November 18, 2022
Immediate release

Meiji Begins Initiatives to Visualize CO2 Emissions fromMeiji Milk Chocolate
Meiji Holdings Co., Ltd. (Kazuo Kawamura, CEO, President and Representative Director)
participated in the Ministry of the Environment’s model businesses for the carbon footprint
initiatives of product and service. We began to visualize CO2 emissions in each process ofthe product life cycle for Meiji Milk Chocolate (50g), our flagship product.

The carbon footprint of product (CFP) is to visualize the amount of CO2 emissions, from raw
materials procurement to waste disposal and recycling of products. In this model business,
we will calculate CFP and create an advanced role model for displaying and utilizing CFP
data. Thereby, we will lead to stimulating interest in CFP initiatives in Japan and encouragecustomers to choose products and services that contribute to decarbonization.
With support from Boston Consulting Group, which has been consigned by the Ministry ofthe Environment, we will calculate CFP and examine clear and simple labeling forcustomers.
The Meiji Group strives to achieve carbon neutrality by 2050. Therefore, we have set amilestone for FY2030 of reducing Scope 1 and Scope 2 CO2 emissions by 50% compared toFY2019, and Scope 3 CO2 emissions by 30% compared to FY2019.

Disclaimer: This English translation is prepared for the readers’ convenience. When there are any discrepancies between theoriginal Japanese version and English translation version, the original Japanese version always prevails.

Scope1: Direct greenhouse gas emissions by the reporting company itself (e.g., fuelcombustion, industrial process)Scope2: Indirect emissions from the use of electricity, heat, or steam supplied by others.
Scope3: Indirect CO2 emissions that occur in the supply chain other than Scope1 andScope2 emissions
About the Meiji Group’s Sustainability Activities
As the corporate group operating the food and pharmaceutical businesses, the Meiji Group
adopted a new slogan, Now ideas for wellness, in fiscal 2021. We will support thefoundations of human life to live happily and healthily. Accordingly, we will contributesolutions to various health issues including eating nutritiously for better health, taking
medicines when sick, and getting vaccinations to prevent illness.
Reference information
Ministry of the Environment Press Release Materials (published on August 5, 2022)
Selection of Participating Companies Serving as Model Business for the Product andService Carbon Footprint Initiative (Japanese version only)
https://www.env.go.jp/press/109886_00001.html
Boston Consulting Group Press Release (published on August 5, 2022)
BCG Selects Participating Companies to Serve as Model Businesses for the Product andService Carbon Footprint Initiative (Japanese version only)
https://www.bcg.com/ja-jp/press/5august2022-cfp-recruitment-announcement-of-the-result
Boston Consulting Group Press Release (published on November 18, 2022)
BCG Supports Meiji Holdings on Carbon Footprint Calculations for Meiji Milk Chocolate as
Part of a Ministry of the Environment Project (Japanese version only)
https://www.bcg.com/ja-jp/press/18november2022-bcg-cfp-meiji
The Meiji Group’s Sustainability
https://www.meiji.com/global/sustainability/#####