Nomura Asset Management
Japan Sustainable Equity Growth Strategy

Impact Repor t
2021

Nomura Asset Management
Japan Sustainable Equity Growth Strategy

Impact Report 2021

CONTENTS
2

1

Introduction

Japan Sustainable Equity Growth Strategy

What is Impact Investing?

7

Japan Sustainable Equity Growth Strategy

3

Three-Dimensional Investment

8

Impact Investingat Nomura Asset Management

Impact of Investee Companies
for Japan Sustainable Equity Growth Strategy

9Impact Goal: Mitigating Climate Change and
Mitigating Natural Capital Depletion

10

Impact Goal: Eliminate Communicable Disease

12

The Japan Sustainable Equity Growth Strategy
Investee Company Impact

13

Individual Company Contributions

4

Impact Investing Philosophy

5

Impact Investing Framework

Nomura Asset Management Japan Sustainable Equity Growth Strategy Impact Report 2021

Introduction
The Japan Sustainable Equity Growth strategy was launched in 2016 based on the idea thatcompanies can address social issues through their core business. During the latter half of the 2010s,
with frequent natural disasters linked to climate change and growing awareness of human rights,
many became conscious of the issue of sustainability. Furthermore, the COVID-19 pandemic has had
a serious impact on the lives of people around the world, bringing about major change in our way of
thinking. This has heightened our awareness of the various environmental and social issues we faceand how we should respond to them.
Impact investing is attracting attention as an investment method which addresses the various
environmental and social problems we face. Rather than only seeking standard returns frominvestment, the method seeks to contribute to the resolution of issues in our lives by investing overthe long-term in companies that are conducting business with an awareness of “addressing social
issues”. While companies make profits by providing goods and services that respond to various
needs, impact investing focuses on the positive social impact of those goods and services. The UN’s
17 Sustainable Development Goals (“SDGs”) are one prominent example of the types of issues inquestion. Impact investing seeks to act as a framework to achieve outcomes like the SDGs throughcorporate business activities.
As companies expand their business, they become more aware of the outcomes and impact
generated by their goods and services. Within the investment process, portfolio managers measure
the outcomes and long-term impact of investee companies and share their findings with investors. We
believe this form of shared involvement among investee companies, investors, and portfolio
managers is a vital factor.
The United Nations estimates that the amount of investment required for achieving the SDGs by 2030
is approximately US $4 trillion per year. The supply of electricity to businesses and households fromrenewable energy sources and the sale of products that now have significantly reduced greenhousegas (GHG) emissions will require extensive and enormous funding, including new capital investment.
Investing in publicly traded companies also means utilizing tangible assets and human resources heldby the companies as a means to achieve the SDGs and address social issues. It will also make itpossible for companies to view profit expansion as contributing toward this end.
We believe that sharing with our investors the outcomes and broad, cumulative impact generated by
the investee companies is essential to the process. We will continue working with our investors todeliver not only investment returns but also progress toward addressing social issues.
Japan Sustainable Equity Growth Strategy
Main Portfolio Manager

Jun Takahashi

2What is Impact Investing?
Three-Dimensional Investment
Impact investing involves investments made with the aim of generating both impact, whether environmental orsocial (i.e., solutions to social issues), and investment returns. As awareness of various environmental and social
issues increases, impact investing is garnering greater attention. Traditional investment is characterized by only
two dimensions: risk and return. By adding "impact" to this, we believe we can contribute to the realization of abetter society through investment. By proactively engaging in impact investing and engagement, we aim togenerate an impact on the environment and society through the business activities of our investee companies,
while also securing investment returns for investors.

Investors (Institutional/Individual Investors)
Investment
ReturnInvestment

Nomura Asset Management
Investment
ReturnImpact Investment andEngagement

Investee Companies
Investment
ReturnBusiness Activity

Impact on Environment and Society(Addressing Environmental and Social Issues)

Depending on funding flows and market conditions, the port

3

Nomura Asset Management Japan Sustainable Equity Growth Strategy Impact Report 2021

Impact Investingat Nomura Asset Management
Impact Investing Philosophy
Equity investment is not generally considered an influential investment method for generating environmental or
societal impact. However, we believe that listed companies have a special role to play together with otherstakeholders in addressing the many challenges facing society.
Listed companies that possess a variety of human and material resources, have a certain scale, and at the sametime have substantial investment capacity. Indeed it is difficult to imagine what entities besides listed companies
could procure the enormous amount of investment funds that are required to generate impact throughaddressing social issues. Furthermore, we believe that institutional investors can play a unique role by setting
impact goals and engaging with investee companies to discuss progress and encourage action towardachieving those goals.

