Panasonic Group’s Sustainability:
Second Briefing

July 13, 2022
Notes: 1. This is an English translation from the original presentation in Japanese.
2. In this presentation, “FY2022” refers to the year ended March 31, 2022.

Group’s Medium- to Long-term Strategy
Ideal society with affluence both in matter & mind
Brand slogan

ES

Environment

SocialContribute to solving global
environment issues

Support health & well-being ofpeople both in mind & bodyin “lifestyle” & “workstyle”

Panasonic GREEN IMPACT

ProfitContribution

GContribution

ProfitGovernance

Enhance competitiveness basedon Basic Business Philosophy

Medium-term management indicators (KGI)
Cumulative
Operating CF (FY23-FY25）

2.0 trillion yen© 2022 Panasonic Holdings Corporation

ROE (FY25)

Cumulative OP (FY23-FY25)

10% or more 1.5 trillion yen
1Panasonic GREEN IMPACT
Contribute to CO2 reductions in society by achieving net-zero in-houseemissions and by helping customers reduce emissions
Long-term environmental vision toward energy transformation for society
2020

CO2 emissions
from own
value chain:
110 Mt2050➊ OWN IMPACT

Emissions reduction in our own Value
Chain (VC), including effect ofdecarbonization occurring in society➋ CONTRIBUTION IMPACT❶ 110 Mt

➋ 100 Mt
➌ 100 Mt

“Avoided Emissions” (contribution toreducing CO2 emissions for society)through existing businesses➌ FUTURE IMPACT“Avoided Emissions” throughnew technologies and businessMedium-term action plan clarified based on strategies
set by individual businesses
Thus, roadmap clarified toward net-zero
in-house emissions & contribution to CO2 reductions*Size of contribution in CO2 reductions: Calculated by emission factor as of 2020

© 2022 Panasonic Holdings Corporation2GREEN IMPACT PLAN 2024 (GIP2024)
Environmental action plan “GIP 2024” formulated
Feasibility of Panasonic GREEN IMPACT 2050 enhanced
FY2021 results

FY2025 targets

ー16.34 Mt*2

7 factories
ー37 factories
0.26 Mt *2ー

16.08 Mt*2

23.47 Mt

38.3 Mt

98.7%
43.3 Kt
5 businesses

99% or more
90 Kt
13 businesses

OWN IMPACT
CO2 reductions in our own VC*1
CO2/Energy

Scopes 1&2*1

Zero-CO2 factories
CO2 reductions

Scope 3*1

CO2 reductions in use ofour products by customers

CONTRIBUTION IMPACT“Avoided Emissions” for society
Recycling ratio of factory waste

Resources/ Use of recycled resin (3-year sum*4)
CE*3

CE-based business models/products

Commit mid-term action plan based on
backcasting from what we aim to become*1 Classification made based on GHG (Green House Gas) Protocol, the international calculation standard*2 Size of CO2 reduction targets shown above is difference from that in FY2021. *3 CE: Circular Economy*4 “3-year sum”: FY2020-FY2022 cumulative results / FY2023-FY2025 cumulative targets© 2022 Panasonic Holdings Corporation

3

Enhance feasibility of GREEN IMPACT
Toward 2030, create contributions that reduce
emissions by approx.100 Mt, in addition tonet-zero in-house emissions
Size of CO2 emissions &reductions in our own VC (tons)

110M

Other

2.82M

Environmental
action plan

GIP2024

Products/services

85.93M

16.56M

Factories/offices

2.2M

69.86M

2021

2025

23.47M*

38.3M*

Size of contribution to society
in CO2 reductions (tons)

OWN IMPACTCONTRIBUTION IMPACT
FUTURE IMPACT

31.45M

Products/services
Factories/offices
1.94M

Scope 3

Reductions based on effect of decarbonization insociety, and by accelerating development of highly
energy-saving products in Lifestyle business area

16.34M

ProcurementScopes 1&2

Products/services

Factories/offices
Zero

110M

56.68M
20312051

93M

100M

Contribute to CO2 reductions byimproving competitiveness mainlyin “Electrification,” “Energyefficiency,” & “Hydrogen” areas(FY)

100M*Includes contributions to society in CO2 reductions through replacement purchase of products, etc.
(10.99 Mt in FY2021 & 6.3 Mt in FY2025)© 2022 Panasonic Holdings Corporation

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Net-zero in-house emissions (Scopes 1&2)
Increase number of zero-CO2 factories Group-wideby promoting energy saving and by introducing & purchasing
renewable energies to a degree that surpasses theamount of increased emissions from business growth（million tons)
４BAU*1
Energysaving

