 -GS YUASA Reference
Report 2023
Data64

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Contribution to Achieving SDGs Through Materiality Response (FY 2023)
Response Plans

Relevant SDGs

Materiality

Corresponding Social Issues
Activity outline

Respect andprotectionforintellectual
property

Respect forindividuality

Achievement ratio of patent acquisition plans that
contribute to the expansion of business

Promotion of high value-added
technological innovations

Elimination of infringing
products

Number of investigations into infringing productmanufacturing routes

Maintenance of a faircompetitive order

Promotion of humanrights education

1. Achievement ratio of human rights training plan
2. Achievement ratio of harassment education plan

Raising of awareness ofrespect for human rights

Harassment incident response ratio

Promotion of safe andsecure working environment

Achievement ratio of foreign national employment
risk response plan

Promotion of safe andsecure working environment

Improvement of the appropriateness of employment
management for migrant workers

8.8

Neg

Realization of rewarding
workplaces

Promotion of enhanced work motivation amongfemale employees

8.5

Pos

Participation of women indecision making

Ensuring of opportunities for women to train as
candidates for senior positions
Providing employment opportunities to persons who
have the will and ability to work are able to work

Thorough managementof human rights risks

Women’s empowerment

Enhancementof work
environments
andoccupational
health andsafetyKPI

Promotion of the use ofcompany intellectual
property rights

Respect for
Diversity

Human
resourcesdevelopment

1. Ratio of women in management positions
2. Ratio of women among new graduates recruitedfor career-track positions
3. Ratio of female workers
4. Achievement ratio of training plan for female
senior managers

8.2

Pos

Elimination of unlawful transactions involving
infringing products

16.4

4.7

Neg

Pos

16.3

5.5

Neg

Pos

Promotion of the employmentof persons with disabilities

Employment rate of persons with disabilities

Promotion of full employment

Promotion of humanresource development
programs

1. Achievement ratio of training plan for developmentof autonomous-minded human resources
2. Achievement ratio of next-generation manager education plan

Promotion of skill
development for young people

Promotion of the thoroughmanagement of employees'
working hours andprevention of the recurrenceof long working hours

1. Response ratio to prevent the recurrence of long 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
4. Achievement ratio of overtime work reduction target

Realization of rewarding
workplaces

Building of pleasant workplaces by ensuring safe andsecure working environments

8.5

Neg

Thorough implementationof appropriate employment
management

Number of corrective recommendations from the Labor
Standards Inspection Office based on spot inspections

Realization of rewarding
workplaces

Building of pleasant workplaces by ensuring safe andsecure working environments

8.5

Neg

Promotion of a work-lifebalance

Job turnover of full-time employee

Realization of rewarding
workplaces

Promotion of flexible work formats

8.5

Neg

Promotion of healthmanagement

Rate of high stress individuals

Realization of rewarding
workplaces

Maintenance and improvement of employee health

8.5

Neg

Number of workers not meeting internal blood leadconcentration management standards

Prevention of health damage

Prevention of deaths and illnesses due to exposure
to harmful substances

1. Number of serious occupational accidents
2. Number of accidents resulting in missed work

Promotion of safe andsecure working environment

Promotion ofoccupational health andsafety risk management

Improvement in energy
efficiency
Provision ofhigh-quality
products

Scopeof
impactSupplement

Promotion of quality
improvement andstrengthening of quality
communication

Achievement ratio of targets for claims and inprocess defects

Responses to natural
resource depletion

8.5

Pos

4.4

Pos

3.9

Neg

8.8
Reduction of needless energy consumption bycurbing the occurrence of defective products
Reduction of needless energy resource consumption
by curbing the occurrence of defective products
Reduction of needless material consumption bycurbing the occurrence of defective products- 106 -

Neg

7.3

Neg

9.4

Neg

12.2

Neg

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Contribution to Achieving SDGs Through Materiality Response (FY 2023)
Response Plans