NGO
Society&
Individuals

Governments

MitigateclimatechangeMultiple
other
stake
holders

Privatesmallbusinesses

Impact through operations,investment, research, human resources,
supply chain management
Impact through engagement●

Renewable power developers and operators●

Renewable technology manufacturers●●

Manufacturers of
GHG emissions reduction tech
Network (Transmission & Distribution)
developers and operators

Listed Equities

folio management above may not be possible in some cases.

4Impact Investing Framework
Our impact investments are implemented based on the framework as illustrated on the right.
First, we identify the social issues to be addressed, set impact goals for each identified issue, and set monitoring
indicators to measure the degree of improvement. Next, we identify investment areas that can contribute toachieving our impact goals and select companies from these areas in which to invest. In addition, each investee
company is linked to one or more SDGs and assigned a Company Performance Indicator (CPI). In this way,progress toward impact goals is monitored on an ongoing basis and is used not only for measuring the impactof the entire portfolio but also within engagement with investee companies to encourage action in support of
impact goals.
Specific examples of the impact investment framework in action are introduced starting from page 9.We haveestablished four impact goals to address critical environmental and social issues: mitigating climate change,
mitigating natural capital depletion, promoting good health and well-being, and maintaining and improving
quality of life. Progress toward these goals is continuously monitored on an ongoing basis.

Depending on funding flows and market conditions, the port

5

Nomura Asset Management Japan Sustainable Equity Growth Strategy Impact Report 2021

- Example Social issues to be addressed

Setting Impact Goal andmonitoring indicators

Climate Change
Goal: Mitigate Climate Change
Indicator: Atmospheric CO2 levels

Select investment fields
Select investee companies● Renewable energy developer● Manufacturer with technology● Electric vehicle/OEM manufacturer● Efficient building construction and maintenance

Identification of SDGs themes

SDGs 7.2 Increase in global share of renewable energy

CPI settings for individual companies

Engagement withinvestee companies

SDGs 7.3 Doubling of energy efficiency improvement rate

● Securing energy resources● Reduction in carbon emissions
Dialogue using monitoring indicators and CPI

folio management above may not be possible in some cases.

6

Japan Sustainable Equity Growth Strategy
Nomura Asset Management’s Japan Sustainable Equity Growth Strategy (JSEG Strategy) focuses on ESG and
impact investing as the basis for its investment framework. The JSEG Strategy aims to "Invest in companies that
can achieve long-term sustainable growth by contributing to the resolution of social issues through their corebusinesses." Since there are many ESG issues that need to be addressed over the medium- to long-term, we
believe that investing in companies based on the assumption that they will be held in the long-term makes it
possible to achieve a balance between delivering superior excess returns and resolving ESG issues. In the stock
Basic Concept ofJapan Sustainable Equity Growth Strategy
Profit growth = Investment Return (vertical axis)

Large

Companythatcreatessocial value

Active Fund

ESG
Investments /ImpactInvestments

Large

Small

selection process, our company's unique ESG scores arealso utilized to evaluate the fundamentals of the businessand select companies capable of creating social value that
contributes to achieving the SDGs. In addition to theconventional two dimensions of equity investment, namely
risk and return, our evaluations include a third dimensionof generating impact by addressing social issues.
In addition, we measure and disclose the outcomes andimpact of this investment strategy, and share that
information with our investors.

Impact investment,social value
creation, resolutionof social issues,and vertical axis

Small

Portfolio Management Team
Jun Takahashi is the main portfolio manager for the Japan Sustainable Equity Growth Strategy. Jun is a Senior
Portfolio Manager in the Japanese Equity Growth Team. Shintaro Harada, the Growth Team Leader, serves as a
co-manager for the fund, and Kōdai Sasaki serves as an assistant portfolio manager. The team makes rigorous
use of ESG and SDGs ratings alongside research input provided by our Equity Research Analysts from our own
Equity Research Department and ESG Specialists from our Responsible Investment Department.
Jun Takahashi, CMA, CFA
Main portfolio manager
Jun is main Portfolio Manager for the Japan Sustainable Equity Growth Strategy. He joined Nomura
Asset Management in 2001 and has 16 years of investment and research experience. Jun holds abachelor's degree in Policy Management from Keio University and an MBA from Hitotsubashi University
Graduate School.

