Top Commitment

Sustainability at the ITOCHU Group

Environment

SocietyGovernance

SDGs Bond (Sustainability Bond)

Evaluation by Society

Independent Assurance Report

6

Chief Administrative Officer

Contributing to a Sustainable Society

Based on the spirit of “Sampo-yoshi” (good for the buyer, good for the seller and good for society), theITOCHU Group not only pursues profits for our company, we also help to solve social issues, in line withthe expectations and trust placed on us by our business partners, shareholders, employees and various
other stakeholders. We seek to create virtuous cycles in society and also to help achieve a sustainablesociety. To do so, we ask each employee to voluntarily fulfill their various roles based on our Corporate
Guideline of Conduct of “I am One with Infinite Missions.”

ITOCHU has developed a structure to promote sustainability based on changes in the externalenvironment, such as by participating in the UN Global Compact since 2009. In particular, we recognize theimportance of addressing climate change (contributing to a decarbonized society), which we haveidentified as a material issue. We are working toward the transition to a decarbonized society through anumber of areas, including by declaring our support for the Task Force on Climate-related Financial
Disclosures (TCFD), establishing an environmental policy, formulating greenhouse gas (GHG) emission
reduction targets for 2030, 2040 and 2050 as a core target of our Brand-new Deal 2023 medium-term
management plan, and expanding our clean-tech business.
In the area of supply chain management, we are aiming to build a sustainable value chain to respondthe issues in each of our businesses by establishing individual procurement policies in our various
business fields in addition to our Sustainability Action Guidelines for Supply Chains.
For example, deforestation together with violations of the rights of small-scale farmers and poverty
have become issues in the natural rubber business. Therefore, we have developed a traceability systemthat allows us to track the process of procuring natural rubber. This has made it possible for us todifferentiate our products as those made with environmentally and socially conscious natural rubber. In
this way, we are providing services that meet the needs of each industry to strengthen our value chain.
We joined the Japan Center for Engagement and Remedy on Business and Human Rights (JaCER) as aregular member in 2022. JaCER provides an engagement and remedy platform in compliance with theUnited Nations Guiding Principles on Business and Human Rights. We intend to work on solving essential
issues in human rights by establishing a structure to receive complaints from all our stakeholders in our
supply chains.

June 2023

Fumihiko Kobayashi
Member of the Board

Executive Vice President

Chief Administrative Officer

ITOCHU Corporation’s measures to promote sustainability are overseen by the Sustainability
Management Division under the leadership of the Chief Administrative Officer (CAO). The CAO isresponsible for sustainability management, including evaluating the impact our operations have on theenvironment and society, and also serves as chair of the Sustainability Committee. As one of our coreinternal committees, the Sustainability Committee deliberates and decides on important matters related
to sustainability. In addition to serving as chair of the Sustainability Committee, the CAO also attends
Board of Directors, HMC, and Investment Consultative Committee meetings to provide a perspective on
sustainability to all investment proposals and provide reports as necessary to the Board of Directors.

We designate an ESG officer within each division company and headquarters department to support thecreation of internal systems that contribute to the realization of a sustainable society through our businessactivities. Additionally, we promote regular dialogue with internal and external stakeholders, including
through initiatives the Sustainability Advisory Board. All of this enables us to understand the expectations
and demands that society has for ITOCHU Corporation, which we reflect in our sustainability activities.