Relevant SDGs

Materiality

Corresponding Social Issues
Activity outline

KPI
Reduction of needless waste by curbing theoccurrence of defective products

Achievement ratio of service promotion project plan

Creation of highly reliable
and robust infrastructure

Maintain public infrastructure by providing electric
power infrastructure support services

Promotion of effective
use of water resources

Ratio of reduction of water use (compared with FY
2018)

Elimination of water
shortage problems

Reduction of water intake through the promotion ofwater recycling

Improvement in energy
efficiency

Reduction of CO2 emissions through the efficientuse of fossil-fuel-derived energy

Improvement of resource
efficiency

Reduction of CO2 emissions through the efficientuse of fossil-fuel-derived energy

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

Promotion ofenvironmental
protection

12.5

Improvement in ratio ofuse of recycledmaterials in products
provided to markets

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

Number of major environmental accidents

Ratio of recycled lead used as lead raw materials in
lead-acid batteries

Percentage of environmentally considered products
in total sales of all products

Prevent adverse effects on
health and the environment

Pos

6.4

Neg

7.3

Neg

9.4

Neg

13.3

Control emissions in the atmosphere, water, and soil
by preventing environmental accidents

Reduction of natural
resource consumption

Reducing waste generation

Reduction of landfill disposal through the recycling ofwaste

Improvement in energy
efficiency

Reduction of CO2 emissions through the efficientuse of fossil-fuel-derived energy

Reduction of natural
resource consumption

Responsible
procurement
promotion

Management of supply
chain CSR risks

Neg

12.4

Neg

12.2

Pos

12.5

Pos

7.3

Pos

Reduction of CO2 emissions through the efficientuse of fossil-fuel-derived energy

9.4

Reduction of CO2 emissions through the efficientuse of fossil-fuel-derived energy

Pos

12.2

Pos

13.3

Climate change mitigation

Responses to
responsible mineralprocurement

Neg

9.1

Climate change mitigation

Prevention ofenvironmental pollution

Developing
andpopularizing
environmental
ly considered
products

Reduce waste generation
Reinforcement ofservice provision

Contribution torealization of lowcarbon society

Scope
of
impactSupplement

Pos

Abolition of forced labor andchild labor

Avoidance of the procurement of minerals
supporting human rights violations by armed groups

Reduction of deaths due toviolence

Avoidance of the procurement of minerals
supporting human rights violations by armed groups

16.1

Neg

Eradication of all forms of violence
and torture against children

Avoidance of the procurement of minerals
supporting human rights violations by armed groups

16.2

Neg

Eradication of bribery

Avoidance of the procurement of minerals involving
the payment of bribes or commission to armed groups

16.5

Neg

8.7

Neg

Achievement ratio of responsible mineral survey plan

Achievement ratio of supplier CSR issues
improvement plan

Realization of sustainablesupply chain

12.7

Neg

※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.

- 107 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Contribution to Achieving SDGs Through Materiality Response (FY 2023)◼ 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

8.2

Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors

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

9.1

Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable andequitable access for all

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

12.2

By 2030, achieve the sustainable management and efficient use of natural resources

12.4

By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their releaseto air, water and soil in order to minimize their adverse impacts on human health and the environment

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

16.4

By 2030, significantly reduce illicit financial and arms flows, strengthen the recovery and return of stolen assets and combat all forms of organized crime

16.5

Substantially reduce corruption and bribery in all their forms

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 FOR
ALL

Content

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 INNOVATIONENSURE 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- 108 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (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- 109 -

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 2023 (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

Disaster Prevention
Rechargeable LED Solar
LightsReduction of electricity consumption through theuse of highly energy-efficient lighting equipment- 110 -

Improvement inresource efficiency

8.4

Reducing waste
generation
Improvement inenergy efficiency

12.5

7.3

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

Contributing to the SDGs through products and services (GS Yuasa Corporation)
Relevant SDGs
Business

Products and Services

Contributing to a sustainable society

Realization of energy infrastructure capable ofresponding at times when power supplies are
disrupted due to natural disasters caused byclimate change (flooding, earthquake, etc.)