Shintaro Harada, CMA
Co-Portfolio Manager
Shintaro is the Japanese Equity Growth Team Leader in the Equity Investment Group. He joined Nomura
Asset Management in 1993 and has 28 years of investment and research experience.
Shintaro holds a bachelor's degree in Law from Keio University.

Kōdai Sasaki
Portfolio Manager (Assistant)
Kōdai is the member of the portfolio management team for the Japan Sustainable Equity Growth
Strategy. He joined Nomura Asset Management in 2018. He holds a bachelor's degree in Science andEngineering from Yokohama National University, and a master's degree in Engineering from Tokyo
Institute of Technology Graduate School.
Depending on funding flows and market conditions, the portfolio management above may not be possible in some cases.

7

Nomura Asset Management Japan Sustainable Equity Growth Strategy Impact Report 2021

Impact of Investee Companies
for Japan Sustainable Equity Growth Strategy
Companies in the Japan Sustainable Equity Growth Strategy portfolio have delivered the following environmental
and social outcomes through their business activities.

E nvironment
Mitigate
ClimateChangeE nvironment
Mitigate
NaturalCapitalDepletion

S ociety
EliminateCommunicable
DiseaseContributing to a

Using facility space ofSale of approximately

reduction in
CO2 emissions.

to promote tree planting
and contribute to theconservation of the local
environment and thecontrol of urban“heat island” effect.

EV traction motors that havesignificantly reduced GHG(greenhouse gas) emission.

For preventing forest
destruction, procured

For carpet production,

81.09m ton

269,000m³
of eco-friendly
certified lumber.

554k square meters 83k units ofplastic bottles wererecycled to reduce useof carpet virgin materials*Total for the 34 months fromMay 2018 to February 2021.

To a total of

spent on researchand development toaccelerate new drug
development.

treatments for filarial conditions
known as "neglected tropicaldiseases".

Sewage treatment
facilities for

Improve
LivingStandards

people were
installed throughsewage treatment
facility enhancement.

S ociety

MediatedSMEs
facing problems such as the aging ofsenior management and otherbusiness succession issues.
Generating effect worth

92,000405

Reducedtonnesof plastic materials bypromoting the reuse of plastic
bottles, the elimination ofplastic bottles, theconcentration of detergents,
and the use of film containers
and packaging, etc.

¥323.4bn

12m people benefited from30m doses ofS ociety

MaintainLivelihood
and Improve
Productivity

122k

300m*

Provision ofdrinking water to

1.1mn people
through usage ofdisinfectants.

For the purpose of
supporting the independenceof women in emerging
countries

134,700 womenreached by educational
activities.

Through the promotion of IT,
streamlined approx.

3,000

construction sites.

¥376.7bnof avoided economic losses.

The above is historical data and does not imply or guarantee future investment results.

8Impact Goal: Mitigating Climate Change
Investee Company: Daikin Industries
Investment Focus:
The global demand for improvements in indoor environments has
made it possible to simultaneously achieve both greater contribution
to GHG (greenhouse gas) emissions reduction and profit growththrough product diffusion by supplying air conditioners with highenergy-saving performance through superior inverter and refrigerant
technologies.

Amount of reduction of GHG emissions
Duration: F Y16 – F Y20(t-CO2)
8,000
7,000
6,000

Consistency with SDGs:
Goal 13 Mitigation of Climate Change

5,000

KPI of the individual companies:
Contribution to reduction of GHG emissions through promotionof environmentally friendly products
Impact:Measure "contribution to reducing GHG emissions" through salesof energy-saving air conditioners to help mitigate climate change
FY20 results: 70 million ton – CO2

4,000
3,000
2,000

2016

2017

2018

2019

2020 ( FY)

Source: Nomura Asset Management based on Daikin data.