3-24%

21

9 factories

22

23

To be achieved at all PID factories
in Europe, U.S. & China

2024

37 factories

25

26

Energysaving(Japan)-100 %
Energysaving(overseas)

Size of reductions required by B2B customers *2
To be achievedat all PAS factories

2021

-57%

Net reductions
in CO2 emissions
based onbusiness growth

To be achievedat all PEC factories

2027

28

86 factories

Increase number of zero-CO2 factories andachieve targets at all operating companies in 2030

292030 (CY)

All factories- In FY2022 achieve net zero at model factories and extend activities to other factories- Achieve net zero at all factories through such initiatives as promoting the use of renewables
and introducing Group-wide carbon taxes*1 BAU: Business As Usual*2 PAS: Panasonic Automotive Systems Co., Ltd./PID: Panasonic Industry Co., Ltd./PEC: Panasonic Energy Co., Ltd.
© 2022 Panasonic Holdings Corporation5

Size of contribution for society in reducing emissions
FY2031 Create an impact that reduces emissions by 93 Mt
Electrification

Energy efficiency

Hydrogen

Expand use of non-fossil
fuels & green vehicles

Promote/optimize
efficient use of energy

Expand use ofzero-carbon energies

FY21

9.7M
FY31

FY25

25.1M
M (tons)

FY21

2.4M
FY31

FY25

FY21

FY25

6.3M

0.2M

0.6M

M (tons)

FY31

M (tons)

Toward a carbon-neutral society, contribute to reducing
CO2 emissions globally in a variety of business areas*DERMS: Distributed Energy Resource Management Systems© 2022 Panasonic Holdings Corporation6Initiative toward
CO2 reductions (1)Automotive batteries forgreen vehicles

Electrification
Size of AvoidedEmissions” (tons)

Marketsize

Rapidly expand to 2,300 GWh (2030)

Competitiveness

Performance: High-capacity, highly reliable,
yet low-CFP* battery technologies
Cost: Spur innovations in materials &manufacturing processes
Supply: Optimization of supply chains
CAGR

31%
Market size

(Automotive batteries forgreen vehicles/GWh）
160 GWh2021

FY21

FY258M

21M

FY3159M

2,300GWh800

GWh2025

Contribute to electrification in mobility by thoroughly
improving technological & operational capabilities

2031(FY)*CFP: Carbon Footprint
Market size: Calculated based on our assumptions© 2022 Panasonic Holdings Corporation7Initiative toward
CO2 reductions (2)Electrification

Hot water heat pump system*

Size of AvoidedEmissions” (tons)

FY21

1.1M

FY25

3.8M

FY3111M

Marketsize

Grow by eight times (From FY2021 to FY2031)
Decarbonation becoming global mainstream,
especially in Europe backed by specific policies and subsidies

Competitiveness

Local production/local consumption: Production enhancement in Czech
Unique technology: High heating performance under -20℃
outside temperature (patented)
Providing sense of security: Repair visit in emergency
through IoT remote monitoring

CAGR

20% or more
Market size(Europe/units)

5Munitsor more2Munits
0.7M units
2021

2025

Accelerate use of non-fossil fuels starting withaddressing European heating appliance market

2031(FY)*Air-to-Water (A2W) heat pump
Market size: Calculated based on our assumptions© 2022 Panasonic Holdings Corporation

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Initiative toward
CO2 reductions (3)Integrated control of
IAQ & A/C*1 devices

Energyefficiency
Size of AvoidedEmissions” (tons)

FY210.2M

FY250.7M

FY314M

Marketsize

Steadily expand to size of ¥7T due to globally growing needs for IAQ
Europe, U.S., China & Japan account for 70% due to large day & nighttemperature difference & wide use of airtight buildings

CompetitivenessComfort + energy saving: Integrated operation of IAQ & A/C,
including heat-exchanging and ventilation devices
Basic IAQ technologies: Long-nurtured unique technologies
in areas of disinfection, humidity control & ventilation
Sales/engineering capabilities: Enhance personnel
and accelerate collaboration with local partners
CAGR

Market size

3.5T(IAQ/trillion yen)

yen

2021

4.6T
yen

7%

2025

6.9T
yen

2031

Through integrated control of A/C & ventilation, optimize sensible
temperature to offer comfort & achieve energy saving(FY)*1 IAQ: Indoor Air Quality, AC: Air-Conditioning
Market size: Calculated based on our assumptions© 2022 Panasonic Holdings Corporation

9Initiative toward
CO2 reductions (4)HydrogenPure hydrogen fuel cell

Size of “AvoidedEmissions” (tons)*Incl. “ENE FARM”

