Introduction

Our Sustainability

GovernanceSocialEnvironment

Corporate Information

Editorial Policy
The purpose of this Sustainability Report is to communicate the Group’s sustainability activities tostakeholders.
By describing the policies, systems, measures, and other details of SBG and each Group company inline with the categories of Environment, Society, and Governance (ESG), the report conveys a comprehensive picture of the Group’s sustainability activities.
Target scope
SBG and its Group companies*1
Period covered
Fiscal 2021 (April 2021 to March 2022)*2
Year and month of publication
November 2022 (previously published in November 2021)
Guidelines referenced
Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), Global Reporting Initiative (GRI)
Standards and Sustainable Development Goals (SDGs)

Notation of Company Names
The notations of company names have the following deﬁnitions unless otherwise stated.
Notation

Definition

SoftBank Group Corp.
SBG

SoftBank Group Corp.

The SoftBank GroupThe Group

SoftBank Group Corp. and its Group companies*1

SoftBank Vision Fund 1 or SVF1

SoftBank Vision Fund L.P. and its alternative investment vehicles

SoftBank Vision Fund 2 or SVF2

SoftBank Vision Fund II-2 L.P. and its alternative investment vehicles

SoftBank Vision Funds or SVFs

A collective term for SoftBank Vision Fund 1 and 2

SBIA

SB Investment Advisers (UK) Limited

SoftBank Latin America Funds
LatAm Funds*3

SBLA Latin America Fund LLC

SprintSprint Corporation

Alibaba

Alibaba Group Holding Limited(former Alibaba.com Corporation)

Arm

Arm Limited

T-Mobile

T-Mobile US, Inc.

Disclaimers
This Sustainability Report provides relevant information about the Group and does not constitute or form any solicitation ofinvestment including any offer to buy or subscribe for any securities in any jurisdiction.
This Sustainability Report contains forward-looking statements, beliefs or opinions regarding the Group, such as statements
about the Group’s future business, future position and results of operations, including estimates, forecasts, targets and plans
for the Group. Without limitation, forward-looking statements often include the words such as “targets,” “plans,” “believes,”“hopes,” “continues,” “expects,” “aims,” “intends,” “will,” “may,” “should,” “would,” “could,” “anticipates,” “estimates,”“projects” or words or terms of similar substance or the negative thereof. Any forward-looking statements in this Sustainability
Report are based on the current assumptions and beliefs of the Group in light of the information currently available to it as ofthe date hereof. Such forward-looking statements do not represent any guarantee by any member of the Group or its management of future performance and involve known and unknown risks, uncertainties and other factors, including but not limited to,the success of the Group’s business model; the Group’s ability to procure funding and the effect of its funding arrangements;
key person risks relating to the management team of SBG; risks relating to and affecting the Group’s investment activities; risks
relating to SB Fund (parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle), its investments, investors
and investees; risks relating to SoftBank Corp. and the success of its business; risks relating to law, regulation and regulatoryregimes; risks relating to intellectual property; litigation; and other factors, any of which may cause the Group’s actual results,performance, achievements or ﬁnancial position to be materially different from any future results, performance, achievements orﬁnancial position expressed or implied by such forward-looking statements. For more information on these and other factors
which may affect the Group’s results, performance, achievements or ﬁnancial position, see “Risk Factors” on SBG’s website athttps://group.softbank/en/ir/investors/management_policy/risk_factor.
None of the Group nor its management gives any assurances that the expectations expressed in these forward-looking
statements will turn out to be correct, and actual results, performance, achievements or ﬁnancial position could materially differ
from expectations. Persons viewing this Sustainability Report should not place undue reliance on forward-looking statements.
The Group undertakes no obligation to update any of the forward-looking statements contained in this Sustainability Report orany other forward-looking statements the Group may make. Past performance is not an indicator of future results, and theresults of the Group in this Sustainability Report may not be indicative of, and are not an estimate, forecast or projection of, theGroup’s future results.
The Group does not guarantee the accuracy or completeness of information in this Sustainability Report regarding companies (including, but not limited to, those in which SB Funds have invested) other than the Group which has been quoted frompublic and other sources. This Sustainability Report contains statements relating to Arm. Such statements are presented solely
for the informational purposes of the shareholders of SBG as such and are not, nor should they be construed as, an offer tosell or a solicitation of an offer to purchase any securities issued by Arm.
Regarding Trademarks
Names of companies, products and services that appear in this Sustainability Report are trademarks or registered trademarksof their respective companies.

*1 In principle, Group companies indicate subsidiaries of SBG and may include some associates depending on the description.
*2 This report includes some content from ﬁscal 2020 and 2022.
*3 Includes SoftBank Latin America Fund 1 or SBLAF1 (SBLA Holdings (Cayman) L.P. and SBLA Latin America Fund (Cayman) L.P.), and SoftBankLatin America Fund 2 or SBLAF2 (SBLA Holdings II DE LLC and SLA Holdco I LLC).