Impact Goal: Mitigating Natural Capital Depletion
Investee Company: Kao
Investment Focus:
Evaluation of proactive efforts to reduce environmental impact
through the provision of environmentally-friendly products and to
reduce the use of virgin raw materials through recycling
Consistency with SDGs:
Target 12.2:
By 2030, achieve the sustainable management and efficient use
of natural resources
KPI of individual companies:
Reduction of use of virgin materials through development andsales of environmentally-friendly products and production ofrecycled materials
Impact:
Plastic consumption reduced by 122,000 tonnes

Reduction in plastic consumption
Duration: 2016 – 2020

（1k tonnes）
140
120■ Reduction through compactification■ Reduction through refill and replacement

100
80
60
40
20
0

2016

2017

2018

2019

2020 (Year)

Source: Nomura Asset Management based on Kao data

The above information is intended to introduce companies that are tackling social issues, and dosuch as buying or selling specific stocks, nor does it suggest an increase or decrease in prices.

9

Nomura Asset Management Japan Sustainable Equity Growth Strategy Impact Report 2021

Impact Goal: Eliminate Communicable Disease
Monitoring Indicator
Global Deaths from HIV,TB and Malaria (millions)

Number of people infected anddeceased by the new coronavirus virus

Period: 2000 - 2020
(mn)
2.0

Period: Period: Januar y 2020 to December 2021
(mn)
350

1.8

5

250

1.4
1.2

4

200

1.0

3

150

0.8
0.6
0.2
00

02

04

2

100

HIV
TB
Malaria

0.4
0Infected (LHS)
Deceased (RHS)

300

1.6

(mn)
6

1

50
06

08

10

12

14

16

18

20 (Year)

Source: Nomura Asset Management based on WHO data.

00
Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21
Source: Nomura Asset Management based on Our World in Data

Deaths from HIV,
nuclear,and malaria

The number of deaths from communicable disease are falling steadily, however much remains to be donewith almost 700,000 deaths from HIV/AIDS in 2020 and a rebound in the number of deaths from TB to
more than 1.3 million in 2020. Africa in particular is in desperate need of a more effective TB vaccine.

COVID-19 Infectionin the world persons
and deaths

The number of deaths due to COVID-19 was reported as of December 2021 to have reached 5.4
million in two years, the same level as HIV/AIDS, TB, and malaria.

Investment target: Shionogi
An Investment Perspective :Contributing to the development of drug treatments for the “Three
Major Infectious Diseases” (Tuberculosis, HIV, and malaria) andthe distribution of anti-HIV drugs in developing countries
Consistency with SDGs:
Target 3.3:
To eradicate infectious diseases such as AIDS, tuberculosis,
malaria and neglected tropical diseases, as well as to address
hepatitis, waterborne pathogens and other infectious diseases
KPI of individual companies:
Development and diffusion of drugs for the three major infectious
diseases, and expansion of R&D investment (Maintain at least
60% in-house drug discovery ratio)

R&D Expenditure

Period: F Y2018 to F Y2020(JPY, bn)
60
55
50
45
40

2018

2019

2020

( FY)

Source: Nomura Asset Management based on Shionogi

Impact:R&D investment: 54.2 billion yen (18.2% of sales in fiscal 2020)

es not guarantee that they will actually invest in such stocks. In addition, it does not recommend,
The above data is historical and does not indicate or guarantee future investment performance.

10Impact Goal: Eliminate Communicable Disease
Response to the novel coronavirus by the investee companies(Elimination of infectious diseases)
Investee Company

Response to the New Coronavirus

Specific Corporate Initiatives

Increased production ofsanitation products

Established a system to increase production of disinfectant solutions at a plant in Japan /Began production and supply of disinfectant solutions at a plant in Germany

provision of sanitation-related
lifestyle information

Through its website, Kao provides hygiene-related information for daily life basedon the findings of external experts and Kao. In addition, Kao provides a wide
range of information, including infection prevention measures based on white
papers and other expert knowledge, for hygiene-related researchers, healthcare
professionals, and public health nurses at educational institutions.

Measures to prevent the spread of
new coronavirus infection

Under the infectious diseases countermearue projects, existing X-ray machines
for medical rounds will be provided for the diagnosis of pneumonia. In addition,
the company aims to develop and sell new reagent kits and fully-automated PCR
testing equipment. Reagents and equipment worth 1.9 billion yen and 1.1 billion
yen, respectively, will be supplied in FY20.

