Verification Opinion

20 October 2023
Opinion No：SGS23/010

Mr. Koichi ItoPresident
Toyota Industries Corporation
2-1, Toyoda-cho, Kariya-shi, Aichi

Objective
SGS Japan Inc. (hereinafter referred to as "SGS") was commissioned by Toyota Industries Corporation(hereinafter referred to as "the Organization") to conduct independent verification based on Criteria of Verification(ISO14064-3: 2019 and the SGS verification protocol) regarding the data prepared by the Organization on thescope of verification (hereinafter referred to as “the Statement”). The objective of this verification is to confirm that
the Statement in the Organization's applicable scope has been correctly calculated and reported in the Statement
in conformance with the criteria, and to express our views as a third party. The Organization is responsible for thepreparation and fair presentation of the Statement.

Scope
The scope of verification is Scope 1 and 2 emissions, energy consumption, and Scope 3 emissions, amount ofwater withdrawal, Water withdrawal per unit of sales, amount of water discharge and waste volume.
The period subject to report is from 1 April 2022 to 31 March 2023.
Refer to the attached sheet for the detailed scope of verification.

Procedure of VerificationThe Statement was verified in accordance with Criteria of Verification, and the following processes wereimplemented at a limited level of assurance:
Verification of the calculation system: Interviews on the measurement, tabulation, calculation, and reporting
methods employed by the Organization as well as review of related documents and records
Verification of the Statement: On-site verification and voucher review conducted at Toyota Industries
Corporation Hekinan Plant and HANDA Casting Company, and analytical procedures and interviews for theother sites in the scope of verification carried out at Kyowa Plant
The criteria for this review are based on the GHG Emissions Calculation and Reporting Manual (Ver.4.9), GHG
protocol, Environmental performance indicator totalizing procedure (the emission factors included) and TICOENGINEERING STANDARD specified by the Organization, Guidelines on Accounting for Greenhouse Gas
Emissions throughout the Supply Chain, Ver. 2.4, Emission Factor Database on the same Accounting Ver. 3.3 andIDEA v3.2.

Conclusion
Within the scope of the verification activities employing the methodologies mentioned above, nothing has come toour attention that caused us to believe that the Organization's Statement was not calculated and reported inconformance with the criteria.
SGS Japan Inc. affirms our independence from the Organization, being free from bias and conflicts of interest withthe Organization.
For and on behalf of SGS Japan Inc.
Yokohama business Park North Square Ⅰ
134, Godo-cho, Hodogaya-ku,Yokohama
Knowledge
Management Committee Member
Head of Certification/Accreditation

Yuji Takeuchi

1/3This document is issued by the Company under its General Conditions of Service accessible at www.sgs.com/terms_and_conditions.htm.
Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein. Any holder of this document is advised that information contained hereon
reflects the Company's findings as the time of its intervention only and within the limits of Client's instruction, if any. The Company's sole responsibility is to Client and thisdocument does not exonerate parties to transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery orfalsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

Attached file
20 October 2023
Opinion No：SGS23/010

The details of the scope of verification
The scope
1
The performance data Scope
1 and 2 include energy
related greenhouse gasemissions.
Energy consumption*Excluding the vehicles
which run outside of the sites
2Scope 3
The total of Category 1, 2, 3,4, 5, 6, 7, 11, 12, 15
2-1 Scope 3
Category 1

2-2 Scope 3
Category 2, 15
2-3 Scope3
Category 3

2-4 Scope3
Category 4

2-5 Scope3
Category 5

2-6 Scope 3
Category 6, 7, 11, 12

The boundary
10 production sites of theOrganization,
14 domestic consolidated companies(21 production sites) and 25 overseas
consolidated companies (32production sites)

The statement
Scope 1: 222,274 t-CO2
Scope 2 Location based:
680,896 t-CO2
Scope 2 Market based:
535,666 t-CO2

The boundary of 2-1, 2-2, 2-3, 2-4, 2-5,
and 2-6

37,748,548 t-CO2

Procurement for products by theOrganization and the consolidated
companies*Excluding products for which
production is outsourced
The Organization

4,231,008 t-CO2

10 production sites of theOrganization,
14 domestic consolidated companies(21 production sites) and 25 overseas
consolidated companies (32production sites)
The procurement transportation for theproducts of the organization andconsolidated companies and the scope
specified by the Organization for thedownstream transportation for which
the Organization and consolidated
companies are the consignor**Includes transportation which thebuyer is the shipper*Excludes transportation for productsthat are outsourced for manufacturing.
10 production sites of theOrganization and 14 domestic
consolidated companies (21production sites)
The Organization and the consolidated
companies

136,310 t-CO2

Category 2: 384,274 t-CO2
Category 15: 566,242 t-CO2

244,410 t-CO2

1,341 t-CO2

Category 6: 11,602 t-CO2
Category 7: 41,575 t-CO2
Category 11: 32,090,131 t-CO2
Category 12: 41,655 t-CO2

2/3
This document is issued by the Company under its General Conditions of Service accessible at www.sgs.com/terms_and_conditions.htm.
Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein. Any holder of this document is advised that information contained hereon
reflects the Company's findings as the time of its intervention only and within the limits of Client's instruction, if any. The Company's sole responsibility is to Client and thisdocument does not exonerate parties to transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery or
falsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.

Attached file
20 October 2023
Opinion No：SGS23/010

The details of the scope of verification
The scope
3 The amount of water
withdrawal, Water
withdrawal per unit ofsales*1, The amount ofwater discharge
4The boundary
10 production sites of the Organization,
14 domestic consolidated companies(21 production sites) and 25 overseas
consolidated companies (32 productionsites)

Waste volume

The statement
The amount of water withdrawal:
4,644 thousand m3
Water withdrawal per unit of sales*1:
13.7 thousand m3/10billon yen
The amount of water discharge:
3,453 thousand m3
69,691 t

10 production sites of the Organizationand 14 domestic consolidated
companies (21 production sites)*1 The scope of sales is within the Organization and the consolidated companies.

3/3This document is issued by the Company under its General Conditions of Service accessible at www.sgs.com/terms_and_conditions.htm.
Attention is drawn to the limitation of liability, indemnification and jurisdiction issues defined therein. Any holder of this document is advised that information contained hereon
reflects the Company's findings as the time of its intervention only and within the limits of Client's instruction, if any. The Company's sole responsibility is to Client and thisdocument does not exonerate parties to transaction from exercising all their rights and obligations under the transaction documents. Any unauthorized alteration, forgery orfalsification of the content or appearance of this document is unlawful and offenders may be prosecuted to the fullest extent of the law.