FY210.2M

FY250.6M

FY316M

Grow from ¥900B (2030) to ¥3.9T (2050) with tailwinds likeEU’s long-term strategies
Competi- Hydrogen-centric “RE100” plant as world’s first verification site;
tiveness to be provided customers in future
Evolution of “RE100” solutions: Network of consultation,engineering, and services to be developed
Marketsize

H2KIBOU
field verification

・Apply results tovarious facilities
・Gain know-how
through verification
・Expand business

Establish greenhydrogen creation
technology

・Launch hydrogencreation business・Expand value chain

CAGR

Market size

20%

(Fuel cell systems,incl. pure-hydrogen type/trillion yen)

Develop fuel cellbusiness intohydrogen business

CAGR

0.9T
yen8%

3.9T
yen

0.15T yen
2021

2031

Looking forward to long-term market growth,
expand hydrogen business with customers

2051(FY)

Market size: Calculated based on our assumptions backed by reports issued by Fuji Keizai, Nikkei, etc.
© 2022 Panasonic Holdings Corporation

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Always having a common mindset with people
who deeply care about the global environment

Achieve a carbon-neutral society at earliest stage
11© 2022 Panasonic Holdings CorporationDisclaimer Regarding Forward-Looking Statements
This presentation includes forward-looking statements about Panasonic Holdings Corporation (Panasonic HD) and its Group companies(the Panasonic Group). To the extent that statements in this presentation do not relate to historical or current facts, they constitute forwardlooking statements. These forward-looking statements are based on the current assumptions and beliefs of the Panasonic Group in light of
the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties
and other factors may cause the Panasonic Group's actual results, performance, achievements or financial position to be materiallydifferent from any future results, performance, achievements or financial position expressed or implied by these forward-lookingstatements. Panasonic HD undertakes no obligation to publicly update any forward-looking statements after the date of this presentation.
Investors are advised to consult any further disclosures by Panasonic HD in its subsequent filings under the Financial Instrument andExchange Act of Japan (the FIEA) and other publicly disclosed documents.
The risks, uncertainties and other factors referred to above include, but are not limited to, economic conditions, particularly consumer
spending and corporate capital expenditures in the Americas, Europe, Japan, China and other Asian countries; volatility in demand forelectronic equipment and components from business and industrial customers, as well as consumers in many product and geographicalmarkets; the possibility that the spread of the novel coronavirus infections may adversely affect business activities of the Panasonic Group;
the possibility that excessive currency rate fluctuations of the U.S. dollar, the euro, the Chinese yuan and other currencies against the yen
may adversely affect costs and prices of Panasonic Group’s products and services and certain other transactions that are denominated inthese foreign currencies; the possibility of the Panasonic Group incurring additional costs of raising funds, because of changes in the fundraising environment; the possibility of the Panasonic Group not being able to respond to rapid technological changes and changing
consumer preferences with timely and cost-effective introductions of new products in markets that are highly competitive in terms of bothprice and technology; the possibility of not achieving expected results or incurring unexpected losses in connection with the alliances ormergers and acquisitions; the possibility of not being able to achieve its business objectives through joint ventures and other collaborative
agreements with other companies, including due to the pressure of price reduction exceeding that which can be achieved by its effort anddecrease in demand for products from business partners which Panasonic Group highly depends on in BtoB business areas; thepossibility of not achieving expected benefits in connection with the transition to a new organizational system in which Panasonic is aholding company; the possibility of the Panasonic Group not being able to maintain competitive strength in many product and geographicalareas; the possibility of incurring expenses resulting from any defects in products or services of the Panasonic Group; the possibility that
the Panasonic Group may face intellectual property infringement claims by third parties; current and potential, direct and indirect
restrictions imposed by other countries over trade, manufacturing, labor and operations; restrictions, costs or legal liability relating to laws
and regulations or failures in internal controls; fluctuations in market prices of securities and other financial assets in which the PanasonicGroup has holdings or changes in valuation of non-financial assets, including property, plant and equipment, goodwill and deferred tax
assets; future changes or revisions to accounting policies or accounting rules; the possibility of incurring expenses resulting from aleakage of customers’ or confidential information from Panasonic Group systems due to unauthorized access or a detection of vulnerabilityof network-connected products of the Panasonic Group; as well as natural disasters including earthquakes, prevalence of infectious
diseases throughout the world, disruption of supply chain and other events that may negatively impact business activities of the PanasonicGroup. The factors listed above are not all-inclusive and further information is contained in the most recent English translated version ofPanasonic HD’s securities reports under the FIEA and any other documents which are disclosed on its website.

© 2022 Panasonic Holdings Corporation13