Lithium-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

Corresponding
Social Issues

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- 111 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)

GRI Content Index
GRI Content Index
On this CSR website, we have referenced that the GRI (Global Reporting Initiative) standards 2016, an internationalguideline for companies' sustainability reports.
GRI Standards

2-3
2-4

Disclosure Title
General Disclosures
Organizational details
Entities included in theorganization's sustainability
reporting
Reporting period, frequency andcontact point
Restatements of information

2-5

External assurance

2-6
2-7
2-8

Activities, value chain and otherbusiness relationships
Employees
Workers who are not employees

2-1

2-2
The organizationand its reporting
practices

Activities andworkers

2-9

2

2-10
Governance

2-11
2-12
2-13
2-14
2-15

References

Corporate Profile
Stock Data
Investors' Guide (PDF)
GS Yuasa's Offices & Group Companies
Editorial Policy [ Period covered, Final update,Inquiries ]Editorial Policy [ Material changes ]Appropriate Environmental Information
Disclosure(GS Yuasa Corporation has not obtained thirdparty assurance for the report as a whole, but
obtained only for Greenhouse gas emission
data.)
Investors' Guide (PDF)
News Release
Provision of Comfortable Working
Environment [ Basic policy ]Corporate Governance [ Approach andGovernance System ]Corporate Governance [ CORPORATE
GOVERNANCE Report(PDF) > Matters Relating
Governance structure andto Organizational Structure and Operation /composition
Matters Relating to Business Execution,
Auditing/Oversight, Nomination, andRemuneration Decision-Making Functions ]Corporate Governance [ CORPORATE
GOVERNANCE Report(PDF) > Policies andfor the appointment and dismissal
Nomination and selection of the proceduresof senior management and nomination ofhighest governance body
director and auditor candidates / Principle 4.9:
Independent outside director independence
standards and qualities ]Governance [ CORPORATE
Chair of the highest governance Corporate
GOVERNANCE Report(PDF) > Matters Relatingbody
to Organizational Structure and Operation ]Role of the highest governancebody in overseeing the
Sustainability Promotion Process
management of impacts
Delegation of responsibility for Sustainability Promotion Process
managing impacts
Role of the highest governance Sustainability Promotion Process
body in sustainability reporting
Corporate Governance [ CORPORATE
GOVERNANCE Report(PDF) > Principle 1.7:
Conflicts of interest
Related party transactions / Principle 1.4:
Cross-shareholdings / Matters Relating toOrganizational Structure and Operation ]- 112 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)GRI Standards
2-16

2-17
2-18
2-19

Disclosure Title
General Disclosures
Communication of criticalconcerns
Collective knowledge of thehighest governance body
Evaluation of the performance ofthe highest governance body
Remuneration policies

to determine
2-20 Process
remuneration

2-21
2-22
2-23

Strategy, policies
and practices

Stakeholder
engagement
3

Material topics

Economic

Annual total compensation ratio
Statement on sustainable
development strategy
Policy commitments

