Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Welcome to your CDP Climate Change
Questionnaire 2023

C0. Introduction
C0.1(C0.1) Give a general description and introduction to your organization.
Fuji Seal Group started manufacturing and selling cap seals in 1958. Since that time, we havecontinuously developed our products in response to changes in customers, markets, andproduct containers. Fuji Seal provides shrink sleeve labels, self-adhesive labels (pressure
sensitive labels), spouted pouches, and packaging machinery on a global scale. Utilizing thetechnology and capabilities of the Group, we provide total packaging solutions to meet ourcustomers needs in a wide range of areas, such as food, beverages, dairy, home & personalcare and pharmaceutical products.
・Shrink Sleeve Labels
Fuji Seal is a global pioneer in the development of distinctive shrink labels, a core product ofits business. Utilizing the characteristics of film, which shrink when heat is applied, Fuji Seal’s
unique shrink sleeve labels are able to fit perfectly to containers of any shape or material.
Applying attractive printing and various processing techniques to transparent plastic film, Fuji
Seal shrink sleeve labels become the face of customer products. Our shrink sleeve labels
contribute to product quality as well as further environmental protection efforts thanks to theaddition of special functions such as light-shielding and weight-saving.
・Self-adhesive Labels (Pressure Sensitive Labels)
Self-adhesive labels are pre-glued labels that are also known as pressure sensitive labels. Fuji
Seal's self-adhesive labels contribute to the promotion of customer products. Our POP (point ofpurchase) labels and campaign seals enhance the effectiveness of store advertising. Our selfadhesive labels also boast a high share of the battery label market. With the addition of Pago to
the Group, we will offer a wider range of self-adhesive label solutions on a global scale.
・Soft Pouches (Spouted Pouches)
Soft Pouches, which are generally called spouted pouches, combine the features of a flexible
pouch with the functionality of bottles. In addition to their lightweight and space-saving features,the attachment of spouts to soft pouches makes packaging more user friendly. Helping to
reduce waste after use, spouted pouches are used in a wide array of areas, such as
beverages, food, home & personal care and pharmaceuticals.
・Machinery
Fuji Seal listens attentively to customer needs and proposes an optimized combination of
packaging machinery such as label feeders, label applicators and peripheral production line
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

equipment. We provide technical support and services at every location to meet global
demands.

C0.2(C0.2) State the start and end date of the year for which you are reporting data andindicate whether you will be providing emissions data for past reporting years.
Reporting year
Start date
April 1, 2022

End date
March 31, 2023

Indicate if you are providing emissions data for past reporting years
No

C0.3(C0.3) Select the countries/areas in which you operate.
FranceGermany
India
Indonesia
Italy
Japan
MexicoNetherlands
PolandSpain
Thailand
United Kingdom of Great Britain and Northern Ireland
United States of America
Viet Nam

C0.4(C0.4) Select the currency used for all financial information disclosed throughout yourresponse.
JPY

C0.5(C0.5) Select the option that describes the reporting boundary for which climaterelated impacts on your business are being reported. Note that this option shouldalign with your chosen approach for consolidating your GHG inventory.
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Financial control

C0.8(C0.8) Does your organization have an ISIN code or another unique identifier (e.g.,
Ticker, CUSIP, etc.)?
Indicate whether you are able to provide a unique identifier foryour organization
Yes, an ISIN code

Provide your unique
identifierJP3813800004

C1. GovernanceC1.1(C1.1) Is there board-level oversight of climate-related issues within yourorganization?
Yes

C1.1a
(C1.1a) Identify the position(s) (do not include any names) of the individual(s) on theboard with responsibility for climate-related issues.
Position ofindividual orcommittee

Responsibilities for climate-related issues

Board Chair

Fuji Seal Group has established the group sustainability committee in December,2020 to promote and support sustainability management, including addressing
climate change issues. The group sustainability committee is chaired by the FSI
President, and consists of all executive officers as members, and as its
subordinate body, the FSI sustainability subcommittee has also been established.
Each region hosts a regional sustainability committee chaired by an executive
officer in charge of the region, who is responsible for developing group policies,
establishing and operating an implementation system, and executing measures.
<Board of Directors>
The Board of Directors is responsible for determining policies and regulations
related to sustainability management for the entire group, setting targets andpromotion plans, and determining promotion systems, as well as monitoring andsupervising the activities of the group sustainability committee. The Board Chair is
responsible for leading them.
The Board of Directors also determines the greenhouse gas reduction targets set
in the current medium-term management plan, as well as the development ofenvironmentally friendly products that also contribute to greenhouse gas reduction
and the reduction of waste that is not effectively utilized.
＜Group Sustainability Committee>
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

The group sustainability committee, as the center of the sustainability managementin the group, is responsible for reviewing and formulating basic policies (including
materiality reviews), submitting and reporting action plans and results, and othersustainability-related matters to the Board of Directors, and managing andmonitoring the progress of sustainability management.
＜FSI Sustainability Subcommittee>
The FSI sustainability subcommittee is responsible for supporting the deliberations
and activities of the group sustainability committee by drafting and proposing basic
policies, etc. to the group sustainability committee, by managing and monitoring
the progress of KPIs for each policy and region, and by implementing CO2
reduction and various policies.

C1.1b(C1.1b) Provide further details on the board’s oversight of climate-related issues.
Frequency with
Governance
Please explain
which climatemechanisms into
related issues are which climate-related
a scheduledissues are integrated
agenda item
Scheduled – some Overseeing major
meetings
capital expenditures

Considering the risks and opportunities associated withclimate change, marine plastic issues, and resource
depletion, the Board of Directors has deliberated andReviewing
formulated the latest medium-term management planinnovation/R&D(announced in February 2021) and determined newpriorities
Reviewing and guiding environmental KPIs, which include increasing the sales
ratio of environmentally friendly products, reducing
strategy
CO2 emissions and waste. The Board of Directors
Overseeing andchecks progress of the initiatives, provides guidance toguiding theofficers in each region, and supervises each initiative
development of aand oversees major capital expenditures with respecttransition plan
to these goals and risk management at each meeting of
Monitoring thethe Board of Directors.
implementation of atransition plan
Overseeing andguiding scenario
analysis
Overseeing the settingof corporate targets
Monitoring progress
towards corporate
targets
Overseeing value
chain engagement
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Reviewing and guiding
the risk management
process

C1.1d(C1.1d) Does your organization have at least one board member with competence on
climate-related issues?
Board member(s)have competence
on climate-related
issuesRow Yes1

Criteria used to assess competence of board member(s) on
climate-related issues

The Company transitioned to a "Company with Nominating Committee,etc." (then called "Company with Committees") in June 2004 in order to(1) strengthen the governance of the entire group management, (2)improve management transparency for shareholders and investors, (3)clarify the roles of each operating company and group management
and improve the efficiency and quality of group strategies, and (4)utilize outside directors to broaden the perspective of the company's
strategy and speed up the response to change. The Nominating
Committee is responsible for the appropriate management of theGroup. The Nominating Committee considers and decides on theselection and dismissal of directors and executive officers in light of theselection criteria, etc., with the aim of contributing to the establishmentof an appropriate management structure for the Group. In order to be acompany that contributes to the realization of a sustainable society by
resolving ESG issues through packaging, the Nominating Committee
appoints directors who are knowledgeable about and able to promotedecarbonization, eco-design, diversity, and work-life balance.
Specifically, our directors directly supervise and lead the developmentof environmentally friendly products, and host the Sustainability
Committee as a chairperson, which was established in 2020 to promoteand support FSG's sustainability management, and work together topromote sustainability management across the board.
The "Sustainability Environmental Management" section in the Director
Skill Chart on our website clearly states that two directors are able toserve the role.

C1.2(C1.2) Provide the highest management-level position(s) or committee(s) withresponsibility for climate-related issues.

Position or committee
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Chief Executive Officer (CEO)Climate-related responsibilities of this position
Managing annual budgets for climate mitigation activities
Managing major capital and/or operational expenditures related to low-carbon products
or services (including R&D)
Managing climate-related acquisitions, mergers, and divestitures
Developing a climate transition plan
Implementing a climate transition plan
Integrating climate-related issues into the strategy
Conducting climate-related scenario analysis
Setting climate-related corporate targets
Monitoring progress against climate-related corporate targets
Managing value chain engagement on climate-related issues
Assessing climate-related risks and opportunities
Managing climate-related risks and opportunities

Coverage of responsibilities

Reporting line
Reports to the board directly

Frequency of reporting to the board on climate-related issues via thisreporting line
More frequently than quarterly

Please explain'Under the direction of CEO, the following are working on climate-related issues: four
Executive Officers for Regions, who are responsible for the execution of operations ineach Region, as well as Executive Officers responsible for Shrink Label Business ,Pressure Sensitive Label Business, Spout Pouch Business, and Machinery Business,and Executive Officer responsible for Development to manage each business andfunction.
Under the supervision of Board of Directors, the group sustainability committee, chairedby CEO and President of Fuji Seal International (FSI), sets environmental targets, which
include increasing the sales ratio of environmentally friendly products, reducing CO2
emissions and waste, promotes action plans, monitors progress, and evaluatesachievements, to relevant to the assessment of climate-related risks and opportunities.
It is composed of executive officers and meets four times a year at the same time as
Executive Officers meetings. In addition, FSI sustainability subcommittee has been
established as a subordinate organization of the committee, and is responsible fordrafting basic policies and other proposals to the committee, managing and monitoring
the progress of each policy and region's KPI and other indicators, and operating CO2
reduction and various policies.
In addition, each region has a region sustainability committee chaired by an executive
officer in charge of the region, who is responsible for developing group policies, building
and operating an implementation system, and executing measures.
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Executive Officers responsible for Regions report how they address environmental
issues at Board of Directors meetings and in monthly reports).
Executive Officers for Business Sectors are responsible for promoting the reduction of
the environmental impact from manufacturing processes, and monitors them as part oftheir duties. In addition, the executive officer for business sector needs to take the leadto identify and promote new product development, etc. in point of reduction
environmental impact and obtainment climate change oppotunity. CEO is responsible
for monitering progress of new developments that contributes to reducing
environmental impact and their budget for it, through meetings and deliberations inregular development meetings four times a year.

C1.3(C1.3) Do you provide incentives for the management of climate-related issues,
including the attainment of targets?
Provide incentives
for the managementof climate-related
issuesRow Yes1

Comment

The "performance-linked compensation" has been introduced to its
executive officers. The percentage of total remuneration varies from
0% to 30%, and the calculation items include consolidated net sales
and operating income ratio for a single year, financial indicators
important for management strategy, and non-financial indicators suchas environmental indicators and human resource development. We
also provide "restricted stock compensation" as a medium- to longterm incentive to executive officers in order to share the same values
with our shareholders and to sustainably enhance the corporate valueof the Group. Our vision for sustainable enhancement of corporate
value is "Delivering value that is friendly to people and theenvironment," which is also related to our efforts to address climatechange-related issues.

C1.3a(C1.3a) Provide further details on the incentives provided for the management ofclimate-related issues (do not include the names of individuals).

Entitled to incentive
Chief Executive Officer (CEO)Type of incentive
Monetary reward

Incentive(s)7Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Bonus - % of salary
SharesPerformance indicator(s)Increased share of revenue from low-carbon products or services in product or service
portfolio

Incentive plan(s) this incentive is linked to
Both Short-Term and Long-Term Incentive Plan

Further details of incentive(s)The Company has introduced "performance-linked compensation" for its Executive
Officers. The percentage of total compensation varies within a range of 0% to 30%, andcalculation items include consolidated sales and operating income ratio for a single
fiscal year, financial indicators important for management strategy, and non-financial
indicators such as environmental indicators and human resource development. The
environmental indicators are calculated based on the percentage of achievement of
single-year targets set in the medium-term management plan for the ratio of sales ofenvironmentally friendly products (100% of sales of environmentally friendly products,
50% of sales of recyclable designed products, and 20% of sales of products made fromrecycled materials). We also provide "restricted stock compensation" as a medium- tolong-term incentive to executive officers in order to share the same values with ourshareholders and to sustainably enhance the corporate value of the Group. Our vision
for sustainable enhancement of corporate value is "Delivering value that is friendly topeople and the environment," which is also related to our efforts to address climatechange-related issues.

Explain how this incentive contributes to the implementation of yourorganization’s climate commitments and/or climate transition plan
Under the vision of "Delivering value that is friendly to people and the environment", thisincentive, which encourages the deployment of low-carbon products such as thosederived from plant-derived and recycled materials, as well as products that can reduceenergy use during manufacturing, transportation, customer use, and disposal, willcontribute to reducing greenhouse gas emissions throughout the supply chain.

Entitled to incentive
Executive officer

Type of incentive
Monetary reward

Incentive(s)Bonus - % of salary
SharesPerformance indicator(s)8Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Increased share of revenue from low-carbon products or services in product or service
portfolio

Incentive plan(s) this incentive is linked to
Both Short-Term and Long-Term Incentive Plan

Further details of incentive(s)The Company has introduced "performance-linked compensation" for its Executive
Officers. The percentage of total compensation varies within a range of 0% to 30%, andcalculation items include consolidated sales and operating income ratio for a single
fiscal year, financial indicators important for management strategy, and non-financial
indicators such as environmental indicators and human resource development. The
environmental indicators are calculated based on the percentage of achievement of
single-year targets set in the medium-term management plan for the ratio of sales ofenvironmentally friendly products (100% of sales of environmentally friendly products,
50% of sales of recyclable designed products, and 20% of sales of products made fromrecycled materials). We also provide "restricted stock compensation" as a medium- tolong-term incentive to executive officers in order to share the same values with ourshareholders and to sustainably enhance the corporate value of the Group. Our vision
for sustainable enhancement of corporate value is "Delivering value that is friendly topeople and the environment," which is also related to our efforts to address climatechange-related issues.

Explain how this incentive contributes to the implementation of yourorganization’s climate commitments and/or climate transition plan
Under the vision of "Delivering value that is friendly to people and the environment", thisincentive, which encourages the deployment of low-carbon products such as thosederived from plant-derived and recycled materials, as well as products that can reduceenergy use during manufacturing, transportation, customer use, and disposal, willcontribute to reducing greenhouse gas emissions throughout the supply chain.

C2. Risks and opportunities
C2.1(C2.1) Does your organization have a process for identifying, assessing, andresponding to climate-related risks and opportunities?
Yes

C2.1a
(C2.1a) How does your organization define short-, medium- and long-term time
horizons?
From(years)To(years)Comment

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Short-term 02Mediumterm

52Long-term 5Longer term means more than five years for us, and we do not
specify an end date as we are conscious of sustainability in the
future.

C2.1b
(C2.1b) How does your organization define substantive financial or strategic impact
on your business?
A significant financial or strategic impact is defined as an event that results in the suspension offactory operations for seven or more consecutive days or an impact of 300 million yen or morein terms of sales. Such an event would cause the inability to provide a stable supply of our label
or pouch products, both in normal times and in emergencies, to those products that are
positioned as part of our Essential Business, which are essential to society. One example ofthis is the restriction on the supply of product labels, including those for essential businesses,
after the Great East Japan Earthquake in 2011. The scope of the impact can include both
direct operation and supply chains, where we would not be able to carry out our manufacturing
activities in the normal course of business, from purchasing raw materials to manufacturing
products and shipping them to our customers. This would result in a significant expenditure toaddress potential or actual risks, a significant decrease in revenues due to emerging risks, anda reduction in business over the medium to long term.

C2.2(C2.2) Describe your process(es) for identifying, assessing and responding to climaterelated risks and opportunities.