1

Our 志 “Kokorozashi” (Mission) is Consistent
Our Investment Areas Continue to Evolve—— SoftBank Group History

PC Software

InternetBroadband

MobileData and AI

1981 Foundation

1996

2001

2006

2016

2019

Founded as a distributor ofpackaged software for PCs

Launched Yahoo! JAPANLaunched broadband service,Yahoo! BB

Acquired Vodafone K.K. andentered mobile telecommunications in Japan

Acquired U.K. chip designer
Arm

Launched SVF2

2004

2013

2017

2020

Acquired JAPAN TELECOM
and entered ﬁxed-line
telecommunications

Acquired U.S.-based carrier
SprintLaunched SVF1

Sprint and T-Mobile merged

1982

2000
Invested in Alibaba

Launched a publishingbusiness

1994
Founded SoftBank Holdings
Inc. in the U.S. for the purpose of strategic investment
in Internet companies

2Introduction

Our Sustainability

GovernanceSocialEnvironment

Corporate Information

Message from the Chairman & CEO

Guided by our corporate philosophy,“Information Revolution —— Happiness for everyone,”
the SoftBank Group continues to grow and advancetoward its aim of becoming the corporate groupmost needed by people around the world.
Concerns over climate change, the widening of economic, racial and gender inequality, and other challenges arebecoming increasingly global and are threatening the perpetuity of not only companies but humankind itself.
Also, the recent global upheaval has signiﬁcantly impacted economic activities and the lives of people around the world.
Our history shows, however, that humanity can utilize its collective wisdom and do its utmost to solve any issue
when confronted by a crisis. I believe the SoftBank Group will continue to help solve global challenges and support
the sustainability of humankind and the planet by continuously leading the Information Revolution to accelerateinnovation that drives technological evolution.
Our corporate philosophy, “Information Revolution — Happiness for everyone,” embodies our determination tobring happiness to everyone, even to future generations 300 years from now.
To create a world where people can live in harmony with the earth and realize a sustainable society,
the SoftBank Group will fulﬁll its responsibilities as the leader of
the Information Revolution.

Masayoshi Son
Representative Director, Corporate Officer, Chairman & CEO

3

Introduction

Our Sustainability

GovernanceSocialEnvironment

Corporate Information

About the SoftBank Group
Corporate Philosophy

Information Revolution ——Happiness for everyone

Segment Information (FY2021)*
Segments

Investment Business of
Holding Companies

1Main businesses

Net sales

Investment activities by SBG and its subsidiaries(Billions of yen)Segment income(income before income tax)

(Billions of yen)Core companies

VisionTo become the world’s
most essential corporate group
The SoftBank Group’s aim is to contribute to people’s happinessthrough the Information Revolution, and to become “the corporategroup needed most by people around the world.” To achieve its
vision, the SoftBank Group will continue to concentrate its
operations in the information industry, and advance the Information

SoftBank Vision Funds

SoftBankCore companies
SoftBank Corp.
Z Holdings CorporationYahoo Japan CorporationLINE Corporation

Cluster of No. 1 Strategy
ArmCore company

that will continue to grow for the next 300 years by implementing

Arm Limited

the Cluster of No. 1 Strategy, our unique strategy for adapting toLatin America Funds

the changing times by continuing to change ourselves. The goalCore companies

companies that have outstanding technologies and businessmodels in specific fields and encourage them to generatesynergies so that they can grow together as the Group. Building
a cluster of leading companies has the advantages of increasing
overall competitiveness and making it easier to reshuffle groupcompanies through flexible group management.

Investment activities by SVF1 and SVF2

SB Investment Advisers (UK) Limited
SoftBank Vision Fund L.P.
SB Global Advisers Limited
SoftBank Vision Fund II-2 L.P.

essential to the times and the businesses driving innovation.

of the Cluster of No. 1 Strategy is to form a diverse group of260.6
300.0Core companies

Revolution through investments in leading technologies

The SoftBank Group is endeavoring to form a corporate group6,221.5

SoftBank Group Corp.
SoftBank Group Capital Limited
SoftBank Group Japan Corporation
SB Northstar LP

Consumer business: Provision of mobile services,sale of mobile devices, and provision of broadband
services to retail customers in JapanEnterprise business: Provision of mobile communications and solutions services to enterprise customers
in Japan
Distribution business: Provision of ICT services
products to enterprise customers and provision ofcommunication device-related products and IoT
equipment to retail customers
Yahoo! JAPAN/LINE business: Provision of internet
advertising and e-commerce services
Design of microprocessor intellectual property andrelated technology
Sale of software tools and provision of related services

5,690.7

84.5
41.2
880.1

965.9
0-29.7-869.6

Investment activities by SoftBank Latin AmericaFunds-2,639.4

SBLA Latin America Fund LLC
SBLA Advisers Corp.
SBLA Latin America Fund (Cayman) L.P.
SBLA Holdings (Cayman) L.P.
SBLA Holdings II DE LLC
SLA Holdco I LLC
Investment Business of Holding Companies*2-22.3-179.5
SoftBank Vision Funds*2

SoftBankArm

Latin America Funds*2

Other*3

Reconciliations

Consolidated*1 From the ﬁrst quarter of ﬁscal 2022, the Latin America Funds segment was integrated into the SoftBank Vision Funds segment because SB Global Advisers Limited which
manages SVF2 began managing SoftBank Latin America Funds.
*2 Net sales are not recorded for this segment as it is not engaged in the sale of goods and services.
*3 Includes the business results of Fortress Investment Group LLC, PayPay Corporation, and the ISG business of Arm, among others.