References

Corporate Governance [ Approach andGovernance System ]Corporate Governance [Corporate
Governance Report(PDF) > Supplementary
Principle 4.14.2: Training of directors andauditors]
Evaluating the effectiveness of the Board of
Directors
Determination process and composition of
remuneration
Corporate Governance [Corporate
Governance Report(PDF) > Disclosed Detailsof Policy for Determining Amount or
Calculation Method of Compensation / Statusof Establishment of Non-Statutory Committee,
Composition of Members, Affiliations of Headof Committee ]President's Message
CSR Policy and Code of Conduct
Sustainability Promotion Process
Sustainability Promotion Framework
2-24 Embedding policy commitments Sustainability Promotion Process
Promotion of Responsible Procurement
to remediate negative GS Yuasa Group Corporate Ethics Hotline
2-25 Processes
impacts
Measures to Prevent Harassment
MechanismsforseekingadviceGS Yuasa Group Corporate Ethics Hotline
2-26 and raising concernswith laws andNo serious compliance violations have
2-27 Complianceregulations
occurred
UN Global Compact
Keidanren Charter of Corporate Behavior
2-28 Membership associations
Task Force on Climate-related Financial
Disclosures
Approachtostakeholder
Communication with stakeholders
2-29 engagement
a Pleasant Workplace through Labor
2-30 Collective bargaining agreements Creatingand Management Working as One
to determine material
3-1 Process
Materiality Specification Process
topics
3-2 List of material topics
Materiality and Response Plan
3-3 Management of material topics Materiality and Response Plan
103 Management Approach

201

Economic
Performance

202

MarketPresence

Materiality-Related Initiatives
Chart Generator[ Results ofOperations/Profitability Indicator Ratios ]Earnings Report [ Earnings Report(PDF) >Directeconomic
value
generated
Statements of Income(Cost of sales､Selling,201-1 and distributed
general and administrative expenses､Nonoperating expenses､Extraordinary loss､Profit)]
Shareholders Return
Financial implications and other201-2 risks and opportunities due to
Response to Climate Change（TCFD）
climate change
benefit plan obligations Annual Securities Report [Annual Securities
201-3 Definedand other retirement plans
Report(PDF) ](Japanese only)
Financialassistancereceivedfrom
201-4 government
103 Management Approach
Ratios of standard entry level202-1 wage by gender compared to local Securing the Minimum Wage
minimum wageof senior management
202-2 Proportion
hired from the local community - 113 -Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)GRI Standards

Disclosure Title
References
General Disclosures
Contribution to the SDGs through our
103 Management Approachbusiness activities
Indirect
investments and 203
Economic
203-1 Infrastructureservices supported
Impacts
Contribution to the SDGs through ourindirect economic
203-2 Significant
impactsbusiness activities
103 Management Approach
Building Better Partnerships
204 Procurement
Proportionofspendingon
local
Practices204-1 suppliers
Anti-Corruption
103 Management Approach
Operations
assessedforrisks
205-1 related to corruption
and training about
205 Anti-corruption 205-2 Communication
anti-corruption policies andEducation on Anti-corruption
procedures
incidents of corruption Managing Corruption Risks
205-3 Confirmed
and actions taken
103 Management Approach
Anti-competitive
Legal
actionsforanti-competitive206
Behavior
206-1 behavior, anti-trust, and monopoly No cases
practices207-1 Approach to tax
Tax
governance,
control,andrisk
207-2 management
207
Tax
Stakeholder engagement and
207-3 management of concerns related to tax
207-4 Country-by-country reporting
Environmental
Waste Management
103 Management Approach
Resource Recycling of Used ProductMaterials
usedbyweightorEnvironmental performance data [ Amount of
301-1 volume
main materials consumption ]301
Materials
Environmental performance data [ Amount of
301-2 Recycled input materials usedmain materials consumption ]Reclaimed
products
andtheirEnvironmental performance data [ Volume of301-3 packaging materials
used products recycling ]Reduction of CO2 Emissions by Promoting
103 Management Approach
Group-wide Energy Management
Energy conservation activities for logistics
Energyconsumption
withintheEnvironmental performance data [ Amount of
302-1 organizationenergy consumption (Production) ]consumption outside of Environmental performance data [ Amount of
302-2 Energy
the organizationenergy consumption (Physical distribution) ]302
Energy302-3 Energy intensityof environmental conservation [302-4 Reduction of energy consumption EffectAmount of energy saved ]Reductions in energy
302-5 requirements of products andserviceswith water as a303-1 Interactions
Initiatives for Water Security
shared resourceof water discharge- Initiatives for Water Security
303-2 Management
related impacts
Changes in the water consumption for theand303-3 Water withdrawal
Group
303 Water
Effluents
Changes in the amount of wastewater
Status of violations of permits, standards, and303-4 Water discharge
regulations related to water quality andquantity
303-5 Water consumption- 114 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)GRI Standards