Value chain stage(s) covered
Direct operations

Risk management process
Integrated into multi-disciplinary company-wide risk management process

Frequency of assessment
More than once a year

Time horizon(s) covered
Short-term
Medium-termLong-term

Description of process

10Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Description of the process of climate-related risk management:
Using our proprietary "risk map" method, risk assessment is carried out regularly forclimate-related risks as a main part of risk management.
1) Create a risk map by evaluating the degree of impact and the likelihood of occurrence
for each possible risk to visualize their importance.
2) Estimate the impact and occurence of each risk item onto management over the
short, medium, and long terms. Then, identify the most important risk items anddetermine their priority as a part of risk assessment.
3) The updated risk map is reviewed and approved by the Board of Directors multiple
times a year, and each division and region then formulates and implements
countermeasures to manage their own risks based on the approved risk map.
Description of the process of managing climate-related opportunities:(1) At the end of every fiscal year, the impact of each opportunity and feasibility of action
are reviewed in a global development meeting attended by R&D members from eachregion, and key opportunity items are identified based on customer/market needs andtechnical challenges.
(2) The identified key opportunity items are reviewed by Board of Directors andapproved as global development projects.
(3) The remained development proposals are handled by the relevant regional
development departments as local development projects.
Case Studies/Examples of Process Application to Physical Risks
In recent years, extreme weather events such as typhoons and torrential rains haveincreased due to climate change. These physical risks are defined in our Risk Map 2022
as moderate in impact and low in frequency. Therefore, we mitigate the identified risks
by applying insurance coverage against such natural disasters.
In fact, the torrential rains in Hiroshima in June 2018 caused a significant damage to acustomer's factory and a subcontractor located near the factory, while ourmanufacturing machinery installed at the subcontractor was also damaged by thefloods. The damage, which amounted to 246 million yen, was fully covered byinsurance, which helped to minimize the financial damage.
Case Study/Example of Applying the Process to Transitional Opportunities
We see the development of new markets by solving problems related to climate change
as one of the major opportunities. Anticipating the market impact of reducing CO2
emissions in our customers' production and delivery, we decided to follow ouropportunity management process to develop a higher volume-efficiency pouch. As aresult, we succeeded in developing "Fuji Pouch" (a bottle-like soft pouch with a faucet)
and its production machinery in Japan. Compared to conventional bottle containers, Fuji
Pouch can reduce the amount of plastic used by more than 70%, and with a 50%
improvement in volumetric efficiency, it can also improve transportation efficiency by
50%, contributing to CO2 reduction. These products were launched in the market in2016 and are widely used in daily necessities such as shampoo, conditioner, and foodproducts, and have been adopted by many customers including major global customers

11Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

who are focusing on environmental measures such as climate change, as they cangreatly contribute to reducing the weight and weight of containers.

C2.2a(C2.2a) Which risk types are considered in your organization's climate-related risk
assessments?
Relevance & Please explain
inclusion
Current
regulation

Relevant,
alwaysincludedAccording to the risk map for fiscal 2022 approved by Board of
Directors, among the climate-related risks, inappropriate responses tolegal and regulatory issues are considered to have high impact onmanagement and moderate likelihood of occurrence.
For this reason, regional environmental managers monitor GHG
emissions and energy use in accordance with the laws and regulations
in each country or region, under the direction of the executive officer incharge of each region (Japan, America, Europe and ASEAN).
However, if changes in laws and regulations, such as CFC emission
control laws and energy conservation laws, were to be made, there
would be a risk that our business, financial condition and operational
results may be affected materially and adversely if we fail to takeappropriate actions.
For example, if these environmental standards were to reduce allowedemission levels of hazardous substances that we currently report forunder the PRTR Act, we may be required to install more sophisticatedtreatment equipment, which could have an adverse financial impact. In
addition, we pay an annual recycling fee of approximately 30 million
yen as a consignment fee for packaging recycling under the Containers
and Packaging Recycling Law, but if this fee were to increase due tofurther emission controls or mandatory recycling in order to mitigate
climate change, there would be a risk that our financial condition could
be affected adversely. For example, in UK a plastic packaging tax
comes into effect in April 2022, imposing a tax of 200 pounds per ton if
the recycled material content is lower than 30%. In addition, if we wereunable to comply with these laws and regulations, there would be a riskthat our reputation for corporate social responsibility could bedamaged, resulting in decline of our sales turnover.

Emerging
regulation

Relevant,
alwaysincludedAccording to the risk map for fiscal 2022 approved by Board of
Directors, among the climate-related risks, inappropriate responses tolegal and regulatory issues are considered to have high impact onmanagement and moderate likelihood of occurrence.
While we generally benefit from enhanced regulations of ourcustomers' products, demand for our services and products could be
adversely affected by amendments or repeals of laws or changes inregulatory enforcement policies regarding those laws. An example of12

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

regulations that may affect our business is the financial impact risk fromcarbon taxes. If a carbon price is implemented to the levelrecommended by the Carbon Pricing Leadership Coalition ("CPLC")($40 to $100 per tonne of CO2 in 2030), an additional annual
expenditure of approximately 0.7-1.6 billion yen would be required,
which would impact our financial status significantly.
In addition, there is a risk that our business, which manufactures andsells labels for PET bottle beverage, will be significantly affected by thecertification of environmentally friendly products and the requirement
for businesses to reduce emissions and recycle resources under the
Law Concerning the Promotion of Resource Recycling of Plastics,
which went into effect in April 2022. Therefore, under the leadership ofthe Executive Officer, we are working to reduce the emission ofgreenhouse gases and strengthen the development and supply ofenvironmentally friendly products.
Technology

Relevant,
alwaysincluded

The risk map for fiscal 2022 approved by Board of Directors defines therisk of business transformation due to rising environmental issues,
including climate change, as having high impact on management andlow likelihood of occurrence.
Specifically, in the absence of technological innovation in such areas
as the development of low-carbon products and systems, we may not
be able to provide products that meet the standards demanded by themarkets and customers, which could lead to a decline in sales.
Therefore, investment in technological innovation, such as thedevelopment of low-carbon products and systems, is considered to be
the key to our market expansion, and the risks and impacts are
discussed at the global development meetings based on market
conditions, customer requirements and technical difficulties, with theBoard of Directors making the final decisions.

Legal

Relevant,
alwaysincludedAccording to the risk map for fiscal 2022 approved by Board of
Directors, among the climate-related risks, inappropriate responses tolegal and regulatory issues are considered to have high impact onmanagement and moderate likelihood of occurrence.
In this area, the risk is considered to be lawsuits from citizens and otherstakeholders due to inappropriate responses to CFC emission control
laws and energy conservation laws.
Therefore, under the direction of the executive officers in charge ofeach region (Japan, the United States, Europe and ASEAN), ourenvironmental and manufacturing managers are working to reduce
CFC and energy emissions in accordance with the laws andregulations in each country.

MarketRelevant,
alwaysincluded

The risk map for fiscal 2022 approved by Board of Directors defines therisk of business transformation due to rising environmental issues,
including climate change, as having high impact on management andlow likelihood of occurrence.
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

In this category, there is a possibility that the market shift to moresustainable packaging, such as biomass, which emits less CO2 in total
over its life cycle, will be more demanding and rapid, and there is also arisk of business continuity against a shift to paper products.
Therefore, we are introducing products such as RecShrinkTM, which
was developed as a recyclable plastic packaging label with lower
environmental impact to meet or exceed market expectations.
Reputation

Relevant,
alwaysincludedIn the risk map for fiscal 2022 approved by Board of Directors, among
the climate-related risks, reputational damage is identified as having
moderate impact on management and low likelihood of occurrence.
Poor publicity from investors, consumers, employees and otherstakeholders due to a lack of action on climate change issues could
result in a decline in stock value and employee shortages, among otherrisks.
IR, HR and corporate planning departments monitor this risk under theguidance of the CEO. And related key issues are discussed at board
meetings. The methods to disclose non-financial information of FSG
include statutory financial statements and business reports for General
Meeting of Shareholders, the publications in our website such as
Integrated Reports, Sustainability Reports and Environmental Reports
as well as environmental rating platforms such as CDP, EcoVadis andSedex.

AcutephysicalRelevant,
alwaysincluded

The risk map for fiscal year 2022 approved by Board of Directors
indicates that among climate-related risks, natural disasters, which arephysical risks of an urgent nature, have moderate impact onmanagement and low likelihood of occurrence.
Loss of sales due to inability to produce due to natural disasters suchas typhoons and floods, and loss of confidence due to inability tosupply essential products are considered as such risks.
Therefore, a business continuity plan is prepared under the direction of
CEO and discussed in Board of Directors.

Chronic
physicalRelevant,
alwaysincludedIn the risk map for fiscal 2022 approved by Board of Directors, chronic
physical risks have high impact on management and are considered tohave moderate likelihood of occurrence.
As our main product, shrink sleeve labels are made of heat-shrinkablefilm. One of the chronic physical risks where the average temperature
increases due to the greenhouse gas effect will make the productshrunk before use and therefore the product will lose its value as a
packaging product. This makes it impossible to supply products thatmeet the customer specifications, and there is a risk that we may be inbreach of contract with our customers and suppliers. To mitigate thisrisk, we continue to implement energy-saving activities such as
updating large energy-consuming production and air-conditioning
equipment and replacing lighting equipment with LEDs.

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

C2.3(C2.3) Have you identified any inherent climate-related risks with the potential to havea substantive financial or strategic impact on your business?
Yes

C2.3a
(C2.3a) Provide details of risks identified with the potential to have a substantive
financial or strategic impact on your business.

Identifier
Risk 1

Where in the value chain does the risk driver occur?
Direct operations

Risk type & Primary climate-related risk driver
Emerging regulation
Carbon pricing mechanisms

Primary potential financial impact
Increased indirect (operating) costs

Company-specific description
Demand for our services and products can be at risk of being adversely affected by theamendment or repeal of laws related to new regulations or changes in regulatory
enforcement policies.
According to the 1.5°C scenario, if the newly established carbon tax is levied at the levelof $135-245/t-CO2eq, it would result in an increase in expenditures of 2.8-5.0 billion yen
annually, assuming that the current emission levels are maintained, which could have asignificant impact on our business. Therefore, we have set a CO2 emission reduction
target for the entire Fuji Seal Group globally in the future, with the aim of achieving a 1%
reduction in emissions each year.
As a specific example, in 2022, the once-through boiler for the printing presses was
replaced at the Tsukuba Plant, which significantly reduced the use of city gas, resulting
in a 164 tons reduction in CO2 emissions.

Time horizon
Long-term

Likelihood
LikelyMagnitude of impact
High

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Are you able to provide a potential financial impact figure?
Yes, an estimated range

Potential financial impact figure (currency)

Potential financial impact figure – minimum (currency)
2,800,000,000

Potential financial impact figure – maximum (currency)
5,000,000,000

Explanation of financial impact figure
The financial impact is based on our CO2 emissions in 2022.
If the new carbon tax of $135-245/t-CO2eq is imposed on our CO2 emissions in Scope
1+Scope 2, and we maintain the emission level as it is, the new tax will result in an
additional USD21-38M/year where Scope 1+Scope 2=155,266t-CO2/year x USD135245/t-CO2, which is an additional payment of JPY 2.8-5.0 billion annually.

Cost of response to risk
2,758,000,000

Description of response and explanation of cost calculation
Under the direction of the executive officer in charge of each region (Japan, US, Europe,and ASEAN), environmental managers and production managers are working to reduceand control GHG emissions and energy consumption in order to comply with the laws
and regulations of each country. In particular, in order to reduce the use of organic
solvents, the main cause of CO2 emissions, and to reduce the risk of fires, the Grouphas been installing water-based printing equipment, and therefore, more than 2 billion
yen in capital investment of such equipment has been approved in the last 3 years inseveral regions. The breakdown is as follows: UK '17: 560 million, Japan '19: 780
million, Japan '20: 680 million, and the U.S. '20: 570 million.
In Japan, approximately 168 million yen in 2022 has been invested to reduce ourenvironmental impact, and as an example in 2022, the once-through boiler for printingpresses at our Tsukuba Plant was renewed, which resulted in a 164 tons reduction in
CO2 emissions due to reduced use of city gas. We are currently considering initiatives
to reduce Scope 3 CO2 emissions through renewable energy, procurement of non-fossil
certificates, and supply chain collaboration.

Comment

Identifier
Risk 2

Where in the value chain does the risk driver occur?
Downstream
16

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Risk type & Primary climate-related risk driver
Reputation
Increased stakeholder concern or negative stakeholder feedback

Primary potential financial impact
Decreased access to capitalCompany-specific description
Risks of poor reputation and reputational damage related to environmental issues suchas climate change are one of the risks identified in the risk map approved by Board of
Directors.
As institutional investors and shareholders around the world are increasingly interested
in ESG investments, there is a risk that delays in addressing climate change could leadto a decline in corporate value as well as in share price.
For example, foreign corporations and other financial institutions hold approximately
53.55% (March 2023) of the Company's shares, and if the Company's disclosure of risks
and opportunities related to climate change and its business strategy is inadequate,
there is a risk that these institutional investors could sell their shares and have asignificant impact on its market capitalization.

Time horizon
Medium-term

Likelihood
More likely than not

Magnitude of impact
High

Are you able to provide a potential financial impact figure?
Yes, a single figure estimate

Potential financial impact figure (currency)
4,960,000,000

Potential financial impact figure – minimum (currency)

Potential financial impact figure – maximum (currency)

Explanation of financial impact figure
The financial impact is calculated based on the Company's share price. If we are unable
to meet the environmental requirements of our stakeholders and are excluded frominvestments, there is a risk that our corporate value will decline and our share price will
decline.
If institutional investors were to sell their shares and the share price declined by 6%, thetotal market value as of March 2023 would be approximately 4.96 billion yen.

17

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Share price JPY1,510 x 6% x (number of shares issued 60,161,956 ₋ number oftreasury stock 5,391,436) = 4.96 billion yen (as of March 2023)

Cost of response to risk
44,000,000

Description of response and explanation of cost calculation
To avoid this risk, we will focus on demonstrating our commitment to climate change toinstitutional investors, and since 2019, we have conducted a third-party verification (at acost of 1.2 million yen) on CO2 emissions to understand the GHG emissions of theentire group and verify the energy consumption of 27 sites (13 overseas and 14
domestic sites). Before constructing a new plant in the U.S., an environmental
assessment (10 million yen) was conducted as part of the environmental due diligence
for a new model plant that embodies the vision of "human- and environment-friendly
company". In addition, a global environmental data collection platform was built in acloud-based system (8 million yen), and supplier questionnaires were digitized (10million yen) so that our business partners can enter the data at our website.
In addition, an external consultant (at a cost of approximately 15 million yen) was used
to further enhance the content of the integrated report.

Comment

Identifier
Risk 3

Where in the value chain does the risk driver occur?
Direct operations

Risk type & Primary climate-related risk driver
Acute physicalFlood (coastal, fluvial, pluvial, groundwater)

Primary potential financial impact
Increased indirect (operating) costs

Company-specific description
In recent years, climate change has led to an increase in typhoons, torrential rains, andother extreme weather events.
In Japan, which is particularly vulnerable to heavy rainfall, FSG has six plants in Nabari,
Tsukuba, Yuki, Yamagata, Ube, and Hyogo, and has a variety of customers and partnercompanies. There is a risk of damage to buildings, products and employees in theseareas due to extreme weather events caused by climate change and other factors.
We use Global Diagnostic Reports from insurance brokerage firms to assess the risk ofsuch natural disasters and physical risks (e.g., infectious diseases) at each site. Thisrisk information is then evaluated under the direction of CEO and reviewed by Board of18

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Directors.
Specifically, as a result of the heavy rainfall disaster in Hiroshima in June 2018, ourmanufacturing machinery located at our customer's plant and at a subcontractor locatednear our customer's plant was also damaged by flooding.
As a result, the machines were scrapped and we were forced to suspend production.
The damage caused by the flooding amounted to 246 million yen, but all of the damage
was covered by insurance and the financial impact was essentially zero.

