Information Disclosure in line with TCFD Recommendations
Sustainability Promotion Structure●SystemWe have also established the Sustainability Promotion Committee, the Climate Change Committee, the Risk
Management & Compliance Committee, the Environment& Safety Committee, and the Quality Assurance Committee in order to promote sustainability activities. The
Board of Directors supervise these initiatives by discussing and resolving the content of deliberation at each committee.

Board of Directors
Chairman & CEO
Submission(more than once per year)

Supervise

ManagementMeeting
ReportChair:
Officer responsible forSustainability Promotion &IR Dept.
Members:Managing executive officers
responsible for divisions &departments*1
Secretariat:
Sustainability Promotion &IR Dept.
Matters to be deliberated: olicies related to●Psustainability including
climate change ateriality identification●Mand KPI setting/progress
management
 ong- and mid-term plans●L valuation of the results of●Eannual activities andtargets for the next fiscal
year based on theevaluation, etc.

Climate Change Committee(more than once per year)
Chair:
President & COO
Members:
Heads ofbusiness divisions
Planning and Development
Div.
Purchasing Dept.
Corporate Planning Dept.
Sustainability Promotion & IR
Dept.
Finance & Accounting Dept.
Production Technology Dept.
Environment, Safety & Quality
Assurance Dept.
Secretariat:
Sustainability Promotion & IR
Dept.
Matters to be deliberated:● Analysis and assessment ofrisks/opportunities andcountermeasures
dedicated to climate change● Strategies, long- andmid-term plans, annual
activities, targets, etc. forrisks and opportunities

Risk Management &Compliance Committee(twice per year)

Environment & SafetyCommittee(more than once per year)

Quality AssuranceCommittee(more than once per year)

Chair:
Chief Risk Management Officer(CRO)

Chair:
Officer responsible forEnvironment, Safety & Quality
Assurance Dept.

Chair:
Officer responsible forEnvironment, Safety & Quality
Assurance Dept.

Members:
Heads ofbusiness divisions
Planning and Development
Div.
Purchasing Dept.
Corporate Planning Dept.
Personnel Dept.
Sustainability
Promotion & IR Dept.
Production Technology Dept.
Environment, Safety & Quality
Assurance Dept.
Heads of plants andlaboratories*2

Members:
Heads ofbusiness divisions
Planning and Development
Div.
Purchasing Dept.
Corporate Planning Dept.
Personnel Dept.
Sustainability Promotion & IR
Dept.
Production Technology Dept.
Environment, Safety & Quality
Assurance Dept.
Heads of plants andlaboratories*2

Secretariat:
Environment, Safety & Quality
Assurance Dept.

Secretariat:
Environment, Safety & Quality
Assurance Dept.

Matters to be deliberated:● Long- and mid- term plans
for responsible care (RC)
activities, including
responses to climate change● Annual RC activity resultsfor Nissan Chemical andaffiliated companies● Summary of company-wide
RC activities● Targets, goals, and actionplans for RC in the next fiscal
year, etc.

Matters to be deliberated:●M id- term quality targets forthe following year and every
three years●A nnual quality assurance
activity results for Nissan
Chemical and affiliatedcompanies

Members:
Risk & Compliance Managers(Heads of divisions/departments* and plants/
laboratories, Presidents ofeach domestic consolidatedsubsidiary)
Secretariat:
Risk Management &Compliance Office,Corporate Planning Dept.
Matters to be deliberated: isk identification and●Rassessment including
climate change-relatedrisks, and formulation ofcountermeasure plans elf-assessment for status●Sof implementation of thecountermeasure plan andsubject, and formulation ofimprovement plan nnual activity plan for the●Anext fiscal year, etc.

* [Divisions & Departments] Internal Audit Dept., business divisions, Planning and Development Div., Intellectual Property Dept., Purchasing Dept., Corporate Planning Dept., Personnel Dept., Sustainability Promotion & IR Dept., Finance & Accounting Dept., Digital Transformation Dept., Production Technology Dept., Environment, Safety & Quality Assurance Dept.