304

Biodiversity

305

Emissions

306

Waste

Supplier
308 Environmental
Assessment
Social

401

Employment

Disclosure Title
References
General Disclosures
103 Management Approach
Operational sites owned, leased,managed in, or adjacent to,304-1 protected areas and areas of high biodiversity value outside
protected areas
Significant impacts of activities,
304-2 products, and services on
biodiversity304-3 Habitats protected or restored IUCN Red List species andconservation list species
304-4 nationalwith habitats in areas affected by operations
Reduction of CO2 Emissions by Promoting
103 Management Approach
Group-wide Energy Management
Preventing Atmospheric Pollution
305-1 Direct (Scope 1) GHG emissions Changes in Scope 1 and 2 emissions
indirect (Scope 2) GHG Changes in Scope 1 and 2 emissions
305-2 Energy
emissionsindirect (Scope 3) GHG
305-3 Other
Our calculated Scope 3 emissions
emissions
Reduction of CO2 Emissions by Promoting
305-4 GHG emissions intensity
Group-wide Energy Management
Environmental Mid- to Long-term Plans [ CO2
305-5 Reduction of GHG emissions
emissions ]Emissionsofozone-depleting305-6 substances (ODS)
No cases
Nitrogen oxides (NOX), sulfur
Status of release and transfer of substances
305-7 oxides (SOX), and other significant subject to the PRTR Law (Released into the
air)
air emissions
generation and significant Waste Management306-1 Waste
waste-related impacts
Resource Recycling of Used ProductManagementofsignificant
wasteWaste Management306-2 related impacts
Resource Recycling of Used ProductEnvironmental performance data [ Amount of
306-3 Waste generated
waste discharged ]Environmental performance data [ Amount of
306-4 Waste diverted from disposal
recycling ]Environmental performance data [ Amount of
306-5 Waste directed to disposal
final disposal ]Specific Initiatives to Promote Responsible
103 Management Approach
Procurement > 2. Green Procurement
suppliers that were screened Specific Initiatives to Promote Responsible308-1 New
using environmental criteria
Procurement > 2. Green Procurement
Specific Initiatives to Promote Responsible
Negative environmental impacts in Procurement> 4. Initiatives for Carbon
308-2 the supply chain and actions
Neutrality and Reduction in Water
taken
Consumption

Provision of Comfortable Working
Environment
103 Management Approach
Ensuring Appropriate Working Hours
Respect for Individual Work-Life Balance
employee hires and employee Provision of Comfortable Working
401-1 NewturnoverEnvironment > Basic policy
Benefits provided to full-timethat are not provided 401-2 employees
to temporary or part-time
employees
Supporting Work Alongside Childcare/Nursing
401-3 Parental leave
Care- 115 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)GRI Standards