Time horizon
Short-term

Likelihood
More likely than not

Magnitude of impact
Medium-high

Are you able to provide a potential financial impact figure?
Yes, an estimated range

Potential financial impact figure (currency)

Potential financial impact figure – minimum (currency)
300,000,000

Potential financial impact figure – maximum (currency)
700,000,000

Explanation of financial impact figure
Regarding the financial impact of the torrential rains that occurred in Hiroshima in June
2018, our manufacturing equipment installed at a customer's plant and at a
subcontractor located near the customer's plant was also damaged by flooding,amounting to 246 million yen. The "Global Diagnostic Report" indicated that production
sites in Thailand and Mexico are at risk of river flooding, and if similar damage were tooccur at our factories, we believe the damage would be more severe due to the size ofthe factories, so we have set compensation limits by multiplying theoretical damage
rates for assets including buildings, equipment, and inventory at each location.

Cost of response to risk
420,000,000

Description of response and explanation of cost calculation
The insurance structure is designed to provide adequate coverage for our businessconditions by adding a master policy as a supplement or rider to the local policies
tailored to the risks of each location. Property and profit insurance covers losses due todamage or business interruption to plants and machinery caused by natural disasters or
fire, and liability insurance covers damages caused to third parties as a result of ourbusiness operations. We also have several plants with similar production systems, and19

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

have a business continuity plan in place to ensure that in the event of an emergency, we
can supply all types of products globally, not only to the affected country, but also to allother regions. Premiums and brokerage fees in 2022: JPY420 million (Japan: JPY50
million, Global: EUR270k=JPY370million)

Comment

C2.4(C2.4) Have you identified any climate-related opportunities with the potential to havea substantive financial or strategic impact on your business?
Yes

C2.4a
(C2.4a) Provide details of opportunities identified with the potential to have asubstantive financial or strategic impact on your business.

Identifier
Opp1

Where in the value chain does the opportunity occur?
Direct operations

Opportunity type
Resource efficiency

Primary climate-related opportunity driver
Use of more efficient production and distribution processes

Primary potential financial impact
Increased revenues resulting from increased production capacity

Company-specific description
We have decided to build a new production facility in North Carolina, USA, in order torealize our vision "Delivering value friendly to people and the environment" and totransform our strength, total packaging services, into something with even higher added
value. The new plant will enhance production of environmentally friendly products andintroduce more people- and environment-friendly production equipment (new printing
methods with higher productivity). Specifically, the introduction of printing methods that
do not use organic solvents will reduce GHG emissions and create a more comfortable
work environment. In addition, the plant is expected to achieve operating income
profitability in the first year of operation through cost reductions achieved by productivity
improvements through automation. Part of the plant construction was financed by anenvironmental rating loan provided by Development Bank of Japan, Inc. During thescreening process, the company received a rating of "advanced in its commitment to20

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

environmental considerations". In the Americas, we continue to grow by taking
advantage of social and market changes as business opportunities, and we expect the
new plant to generate $110 million in sales annually.

Time horizon
Medium-term

Likelihood
Virtually certain

Magnitude of impact
Medium-high

Are you able to provide a potential financial impact figure?
Yes, a single figure estimate

Potential financial impact figure (currency)
14,500,000,000

Potential financial impact figure – minimum (currency)

Potential financial impact figure – maximum (currency)

Explanation of financial impact figure
Sales forecast of $110M is listed as the potential impact. This is an excerpt from thebusiness plan in the supplemental material of the financial results briefing for FY2022. In
the Americas, we continue to grow by taking advantage of business opportunities
presented by changes in society and markets. In the Corona Pandemic, we have played
an important role as an essential business, and demand for our products is still growing.
By building a new plant in the U.S., we will continue to fulfill our responsibility to supply
essential packages to society and deliver value that is friendly to people and theenvironment.

Cost to realize opportunity
9,600,000,000

Strategy to realize opportunity and explanation of cost calculation
The plant will enhance production of environmentally friendly products and introduce
more people- and environment-friendly production equipment (new printing methods
with higher productivity). Specifically, the introduction of printing methods that do notuse organic solvents will reduce GHG emissions and create a more comfortable work
environment. In addition, we plan to achieve profitability in operating income from thefirst year of operation through cost reductions achieved by productivity improvements
through automation. We selected the location that covers a wide range of customer andsupplier sites for efficient logistics, and conducted environmental due diligence prior toconstruction. The cost to realize the opportunity is 9.6 billion yen, of which 3.8 billion yen
is for land and construction and 5.8 billion yen is for capital investment.

21

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Comment

Identifier
Opp2

Where in the value chain does the opportunity occur?
Direct operations

Opportunity type
Products and services

Primary climate-related opportunity driver
Development and/or expansion of low emission goods and services

Primary potential financial impact
Increased revenues resulting from increased demand for products and services

Company-specific description
We are committed to developing eco-friendly packaging to reduce our environmental
impact. We are constantly developing low CO2-emission products for shrink labels, tacklabels and pouches used in beverage and food packaging, including thin-walled labels,
labels made from biomass materials, and packaging with recycled plastics andrenewable functions. We see the increased demand for products that can reduce theenvironmental impact of these products as an opportunity.
Specifically, we have developed and are offering the industry's thinnest shrink labels
and a machine (TLS) that rapidly places labels in the container for thermal shrinking. As
the thickness is less than half that of conventional labels, the amount of plastic used canbe reduced by about 50%. The reduction in the amount of plastic used by this label infiscal 2022, both in Japan and overseas, was 4287 tons. By offering products with sucha low impact on climate change, we aim to capture the intentions of our customers andconsumers to increase sales.

Time horizon
Medium-term

Likelihood
Virtually certain

Magnitude of impact
High

Are you able to provide a potential financial impact figure?
Yes, a single figure estimate

Potential financial impact figure (currency)
14,100,000,000

22Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Potential financial impact figure – minimum (currency)

Potential financial impact figure – maximum (currency)

Explanation of financial impact figure
As the demand for sustainable products increases, so do our business opportunities.
Sales of thin-walled labels, biomass labels and other products related to environmental
issues account for more than 20% of sales turnover in shrink label business in Japan. In
particular, in Japan, a synergetic combination of thinner shrink labels and their
dedicated application machines has contributed positively to the increase in sales ofboth packaging labels and machinery; therefore, the increase in sales turnover of shrinklabels and application machines in Japan is shown as a financial impact.
Increase in sales of shrink labels in Japan 45,906-36,568＝11,338 million yen
Increase in sales of machinery in Japan 6,831-4,081＝2,750 million yen
Increase in sales of shrink labels and machinery 11,338＋2,750＝14,088 million yen

Cost to realize opportunity
360,000,000

Strategy to realize opportunity and explanation of cost calculation
We are making environmentally friendly actions for all R&D actions for all of our
products (shrink labels, pressure sensitive labels, pouch containers and packaging
application machinery) to reduce costs and environmental impact. We are also focusing
on increasing the speed of development in each region, both domestically andinternationally, through joint research with outside companies and industry-academic
partnerships with several universities.
To ensure that we do not miss any of these opportunities, we hold an annual global
development meeting at the beginning of each fiscal year to assess the impact on ourbusiness and the feasibility of our technical challenges. The total project development
cost to realize the opportunity is 360 million yen, including 90 million yen for materials
and 270 million yen for machinery.
Specifically, we have simultaneously developed and are providing our system with theindustry's thinnest shrink labels and a specialized machine (product name: TLS) thatallows labels to be applied to containers at high speed and heat-shrunk. As the
thickness is less than half that of conventional labels, the amount of plastic used can be
reduced by about 50%. The reduction in the amount of plastic used by thinner labels infiscal 2022, both in Japan and overseas, was 4,287 tons.

Comment

Identifier
Opp3

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Where in the value chain does the opportunity occur?
Direct operations

Opportunity typeMarkets

Primary climate-related opportunity driver
Access to new markets

Primary potential financial impact
Increased revenues through access to new and emerging markets

Company-specific description
Our basic management vision is "to understand our customers' needs for packaging andprovide differentiated products (development, proposal, and supply), and to be the first
choice partner for our customers". We are strengthening cooperation within the Group,and through the exchange of technology and market information, we are striving to
improve quality and productivity, develop new products and explore new markets. In
recent years, many of our customers have begun to consider the sustainability of theirproducts in relation to climate change. Against this backdrop, in September 2019, our
U.S. subsidiary American Fuji Seal Inc. successfully developed a shrink label that canbe recycled into plastic bottles (RecShrink™). The RecShrink™ label and washable ink
system has been evaluated according to the APR (American Plastics Recycling
Association) protocol, "Critical Guidance Protocol for Clear PET Articles with Labels andClosures" ("PET-CG-02"). Approved by the standard recycling protocol, the special
shrink label has been adopted by many customers, including global dairy and beverage
manufacturers, as a new material that allows for recycling of PET bottles and of itself.
These efforts have been featured in the Packaging Digest and have attracted a great
deal of attention, and we regard the product as an important part of our marketingstrategy. In addition, we have strengthened our promotion of the product in ourenvironmental report and other publications on our website, which has led to anincrease in sales.The adoption of RecShrink has expanded to 33 products, including
products from major beverage manufacturers, with the goal of 20% of products forbeverage PET in the Americas, 10% in Europe, and 5% in ASEAN.

Time horizon
Short-term

Likelihood
Virtually certain

Magnitude of impact
High

Are you able to provide a potential financial impact figure?
Yes, a single figure estimate

Potential financial impact figure (currency)
10,700,000,000
24Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Potential financial impact figure – minimum (currency)

Potential financial impact figure – maximum (currency)

Explanation of financial impact figure
As the demand for sustainable products increases, so do our business opportunities.
Our U.S. subsidiary, American Fuji Seal Inc.'s successful RecShrink™ label andwashable ink system has been a significant contributor to our shrink business sales in
the Americas. The impact was calculated based on the fact that the company has begun
to launch the products in Europe and ASEAN countries and is aiming for a 20% share in
the Americas, 10% in Europe, and 5% in ASEAN countries as a product for beverage
PET.
(U.S.)43,800*20% + (Europe)14,400*10% + (Asean)10,000*5% = 10,700 million yen.

Cost to realize opportunity
100,000,000

Strategy to realize opportunity and explanation of cost calculation
We are strengthening our intra-group cooperation and are working to improve quality
and productivity, develop new products and explore new markets through the exchangeof technology and market information. In recent years, many of our customers havebegun to consider the sustainability of their products in relation to climate change. The
development of these new markets and others is one of the opportunities we haveidentified in relation to climate change. To ensure that we do not miss theseopportunities, we hold an annual global development meeting at the beginning of eachyear to assess the business impact and feasibility of our technology challenges. The
cost of realizing the opportunities is 2.4 billion yen in fiscal 2020, and we are using thesedevelopment costs to explore new markets and develop new products.
As a specific example, in September 2019, our U.S. subsidiary, American Fuji Seal Inc.
successfully developed a new product, a shrink label that can be recycled into plastic
bottles (RecShrink™). RecShrink™ is a new material that can be recycled at the sametime as recycling PET bottles and is being used by many customers, including global
dairy and beverage companies. The cost to develop this product and realize theopportunity is 100 million yen in R&D expenses so far, primarily for materials. Thesedevelopment expenses are used to explore new markets and develop new products.

Comment

C3. Business Strategy
C3.1(C3.1) Does your organization’s strategy include a climate transition plan that aligns
with a 1.5°C world?
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Row 1
Climate transition planNo, but our strategy has been influenced by climate-related risks and opportunities, andwe are developing a climate transition plan within two years

Explain why your organization does not have a climate transition plan thataligns with a 1.5°C world and any plans to develop one in the future
We have been conducting studies to qualitatively achieve a 2°C world, but we have notyet completed to a level where we can publish until we have a concrete climatetransition plan that is consistent with a 1.5°C world. A new environmental subcommittee
has been established within the Sustainability Committee, and the goal is to study andprepare a company-wide climate transition plan within two years, with the final plan to
be made public.

C3.2(C3.2) Does your organization use climate-related scenario analysis to inform its
strategy?
Use of climate-related scenario analysis to inform strategy
Row 1

Yes, qualitative, but we plan to add quantitative in the next two years

C3.2a(C3.2a) Provide details of your organization’s use of climate-related scenario analysis.
Climaterelated
scenario

Scenario
analysiscoverageTransition
scenarios
IEA NZE
2050

Companywide

Temperaturealignment of
scenarioParameters, assumptions, analytical choices

How the selected scenarios were identified, withreference to the inputs, assumptions, and analyticalmethods used: in accordance with the Ministry ofEnvironment guidelines, the new 1.5°C scenario
parameters were used to replace the 2°C scenario.
Assuming that manifestations would occur, the impact
on the business was analyzed with the involvement ofrelevant departments such as corporate planning andfinance.
A description of the time horizons considered and why
they are relevant to your company: we haveestablished a long-term time horizon over which the risk
factors in each scenario are likely to materialise andidentified risks and opportunities to the Group's overallbusiness activities over that period.
A description of the areas of your organization thathave been considered as part of the scenario analysis:

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Our business is located in the packaging industry, as
we manufacture and sell packaging materials and their
attaching machines. The entities that affect ourbusiness include upstream energy suppliers and raw
material manufacturers, and downstream buyers customers and consumers - as well as othercompetitors and new entrants who supply substituteproducts, end-processing recyclers, and relevant
government and industry organizations.
A case study of how the results of the scenario analysis
have directly influenced your business objectives andstrategy: Reducing group-wide GHG emissions is
becoming a strategic imperative as additional annual
expenditures of between 2.8 and 5.0 billion yen for the
1.5oC scenario are expected to be made due to carbon
taxes being considered for introduction in many
countries in the future. In addition to existing energy
reductions, we are also looking at renewable energyrelated investments such as solar power generationequipment and offset credits, and the introduction ofcarbon pricing to promote green investments within thecompany. In addition to existing energy reduction
practices, we have begun discussions on future
emission reduction action plans, with an eye torenewable energy-related investments such as solar
power generation equipment and offset credits, as wellas the introduction of carbon pricing to promote internal
green investments.
Physicalclimatescenarios
RCP 8.5

Companywide

How the selected scenarios were identified, withreference to the inputs, assumptions, and analyticalmethods used: in accordance with the Ministry ofEnvironment guidelines, 4°C scenarios was assumed;
for the 4°C scenario, the physical risk from RCP 8.5
and other sources. Assuming that manifestations would
occur, the impact on the business was analyzed with
the involvement of relevant departments such as
corporate planning and finance.
A description of the time horizons considered and why
they are relevant to your company: we haveestablished a long-term time horizon over which the risk
factors in each scenario are likely to materialise andidentified risks and opportunities to the Group's overallbusiness activities over that period.
A description of the areas of your organization thathave been considered as part of the scenario analysis:

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Our business is located in the packaging industry, as
we manufacture and sell packaging materials and their
attaching machines. The entities that affect ourbusiness include upstream energy suppliers and raw
material manufacturers, and downstream buyers customers and consumers - as well as othercompetitors and new entrants who supply substituteproducts, end-processing recyclers, and relevant
government and industry organizations.
A description of how the results of the scenario analysis
have informed your business objectives and strategies:
By estimating the potential financial impact on yourspecific business, you were able to provide
management with a basis for prioritizing response
measures and calculating an appropriate amount tospend. The results of these analyses can be reflectedin the next and subsequent mid-term management
plans.
A case study of how the results of the scenario analysis
have directly influenced your business objectives andstrategy: In a 4°C world, physical risks from climatechange, including extreme weather events, are found toincrease. Physical risks will become apparent at ourown sites, customer factories, and resource suppliers.
Continued dependence on oil will be destabilized bygeopolitical risks, and procurement costs are expected
to rise. Development of recycling will be delayed, waste
issues will not be adequately addressed, andstakeholders may lose confidence in the company.
Transition
scenarios
IEA 2DS

Companywide

How the selected scenarios were identified, withreference to the inputs, assumptions, and analyticalmethods used: in accordance with the Ministry ofEnvironment guidelines, 2°C scenarios was assumed;
for the 2°C scenario, the transition risk manifested fromthe 2DS. Assuming that manifestations would occur,
the impact on the business was analyzed with the
involvement of relevant departments such as corporate
planning and finance.
A description of the time horizons considered and why
they are relevant to your company: we haveestablished a long-term time horizon over which the risk
factors in each scenario are likely to materialise andidentified risks and opportunities to the Group's overallbusiness activities over that period.