Nissan Chemical Corporation

67● Risk Management & Compliance Committee(twice per year)

Our initiatives to address climate change are considered and deliberated by the Sustainability Promotion Committee, the Climate Change Committee, the Risk Management & Compliance
Committee, and the Environment & Safety Committee. The
Board of Directors then supervise these initiatives by discussing
and resolving the content of deliberation at each committee.
As we have identified “mitigation of climate change” as oneof our materiality factors, we newly established the Climate
Change Committee in June 2022 where issues focused on climate change are specifically discussed and examined.

This committee was established to enhance the effectiveness ofrisk management, and to maintain and promote compliance.
The committee is chaired by the Chief Risk Management Officer(CRO/ Director, Managing Executive Officer) appointed by the
Board of Directors.
The Risk & Compliance Managers (heads of divisions/departments and plants/laboratories, presidents of domestic consolidated subsidiaries) who are members of this committee, periodically identify, assess, and formulate countermeasure plans
for risks including climate change-related risks, conduct self-assessments for the issues and status of implementation of therisk countermeasure plan, and formulate improvement plan. In
addition to this, they regularly provide education and training at
each division/department, plant/laboratory and domestic consolidated subsidiary.
The above risk management activities and activity plans forthe next fiscal year are deliberated, and their appropriateness isvalidated and reviewed at least once a year at the management
meeting. After approval at the management meeting, the following matters will be submitted to the Board of Directors.

● Sustainability Promotion Committee (twice per year)

President & COO
Validation, Review

Sustainability Promotion
Committee(twice per year)

GovernanceIntegrated Report 2023

This Committee considers and deliberates on material issues inorder to more strategically tackle global social issues, including
climate change. The committee is chaired by the officer responsible for the Sustainability Promotion & IR Department (Director,Senior Managing Executive Officer). Policies, targets, and plans,etc. related to sustainability, including climate change, are deliberated, and after approval at the management meeting, the following matters are submitted to the Board of Directors.
Resolving matters at the Board of Directors:- Policy planning related to sustainability- Long- and mid-term plans and annual plan forsustainability

Resolving matters at the Board of Directors:- Identification of group major risks and theircountermeasures- Mid-term plan and annual plan for risk and compliance● Climate Change Committee (more than once per year)●E nvironment & Safety Committee(more than once per year)

This Committee was established to accurately grasp the risks
and opportunities that the Company faces due to the increasingly serious climate change problem, and connect them morestrongly with our management strategies to strengthen ourcomprehensive climate change measures. The committee ischaired by the president (COO).
Analysis of risks and opportunities related to climatechange, as well as policies, targets, plans, etc., are deliberated,and after approval at the management meeting, the following
matters are submitted to the Board of Directors.

This committee oversees and promotes responsible care (RC)
activities within Nissan Chemical and affiliated companies. Thecommittee is chaired by the officer responsible for the Environment, Safety & Quality Assurance Department (Director, Senior
Managing Executive Officer).
At this Committee, while sharing information with the Sustainability Promotion Committee, long- and mid-term plans including the response to climate change, annual activities in eachplant/laboratory, summary of company-wide activities, and thetargets, goals, and action plans for RC in the next fiscal year, etc.
are deliberated.
The contents of deliberations are validated and reviewed atleast once a year at the management meeting. After approval at
the management meeting, the following matters are submitted
to the Board of Directors.

Resolving matters at the Board of Directors:- Scenario analysis and countermeasures for identified
risks and opportunities- Long- and mid-term plans and annual plan focused on
measures against climate change

Resolving matters at the Board of Directors:- Policy planning related to RC- Long- and mid-term plans and annual plan for RC◎ Related Information: Sustainability Promotion Structure P67

Nissan Chemical Corporation68

Integrated Report 2023

Sustainability

Amid unpredictable and volatile world, Nissan ChemicalGroup has made its corporate philosophy of “Contributeto the protection of the global environment and the existence/development of humanity, offering the value
sought by society” the basis of its business activities. We
have established the Sustainability Promotion Groupwithin the Sustainability Promotion & IR Department toenhance our sustainability activities with the mission “todraw up sustainability strategies in response to socialtrends, to raise awareness of sustainability internally,and to send relevant information”.

Nissan Chemical announced our support for recommendationsof Task Force on Climate-related Financial Disclosures (TCFD) in
August 2020. We will strive to increase our corporate value by
not only continuing to promote our initiatives to address climatechange such as measures for reducing GHG emissions but also
improving our information disclosure step-by-step.