Sales of PCR test kits

Supplied 2.5 billion yen worth of reagents and 800 million yen worth ofequipment in the first half of FY21.

Fast Retailing

Provision of products and other services
to counter the spread of
new coronavirus infection

App. 17.74 million masks, app. 4.56 million “Airism” masks, app. 1.43 million
pieces of isolation gown, app. 500,000 pieces of “Airism” innerwear, app. 1.34
million pieces of essential clothing, and app. US $3.15 million financial support.

Shionogi

Initiatives against the new coronavirus
infection

Development of a new treatment for new coronavirus infection (clinical trial stage)
Providing relevant information on new coronaviruses through the website

Construction of a new plant for new
coronavirus vaccine stock

Investment amount: 11.6 billion yen (scheduled for completion in October 2022)
Supply of vaccine stock solution worth 404 million yen in FY21/3

Supply of AstraZeneca vaccine stock solution

Supply of vaccine solution stock equivalent to 14.7 billion yen forecast for FY22/3

Provision of therapeutic drugs for novel
coronavirus for critically ill patients withnovel coronavirus infection(Actemra:
Japan and overseas)

Exports to FY 2020 and Roche:
132 billion Supply of therapeutic drugs equivalent to 39.3 billion yen in Japan
Exports to FY 2021 Forecast and Roche:
100 billion Supply of therapeutic drugs equivalent to 42.5 billion yen in Japan

Provision of therapeutic drugs for patientsof new coronavirus with minor symptoms(Lonaprive: Japan)

FY 2021 forecast: ¥82.3 billion equivalent in treatment, drug and supply

Provision of the latest medical
information to doctors

Web lectures, meetings, and other programs viewed by a total of 5.4 million
doctor members (FY 2020)

Improving efficiency of new drug
development

Involved in clinical trials of more than half of new drugs marketed in Japan,80％
of COVID-related vaccines and support for drug development companies inoverseas markets (past 3 years)

Vaccination support

Contributed to 7.25 million COVID vaccinations (FY21/1H financial results)

New coronavirus test kit and other provision

Provision of supply of COVID-19 test kits (RT-PCR), inactivation reagents for
COVID-19 virus, RNA extraction kits, and sterile swabs (swabs for saliva collection)

Development of inspection robotic system

Automatic PCR inspection robotic system (medicaloid and development incollaboration with Kawasaki Heavy Industries)

provision of measurement kits andservices related to critical illness

Contract measurement service for research on cytokines that are observed tohave an influence on severity of disease. Obtained approval for additional
application of TARC assay kit as an aid in determining the risk of severe disease.

Provision of injection needles
for vaccine, etc.

New plant started operation in June 2020. Increased production capacity by 1.5
times to over 3 billion syringes per year. Developed the Loaded Space Injection
Needle, which reduces the amount of drug solution left in syringes, launched in
April 2021

Medical oxygen supply

supplying medical and oxygen in India and in Japan

Unicharm

Provision of masks for infectious
disease control

Provision of face masks to countries around the world, development andprovision of face masks with face figure visibility. Supply volume not disclosed.

NOF ( Nippon Oil & Fats)

Provision of materials
for new coronavirus vaccines

Details not disclosed

Nitto Denko
Corporation

Coronavirus nucleic acid adjuvantmaterial supply to Dynabax

Undisclosed for specific volume

Kao

Shimadzu
Corporation

JCR Pharma

ChugaiPharmaceutical

M3

SysmexAir Water

Note: The status of response to the novel coronavirus by companies in the investment portfolio is based on information compiled
by Nomura Asset Management as of December 2021.
The above information is intended to introduce companies that are tackling social issues, and does not guarantee that they will actually invest in such stocks.
In addition, it does not recommend, such as buying or selling specific stocks, nor does it suggest an increase or decrease in prices.

11

Nomura Asset Management Japan Sustainable Equity Growth Strategy Impact Report 2021

The Japan Sustainable Equity Growth Strategy
Investee Company Impact
Per ¥100mn invested in the Japan Sustainable Equity Growth Strategy underlying holding achieved thefollowing impact. More details on individual company contribution are available in the Appendix (Page 13-14).