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

A description of the areas of your organization thathave been considered as part of the scenario analysis:
Our business is located in the packaging industry, as
we manufacture and sell packaging materials and their
attaching machines. The entities that affect ourbusiness include upstream energy suppliers and raw
material manufacturers, and downstream buyers customers and consumers - as well as othercompetitors and new entrants who supply substituteproducts, end-processing recyclers, and relevant
government and industry organizations.
A case study of how the results of the scenario analysis
have directly influenced your business objectives andstrategy: Reducing group-wide GHG emissions is
becoming a strategic imperative as additional annual
expenditures of between 0.8 and 2.0 billion yen are
expected to be made due to carbon taxes being
considered for introduction in many countries in the
future. In addition to existing energy reductions, we arealso looking at renewable energy-related investments
such as solar power generation equipment and offset
credits, and the introduction of carbon pricing topromote green investments within the company. In
addition to existing energy reduction practices, we havebegun discussions on future emission reduction actionplans, with an eye to renewable energy-related
investments such as solar power generation equipment
and offset credits, as well as the introduction of carbon
pricing to promote internal green investments.

C3.2b(C3.2b) Provide details of the focal questions your organization seeks to address byusing climate-related scenario analysis, and summarize the results with respect tothese questions.
Row 1
Focal questions
As a leading company in the packaging industry, we are committed to the developmentof people-friendly packaging, environmentally friendly products, sustainable growth, andstable supply as our materiality in order to realize a sustainable society. The current
business model uses a large amount of petroleum-derived raw materials and energy,
and the challenge is to determine what mitigation measures should be implemented, atwhat scale, and at what timing, in order to achieve the net zero emissions by 2050.

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Results of the climate-related scenario analysis with respect to the focal
questions
As a result of the scenario analysis conducted, it was predicted that not only impact
factors common to each industry, but also the plastic waste problem and label-lesspackaging, which are deeply related to the packaging industry, will become more
apparent in the future. In particular, it was found that in order to reduce GHG emissions,
it is necessary not only to accumulate energy-saving measures, but also to facilitate thereduction of environmental impact by replacing the use of organic solvents with that of
aqueous solutions.
Therefore, as a mechanism to promote capital investment to reduce GHG emissions
and the introduction of renewable energy, Fuji Seal Japan actually used the internalcarbon price as a payback plan in the selection of investment projects for new factories
to lower the investment threshold. In the U.S., a procurement price limit (10$/MWh) was
set based on the internal carbon price and emission factor to determine the amount of
renewable energy to be procured.

C3.3(C3.3) Describe where and how climate-related risks and opportunities haveinfluenced your strategy.
Have climate-relatedrisks andopportunities
influenced yourstrategy in this area?
Products and Yes
services

Description of influence

The risks and opportunities associated with "development
and/or expansion of low-emission products and services"
have a significant impact on the medium- to long-termbusiness strategy to provide systematic solutions: for the
purpose of reducing CO2 emissions, thinner shrink labels
would reduce the materials used, but it would also weaken
the rigidity of the labels, and it would be difficult to apply
labels onto containers with conventional labeling machines.
To address this issue, our Machinery Division has
developed a new machine ("TLS" model) that enables highspeed application, and by combining our thinnest shrinklabels with the TLS model, the customers have been able toreduce both CO2 emissions and to improve labelingefficiency at the same time. With a thickness of less thanhalf of conventional labels, our shrink labels can reduce
plastic use by about 50%. The reduction in the amount ofplastic used by adopting this thinner label in FY2022, both inJapan and overseas, was 4,287 tons. Furthermore, oursales ratio targets for 2025 include 100% environmentally30

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

friendly products, 50% renewable design products, and 20%
recycled materials.
Supply chain Yes
and/or value
chain

The risks and opportunities associated with "development
and/or expansion of low-emission products and services"
have a significant impact on medium- and long-termbusiness strategies in terms of our product, technology andbusiness development policies. Up until now, FSG has
grown by adopting its own in-house development policy inorder to respond quickly to customer requests; however, as
the impact of its products on society has increased, there
have been cases where FSG has not always met all thedemands from all the stakeholders. By changing the way wethink and actively working in collaboration with othercompanies, we have been able to develop products that we
could not achieve before. For example, RecShrinkTM,
developed by our US subsidiary American Fuji Seal, Inc.
was commercialized in 2019 in collaboration with thecustomer Nestle, the supplier Eastman, and the recyclerorganization APR. The developed shrink labels arerecognized as a new material that can be recycled alongwith plastic bottle containers, and have been adopted bymany customers, including global dairy and beverage
manufacturers. These efforts have not only been publishedin the company's environmental report, but have also beenfeatured in the industry's Packaging Digest, which has
attracted a great deal of attention and led to further sales
increases.The adoption of Recshrink has expanded to 33
products , including products from major beverage
manufacturers, and we are aiming for 20% in the Americas,
10% in Europe, and 5% in ASEAN as products for beverage
PET. In addition, we have conducted a supplier survey andasked suppliers to comply with our action policy, which
requires calculation of the three Scope 3 categories, respectfor human rights, and continuation of environmental impact
reduction activities. We are deepening our engagement with
suppliers by holding dialogues with them based on the
results of these surveys.

Investment in Yes
R&D

The risks and opportunities associated with "entering newmarkets" have a significant impact on medium- and longterm business strategies to invest in research anddevelopment of products that can reduce theirenvironmental impact. Increasing concerns about climatechange enlarge the demand for environmentally friendly
products, not only for functions such as the display of legal
information and eye-catching decorations for customers, but

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

also for the use of recycled and biomass-derived raw
materials as well as reduced raw materials for sustainablecircular sourcing. In order to respond to these market
demands in a timely manner, FSG now requires toincorporate the latest environmentally friendly technologies
in all global development projects. New 2025 goals forrenewable design and use of recycled materials were set in
2020, and proactive investment in R&D has been madesince then. As a result, the percentage of sales accounted
for by environmentally friendly products has increased year
after year, from 41% in FY2020 to over 70% in FY2022.
The company has created 18 new global development
projects that integrate packaging and machinery
development, bringing the total to 31 projects for the threeyear period 2020-2022, compared to a target of 20 projects.
Operations

Yes

The risks and opportunities related to the use of more
efficient production and logistics processes have asignificant impact on the Fuji Seal Group's medium-termbusiness strategy of reducing the environmental impact ofmanufacturing. Conventional environmental protection
policies such as pollution prevention are not enough; wemust set and achieve specific targets for energy use, CO2
emissions, and waste emissions in order to reduce theimpact of our manufacturing processes, materials, products,
and waste on the earth.
More specifically, in order to achieve the 2050 net-zerotarget, Fuji Seal Group is constructing a new plant that isfriendly to people and the environment, and is making
capital investments (11.0 billion yen in 2022) aimed at
reducing environmental impact through the use ofrenewable energy such as solar power generation as wellas the introduction of water-based printing technology.

C3.4(C3.4) Describe where and how climate-related risks and opportunities haveinfluenced your financial planning.
Financialplanning
elements thathave been
influenced
Row Direct costs
1
Indirect costs

Description of influence

Access to capital:With more ESG-focused investments now than everbefore, we have incorporated ESG investment into our financial plans inorder to ensure that investors will hold our stock shares for longer periods
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Access to capitalof time from the medium to long term. From an ESG perspective our focus
has mainly been on to products launch that meet customer needs, but
now more on collaboration with our customers, suppliers, recyclers andother supply chain partners (e.g., Nestle/Eastman/APR for thedevelopment of RecShrinkTM). In order for our multi-stakeholders tounderstand such activities, we are actively disclosing non-financial
information through integrated reports and environmental reports.
Direct costs: we incorporate climate change-related risks andopportunities into our financial planning and report the results as part ofour annual report. Opportunities to reduce operating costs related tosustainability have had a very positive impact on our financial planning.
Increased awareness and consideration of our environmental impact hasenabled us to reduce our operating costs by using energy-efficienttechnologies, processes and building materials to reduce our resource
consumption.
Indirect costs: We recognize that environmental issues are common to all
humanity, and we continue to be creative and to challenge ourselves tomanufacture products with environmental aspects in mind. In addition to
reducing our environmental impact, we aim to develop and produce
environmentally friendly products and solve environmental problems
through our business activities. We also aim to contribute positively tosociety with people-friendly packaging, and to this end we faciitate
investment in R&D and the development of human resources toencourage them to do so. Among these, we are strengthening R&D for
low-carbon products and services, and our R&D expenditures for 2022
exceed 2.45 billion yen. In addition, we are focusing on installing
equipment to reduce GHG emissions, and our investment in water-based
printing equipment, a priority measure, has reached over 2 billion yen, andwe are increasing this spending plan every year.
In addition, to achieve 100% environmentally friendly products by 2025,
we plan to invest 47.5 billion yen from 2021 to 2023 in our mid-term
management plan.

C3.5(C3.5) In your organization’s financial accounting, do you identify spending/revenue
that is aligned with your organization’s climate transition?
Identification of spending/revenue that is aligned with your organization’s climatetransitionRow
1No, but we plan to in the next two years

33Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

C4. Targets and performance
C4.1(C4.1) Did you have an emissions target that was active in the reporting year?
Intensity target

C4.1b
(C4.1b) Provide details of your emissions intensity target(s) and progress madeagainst those target(s).

Target reference number
Int 1

Is this a science-based target?
No, but we anticipate setting one in the next two years

Target ambition

Year target was set
2019

Target coverage
Company-wide

Scope(s)Scope 1
Scope 2

Scope 2 accounting method
Market-based

Scope 3 category(ies)Intensity metric
Metric tons CO2e per unit revenue

Base year
2017

Intensity figure in base year for Scope 1 (metric tons CO2e per unit of activity)
0.3067

Intensity figure in base year for Scope 2 (metric tons CO2e per unit of activity)

34

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

0.6017

Intensity figure in base year for Scope 3, Category 1: Purchased goods andservices (metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 2: Capital goods (metrictons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 3: Fuel-and-energy-related
activities (not included in Scopes 1 or 2) (metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 4: Upstream transportationand distribution (metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 5: Waste generated inoperations (metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 6: Business travel (metrictons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 7: Employee commuting(metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 8: Upstream leased assets(metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 9: Downstream
transportation and distribution (metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 10: Processing of soldproducts (metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 11: Use of sold products(metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 12: End-of-life treatment ofsold products (metric tons CO2e per unit of activity)

35

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Intensity figure in base year for Scope 3, Category 13: Downstream leased
assets (metric tons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 14: Franchises (metric tons
CO2e per unit of activity)

Intensity figure in base year for Scope 3, Category 15: Investments (metrictons CO2e per unit of activity)

Intensity figure in base year for Scope 3, Other (upstream) (metric tons CO2e
per unit of activity)

Intensity figure in base year for Scope 3, Other (downstream) (metric tons
CO2e per unit of activity)

Intensity figure in base year for total Scope 3 (metric tons CO2e per unit ofactivity)

Intensity figure in base year for all selected Scopes (metric tons CO2e per unitof activity)
0.9084% of total base year emissions in Scope 1 covered by this Scope 1 intensity
figure100% of total base year emissions in Scope 2 covered by this Scope 2 intensity
figure100% of total base year emissions in Scope 3, Category 1: Purchased goods andservices covered by this Scope 3, Category 1: Purchased goods and services
intensity figure% of total base year emissions in Scope 3, Category 2: Capital goods coveredby this Scope 3, Category 2: Capital goods intensity figure% of total base year emissions in Scope 3, Category 3: Fuel-and-energyrelated activities (not included in Scopes 1 or 2) covered by this Scope 3,

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Category 3: Fuel-and-energy-related activities (not included in Scopes 1 or 2)
intensity figure% of total base year emissions in Scope 3, Category 4: Upstream
transportation and distribution covered by this Scope 3, Category 4: Upstream
transportation and distribution intensity figure% of total base year emissions in Scope 3, Category 5: Waste generated inoperations covered by this Scope 3, Category 5: Waste generated inoperations intensity figure% of total base year emissions in Scope 3, Category 6: Business travel
covered by this Scope 3, Category 6: Business travel intensity figure% of total base year emissions in Scope 3, Category 7: Employee commuting
covered by this Scope 3, Category 7: Employee commuting intensity figure% of total base year emissions in Scope 3, Category 8: Upstream leased
assets covered by this Scope 3, Category 8: Upstream leased assets intensity
figure% of total base year emissions in Scope 3, Category 9: Downstream
transportation and distribution covered by this Scope 3, Category 9:
Downstream transportation and distribution intensity figure% of total base year emissions in Scope 3, Category 10: Processing of soldproducts covered by this Scope 3, Category 10: Processing of sold products
intensity figure% of total base year emissions in Scope 3, Category 11: Use of sold products
covered by this Scope 3, Category 11: Use of sold products intensity figure% of total base year emissions in Scope 3, Category 12: End-of-life treatmentof sold products covered by this Scope 3, Category 12: End-of-life treatmentof sold products intensity figure37

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023% of total base year emissions in Scope 3, Category 13: Downstream leased
assets covered by this Scope 3, Category 13: Downstream leased assets
intensity figure% of total base year emissions in Scope 3, Category 14: Franchises coveredby this Scope 3, Category 14: Franchises intensity figure% of total base year emissions in Scope 3, Category 15: Investments coveredby this Scope 3, Category 15: Investments intensity figure% of total base year emissions in Scope 3, Other (upstream) covered by thisScope 3, Other (upstream) intensity figure% of total base year emissions in Scope 3, Other (downstream) covered bythis Scope 3, Other (downstream) intensity figure% of total base year emissions in Scope 3 (in all Scope 3 categories) coveredby this total Scope 3 intensity figure% of total base year emissions in all selected Scopes covered by this intensity
figure100

Target year
2023

Targeted reduction from base year (%)
6

Intensity figure in target year for all selected Scopes (metric tons CO2e perunit of activity) [auto-calculated]
0.853896% change anticipated in absolute Scope 1+2 emissions
23% change anticipated in absolute Scope 3 emissions
0

Intensity figure in reporting year for Scope 1 (metric tons CO2e per unit ofactivity)
0.2900793421

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Intensity figure in reporting year for Scope 2 (metric tons CO2e per unit ofactivity)
0.5842768923

Intensity figure in reporting year for Scope 3, Category 1: Purchased goods
and services (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 2: Capital goods(metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 3: Fuel-and-energyrelated activities (not included in Scopes 1 or 2) (metric tons CO2e per unit ofactivity)

Intensity figure in reporting year for Scope 3, Category 4: Upstream
transportation and distribution (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 5: Waste generated inoperations (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 6: Business travel(metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 7: Employee
commuting (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 8: Upstream leased
assets (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 9: Downstream
transportation and distribution (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 10: Processing of soldproducts (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 11: Use of soldproducts (metric tons CO2e per unit of activity)

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Intensity figure in reporting year for Scope 3, Category 12: End-of-life
treatment of sold products (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 13: Downstream leased
assets (metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 14: Franchises (metrictons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Category 15: Investments(metric tons CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Other (upstream) (metric tons
CO2e per unit of activity)

Intensity figure in reporting year for Scope 3, Other (downstream) (metric tons
CO2e per unit of activity)

Intensity figure in reporting year for total Scope 3 (metric tons CO2e per unitof activity)

Intensity figure in reporting year for all selected Scopes (metric tons CO2e perunit of activity)
0.8743562344

Does this target cover any land-related emissions?
No, it does not cover any land-related emissions (e.g. non-FLAG SBT)

% of target achieved relative to base year [auto-calculated]
62.4610406576

Target status in reporting year
Underway

Please explain target coverage and identify any exclusions
We have set a target of reducing CO2 emissions per unit of production by 6% over 6
years at all of our sites without any exclusion, including our group companies, based on
the target of rationalization of energy use required by the Act on the Rational Use ofEnergy, etc., with fiscal 2017 as the base year. The unit of sales for the calculation ofbasic unit is million yen.

