Yoshiharu Okamoto
Senior Manager,
Corporate Communication Group
Email: kouhou@so.fujioil.co.jp

NEWS RELEASE
October 21, 2022

The Fuji Oil Group releases its “Sustainability Report 2022”

The Fuji Oil Group released today the “Sustainability Report 2022”, prepared inaccordance with the GRI Standards: Core option. The group also announced thepublication of the “ESG data book” and the “GRI standards comparison table”.
The Sustainability Report 2022 complements the ESG information included in the Integrated
Report 2022, published on 30th September. The aim is to report to a broad range of stakeholders
on our approach and initiatives to address the Group’s impact on sustainability, in acomprehensive and honest manner.
Mr. Mikio Sakai, President and CEO of Fuji Oil Holdings Inc.
“We announced a new 2030 Vision: "Together with our stakeholders, we will co-create asustainable future for food, based on plant-based ingredients that are both delicious and healthy."
Guided by this vision, we at the Fuji Oil Group have committed to working as one team to solve
challenges related to food supply imbalances, wellbeing, and the environment in ways that honor
local conditions and culinary cultures. To achieve that, I believe it is critical that each one of us at
the Group becomes more sensitive to the social issues existing along food value chains and todevise appropriate and timely solutions within our respective spheres of influence.”1

Mr. Takashi Kadota, ESG Representative of Fuji Oil Holdings Inc.
“I believe that transitioning toward a food industry that is conscious of human rights, climatechange and biodiversity conservation is a necessity, as these are issues that directly affects ourcorporate value.
The Fuji Oil Group is engaged in sustainability management, aiming at a sustainable future forfood and at raising our corporate value. We have entered the second stage of our ESG initiativesdeveloping roots to turn our current top-down efforts into Group-wide initiatives.”

Highlights of the sustainability report2022 include:
Creation of sustainable food resources
We started our research on soybeans in 1957 and began selling textured soy protein in 1969.
We develop flavor technologies using only plant-based ingredients through a combination of oiland fats, and proteins, with emulsified and fermented ingredients. We also create a wide rangeof textures and tastes through a combination of various isolated soy protein ingredients with oiland fats products. The report presents the development of new ingredients and technologies, aswell as the expansion of the PBF (Plant-Based Food) market in Japan.
Sustainable procurement
In April 2021, we published the Fuji Oil Group Supplier Code of Conduct as a high-level policythat precedes existing policies and guidelines that apply to specific companies and raw
materials. Our goal in publishing this policy was to communicate to all suppliers acomprehensive approach to procurement that applies to the entire Group.
For specific raw materials, in 2016 and 2018 we published the Responsible Palm Oil Sourcing
Policy and the Responsible Cocoa Beans Sourcing Policy, respectively. In 2020, we set
medium- to long-term goals and KPIs for sustainable procurement of palm oil and cocoa beans.
In June 2021 we published the Responsible Soybeans and Soy Products Sourcing Policy andthe Responsible Shea Kernels Sourcing Policy; and set medium- to long-term goals and KPIsfor sustainable procurement of soybeans and shea kernels. The report presents our efforts toachieve the KPIs.
The Fuji Oil Group’s Sustainability Report 2022 is available at:-English

https://www.fujioilholdings.com/en/sustainability/-Chinese

https://www.fujioilholdings.com/ch/sustainability/

Composition of “Sustainability Report 2022”
The “Sustainability Report 2022” consists of three parts.
PartApproach

Description
This part presents the message from the CEO and ESG Representative, andintroduces our basic approach to Sustainability management, it’s promotion
system, stakeholder engagement and ESG materiality.

Activity report

This part introduces our basic approach, management system, and initiatives
during FY2021 for the respective themes on Environment, Social, andGovernance.

Related materials

ESG data book, GRI standards comparison table, Sustainability Report (PDF)*
download page, and editorial policy are available.
* The English and Chinese translations of the Sustainability Report 2022 (PDF)
will be available in late November.

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