4Introduction

Spotlight

Our Sustainability

GovernanceSocialFiscal 2021 Sustainability: At a Glance

Environment

Corporate Information(Values are as of March 31, 2022, unless otherwise stated.)

This section introduces the Group’s representative measures and results related to sustainability in ﬁscal 2021.

Governance

Environment

SBG56%

Set Group target
Achieving

SBG

Ratio of External
Board Directors:

Ratio of External
Audit & Supervisory
Board Members:
P. 16

100%

P. 17

Ratio of renewable energy
used at major subsidiaries

SBG

Carbon Neutrality

Achieved(continued from fiscal 2020)

Carbon Neutrality
by fiscal 2030

ArmP. 39Z Holdings Corporation

Integrating ESG into the Investment Process

P. 39

IssuedSBG

Clarified integrating environmental
and social factors into
investment processes as a policy

Allocated funds toconstructing andrefurbishing energy-efficient
data centers and procuring
renewable energy

Revised Portfolio Company Governance andInvestment Guidelines Policy

SBG

Conducted

Established

Environmental TCFD
Policydisclosures
P. 12

P. 37

Yahoo Japan Corporation¥20 billion in green bonds

SBG

98

Achieved% for electricity
used by the company itself

59

Achieved% for energy
used by the company itself
SoftBank Corp.

53.5

Achieved% forelectricity used by base stations

P. 12

P. 37

P. 39

Social
SBG

SBG

SBG

Ratio of female employees

RevisedConducted

44%

Human Rights
PolicyHuman Rights
SurveyRatio of female managers

22%

P. 28

SB Opportunity Fund
P. 30

SoftBank Corp.

Issued ¥30 billion in sustainability

bonds
P. 28

Allocated funds tothe high altitude platform
station (HAPS) business

Invested in businesses led by

SBG

Conducted vaccinations*1
P. 12

SBG

Established

57 deals and$75 million in fiscal 2021
P. 30

Annual PCR test results infiscal 2021
Over 4 million tests
P. 32

underrepresented
SoftBank Corp.
founders in the U.S.
Set targets for ratio of female managers

15% by fiscal 2030
20% by fiscal 2035

SB Coronavirus Inspection
Center Corp.

Supplier Code of Conduct
P. 33

P. 19

P. 28

P. 37

Over 240,000doses administeredat 13 sites across Japan*1 Total number of first to third vaccinations
as of May 31, 2022. Includes the Tokyo
Nogizaka Vaccination Center and theWeWork Minatomirai Site, which cooperated
as vaccination sites.
P. 325Introduction

Our Sustainability

GovernanceSocialEnvironment

Corporate Information

Table of Contents

Introduction

P. 1

SocialP. 1

Editorial Policy

P. 28 Respect for Human Rights

P. 2

SoftBank Group History

P. 29 Human Resources Strategy

P. 3

Message from the Chairman & CEO

P. 30 Diversity & Inclusion

P. 4

About the SoftBank Group

P. 31 Creating a Supportive Working Environment

P. 5Spotlight Fiscal 2021 Sustainability: At a Glance

P. 32 Industrial Safety and HealthP. 6

Table of Contents

P. 33 Support for Entrepreneurs

P. 27

Initiatives to Resolve Social Issues through the Businesses ofPortfolio Companies and Group Companies

Our Sustainability
P. 8

Sustainability Message

P. 9

Our Basic ApproachP. 11Feature

P. 34 Participation in Our Community

P. 7

Environment

Sustainability Committee

P. 12 ESG Promotion in the Investment Business

P. 36

P. 37 Basic Policy on Environmental Initiatives

Sustainable Bonds

P. 13

P. 35 AI Ethics

Spotlight Portfolio Companies that Contribute to Solving Environmentaland Social Issues

Climate-related Information Disclosures in Accordance withthe TCFD Recommendations

P. 39 Initiatives for Climate Change Mitigation
P. 42 Biodiversity Conservation

Governance

P. 14

P. 43 Promotion of a Circular Economy

P. 15 Corporate GovernanceP. 19 ComplianceCorporate Information

P. 44

P. 21 Initiatives for Taxation
P. 22 Risk Management
P. 24 Information Security

P. 44 Communication with Stakeholders
P. 45 Major External Evaluations of Sustainability / Corporate Data
P. 46 GRI Standards Content Index

6