Panasonic’s
Sustainability Management

January 6, 2022
Notes: 1. This is an English translation from the original presentation in Japanese.
2. In this presentation, “Fiscal 2022” or “FY22” refers to the year ending March 31, 2022.

Management Direction
Return to company’s founding mission
By returning to the company’s mission set in 1932,
we will strive to achieve “an ideal society withaffluence both in matter and mind"
First foundation day
ceremony held in1932

Thoroughly enhance competitivenessTo make contributions to customers and society,we will thoroughly practice our "Basic Business
Philosophy” at all operating companies
Basic Business Philosophy ofthe Panasonic Group(Panasonic website)© 2022 Panasonic Corporation

Copyright (C) 2022 Panasonic Corporation All Rights Reserved.

1

Mission of Panasonic

250-year plan (announced in 1932)- To achieve "an ideal society with affluence both inmatter and mind" within 250 years- This period consists of ten 25-year phases. In otherwords, we will achieve our goal over ten generations.
Responsibility to fulfil our mission is passed along
to succeeding employees, generation aftergeneration.
- This is not to sacrifice ourselves for the sake of thenext generation: We should enjoy a feeling of wellbeing in our life, and life must go on. Moreover, weaim to make conditions for the next generation evenbetter.

“Well-being” & “Sustainability”
are the roots of Panasonic’s mission
2© 2022 Panasonic Corporation

Outline of Basic Business Philosophy- Achieve an ideal society with affluence both in matter and mind
- Be unrivaled in accomplishing valued work (competitiveness)

ES- Return the profit earned as a result of such valued work to society
SocialEnvironment& employees- Implement autonomous responsible management & employee
entrepreneurship- Promote management, that maximizes the potential of humanresources, & participative management through collective wisdom

GGovernance- Uphold the principle of Fairness and Honesty

Basic Business Philosophy embodies
the way of thinking in sustainability management© 2022 Panasonic Corporation

Copyright (C) 2022 Panasonic Corporation All Rights Reserved.

3

Achieving Sustainability Management
Contribute to solving global environment issues

E- By 2030: Achieve net zero CO2 emissions at all
operating companies- By 2050: Contribute to reductions beyond CO2emissions from Panasonic’s own value chain

Environment

announced at CES

Support health & well-being of people both in mind &bodyS- Well-being in lifestyle- Well-being in workstyle
To achieve these aims, we must support the well-beingof our employees

SocialToward achieving an ideal society with affluence both in matter andmind, we will contribute to the progress and development of global
environment & quality of life4© 2022 Panasonic CorporationE

Toward a Carbon Neutral Society

Environment

Contributions to a carbon neutrality globally by accelerating“significantly improved energy savings” & “clean energytransformation”
Approx. 110 Mt (Panasonic’s global)

Equal to approx. 1% of total emissions
from global electricity consumption

2020

Factories/offices** 2.2 Mt

Procurement
16.56 Mt

CO2 emissions
from own value chain

Use ofsold products
85.93 Mt

Others 2.82 Mt

Scopes 1&2*
Scope 3*

Approx. 80%: lighting, air-conditioning& ventilation***2050
Significantly improved
energy savings

CO2 emissions
from own value chain

Size of contribution****
in reduction for society

Energy transformation
for society

Expand by significantlyとimproving
energy savings and徹底したエネルギー削減
クリーンエネルギー創出・利活用の拡大
increasing generation & effective use of clean energy* GHG (Green House Gas) is classified and assessed according to the GHG Protocol, the international calculation standard** At all operating companies *** Includes ceiling fans & electric fans**** Size of contributed reductions in CO2 outside of own value chain
Note: figure for size of emissions at Panasonic is based on FY21 and figure for size of emissions from global electric consumption
is based on year 2018
© 2022 Panasonic Corporation

Copyright (C) 2022 Panasonic Corporation All Rights Reserved.

5

Our Contributions toward a Carbon Neutral Society
LifestyleMore comfortable spaces& significantly improved
energy savings

E
Environment

Supply Chain
Combination of Blue Yonder
solutions & edge devices
at the gemba

Energy transformation
by electrification

Town

Mobility- Replace fossil fuels for vehicles- Contribute to spread of environmentfriendly vehicles

Hospitals, public facilities, factories & offices, etc.
Air conditioning system with lower
environmental impact by low power
consumption and use of water as
refrigerant

Factories using 100% renewableenergy toward full-fledged useof hydrogen6© 2022 Panasonic Corporation

Significantly Improved Energy Savings

EEnvironment

Achieve up to 30% energy savings* without compromising comfort- Set indices of “perception of brightness in spatial environment” from ourcomfortability R&D- Offer both comfort and energy savings with “light control technology” and “spatialpresentation with suitable lighting adjusted for appropriate environment”