Plan for achieving target, and progress made to the end of the reporting year
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

In FY2020-FY2021, unit CO2 emissions increased by 3.2% compared to FY17, partly
due to the impact of Corona. Although each region individually reduced emissions by
more than 10% per unit, the FY2020 boundary change increased the contribution ofregions with higher intensity, resulting in the increase in total. However, in 2022, wewere able to reduce CO2 emissions by 11,452 tons compared to last year, a year-onyear reduction of 6%. As a result, the progress rate to the target is 62.5%.
We have also set a new 2050 net-zero target and plan to raise the target step by step toachieve it, and we will continue to implement these and other reduction activities toachieve the 2050 target.

List the emissions reduction initiatives which contributed most to achieving
this target

C4.2(C4.2) Did you have any other climate-related targets that were active in the reportingyear?
Net-zero target(s)Other climate-related target(s)C4.2b
(C4.2b) Provide details of any other climate-related targets, including methane
reduction targets.

Target reference number
Oth 2

Year target was set
2020

Target coverage
Company-wide

Target type: absolute or intensity
Intensity

Target type: category & Metric (target numerator if reporting an intensity
target)Waste management
metric tons of waste generated

Target denominator (intensity targets only)
unit revenue

Base year
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

2017

Figure or percentage in base year
33.29

Target year
2025

Figure or percentage in target year
29.96

Figure or percentage in reporting year
33.74

% of target achieved relative to base year [auto-calculated]-13.5135135135

Target status in reporting year
Underway

Is this target part of an emissions target?
No, this target is not part of an emissions target

Is this target part of an overarching initiative?
No, it’s not part of an overarching initiative

Please explain target coverage and identify any exclusions
The scope of the program covers all sites of Fuji Seal Group.
Four types of waste are designated as target: waste plastic, waste ink, waste solvent,and paper waste. A new target has been set for 2020, which is to reduce the amount ofwaste that is not used effectively by 10% per unit of sales by FY2025, compared to
FY17.
The goal is to contribute to the realization of a sustainable society by reducing land-fillwaste and other waste that is not used effectively.

Plan for achieving target, and progress made to the end of the reporting year
Improvement on the recycling rate was made by examining where landfill waste could
be reused and also by sorting it into smaller pieces.
The result for FY2022 was a 1.4% increase over FY17, and a 21% reduction from lastyear was made although the target was not achieved.
The reason for the large reduction is that the amount of landfill waste decreased by 20%
in the Americas and 24% in Europe compared to last year due to the internal promotionof recycling in the Americas and Europe.

List the actions which contributed most to achieving this target

C4.2c(C4.2c) Provide details of your net-zero target(s).
42Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Target reference number
NZ1

Target coverage
Company-wide

Absolute/intensity emission target(s) linked to this net-zero target
Int1

Target year for achieving net zero
2050

Is this a science-based target?
Yes, we consider this a science-based target, and we have committed to seek validationof this target by the Science Based Targets initiative in the next two years

Please explain target coverage and identify any exclusions
The scope of the program covers all regions of Fuji Seal Group. We regard climatechange as one of the most important environmental issues and have established midterm targets (described in INT1) for the entire company. We are currently beginning toformulate a concrete low-carbon transition plan, with the ultimate goal of achieving
virtually zero GHG emissions by 2050.

Do you intend to neutralize any unabated emissions with permanent carbon
removals at the target year?
UnsurePlanned milestones and/or near-term investments for neutralization at target
year

Planned actions to mitigate emissions beyond your value chain (optional)

C4.3(C4.3) Did you have emissions reduction initiatives that were active within thereporting year? Note that this can include those in the planning and/or
implementation phases.
Yes

C4.3a
(C4.3a) Identify the total number of initiatives at each stage of development, and for
those in the implementation stages, the estimated CO2e savings.

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Number of
initiatives

Total estimated annual CO2e savings in metrictonnes CO2e (only for rows marked *)Under investigation0

0

To be implemented*

23

273.6

Implementationcommenced*

00

Implemented*

54,525.1

Not to be implemented 0

0

C4.3b
(C4.3b) Provide details on the initiatives implemented in the reporting year in the tablebelow.

Initiative category & Initiative type
Energy efficiency in production processes
Machine/equipment replacement

Estimated annual CO2e savings (metric tonnes CO2e)
164.1

Scope(s) or Scope 3 category(ies) where emissions savings occur
Scope 1

Voluntary/Mandatory
Voluntary

Annual monetary savings (unit currency – as specified in C0.4)
1,471,634

Investment required (unit currency – as specified in C0.4)
20,000,000

Payback period
11-15 years

Estimated lifetime of the initiative
6-10 years

Comment
The replacement of older equipment with newer models has improved energy efficiency
and reduced energy consumption, which in turn has reduced CO2 emissions.
Specifically, the number of boilers at the Tsukuba Plant was reduced and replaced withmore efficient ones. This has greatly reduced the amount of gas used, thereby curbing
energy use.

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Initiative category & Initiative typeLow-carbon energy consumption
Hydropower (capacity unknown)

Estimated annual CO2e savings (metric tonnes CO2e)
3,053.95

Scope(s) or Scope 3 category(ies) where emissions savings occur
Scope 2 (location-based)
Scope 2 (market-based)

Voluntary/Mandatory
Voluntary

Annual monetary savings (unit currency – as specified in C0.4)
0Investment required (unit currency – as specified in C0.4)
28,691,000

Payback period
No payback

Estimated lifetime of the initiative
6-10 years

Comment
BTN plant in US purchases electricity derived from renewable energy sources under the
Renewable Energy Certificate System (RECs). By purchasing approximately 10% of theelectricity used at the plant through RECs, the plant is able to reduce CO2 emissions by
more than 3,000 tons per year.

Initiative category & Initiative type
Energy efficiency in production processes
Machine/equipment replacement

Estimated annual CO2e savings (metric tonnes CO2e)283.09

Scope(s) or Scope 3 category(ies) where emissions savings occur
Scope 1

Voluntary/Mandatory
Voluntary

Annual monetary savings (unit currency – as specified in C0.4)
9,562,781
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Investment required (unit currency – as specified in C0.4)
100,000,000

Payback period
11-15 years

Estimated lifetime of the initiative
6-10 years

Comment
We renewed the equipment for VOCs used for the combustion of solvent dried after
printing at our French plant. The introduction of equipment with higher combustion
efficiency than before improved the efficiency of natural gas use by 35%, leading to a
reduction in fuel consumption.

Initiative category & Initiative typeLow-carbon energy consumption
Low-carbon electricity mix

Estimated annual CO2e savings (metric tonnes CO2e)731

Scope(s) or Scope 3 category(ies) where emissions savings occur
Scope 2 (location-based)
Scope 2 (market-based)

Voluntary/Mandatory
Voluntary

Annual monetary savings (unit currency – as specified in C0.4)
0Investment required (unit currency – as specified in C0.4)
57,256,446

Payback period
No payback

Estimated lifetime of the initiative
6-10 years

Comment
Yamagata Plant in Japan purchases electricity derived from renewable energy sources
through the renewable energy certificate program. By purchasing approximately 100%of the electricity used at the plant from renewable energy sources, we are able to reduce
CO2 emissions by more than 700 tons per year.

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Initiative category & Initiative typeLow-carbon energy consumption
Solar PV

Estimated annual CO2e savings (metric tonnes CO2e)
293

Scope(s) or Scope 3 category(ies) where emissions savings occur
Scope 2 (location-based)
Scope 2 (market-based)

Voluntary/Mandatory
Voluntary

Annual monetary savings (unit currency – as specified in C0.4)
661,804

Investment required (unit currency – as specified in C0.4)
4,412,028

Payback period
No payback

Estimated lifetime of the initiative
16-20 years

Comment
In order to promote the use of renewable energy, we have started operation of a solar
power generation facility since September 2022 based on a Power Purchase Agreement(PPA)* at our Sinsakhon Plant in Thailand. This is the first time for Fuji Seal Group to
introduce a solar photovoltaic power station under the corporate PPA model. The
industrial/commercial
roof-mounted solar system, with a total area of 4,746 m2, is expected to generate 1.4
GWh of renewable energy and reduce CO2 emissions by approximately 721 tons per
year.

C4.3c
(C4.3c) What methods do you use to drive investment in emissions reduction
activities?
MethodComment

Internal incentives/recognition
programs

Ideas specific on energy-saving have been awarded according tomanagement evaluation results

Dedicated budget for lowcarbon product R&D

Development of new markets by providing solutions to climatechange-related issues is considered as one of our beneficial
opportunities.
In fiscal 2022, our R & D expenses reached 2.5 billion yen where47

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

environmental friendly products were researched and developed in
all international projects.

C4.5(C4.5) Do you classify any of your existing goods and/or services as low-carbon
products?
Yes

C4.5a
(C4.5a) Provide details of your products and/or services that you classify as lowcarbon products.

Level of aggregation
Product or service

Taxonomy used to classify product(s) or service(s) as low-carbon
No taxonomy used to classify product(s) or service(s) as low carbon

Type of product(s) or service(s)Other
Other, please specify
The industry's thinnest shrink label and a machine

Description of product(s) or service(s)We have simultaneously developed the industry's thinnest shrink label and a machine(product name: TLS) that attaches the label to the container at high speed and heatshrinks it, and offer it as a system. The thickness of the label is less than half that of theaverage conventional label, which reduces the amount of plastic used by about 50%,thus making a significant contribution to the reduction of CO2 emissions when disposedof by the consumer.

Have you estimated the avoided emissions of this low-carbon product(s) or
service(s)YesMethodology used to calculate avoided emissions
Guidelines for Assessing the Contribution of Products to Avoided Greenhouse Gas
Emissions (ILCA)

Life cycle stage(s) covered for the low-carbon product(s) or services(s)Cradle-to-gate

Functional unit used
Usage and disposal of film (resin)48

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Reference product/service or baseline scenario used
Shrink labels with the thickness that have been sold mostLife cycle stage(s) covered for the reference product/service or baseline
scenario
Cradle-to-gate

Estimated avoided emissions (metric tons CO2e per functional unit) compared
to reference product/service or baseline scenario
3.52

Explain your calculation of avoided emissions, including any assumptions
Since the thickness of the film is reduced by 50% compared to normal film, the amountof resin used per unit area is also reduced by 50%. Based on this scenario, we haveestimated the contribution to CO emission coefficients using publicly available
secondary data for both scenarios. Emission factors are taken from the Chemical
Economics Research Institute/Research Report on Energy Analysis of Basic Materials,
September 1993. As additional energy due to film production, 0.5 kg-CO2eq/kg is added
to the reference figure for PET resin for bottles.

Revenue generated from low-carbon product(s) or service(s) as % of total
revenue in the reporting year
6.68

C5. Emissions methodology
C5.1(C5.1) Is this your first year of reporting emissions data to CDP?
No

C5.1a
(C5.1a) Has your organization undergone any structural changes in the reporting year,
or are any previous structural changes being accounted for in this disclosure ofemissions data?
Row 1
Has there been a structural change?
No

C5.1b
(C5.1b) Has your emissions accounting methodology, boundary, and/or reporting year
definition changed in the reporting year?

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Change(s) in methodology, boundary, and/or reporting year definition?
Row 1

No

C5.2
(C5.2) Provide your base year and base year emissions.
Scope 1
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)45,186

Comment
CO2 emission in fisical 2017

Scope 2 (location-based)
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)
92,993

Comment
CO2 emission in fisical 2017

Scope 2 (market-based)
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)87,332

Comment
The data for Germany, France, Poland, the Netherlands and Vietnam use locationbased emission factors.

Scope 3 category 1: Purchased goods and services
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)437,656

Comment

Scope 3 category 2: Capital goods
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)
21,496

Comment

Scope 3 category 3: Fuel-and-energy-related activities (not included in Scope 1 or
2)
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)
12,171

Comment

Scope 3 category 4: Upstream transportation and distribution
Base year start

Base year end

Base year emissions (metric tons CO2e)

51

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Comment
We will set up a system to calculate this category in Scope3 from next year.

Scope 3 category 5: Waste generated in operations
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)
19,816

Comment

Scope 3 category 6: Business travel
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)584

Comment

Scope 3 category 7: Employee commuting
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)
1,954

Comment

Scope 3 category 8: Upstream leased assets
Base year start

Base year end

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Base year emissions (metric tons CO2e)

Comment
Upstream leased assets include office equipment (copiers and PCs) under leaseagreements, but emissions from their electricity consumption are not included in thiscategory because they are included in Scope 1 and 2.

Scope 3 category 9: Downstream transportation and distribution
Base year start

Base year end

Base year emissions (metric tons CO2e)

Comment
We will set up a system to calculate this category in Scope3 from next year.

Scope 3 category 10: Processing of sold products
Base year start

Base year end

Base year emissions (metric tons CO2e)

Comment
Shrink labels would require further processes at customer site; therefore, they can be
regarded as intermediate products for this category, but they are not included because
they are accounted for category 11.

Scope 3 category 11: Use of sold products
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)225,750

Comment

53

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Scope 3 category 12: End of life treatment of sold products
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)81,184

Comment

Scope 3 category 13: Downstream leased assets
Base year start
April 1, 2017

Base year end
March 31, 2018

Base year emissions (metric tons CO2e)533

Comment

Scope 3 category 14: Franchises
Base year start

Base year end

Base year emissions (metric tons CO2e)

Comment
We do not have any form of franchise in our business.

Scope 3 category 15: Investments
Base year start

Base year end

Base year emissions (metric tons CO2e)54

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Comment
We do not conduct project financing or investment with stock or security.

Scope 3: Other (upstream)
Base year start

Base year end

Base year emissions (metric tons CO2e)

Comment

Scope 3: Other (downstream)
Base year start

Base year end

Base year emissions (metric tons CO2e)

Comment

C5.3(C5.3) Select the name of the standard, protocol, or methodology you have used tocollect activity data and calculate emissions.
Japan Ministry of the Environment, Law Concerning the Promotion of the Measures to Cope with
Global Warming, Superseded by Revision of the Act on Promotion of Global WarmingCountermeasures (2005 Amendment)

C6. Emissions data
C6.1
(C6.1) What were your organization’s gross global Scope 1 emissions in metric tons
CO2e?
Reporting year
Gross global Scope 1 emissions (metric tons CO2e)
55

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

86,024

Comment
CO2 emission in fisical 2022

C6.2
(C6.2) Describe your organization’s approach to reporting Scope 2 emissions.
Row 1
Scope 2, location-based
We are reporting a Scope 2, location-based figure

Scope 2, market-based
We are reporting a Scope 2, market-based figure

Comment
With regard to market-based emission calculations, location-based emission factors areused for the calculation in Germany, France, the Netherlands, Italy ,Vietnam, andThailand as their market-based emission factors were not available on time.

C6.3(C6.3) What were your organization’s gross global Scope 2 emissions in metric tons
CO2e?
Reporting year
Scope 2, location-based
113,140

Scope 2, market-based (if applicable)
103,755

Comment
With regard to market-based emission calculations, location-based emission factors areused for the data in Germany, France, the Netherlands, Italy ,Vietnam, and Thailand as
the market-based emission factors were not available on time.