Mitigate Natural
Capital Depletion● Reduced plastic waste by 79

kg through the use of compact
plastic packaging andcontainers for detergents,
shampoos, and other products.

Promote Sustainable
Industrialization andFoster Innovation● Avoided economic loss of

780,000 yen through M&A ofsmall and medium-sized
domestic companies.

● Approximately 110 plastic

Improve Quality of Life
● Increased sewage treatment

capacity in Papua New Guinea
to 4,800 liters per year

● Donated and recycled 2 garments

per person for refugees anddisplaced persons

bottles were reused throughrecycling into carpet material.

Promote Good Healthand Well-Beingper
Promote Good Healthand Well-Being– Medical Progress¥100mninvested– Medical Progress Eliminate
Communicable Disease● Provided 7 people with a filaria

treatment known as "theneglected tropical disease."● The company invested¥193,000 for research anddevelopment of drugs to treat
HIV infection and Alzheimer's
disease.

● Invested ¥74,000 in researchand development of medical
analysis equipment andproducts that help advancesurgical techniques.

Mitigate Climate Change● Reduced GHG (greenhouse gas)emissions by 69 tons throughsales of high-performance air
conditioners, high-efficiency
water heaters, and otherproducts with highenvironmental performance.

Improve Quality of Life

– Access to Clean Drinking Water● Drinking water treated withdisinfectants was provided to
4 individuals.

Source compiled by Nomura Asset Management. Data on corporate impact is collected from integrated reports, annual reports, and materials posted investee
companies. Impact data is not complete. As there are cases in which the data disclosed by a company cannot be disclosed as impact, estimates may be madebased on the data collected in our company. There is no standardized, universally accepted approach to impact data. The material includes estimates by ourcompany, but we have made every effort to understand the essential impact. Impact data is not certified by an independent body. The impact per ¥100 million
investment takes into account The Japan Sustainable Equity Growth Strategy（the Strategy）substantial exposure to the companies it invests in. For example,
suppose Company A sells energy-saving products and contributes to a reduction of 70 million tons of CO2 emissions. If the Strategy holds 2% of the AUM of
Company A, it would have invested 2 million yen in Company A for the investment of 100 million yen in the Strategy, and the impact of CO2 reduction by Company
A would be(2 million yen/market capitalization of Company A(yen)) x 70 million tons. We calculate the estimated CO2 reduction effect per 100 million yen ofinvestment by this strategy by aggregating these results for all investment target companies that disclose their CO2 reduction amounts.
Above is historical data and does not suggest or guarantee future investment performance.

12Appendix: Individual Company Contributions
Company

SDGs Themes

Measurement

Value
FY2020Value
FY2019Sysmex3

9

R&D investment¥22.5bn¥21.7bn

Daikin Industries3

11 12 13

GHG reduction contribution

70mn ton
CO2

68mn ton
CO2

Nidec

7

11 13

(1) Research development and cost

¥67.3bn¥78.6bn(2) EV Traction motor system sales units

830,000
units

490,000
units

Shionogi

3

9 12

R&D investments in pharmaceuticals inpharmaceuticals¥54.2bn¥47.9bn

Eisai

3 12 17

Research development and investmentin pharmaceuticals¥150.3bn¥140.1bn(1) Prevention of economic losses amid thebusiness continuity and development of SMEs

¥376.7bn¥327.2bn(2) The number of friendly M&A intermediaries
that contribute to the business continuity
and development of SMEs

405
companies

403
companies

Provision of reused and recycled goods
to refugees and displaced persons
through the Office of the United Nations
High Commissioner (UNHCR) etc.

5.08mnitems

4.54 mn
items

Energy saving “N Cool“ & “N Warm"bedding items

N Cool:9.09mn items
N Warm:6.71 mn items

N Cool:9.03mn items
N Warm:5.33 mn items

expenses for research and development ofdrugs for rare and intractable diseases
through advanced bio technology, celltherapy, regenerative medicine, and generecombination technology¥5.4bnーJapan M&A Center