Lighting

Down 35%
Energy consumption

Up to30%
reduction

FluorescentlightAirconditioning
ventilation

Amount ofenergy use

Switch toLEDReduction effect** Excludes effect switching from fluorescent light to LED

Approx. 40% energy savings** through innovation & combination ofequipment, etc.
- Expand “ENECHARGE” (waste-heat utilization technology in outdoor unit) tocooling functions- Minimize energy use by reducing heat loss in ventilation and combining equipment
Down

Without improvements
in energy savings**

2020

40%2030** 2030 reduction target if business grows without improvements in energy savings

Aim for greater energy savings
while offering more comfort in people's lifestyles© 2022 Panasonic Corporation

Copyright (C) 2022 Panasonic Corporation All Rights Reserved.

7EContributions to “Energy Transformation for Society”

Environment

Energy transformation by electrification-Hot water heat pump system, IH (induction)cooking equipment, etc.

Reduce emissions though effective use of energy- Use waste heat from cogeneration for absorption chiller system with lower
environmental impact (low power consumption and use of water as refrigerant)- Achieved 17% reductions in CO2 emissions (case study at Panasonic facility), withplan to roll out absorption chiller system to other Panasonic group facilities
Electrical
Generator

Electricity

Case study at aPanasonic facilityDown

Hot water17%Gas engine
Powergeneration

Steam

Fuel cell

CO2Emissions

Heating
Waste heat usage

Gas turbine

Biomass

Waste
heat

CoolingWith gas boiler
using steam

With cogeneration systemusing waste heat

Figures: estimated target for FY22. (based rate is FY19)

Contributions to CO2 reductions & energy savings for localcommunities (hospitals, public facilities, factories, etc.)© 2022 Panasonic Corporation

Contributions to “Energy Transformation for Society”

8E
Environment

Automotive batteries for environment-friendly
vehicles- Thoroughly enhance competitiveness(battery capacity, cost and supply capability)- Contribute to spread of environment-friendly
vehicles by reducing environmental impact witha total approach for re-using and recycling

RE100 solutions with hydrogen technology- Start testing new systems in spring of 2022
(combining pure hydrogen fuel cell generator, solar
power generation and storage battery system)- Explore possible expansion of renewable energy
with full-fledged utilization of hydrogen

Achieving a carbon neutral society through wide-ranging"contributions in CO2 reductions for customers"© 2022 Panasonic Corporation

Copyright (C) 2022 Panasonic Corporation All Rights Reserved.

9Contributions to a Circular SocietyEEnvironment

Establish circular economy business model
for recycled resin in home appliances- Technological evolution in recovering chemical
properties & elongating life span of recycled resinby high-level purifying and compounding- Enhance quality in all processes related to resource
recycling

Contribute to a circular society withlong-life batteries- Promote recycling in both production and end-of-life
phases- Technological evolution in controlling charge/discharge
according to conditions to prolong battery life

Contributions to a sustainable global environment:e.g., circular economy in manufacturing & prolonged product life10© 2022 Panasonic Corporation

Well-being in Lifestyle

SSocialCreate valuable time for busy parents &the family- Yohana Membership launched in Seattle, USA- Be a partner for busy parents overloaded with afast-paced life through personal assistant service
supported by latest technology and local experts

Support each individual and offer a lifestyleenriched with long-lasting heath- Town-developing business for elderly people
launched in China- Automated monitoring of health conditions forresidents in day-to-day living- Automated control system for residential spaceand concierge-type service

Support well-being of people
with more room in one's mind and a healthier lifestyle© 2022 Panasonic Corporation

Copyright (C) 2022 Panasonic Corporation All Rights Reserved.

11

Well-being in Workstyle

SSocialReform workstyle with more efficient businessprocesses and labor-shortage solutions- Accelerate autonomous supply chain solutions
that help improve gemba (operational frontlines)by combing Blue Yonder's solutions andPanasonic's edge devices- Contribute to saving natural resources andreducing food waste

Offer a livelier, heathier work environment- Create workplaces conducive to the new normal“worXlab”- Optimize office space from user's perspective by
analyzing workers' vital signs, location information,and conversation behavior, as well as utilizing dataon work environment and facilities

Support well-being in workstylewith a safe, comfortable and worker-friendly gemba
12© 2022 Panasonic Corporation

Well-being of Employees

SSocial

Implement overhaul of HR system
toward achieving better work-life balance- Introduce 4-day work week system (optional)
Employees can take up side jobs, self-improvement activities, local
volunteer work, etc.