C6.4(C6.4) Are there any sources (e.g. facilities, specific GHGs, activities, geographies,etc.) of Scope 1, Scope 2 or Scope 3 emissions that are within your selected reporting
boundary which are not included in your disclosure?
Yes

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

C6.4a(C6.4a) Provide details of the sources of Scope 1, Scope 2, or Scope 3 emissions thatare within your selected reporting boundary which are not included in yourdisclosure.

Source of excluded emissions
Sales offices in US, Europe, ASEAN and India where independent from production
factories.

Scope(s) or Scope 3 category(ies)
Scope 1
Scope 2 (location-based)
Scope 2 (market-based)

Relevance of Scope 1 emissions from this source
Emissions are not relevant

Relevance of location-based Scope 2 emissions from this source
Emissions are not relevant

Relevance of market-based Scope 2 emissions from this source
Emissions are not relevant

Relevance of Scope 3 emissions from this source

Date of completion of acquisition or merger

Estimated percentage of total Scope 1+2 emissions this excluded source
represents
0

Estimated percentage of total Scope 3 emissions this excluded source
represents

Explain why this source is excluded
We have excluded sales offices in US, Europe, ASEAN, and India (independent fromproduction factories) because they employ fewer than 10 people in their offices withnegligible CO2 emissions.

Explain how you estimated the percentage of emissions this excluded source
represents
The average CO2 emissions per employee were calculated using the emissions fromthe offices accounted, and multiplied by the number of employees in the offices
57Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

excluded. The total CO2 emissions excluded is 0.03% but "0" was entered because it
was too small.

C6.5(C6.5) Account for your organization’s gross global Scope 3 emissions, disclosing
and explaining any exclusions.
Purchased goods and services
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)
1,091,858.319

Emissions calculation methodology
Supplier-specific method
Spend-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Using expense schedules recorded in production management database for Japan, aclassification of activity (expenses) was made based on the detailed account items andthe categorical classification of the suppliers. Next, for each category, the mostappropriate monetary emissions intensity from the IDEAv2 database was assigned andCO2 emissions in Japan was then calculated. Furthermore, the global CO2 emissions
were calculated based on the ratio of total expenses in Japan to total expenses in thegroup.

Capital goods
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)
18,023.944

Emissions calculation methodology
Asset-specific method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain

58

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

CO2 emissions are calculated by the amount of fixed assets obtained by each groupcompany during the fiscal year from the fixed asset increase/decrease table at the
beginning and end of each fiscal year, and by emission intensity provided in the
database from The Ministry of the Environment ("Emissions intensity database forcalculating the greenhouse gas emissions of an organization through its supply chain(Ver. 3.3)")

Fuel-and-energy-related activities (not included in Scope 1 or 2)
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)
16,637.778

Emissions calculation methodology
Fuel-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
We calculate Category 3 emissions based on the amount of fuel used by each Group
company in Scope 1 and the amount of electricity used in Scope 2 for each fiscal yearwith emission intensity from the IDEA database.

Upstream transportation and distribution
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)9,192.302

Emissions calculation methodology
Distance-based method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
CO2 emissions were calculated using the modified ton-kilometer method by tabulatingproduct category classifications, transportation routes for products and other items, andtransportation weights recorded in production management database in Japan.

Waste generated in operations
Evaluation status
59

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Relevant, calculated

Emissions in reporting year (metric tons CO2e)25,279.557

Emissions calculation methodology
Waste-type-specific method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
We have asked waste disposal companies to identify the final treatment method ofwaste discharged from each plant, and use emission factors to calculate the weight ofeach treatment method.

Business travel
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)
791.236

Emissions calculation methodology
Average data method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Since it is difficult to calculate based on the number of business trip days in the global
standard, we use the estimated emission intensity based on the number of employees.

Employee commuting
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)2,503.739

Emissions calculation methodology
Average data method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
060Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Please explain
Calculations are based on Basic Guidelines by The Ministry of the Environment, using
the number of employees x emissions intensity by work type and city size.

Upstream leased assets
Evaluation status
Not relevant, explanation provided

Please explain
Upstream leased assets include office equipment (copiers and PCs) under leaseagreements, but emissions from their electricity consumption are not included in thiscategory because they are included in Scope 1 and 2.

Downstream transportation and distribution
Evaluation status
Not relevant, explanation provided

Please explain
For downstream transportation, emissions related to product transportation were taken
into account. In Japan, all shipments from the company's own factories are included in
Category 4, since the company is always the shipper. Product shipments from
customers were excluded from the calculations because the weight ratio of packaging
materials is extremely small and it is extremely difficult to calculate the quantities andtransportation distances for each product.

Processing of sold products
Evaluation status
Not relevant, explanation provided

Please explain
Shrink labels would require further processes at customer site; therefore, they can be
regarded as intermediate products for this category, but they are not included because
they are accounted for category 11.

Use of sold products
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)154,413.06

Emissions calculation methodology
Average product method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
61

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

0

Please explain
Lifetime CO2 emissions are estimated for each model based on catalog data andexpected service years from the machinery department.

End of life treatment of sold products
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)
123,993.11

Emissions calculation methodology
Waste-type-specific method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
89

Please explain
Calculation was made based on the amount of products shipped, subtracting the use of
non-CO2 emitting products such as plant-derived materials. The emission intensity ofincineration was used to avoid underestimation of CO2 emissions.

Downstream leased assets
Evaluation status
Relevant, calculated

Emissions in reporting year (metric tons CO2e)620.021

Emissions calculation methodology
Average product method

Percentage of emissions calculated using data obtained from suppliers orvalue chain partners
0Please explain
Annual CO2 emissions for each model were estimated from catalog data and thenumber of labelers leased, as provided by the machinery department.

Franchises
Evaluation status
Not relevant, explanation provided

Please explain
62

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

We do not have any form of franchise in our business.

Investments
Evaluation status
Not relevant, explanation provided

Please explain
We do not conduct project financing or investment with stock or security.

Other (upstream)
Evaluation status
Not relevant, explanation provided

Please explain
We do not consider any other forms of emissions in Scope 3.

Other (downstream)
Evaluation status
Not relevant, explanation provided

Please explain
We do not consider any other forms of emissions in Scope 3.

C6.7(C6.7) Are carbon dioxide emissions from biogenic carbon relevant to yourorganization?
No

C6.10
(C6.10) Describe your gross global combined Scope 1 and 2 emissions for thereporting year in metric tons CO2e per unit currency total revenue and provide any
additional intensity metrics that are appropriate to your business operations.

Intensity figure
0.0000098

Metric numerator (Gross global combined Scope 1 and 2 emissions, metrictons CO2e)
189,774

Metric denominator
unit total revenue

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Metric denominator: Unit total
192,862,000,000

Scope 2 figure used
Market-based% change from previous year
11.01

Direction of change
Decreased

Reason(s) for change
Change in renewable energy consumption
Other emissions reduction activities
Change in output
Change in revenue

Please explain
In FY 2022, we were able to reduce CO2 emissions by a total of 7,551 tons in all
regions compared to FY 2021, and we were also able to reduce CO2 emissions per unitof production by 11% compared to FY 2021.
These reductions are due to the day-to-day reduction efforts that have been undertaken
in each region in addition to the emission reduction actions reported in C4.3b.
In addition, the use of renewable energy increased significantly in 2022 compared to2021.
We have also set a new target of net zero emissions by 2050 and plan to set the targets
step wise so that each target will be met.

C7. Emissions breakdowns
C7.1(C7.1) Does your organization break down its Scope 1 emissions by greenhouse gas
type?
Yes

C7.1a
(C7.1a) Break down your total gross global Scope 1 emissions by greenhouse gas
type and provide the source of each used greenhouse warming potential (GWP).
Greenhouse gas

Scope 1 emissions(metric tons of CO2e)

GWP ReferenceCO283,598IPCC Fourth Assessment
Report (AR4 - 100 year)

64Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

HFCs

5,441

IPCC Fourth Assessment
Report (AR4 - 100 year)

Other, please specify

30,854IPCC Fourth Assessment
Report (AR4 - 100 year)

CO2 from VOC treatment that was
not used as heat source

C7.2(C7.2) Break down your total gross global Scope 1 emissions by country/area/region.
Country/area/region

Scope 1 emissions (metric tons CO2e)Japan24,467

US, Latin America and Caribbean (USLAC)

30,641

Europe16,446

Other, please specify

14,470ASEAN

C7.3(C7.3) Indicate which gross global Scope 1 emissions breakdowns you are able toprovide.
By facility

C7.3b(C7.3b) Break down your total gross global Scope 1 emissions by business facility.
Facility

Scope 1 emissions (metric tons CO2e) Latitude

Longitude

Nabari factory

8,541

34.649673 136.102592

Tukuba factory

12,66236.013611 140.245988

Yuki factory

2,741

36.275294 139.86695

Yamagata factory

347

38.384513 140.255367

S×S Center (Technical Center) 77

34.736669 135.423824

Nara factory

31

34.546198 135.80233

Bardstown factory

20,30237.824895 -85.430142

UK factory

2,603

51.36532

Poland factory

11,08352.221972 19.428832

France factory

1,757

47.875583 6.391704

Germany factory

365

48.630235 9.229911

Vietnam factory

2,185

11.107112 106.697588

Netherland office613

51.451123 5.795653

0.571919

65

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Indiana factory

303

38.375989 -85.682223

Mexico factory

10,03620.786993 -101.335652

Sapporo office

643.05858

Sinsakhon Factory

4,777

13.550893 100.340123

Bangpoo Factory

7,506

13.536454 100.623406

Samutprakarn Factory2

13.564156 100.777379

Italy factory

25

45.170202 10.673188

Ube factory

63

34.044394 131.312628

141.347681

C7.5(C7.5) Break down your total gross global Scope 2 emissions by country/area/region.
Country/area/region

Scope 2, location-based(metric tons CO2e)

Scope 2, market-based(metric tons CO2e)Japan

22,125

20,298Europe22,067

19,796

US, Latin America and Caribbean(USLAC)45,57640,290

Other, please specify

23,371

23,371

ASEAN

C7.6(C7.6) Indicate which gross global Scope 2 emissions breakdowns you are able toprovide.
By facility

C7.6b(C7.6b) Break down your total gross global Scope 2 emissions by business facility.
Facility

Scope 2, location-based (metrictons CO2e)

Scope 2, market-based (metrictons CO2e)

Nabari factory

5,586

4,441

Tukuba factory

10,171

9,525

Yuki factory

2,381

2,230

Nara factory

468

372

Yamagata factory

163

136

Ube factory

2,869

3,204

66

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

352

294

Osaka office

107

68

Nagoya office

4

4

Kyushuu office

5

4

Sapporo office22

Bardstown factory

33,23930,284

UK factory

2,065

1,488

Poland factory

18,464

16,915

France factory

125

125

Germany factory

1,089

1,089

Vietnam factory

5,377

5,377

Netherland office

295

150

Indiana factory

3,701

1,639

Mexico factory

8,636

8,367

Sinsakhon Factory

6,077

6,077

Bangpoo Factory

11,891

11,891Samutprakarn Factory

26

26

Italy factory2929(New) Tokyo office

15

15

Matsudo office10

Kakegawa office2

2

S×S Center（ TechnicalCenter)C7.7(C7.7) Is your organization able to break down your emissions data for any of thesubsidiaries included in your CDP response?
Yes

C7.7a
(C7.7a) Break down your gross Scope 1 and Scope 2 emissions by subsidiary.

Subsidiary name
Fuji Seal, Inc.

Primary activity
Other containers & packaging

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)23,980

Scope 2, location-based emissions (metric tons CO2e)
18,711

Scope 2, market-based emissions (metric tons CO2e)
16,642

Comment
The main business activities include planning, proposal, development, manufacture andsales of packaging systems, mainly with shrink labels, pressure sensitive labels,
spouted pouches and packaging machinery.

Subsidiary name
Fuji Tack, Inc.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond68

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)
12

Scope 2, market-based emissions (metric tons CO2e)8

Comment
The main business is the sale of pressure sensitive labels, most of which are supplied to
Fuji Seal, Inc.

Subsidiary name
Fuji Astec, Inc.

Primary activity
Industrial machinery

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol
69

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)77

Scope 2, location-based emissions (metric tons CO2e)352

Scope 2, market-based emissions (metric tons CO2e)294

Comment
The main business includes maintenance services for packaging machinery.

Subsidiary name
Fuji Flex, Inc.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

70

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)2

Scope 2, market-based emissions (metric tons CO2e)2Comment
The main business includes the manufacturing and sale of spouted pouches, most ofwhich are supplied to Fuji Seal, Inc.

Subsidiary name
Fuji Tack East, Inc.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)347

Scope 2, location-based emissions (metric tons CO2e)71

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

163

Scope 2, market-based emissions (metric tons CO2e)136

Comment
The main business includes the manufacturing and sale of pressure sensitive labels,
most of which are supplied to Fuji Tack, Inc.

Subsidiary name
Fuji Seal West, Inc.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)63

Scope 2, location-based emissions (metric tons CO2e)
2,869

Scope 2, market-based emissions (metric tons CO2e)
3,204

Comment

72

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

The main business includes the manufacturing and sale of pressure sensitive labels andspouted pouches, most of which are supplied to Fuji Tack, Inc. and Fuji Flex, Inc.

Subsidiary name
Fuji Seal Business Associe, Inc.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)8

Scope 2, market-based emissions (metric tons CO2e)6

Comment
The main business is the provision of administrative services to group companies inJapan.

Subsidiary nameAmerican Fuji Seal, Inc.
73

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)
20,568

Scope 2, location-based emissions (metric tons CO2e)36,496

Scope 2, market-based emissions (metric tons CO2e)
31,726

Comment
The main business includes the manufacturing and sale of shrink labels, pressure
sensitive labels, spouted pouches, and various packaging materials.

Subsidiary nameAmerican Fuji Technical Services, Inc.

Primary activity
Industrial machinery

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond74

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)36

Scope 2, location-based emissions (metric tons CO2e)444

Scope 2, market-based emissions (metric tons CO2e)
197

Comment
The main business includes the manufacturing, sale, and maintenance services of
packaging machinery.

Subsidiary name
Fuji Seal Packaging de Mexico, S.A. de C.V.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

75

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)
10,036

Scope 2, location-based emissions (metric tons CO2e)
8,636

Scope 2, market-based emissions (metric tons CO2e)8,367

Comment
The main business includes the manufacturing and sale of shrink labels and various
packaging materials.

Subsidiary name
Fuji Seal B.V.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number
76

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)0

Scope 2, market-based emissions (metric tons CO2e)0

Comment
Fuji Seal B.V. is excluded because its emissions are reported in Fuji Seal Europe B.V.
The company is a regional holding company in the European region, and holds sharesin and supports and manages the business activities of European group companies. Its
main business is the sale of shrink labels, spouted pouches, and various packaging
materials.

Subsidiary name
Fuji Seal Europe Ltd.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier
77

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Scope 1 emissions (metric tons CO2e)
2,603

Scope 2, location-based emissions (metric tons CO2e)
2,065

Scope 2, market-based emissions (metric tons CO2e)
1,488Comment
The main business includes the manufacturing and sale of shrink labels and various
packaging materials, most of which are supplied to Fuji Seal Europe S.A.S.

Subsidiary name
Fuji Seal France S.A.S.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)
1,757

Scope 2, location-based emissions (metric tons CO2e)
125
78

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Scope 2, market-based emissions (metric tons CO2e)
125

Comment
The main business includes the manufacturing and sale of shrink labels and various
packaging materials, most of which are supplied to Fuji Seal Europe S.A.S.

Subsidiary name
Fuji Seal Poland Sp.zo.o.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)
11,083

Scope 2, location-based emissions (metric tons CO2e)18,464

Scope 2, market-based emissions (metric tons CO2e)
16,915

Comment
The main business includes the manufacturing and sale of shrink labels and pressure
sensitive labels, most of which are supplied to Fuji Seal Europe S.A.S.
79

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Subsidiary name
Fuji Seal Europe B.V.