Disclosure Title
References
General Disclosures
103
Respect for Labor Rights
Management
Approach
402 Labor/Management
Minimum
noticeperiods
regardingCreating a Pleasant Workplace throughRelations402-1 operational changes
Labor and Management Working as One
Occupational
healthandsafety403-1 management system
Promoting Occupational Health and Safety
Hazard identification, risk
Reducing Occupational Accident Risk403-2 assessment, and incident
Promoting Occupational Health and Safety
investigation
Reducing Occupational Accident Risk403-3 Occupational health services
Health Management Initiatives
Worker participation, consultation, Promoting Occupational Health and Safety403-4 and communication on
Creating a Pleasant Workplace throughoccupational health and safety Labor and Management Working as One
training on occupational Raising Worker Awareness Concerning403-5 Worker
health and safety
SafetyPromotionofworkerhealthHealth Management Initiatives
403-6
Occupational
403
Health andPrevention and mitigation of
Initiatives to Promote Responsible
Safetyhealth and safety Specific403-7 occupational
Procurement > 1. Ensuring Quality andimpacts directly linked by
Safetybusiness relationships
Workers covered by an
403-8 occupational health and safety Promoting Occupational Health and Safety
management system
Materiality [ Enhancement of work
environments and occupational health and403-9 Work-related injuries
safety ]Reducing Occupational Accident Risk
Optimizing Work Hours
Materiality [ Enhancement of work403-10 Work-related ill healthenvironments and occupational health andsafety ]Mid to Long-term Human Resources
103 Management Approach
Development and Appropriate Ability
Assessment
hours of training per year Fostering Autonomous-minded Human404-1 Averageperemployee
Resourcesand
404 Training
Programs for upgrading employee Fostering Autonomous-minded Human
Education
404-2 skills and transition assistance Resources
programs
Percentage of employees
Fostering Autonomous-minded Human404-3 receiving regular performance Resources
and career development reviews
103 Management Approach
Respect for Individual Work-Life Balance
DiversityofgovernancebodiesPromoting Women's Empowerment
Diversity
405-1 and employees
Employment of People with Disabilities
and Equal
405
Opportunityof basic salary andAnnual Securities Report [Annual Securities
405-2 Ratio
remuneration of women to men Report(PDF) ](Japanese only)
Prohibition of Discrimination and Respect for
103 Management Approach
Diversity
406 Non-discrimination
Incidents
ofdiscriminationandNo cases
406-1 corrective actions taken
103 Management Approach
Respect for Labor Rights
Freedom of
Operations
andsuppliers
in
which
and
407 Association
the right to freedom ofCollective
407-1
association and collective
Bargaining
bargaining may be at risk
Strict Enforcement of Rules on Forced Labor
103 Management Approachand Child Labor
408 Child Labor
Operations and suppliers at
408-1 significant risk for incidents of child labor
Strict Enforcement of Rules on Forced Labor
103 Management Approachand Child Labor
Forced or
409 Compulsory
Operations
andsuppliers
atLabor 409-1 significant risk for incidents of forced or compulsory labor- 116 -

Reference Data

Sustainability Activities of GS Yuasa Corporation in 2023 (Web version)GRI Standards

Disclosure Title
References
General Disclosures
103 Management Approach
Security
Security
personnel
trainedin410
Practices410-1 human rights policies orprocedures
103 Management Approach
Rights of
411 Indigenousof violations involving 411-1 Incidents
Peoplesrights of indigenous peoples
Building Better Relationships with Local
103 Management Approach
Communities
Operations with local community
engagement, impact assessments, 413-1
Local
413 Communities
and development programs
Operations with significant actual
413-2 and potential negative impacts on local communities
103 Management Approach
Promotion of Responsible ProcurementNewsuppliersthat
werescreened
Promotion of Responsible Procurement
Social 414-1 using social criteria
414 Supplier
Assessment
social impacts in the414-2 Negative
supply chain and actions taken Responsible Procurement Survey of Suppliers
103 Management Approach
415 Public Policy 415-1
Political contributions
Responsible Political Participation
103 Management Approach
Focus on Safety and Quality
Assessment of the health and416-1 safety impacts of product and Initiatives for Product Safety
Customer
Health416 and Safety
service categories
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
for product and Lighting Equipment
417-1 Requirements
service information and labeling Industrial Batteries/Power Supply Systems
Lithium-ion Batteries
andExport Handling Product (Japanese only)
417 Marketing
Labeling
Incidents of non-compliance417-2 concerning product and service No cases
information and labeling
Incidents of non-compliance417-3 concerning marketing
No casescommunications
103 Management Approach
Information Security
Substantiated complaints
Customer
418
concerning breaches ofPrivacy
418-1 regarding
customer privacy and losses of No cases
customer data

- 117 -

Reference Data