- Move to the next step in work-from-home system
Provide options for employees posted away from family and retain
employees whose partners are transferred to another location- Revise appraisal system, promotion & screening system
 Maintain work-life balance for employees having diverse values
 Support challenges taken up by individuals

Harmonize each employee’s lifestyle and workstyle to:• make the most out of diversity• enhance Group-wide competitiveness© 2022 Panasonic Corporation

Copyright (C) 2022 Panasonic Corporation All Rights Reserved.

13

Governance that Supports Sustainability ManagementGGovernanceTransition to new medium/long-term strategy
focusing on sustainability

Operating Companies:- Enhance competitiveness with both strategy and operational capabilities(indispensable to each other), based on the solutions to societal andenvironment issues, envisaging a 10-year horizon- Significantly increased empowerment to execute more wide-ranging
autonomous management

Holding Company:- Ensure and support KPIs (non-financial) for competitiveness at eachbusiness and thoroughly discuss this with operating companies- Establish Sustainability Management Committee (chaired by Group CEO):
Plan measures to take as a Group and support their execution- Link remuneration of board members and others to evaluation from theperspective of sustainability© 2022 Panasonic CorporationCopyright (C) 2022 Panasonic Corporation All Rights Reserved.

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Disclaimer Regarding Forward-Looking Statements
This presentation includes forward-looking statements about Panasonic and its Group companies (the Panasonic Group). To the extent
that statements in this presentation do not relate to historical or current facts, they constitute forward-looking statements. These forwardlooking statements are based on the current assumptions and beliefs of the Panasonic Group in light of the information currently available
to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause thePanasonic Group's actual results, performance, achievements or financial position to be materially different from any future results,performance, achievements or financial position expressed or implied by these forward-looking statements. Panasonic undertakes noobligation to publicly update any forward-looking statements after the date of this presentation. Investors are advised to consult any further
disclosures by Panasonic in its subsequent filings under the Financial Instrument and Exchange Act of Japan (the FIEA) and other publicly
disclosed documents.
The risks, uncertainties and other factors referred to above include, but are not limited to, economic conditions, particularly consumer
spending and corporate capital expenditures in the Americas, Europe, Japan, China and other Asian countries; volatility in demand forelectronic equipment and components from business and industrial customers, as well as consumers in many product and geographicalmarkets; the possibility that the spread of the novel coronavirus infections may adversely affect business activities of the Panasonic Group;
the possibility that excessive currency rate fluctuations of the U.S. dollar, the euro, the Chinese yuan and other currencies against the yen
may adversely affect costs and prices of Panasonic’s products and services and certain other transactions that are denominated in these
foreign currencies; the possibility of the Panasonic Group incurring additional costs of raising funds, because of changes in the fundraising environment; the possibility of the Panasonic Group not being able to respond to rapid technological changes and changing
consumer preferences with timely and cost-effective introductions of new products in markets that are highly competitive in terms of bothprice and technology; the possibility of not achieving expected results or incurring unexpected losses in connection with the alliances ormergers and acquisitions; the possibility of not being able to achieve its business objectives through joint ventures and other collaborative
agreements with other companies, including due to the pressure of price reduction exceeding that which can be achieved by its effort anddecrease in demand for products from business partners which Panasonic highly depends on in BtoB business areas; the possibility of notachieving expected benefits in connection with the transition to a new organizational system in which Panasonic is a holding company; thepossibility of the Panasonic Group not being able to maintain competitive strength in many product and geographical areas; the possibilityof incurring expenses resulting from any defects in products or services of the Panasonic Group; the possibility that the Panasonic Groupmay face intellectual property infringement claims by third parties; current and potential, direct and indirect restrictions imposed by othercountries over trade, manufacturing, labor and operations; restrictions, costs or legal liability relating to laws and regulations or failures ininternal controls; fluctuations in market prices of securities and other financial assets in which the Panasonic Group has holdings orchanges in valuation of non-financial assets, including property, plant and equipment, goodwill and deferred tax assets; future changes orrevisions to accounting policies or accounting rules; the possibility of incurring expenses resulting from a leakage of customers’ or
confidential information from Panasonic Group systems due to unauthorized access or a detection of vulnerability of network-connected
products of the Panasonic Group; as well as natural disasters including earthquakes, prevalence of infectious diseases throughout theworld, disruption of supply chain and other events that may negatively impact business activities of the Panasonic Group. The factors
listed above are not all-inclusive and further information is contained in the most recent English translated version of Panasonic’s
securities reports under the FIEA and any other documents which are disclosed on its website.

Copyright (C) 2022 Panasonic Corporation All Rights Reserved.