8

9Fast Retailing

1

8 12

1

8

Nitori Holdings

17

9

12 13

JCR Pharmaceuticals

3

Murata Manufacturing

9 12 13

R&D expenses¥101.7bn¥102.5bn

シスメックスASAHI
INTECC

3
4

R&D
investment in medical equipment
研究開発投資¥7.5bn217億円¥6.6bn
225億円

Rinnai9 12 13

Amount of CO2 reduction contribution in
product use due to the spread of hot watersupply heating equipment that pursues energy
saving and environmental friendliness¥4.5mn ton
CO2¥4.3mn ton
CO2

Shimadzu

39 12(1) Research and development expenses¥15.7bn¥16.9bn(2) Number of patent applications
globally

750 cases

822 cases

M3

3

9

Number of member registration ofphysicians on the information platform
for medical care and practitioners

6mn people

6mn people

9 12

9 12

The above information is intended to introduce companies that are tackling social issues, and does nbuying or selling specific stocks, nor does it suggest an increase or decrease in prices. A

13

Nomura Asset Management Japan Sustainable Equity Growth Strategy Impact Report 2021

Company

Measurement

Value
FY2020Value
FY2019135,000
people342,000
peopleCO2 6.31mn t

CO2 4.97mn t(3) Greening area of rooftops, walls ofrooftops, walls and greenery

315,000 m²

590,000 m²

SDGs Themes

Unicharm

1

5

8 10

Support for the active participation of womenby improving hygiene through enlightenment
activities such as education on menarche anddissemination of products in Japan andoverseas

Daiwa House Industry

7

9

11 13

(2) Procurement ratio of S-rank certified lumberKao

11 12 13 14

Reduction in plastics

122,000 t

107,000 t

Recruit Holdings

4

8 15

Supplying pulp from tree plantations as partof business, not only to consume lumber inorder to producing hard copies for publication(Estimation of production volume including recovered
paper used in average paperboard production)

8,933 t8,933 tNissan Chemical
Corporation2

6

Provision of disinfectant treateddrinking water

1,100,000
people900,000
peopleShin-Etsu Chemical

9 13

Reduction in CO2 emissions amid
the use of neodymium magnets inenvironment-friendly vehicles

CO2
280,000 tーKomatsu

9

Number of sites under smart
construction (improvement ofconstruction efficiency through IT
promotion)

3,000
locations

3,000
locations(1) Number of industrial digital solutions
provided (cumulative)

Over 1,000
Cases

Over 1,000
Cases(2) Population of benefiting from water
treatment and treatment capacity(Papua New Guinea)

920,000 people /180,000 m3

ーR&D investment¥113.5bn¥102.1bn

Life care-related R&D expenses,
including vision correction lens

¥14.3bn¥15.8bn

Hitachi(1) GHG reduction

9

3

6

9

11 13

Chugai Pharmaceutical

3

HOYA

3

9

7

95.1%

94.3%

2016 - 2030 Sustainable Development Goals (SDGs) : The Sustainable Development Goals are 17 global goals
established to fundamentally resolve various global problems, including poverty, inequality and inequality, and theeffects of climate change, and to create a better world for all.

1 No Poverty

7 Affordable and clean energy

13 Climate action

2 Zero Hunger

8 Decent work and economic growth

14 Life below water

3 Good health and well being

9 Industry innovation and infrastructure

15 Life on land

4 Quality education

10 Reduced inequalities

16 Peace, justice and strong institutions

5 Gender equality

11 Sustainable cities and communities

17 Partnerships for the goals

6 Clean water and sanitation

12 Responsible consumption
and production

ot guarantee that they will actually invest in such stocks. In addition, it does not recommend, such as
bove is historical data and does not suggest or guarantee future investment performance.