Primary activity
Industrial machinery

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)613

Scope 2, location-based emissions (metric tons CO2e)295

Scope 2, market-based emissions (metric tons CO2e)
150

Comment
The main business includes the manufacturing, sale, and maintenance services of
packaging machinery.

Subsidiary name
Fuji Seal Europe S.A.S.

Primary activity

80

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)0

Scope 2, market-based emissions (metric tons CO2e)0

Comment
The main line of business is the sale of shrink labels and various packaging materials.
Since this subsidiary has less than 10 employees working in the office and almost noCO2 emissions, it has been excluded as having no relevance to these emissions.

Subsidiary name
Fuji Seal Iberia, S.L.U.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond81

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)0

Scope 2, market-based emissions (metric tons CO2e)0

Comment
Since this subsidiary has less than 10 employees working in the office and almost noCO2 emissions, it has been excluded as having no relevance to these emissions.

Subsidiary name
Fuji Seal Switzerland AG

Primary activity
Industrial machinery

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

82

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)0

Scope 2, market-based emissions (metric tons CO2e)0

Comment
The main business is maintenance services for packaging machinery. Since thissubsidiary has less than 10 employees working in the office and almost no CO2emissions, it has been excluded as having no relevance to these emissions.

Subsidiary name
Fuji Seal Germany GmbHPrimary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

83

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)365

Scope 2, location-based emissions (metric tons CO2e)
1,089

Scope 2, market-based emissions (metric tons CO2e)
1,089

Comment
The main business includes the manufacturing and sale of pressure sensitive labels andpackaging machinery.

Subsidiary name
Fuji Seal Italy S.r.l.

Primary activity
Industrial machinery

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)84

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

25

Scope 2, location-based emissions (metric tons CO2e)29

Scope 2, market-based emissions (metric tons CO2e)29

Comment
The main business includes the manufacturing and sale of packaging machinery.

Subsidiary name
Fuji Seal Packaging (Thailand) Co., Ltd

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)12,283

Scope 2, location-based emissions (metric tons CO2e)17,968

Scope 2, market-based emissions (metric tons CO2e)17,96885

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Comment
The main business includes the manufacturing and sale of shrink labels, spouted
pouches, and various packaging materials, as well as the sale of packaging machinery.

Subsidiary name
Fuji Seal Engineering Co., Ltd.

Primary activity
Industrial machinery

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)2

Scope 2, location-based emissions (metric tons CO2e)26

Scope 2, market-based emissions (metric tons CO2e)26

Comment
The main business activities are sales of packaging machinery, maintenance services
and assembly operations.

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Subsidiary name
Fuji Seal Vietnam Co., Ltd.

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)
2,185

Scope 2, location-based emissions (metric tons CO2e)5,377

Scope 2, market-based emissions (metric tons CO2e)5,377

Comment
The main business includes the manufacturing and sale of shrink labels, spouted
pouches, and various packaging materials.

Subsidiary name
PT. Fuji Seal Indonesia

Primary activity
Other containers & packaging

Select the unique identifier(s) you are able to provide for this subsidiary87

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

No unique identifier

ISIN code – bond

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)0

Scope 2, market-based emissions (metric tons CO2e)0

Comment
The main business is the sale of shrink labels, various packaging materials andpackaging machinery. Since this subsidiary has less than 10 employees working in theoffice and almost no CO2 emissions, it has been excluded as having no relevance tothese emissions.

Subsidiary name
Fuji Seal India Pvt Ltd.

Primary activity
Industrial machinery

Select the unique identifier(s) you are able to provide for this subsidiary
No unique identifier

ISIN code – bond88

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

ISIN code – equity

CUSIP number

Ticker symbol

SEDOL code

LEI number

Other unique identifier

Scope 1 emissions (metric tons CO2e)0

Scope 2, location-based emissions (metric tons CO2e)0

Scope 2, market-based emissions (metric tons CO2e)0

Comment
The main business is the sale of various packaging materials and packaging machinery,
as well as maintenance services for packaging machinery. Since this subsidiary hasless than 10 employees working in the office and almost no CO2 emissions, it has been
excluded as having no relevance to these emissions.

C7.9(C7.9) How do your gross global emissions (Scope 1 and 2 combined) for thereporting year compare to those of the previous reporting year?
Decreased

C7.9a(C7.9a) Identify the reasons for any change in your gross global emissions (Scope 1
and 2 combined), and for each of them specify how your emissions compare to theprevious year.
Change inemissions(metric tons
CO2e)

Direction of Emissionschange invalue
emissions(percentage)

Please explain calculation

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Change inrenewableenergyconsumption

4,156

Increased

2.18

The use of renewable energy has
increased significantly due to PPAs
in the ASEAN region, RECs in theAmericas, and the introduction ofrenewable energy plans in Japan.
Since the total amount used is 4156
t-CO2eq, the ratio of emissions is
calculated as follows.
4156 ÷ 189778 × 100 = 2.18 %.

Otheremissions
reduction
activities

447

Decreased

0.24

The total emission reductions fromthe emission reduction activities
listed in C4.3b, both implemented
and in progress, excluding projects
related to renewable energy,
amounted to 447 t-CO2eq
Therefore, the percentage ofemissions is calculated as follows
447 ÷ 189778 × 100 = 0.24 %.

Divestment
Acquisitions
Mergers
Change in
outputChange inmethodology
Change inboundary
Change inphysicaloperatingconditions
Unidentified
Other

C7.9b
(C7.9b) Are your emissions performance calculations in C7.9 and C7.9a based on alocation-based Scope 2 emissions figure or a market-based Scope 2 emissions
figure?
Market-based90

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

C8. Energy
C8.1(C8.1) What percentage of your total operational spend in the reporting year was onenergy?
More than 5% but less than or equal to 10%

C8.2(C8.2) Select which energy-related activities your organization has undertaken.
Indicate whether your organization undertook this energyrelated activity in the reporting year
Consumption of fuel (excluding
feedstocks)

Yes

Consumption of purchased or
acquired electricity

Yes

Consumption of purchased or
acquired heat

No

Consumption of purchased or
acquired steamNo

Consumption of purchased or
acquired cooling

Yes

Generation of electricity, heat,steam, or cooling

Yes

C8.2a
(C8.2a) Report your organization’s energy consumption totals (excluding feedstocks)
in MWh.

Consumption of fuel(excluding feedstock)
Consumption ofpurchased or acquired
electricity

Heatingvalue

MWh from
renewable
sources

MWh from nonrenewablesources

Total (renewable
and nonrenewable) MWh

HHV (higher
heatingvalue)

0247,720

247,720

6,577

179,879

186,456

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Consumption ofpurchased or acquired
cooling

074

Consumption of selfgenerated non-fuelrenewable energy0

Total energy
consumption

6,577

74

0

427,651434,228

C8.2b
(C8.2b) Select the applications of your organization’s consumption of fuel.
Indicate whether your organization undertakes thisfuel application
Consumption of fuel for the generation ofelectricity

Yes

Consumption of fuel for the generation of
heat

Yes

Consumption of fuel for the generation of
steam

Yes

Consumption of fuel for the generation ofcooling

Yes

Consumption of fuel for co-generation or
tri-generation

No

C8.2c
(C8.2c) State how much fuel in MWh your organization has consumed (excluding
feedstocks) by fuel type.
Sustainable biomass
Heating value
Unable to confirm heating value

Total fuel MWh consumed by the organization0

MWh fuel consumed for self-generation of electricity0

MWh fuel consumed for self-generation of heat0

MWh fuel consumed for self-generation of steam
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

0

MWh fuel consumed for self-generation of cooling0Comment
No sustainable biomass is used

Other biomass
Heating value
Unable to confirm heating value

Total fuel MWh consumed by the organization0

MWh fuel consumed for self-generation of electricity0

MWh fuel consumed for self-generation of heat0

MWh fuel consumed for self-generation of steam0

MWh fuel consumed for self-generation of cooling0Comment
No biomass is used

Other renewable fuels (e.g. renewable hydrogen)Heating value
Unable to confirm heating value

Total fuel MWh consumed by the organization0

MWh fuel consumed for self-generation of electricity0

MWh fuel consumed for self-generation of heat0

MWh fuel consumed for self-generation of steam0

MWh fuel consumed for self-generation of cooling0Comment
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

No other sustainable fuels are used

Coal
Heating value
Unable to confirm heating value

Total fuel MWh consumed by the organization0

MWh fuel consumed for self-generation of electricity0

MWh fuel consumed for self-generation of heat0

MWh fuel consumed for self-generation of steam0

MWh fuel consumed for self-generation of cooling0Comment
No coal is used

Oil
Heating value
HHV

Total fuel MWh consumed by the organization
2,420

MWh fuel consumed for self-generation of electricity
173

MWh fuel consumed for self-generation of heat10

MWh fuel consumed for self-generation of steam
2,238

MWh fuel consumed for self-generation of cooling0Comment
Gasoline, diesel, kerosene, and heavy oil are included.

Gas
Heating value
HHV
94

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Total fuel MWh consumed by the organization
177,540

MWh fuel consumed for self-generation of electricity
13,818MWh fuel consumed for self-generation of heat0

MWh fuel consumed for self-generation of steam
163,722

MWh fuel consumed for self-generation of cooling0Comment
Natural gas, LPG and city gas are included.

Other non-renewable fuels (e.g. non-renewable hydrogen)Heating value
HHV

Total fuel MWh consumed by the organization
67,760

MWh fuel consumed for self-generation of electricity0

MWh fuel consumed for self-generation of heat0

MWh fuel consumed for self-generation of steam
67,760

MWh fuel consumed for self-generation of cooling0Comment
Volatile organic compounds (VOCs) from printing presses are included.

Total fuelHeating value
HHV

Total fuel MWh consumed by the organization
247,698

MWh fuel consumed for self-generation of electricity
13,96995

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

MWh fuel consumed for self-generation of heat
67,770

MWh fuel consumed for self-generation of steam
165,960

MWh fuel consumed for self-generation of cooling0Comment

C8.2d(C8.2d) Provide details on the electricity, heat, steam, and cooling your organization
has generated and consumed in the reporting year.
Total Gross
generation(MWh)

Generation that isconsumed by theorganization (MWh)Gross generationfrom renewablesources (MWh)Generation fromrenewable sources that isconsumed by theorganization (MWh)Electricity 20,568

13,991

6,577

6,577

Heat

10

10

0

0

Steam

233,720

233,72000Cooling

0

0

0

0

C8.2e
(C8.2e) Provide details on the electricity, heat, steam, and/or cooling amounts thatwere accounted for at a zero or near-zero emission factor in the market-based Scope
2 figure reported in C6.3.

Country/area of low-carbon energy consumption
Japan

Sourcing method
Retail supply contract with an electricity supplier (retail green electricity)

Energy carrier
Electricity

Low-carbon technology type
Renewable energy mix, please specify
Electricity has been purchased under a renewable energy plan with virtually zeroCO2 emissions by combining electricity from a power source configuration (e.g.
natural gas generation) with non-fossil certificates designated for renewable energy.
96

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Low-carbon energy consumed via selected sourcing method in the reporting
year (MWh)1,457Tracking instrument used
GEC

Country/area of origin (generation) of the low-carbon energy or energy
attributeJapan

Are you able to report the commissioning or re-powering year of the energy
generation facility?
No

Commissioning year of the energy generation facility (e.g. date of firstcommercial operation or repowering)

Comment
The Tokyo Office and Yamagata Plant have made contracts for the purchase ofelectricity derived from renewable energy sources with zero CO2 emissions.

Country/area of low-carbon energy consumption
United States of America

Sourcing method
Unbundled procurement of energy attribute certificates (EACs)

Energy carrier
Electricity

Low-carbon technology typeHydropower (capacity unknown)

Low-carbon energy consumed via selected sourcing method in the reporting
year (MWh)4,022Tracking instrument used
US-RECCountry/area of origin (generation) of the low-carbon energy or energy
attribute
United States of America

Are you able to report the commissioning or re-powering year of the energy
generation facility?
97

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

No

Commissioning year of the energy generation facility (e.g. date of firstcommercial operation or repowering)

Comment
Bardstown plant in US purchases electricity derived from renewable energy sources
under the Renewable Energy Certificate System (RECs). By purchasing approximately
10% of the electricity used at the plant through RECs, the plant is able to reduce CO2
emissions by more than 3,000 tons per year.

Country/area of low-carbon energy consumption
ThailandSourcing method
Purchase from an on-site installation owned by a third party (on-site PPA)

Energy carrier
Electricity

Low-carbon technology typeSolar

Low-carbon energy consumed via selected sourcing method in the reporting
year (MWh)489.5

Tracking instrument used
Contract

Country/area of origin (generation) of the low-carbon energy or energy
attribute
ThailandAre you able to report the commissioning or re-powering year of the energy
generation facility?
No

Commissioning year of the energy generation facility (e.g. date of firstcommercial operation or repowering)

Comment
In order to promote the use of renewable energy, we have started operation of a solar
power generation facility since September 2022 based on a Power Purchase Agreement(PPA)* at our Sinsakhon Plant in Thailand. This is the first time for Fuji Seal Group to
introduce a solar photovoltaic power station under the corporate PPA model. The
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

industrial/commercial
roof-mounted solar system, with a total area of 4,746 m2, is expected to generate 1.4
GWh of renewable energy and reduce CO2 emissions by approximately 721 tons per
year.

C8.2g
(C8.2g) Provide a breakdown by country/area of your non-fuel energy consumption in
the reporting year.

Country/areaJapan

Consumption of purchased electricity (MWh)47,273

Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)74

Consumption of self-generated heat, steam, and cooling (MWh)90,858

Total non-fuel energy consumption (MWh) [Auto-calculated]
138,205

Country/area
United States of America

Consumption of purchased electricity (MWh)63,140Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)82,690Total non-fuel energy consumption (MWh) [Auto-calculated]99

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

145,830

Country/area
MexicoConsumption of purchased electricity (MWh)4,662

Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)1,067

Total non-fuel energy consumption (MWh) [Auto-calculated]
5,729

Country/area
Germany

Consumption of purchased electricity (MWh)2,322Consumption of self-generated electricity (MWh)13

Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)1,000

Total non-fuel energy consumption (MWh) [Auto-calculated]
3,335

Country/area
Italy

Consumption of purchased electricity (MWh)88100Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)118

Total non-fuel energy consumption (MWh) [Auto-calculated]
206

Country/area
FranceConsumption of purchased electricity (MWh)2,666Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)4,403

Total non-fuel energy consumption (MWh) [Auto-calculated]
7,069

Country/area
United Kingdom of Great Britain and Northern Ireland

Consumption of purchased electricity (MWh)46,404

Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)104,226

101

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Total non-fuel energy consumption (MWh) [Auto-calculated]
150,630

Country/area
PolandConsumption of purchased electricity (MWh)21,826

Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)36,036

Total non-fuel energy consumption (MWh) [Auto-calculated]
57,862

Country/area
Netherlands

Consumption of purchased electricity (MWh)646

Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)1,886

Total non-fuel energy consumption (MWh) [Auto-calculated]
2,532

Country/area
Viet Nam

102

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Consumption of purchased electricity (MWh)5,977

Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)3,018

Total non-fuel energy consumption (MWh) [Auto-calculated]
8,995

Country/area
ThailandConsumption of purchased electricity (MWh)30,549Consumption of self-generated electricity (MWh)0Consumption of purchased heat, steam, and cooling (MWh)0Consumption of self-generated heat, steam, and cooling (MWh)20,415

Total non-fuel energy consumption (MWh) [Auto-calculated]
50,964

C9. Additional metrics
C9.1(C9.1) Provide any additional climate-related metrics relevant to your business.

103

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

C10. Verification
C10.1(C10.1) Indicate the verification/assurance status that applies to your reported
emissions.
Verification/assurance status
Scope 1

Third-party verification or assurance process in place

Scope 2 (location-based or market-based)

Third-party verification or assurance process in place

Scope 3

Third-party verification or assurance process in place

C10.1a(C10.1a) Provide further details of the verification/assurance undertaken for your
Scope 1 emissions, and attach the relevant statements.

