Press Release
July 7th 2021

Contact Information
Sumitomo Mitsui Trust Asset Management Co., Ltd.
Stewardship Development Department
Tel. +81 3 6453 3892
Email: ssglobal@smtam.jp

Participation in the Net Zero Asset Managers initiative
Sumitomo Mitsui Trust Asset Management Co., Ltd. (Representative Director and President:
Yoshio Hishida; hereinafter "SuMi TRUST") is pleased to announce that it has become asignatory to the Net Zero Asset Managers initiative, a new initiative launched in December
2020 by global asset managers that seeks to reduce the greenhouse gas emissions ofinvestee companies to net zero by 2050.

SuMi TRUST supports the objectives of the Paris Climate Agreement, which calls for efforts tolimit the increase in global average temperature to 1.5 degrees Celsius, well below the 2degrees Celsius level above pre-industrial era levels, and in line with this goal, isparticipating in the Net Zero Asset Managers initiative, one that is seeing global asset
management companies coming together to support the goal of net zero greenhouse gas
emissions by 2050. We recognize that the impact of climate change is steadily becoming
apparent and that asset management companies have a significant role to play in resolving
one of the biggest challenges now facing the global community.
As a responsible institutional investor that supports Japan’s Stewardship Code and asignatory to the Principles for Responsible Institutional Investors (PRI), SuMi TRUST aims toachieve sustainable growth and sustainability for companies and society as a whole byencouraging companies in its portfolio to address Environment, Social and Governance(ESG) through their business operations. Even after the participation of this initiative, we willremain committed to contributing to the smooth transition to a low-carbon anddecarbonized society through engagement, the exercise of voting rights, and thecomposition of appropriate products by properly identifying risks and opportunities relating
to climate change issues.

About SuMi TRUSTSuMi TRUST is one of the largest asset management companies in Japan and Asia, withover USD 740 billion* in assets under management. As a responsible institutional investor
with the corporate vision of “Realizing opportunities today to ensure sustainable prosperity
for tomorrow”, SuMi TRUST is committed to addressing ESG issues from a globalperspective through constructive dialogue with companies in its portfolio and collaboration
with international organizations promoting ESG efforts in various fields. In addition topursuing new forms of asset management that is appropriate for the times, by contributing
to the development of a more prosperous and sustainable society, we will strive tomaximize the medium- to long-term investment returns of our customers.
(*) As of the end of March 2021

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Disclaimer
This document has not been approved by or registered with any regulatory or
governmental authority in any jurisdiction. The information and opinions contained in thisdocument do not purport to be full or complete and do not constitute investment advice. Allcopyrights regarding this material, other than the parts quoted from other companies’
materials, belong to Sumitomo Mitsui Trust Asset Management Co., Ltd. This material may
not be used or reproduced in part or in whole for any purpose without its express
permission. Should you have any questions as to this material, please address them to its
Global Business Development Department or Stewardship Development Department.

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