14

DISCLOSURESThis document was prepared by Nomura Asset Management U.K. Limited (NAM UK) and distributed by Nomura Asset Management Europe
KVG mbH – UK Branch, from sources it reasonably believes to be accurate.
Nomura Asset Management Europe KVG mbH is authorised and regulated by the Federal Financial Supervisory Authority (BaFin). Its UK
Branch is also authorised and regulated by the Financial Conduct Authority (FCA). The information in this document is not intended in any
way to indicate or guarantee future investment results as the value of investments may go down as well as up. Values may also be affectedby exchange rate movements and investors may not get back the full amount originally invested. Before purchasing any investment
product, you should read the related risk documentation in order to form your own assessment and judgement and, to make an investment
decision. This document may not be reproduced or redistributed, in whole or in part, for any purpose without the written permission of
Nomura Asset Management Europe KVG mbH.
This document is for information purposes only on the general environment of investment conditions and should not be considered as
investment advice or a recommendation of any particular security, strategy or investment product. This report may not be relied upon by
any person in any jurisdiction where unlawful or unauthorised. As with any forms of investment, they carry risks and this material does nothave regard to the specific objectives, financial situation or needs of the recipient. Unless otherwise stated, all statements, figures, graphs
and other information included in this presentation are as of the date of this presentation and are subject to change without notice.
Although this report is based upon sources we reasonably believe to be reliable, we do not guarantee its accuracy or completeness.
Further, this report is not intended as a solicitation, or recommendation with respect to the purchase or sale of any investment fund or
product. To the extent permitted by law, NAM UK do not accept liability for any statement, opinion, information or matter (express or
implied) arising out of, contained in or derived from, or any omission from this document, whether negligent or otherwise.
This is a marketing communication. Please refer to the prospectus and to the KIID before making any final investment decisions.
The Japan Sustainable Equity Growth Fund is a sub-fund of Nomura Funds Ireland plc, which is authorised by the Central Bank of Ireland
as an open-ended umbrella investment company with variable capital and segregated liability between its sub-funds, established as anundertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment inTransferable Securities) Regulations 2011. The UCITS fund is not intended for distribution to or use by any person or entity in any
jurisdiction or country where such distribution or use would be contrary to law or regulation. Beneficial interests in the UCITS fund is notoffered, and will not be offered, in Japan (except for investments through discretionary investment agreements). In addition, this document
is not intended as a solicitation to acquire beneficial interests in the UCITS fund.
The prospectus, key investor information document (KIID) and other fund related materials are available in English and, for the KIID, in theofficial language of the countries in which the fund is available for distribution on the Nomura Asset Management U.K. Ltd. website athttps://www.nomura-asset.co.uk/fund-documents/. Nomura Asset Management U.K. Ltd. is authorised and regulated by the Financial
Conduct Authority.
A summary of investor rights in English and information on collective redress mechanisms are available athttps://www.nomura-asset.co.uk/download/funds/how- to-invest/Summary_of_investor_rights.pdf. Nomura Asset Management U.K.
Limited may at any time decide to terminate arrangements it may have made for the marketing of units of a fund in a member state otherthan its home member state.
NAM UKNAM UK is authorised and regulated by the Financial Conduct Authority.
SFDR Disclosure
The EU Sustainable Finance Disclosure Regulation (“SFDR”) requires investment firms to formalise how sustainability is integrated into their business andprocesses, and to make new public and client-facing disclosures on sustainability matters. The aforementioned disclosures relating to Nomura AssetManagement U.K. Limited are published on our website at https://www.nomura-asset.co.uk/responsible-investment/esg-sustainable-investment/.
Product related disclosures regarding Nomura Funds Ireland Plc and its sub-funds can be found in the prospectus. Nomura Funds Ireland
Japan Sustainable Equity Growth Fund is an Art. 9 fund according to SFDR.

Important Information
This report was prepared by Nomura Asset Management Co., Ltd. for information purposes only. Although this report is based uponsources we believe to be reliable, we do not guarantee its accuracy or completeness. Unless otherwise stated, all statements, figures,graphs and other information included in this report are as of the date of this report and are subject to change without notice. The
contents of this report are not intended in any way to indicate or guarantee future investment results. Further, this report is not intended asa solicitation or recommendation with respect to the purchase or sale of any particular investment. This report may not be copied,
re-distributed or reproduced in whole or in part without the prior written approval of Nomura Asset Management Co. Ltd.
Registration Number: Director-General of the Kanto Local Financial Bureau No.373 Membership:
The Investment Trusts Association, Japan
Japan Investment Advisers Association
Type II Financial Instruments Firms Association
Nomura Asset Management Co., Ltd.
2-2-1, Toyosu, Koto-ku,
Tel: 81 (0)3-6387-5000 (Main switchboard)
https://global.nomura-am.co.jp/
Copyright © 2022 Nomura
This document is the sole property of Nomura. No part of this document may be reproduced in any form or by any means– electronic, mechanical, photocopying, recording or otherwise – without the prior written permission of Nomura.