Verification or assurance cycle in place
Annual process

Status in the current reporting year
Complete

Type of verification or assurance
Limited assurance

Attach the statement
検証意見書（英文）.pdf

Page/ section reference
Page 1 to 2: A letter of opinion from SGS regarding emission verification is attached.

Relevant standard
ISO14064-3

Proportion of reported emissions verified (%)
60

C10.1b
(C10.1b) Provide further details of the verification/assurance undertaken for your
Scope 2 emissions and attach the relevant statements.

104

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Scope 2 approach
Scope 2 location-based

Verification or assurance cycle in place
Annual process

Status in the current reporting year
Complete

Type of verification or assurance
Limited assurance

Attach the statement
検証意見書（英文）.pdf

Page/ section reference
Page 1 to 2: A letter of opinion from SGS regarding emission verification is attached.

Relevant standard
ISO14064-3

Proportion of reported emissions verified (%)
100

Scope 2 approach
Scope 2 market-based

Verification or assurance cycle in place
Annual process

Status in the current reporting year
Complete

Type of verification or assurance
Limited assurance

Attach the statement
検証意見書（英文）.pdf

Page/ section reference
Page 1 to 2: A letter of opinion from SGS regarding emission verification is attached.

Relevant standard
ISO14064-3

Proportion of reported emissions verified (%)

105

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

100

C10.1c(C10.1c) Provide further details of the verification/assurance undertaken for your
Scope 3 emissions and attach the relevant statements.

Scope 3 category
Scope 3: Business travel

Verification or assurance cycle in place
Annual process

Status in the current reporting year
Complete

Type of verification or assurance
Limited assurance

Attach the statement
検証意見書（英文）.pdf

Page/section reference
Page 1 to 2: A letter of opinion from SGS regarding emission verification is attached.

Relevant standard
ISO14064-3

Proportion of reported emissions verified (%)
100

Scope 3 category
Scope 3: Purchased goods and services

Verification or assurance cycle in place
Annual process

Status in the current reporting year
Complete

Type of verification or assurance
Limited assurance

Attach the statement

106

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

検証意見書（英文）.pdf

Page/section reference
Page 1 to 2: A letter of opinion from SGS regarding emission verification is attached.

Relevant standard
ISO14064-3

Proportion of reported emissions verified (%)
53

C10.2
(C10.2) Do you verify any climate-related information reported in your CDP disclosure
other than the emissions figures reported in C6.1, C6.3, and C6.5?
No, but we are actively considering verifying within the next two years

C11. Carbon pricing
C11.1(C11.1) Are any of your operations or activities regulated by a carbon pricing system(i.e. ETS, Cap & Trade or Carbon Tax)?
Yes

C11.1a(C11.1a) Select the carbon pricing regulation(s) which impacts your operations.
Japan carbon tax

C11.1c(C11.1c) Complete the following table for each of the tax systems you are regulatedby.
Japan carbon tax
Period start date
April 1, 2022

Period end date
March 31, 2023

% of total Scope 1 emissions covered by tax
28

Total cost of tax paid
7,070,963
107

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Comment
Global Warming Tax (formerly oil and coal tax) is JPY289/t-CO2e in 2022.Among Scope
1 emissions in Japan, the tax is levied on the energy-origin portion, 24,467 tons in 2022.
Therefore, 24,467 x 289 = JPY7,070,963 was paid.

C11.1d(C11.1d) What is your strategy for complying with the systems you are regulated by or
anticipate being regulated by?
We have set a goal of 6% reduction per unit of sales for GHG emissions Scope 1 + 2 by
FY2023, and are promoting reduction activities with the ultimate goal of achieving net zero
emissions by 2050. Specifically, in addition to the continuous introduction and renewal ofenergy-saving equipment, we are soliciting internal applications and implementing them while
utilizing an award system in order to stimulate energy-saving activities at the employee levelwithin the company. In addition, since an analysis of the breakdown of emissions within theGroup shows that emissions in the U.S. are significant, we have begun procuring renewableenergy certificates at the Bardstown plant in the U.S. from FY2022, which will reduce emissions
by 10% per year.

C11.2(C11.2) Has your organization canceled any project-based carbon credits within thereporting year?
No

C11.3
(C11.3) Does your organization use an internal price on carbon?
Yes

C11.3a(C11.3a) Provide details of how your organization uses an internal price on carbon.

Type of internal carbon priceShadow priceHow the price is determined
Alignment with the price of allowances under an Emissions Trading Scheme
Alignment with the price of a carbon tax

Objective(s) for implementing this internal carbon price
Change internal behavior
Drive energy efficiency
Drive low-carbon investment
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Identify and seize low-carbon opportunities
Navigate GHG regulations

Scope(s) covered
Scope 1
Scope 2

Pricing approach used – spatial variance
Uniform

Pricing approach used – temporal variance
Evolutionary

Indicate how you expect the price to change over time
As the time goes by, the price would fluctuate due to its availability of GHG reduction
solutions/innovations.

Actual price(s) used – minimum (currency as specified in C0.4 per metric ton
CO2e)12,000

Actual price(s) used – maximum (currency as specified in C0.4 per metric ton
CO2e)15,000Business decision-making processes this internal carbon price is applied toCapital expenditure
Procurement

Mandatory enforcement of this internal carbon price within these businessdecision-making processes
Yes, for some decision-making processes, please specify
The ICP application is limited to a ringi system in Japanese operation where major
investment plans are to be approved so that the company can monitor and adjust
the ICP level and its scope.

Explain how this internal carbon price has contributed to the implementationof your organization’s climate commitments and/or climate transition plan
The application of ICP makes one aware of how much GHG reduction can be madethrough investment and does favor in ROI calculation to accelerate such investment that
could not have been justified without the ICP process.

C12. Engagement
C12.1(C12.1) Do you engage with your value chain on climate-related issues?
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Yes, our suppliers
Yes, our customers/clients

C12.1a(C12.1a) Provide details of your climate-related supplier engagement strategy.

Type of engagement
Innovation & collaboration (changing markets)

Details of engagement
Run a campaign to encourage innovation to reduce climate impacts on products andservices% of suppliers by number
100% total procurement spend (direct and indirect)
100% of supplier-related Scope 3 emissions as reported in C6.5
0

Rationale for the coverage of your engagement
In order to reduce CO2 emissions, we are working on the development of new materials
and products in cooperation with suppliers who can reduce environmental impacts.
Specifically, we are working more actively with film and ink manufacturers for shrinklabels, pressure sensitive labels and spouted pouches to develop new environmentallyfriendly products. In addition, we are also working to reduce the environmental impact of
secondary materials because the market is demanding that we should reduce theenvironmental impact of our products as a whole. This is why we are collaborating withall of our suppliers.

Impact of engagement, including measures of success
We expect synergetic collaborations with multi-stakeholders to result in CO2 emission
reduction in Scope 3. We define a success of collaboration as a realization of
specifications that meet target customer's requirements in a timely manner. For
example, one of our target markets, beverage manufacturers, demanded a high-speed
application machine for thinner flexible labels to achieve CO2 reduction as high as 50%
in total. Such high expectations had not been met until we launched the productcombination where the thinnest shrink labels in the packaging industry (co-developedwith film suppliers) are applied onto beverage containers at higher speeds by our newly
developed machines (product name: TLS). With less than half the thickness of
conventional labels, both total plastic usage and CO2 emissions can be reduced by
50%, with satisfying customer production demands at the same time. Our combinatorial
solution has reduced total plastic usage by 4,287 tons of CO2 in fiscal 2022 both
domestically and internationally.
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The shrink labels and application machines are being deployed mainly in Japan, wherea large quantity of our labels are supplied to the beverage industry, and sales turnoverof the labels and application machines increases each year in recognition of ourcontribution to CO2 reduction.

Comment

Type of engagement
Information collection (understanding supplier behavior)

Details of engagement
Collect GHG emissions data at least annually from suppliersCollect other climate related information at least annually from suppliers
In the supplier questionnaire, we confirmed environmental policies, proposals forcollaborative efforts to solve environmental issues, GHG emissions, compliance withchemical substance regulations, product weight, weight of recycled materials and plantderived materials in their products provided to us.

% of suppliers by number78% total procurement spend (direct and indirect)
89% of supplier-related Scope 3 emissions as reported in C6.5
8

Rationale for the coverage of your engagement
In order to reduce our CO2 emissions, we conduct an annual supplier survey on ourcollaboration with suppliers to determine their CO2 emissions and use of plant-basedmaterials. The percentage of our Scope 3 emissions from products and services
purchased from suppliers is 76%, which is the highest category in our Scope 3
emissions. Therefore, in order to effectively reduce CO2 emissions, we have
implemented a collaboration with our top 89% suppliers in terms of material purchases.

Impact of engagement, including measures of successAs a measure of success, we set a target of 80% or more as the response rate to the
supplier questionnaire, which quantitatively indicates the level of engagement. We
started with 10 main suppliers in FY2020 and expanded the scope to over 300 suppliers
in FY2022. This resulted in a 89% response rate for the number of suppliers. Based on
the response results, in cases where there are violations or potential problems regarding
mandatory/important items such as ethics, legal obligations, compliance, and the use of
conflict minerals, we initiate direct contact to confirm the current status and promote
improvements through guidance. The ultimate goal is to reduce Scope 3 emissions andenvironmental impact by deepening this engagement.

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Comment

C12.1b
(C12.1b) Give details of your climate-related engagement strategy with yourcustomers.

Type of engagement & Details of engagement
Collaboration & innovation
Run a campaign to encourage innovation to reduce climate change impacts% of customers by number
100% of customer - related Scope 3 emissions as reported in C6.5
10.7

Please explain the rationale for selecting this group of customers and scopeof engagement
10.7% of our Scope 3 emissions come from the use of our products at the customer'ssites, with shrink tunnels using steam contributing the largest percentage. For thisreason, we are developing energy-efficient production machinery, including shrink
tunnels that can reduce the amount of steam needed to finish shrink labeling. Therefore,
100% of our customers are targeted for energy reductions under the scope of thiscollaboration.

Impact of engagement, including measures of success
Since these collaborations are expected to result in a reduction of CO2 emissions in
Scope 3, the measure of success is the amount of CO2 reduction.
Specific target values are still under consideration, but the goal is to reduce Scope 3
emissions through design and operational innovations, such as reducing steam usage
through improved insulation and efficient heat utilization while meeting customer
requirements for even higher speeds and better overall performance.

C12.2(C12.2) Do your suppliers have to meet climate-related requirements as part of yourorganization’s purchasing process?
Yes, suppliers have to meet climate-related requirements, but they are not included in our
supplier contracts

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

C12.2a(C12.2a) Provide details of the climate-related requirements that suppliers have tomeet as part of your organization’s purchasing process and the compliancemechanisms in place.

Climate-related requirement
Waste reduction and material circularity

Description of this climate related requirement
In order to continue to be "a company that contributes to the realization of a sustainable
society," Fuji Seal Group has proposed a pledge (Group Supplier Conduct Policy) to its
suppliers in conducting business activities based on the FSG Code of Ethics, andrequests that all suppliers understand and agree with the purpose of this policy andcomply with it.
Specifically, we require our suppliers to contribute to energy and resource conservation,compliance with laws and regulations, reduction of greenhouse gas emissions, anddevelopment of low-carbon materials.

% suppliers by procurement spend that have to comply with this climaterelated requirement
80% suppliers by procurement spend in compliance with this climate-related
requirement
89

Mechanisms for monitoring compliance with this climate-related requirement
Certification
Supplier self-assessment
First-party verification

Response to supplier non-compliance with this climate-related requirement
Retain and engage

C12.3(C12.3) Does your organization engage in activities that could either directly or
indirectly influence policy, law, or regulation that may impact the climate?
Row 1
External engagement activities that could directly or indirectly influence
policy, law, or regulation that may impact the climate
Yes, our membership of/engagement with trade associations could influence policy, law,or regulation that may impact the climate
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Does your organization have a public commitment or position statement to
conduct your engagement activities in line with the goals of the Paris
Agreement?
Yes

Attach commitment or position statement(s)Fuji Seal International SBTi Commitment letter.pdf

Describe the process(es) your organization has in place to ensure that yourexternal engagement activities are consistent with your climate commitments
and/or climate transition plan
The Group Sustainability Committee has been established to promote and support
sustainability management at FSG.
At its monthly meetings, the Group Sustainability Committee decides on its structure
and action plans, deliberates on internal policies and regulations, and compiles
disclosed information. The committee members work with the secretariat and thedivisions in charge of corporate planning, human resources, legal affairs, environment,
safety and disaster prevention, and procurement to promote and execute sustainability
activities.
In addition, important sustainability-related matters, such as the approval of policies andregulations and the setting and disclosure of important targets, are reported anddiscussed at the Board of Directors meetings, and decisions are made after discussion.

C12.3b
(C12.3b) Provide details of the trade associations your organization is a member of, or
engages with, which are likely to take a position on any policy, law or regulation that
may impact the climate.

Trade association
Other, please specify
Plastic Packaging Recycling Council

Is your organization’s position on climate change policy consistent with
theirs?
Consistent

Has your organization attempted to influence their position in the reporting
year?
Yes, we publicly promoted their current position

Describe how your organization’s position is consistent with or differs fromthe trade association’s position, and any actions taken to influence theirposition
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

The Council for Promotion of Recycling of Plastic Containers and Packaging is abusiness association whose members are specified business associations andcompanies that promote the 3Rs of plastic containers and packaging. Fuji Seal ispromoting various 3R and environmentally friendly designs such as refillable pouches
and shrink mounts with brand owners, and is working together with the Council andother companies in the industry to build a rational recycling system for plastic packaging
and to promote the 3Rs. The CIPP endorses the "COOL CHOICE" initiative sponsoredby the Ministry of the Environment and disseminates it widely. "COOL CHOICE" is a
new national movement that will continue until 2030, and is an effort to make "smart
choices" that contribute to the fight against global warming, such as replacing products,
using services, and choosing lifestyles that contribute to the creation of a decarbonizedsociety.

Funding figure your organization provided to this trade association in thereporting year (currency as selected in C0.4)
400,000

Describe the aim of your organization’s funding
Fuji Seal participates in recycling-related organizations. We are deeply involved in therecycling system in each country, and are promoting initiatives to realize a recyclingoriented society such as recyclable packaging design. We believe that these activities
are actions that contribute to the transition to a low-carbon society.

Have you evaluated whether your organization’s engagement with this tradeassociation is aligned with the goals of the Paris Agreement?
Yes, we have evaluated, and it is aligned

C12.4(C12.4) Have you published information about your organization’s response to climatechange and GHG emissions performance for this reporting year in places other thanin your CDP response? If so, please attach the publication(s).

Publication
In mainstream reports

StatusComplete

Attach the document
有価証券報告書.pdf

Page/Section reference
P13-18 : Management Policy, Operating Environment, Tasks and Targets to Address,
Risks and Opportunities
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Content elements
Governance
Strategy
Risks & opportunities
Emission targets

Comment

C12.5(C12.5) Indicate the collaborative frameworks, initiatives and/or commitments related
to environmental issues for which you are a signatory/member.
Environmental
collaborative
framework, initiative
and/or commitment

Describe your organization’s role within each framework,
initiative and/or commitment

Row International
・Since July 2021 Fuji Seal Group has been committed to the UN
1
Sustainability & Carbon Global Compact corporate responsibility initiative and its principles in
Certification (ISCC)
the areas of human rights, labour, the environment and antiTask Force on Climate- corruption.
related Financial
・Since June 2021 Fuji Seal Group expressed its endorsement toDisclosures (TCFD)
the recommendations made in June 2017 by the Climate-Related
UN Global Compact

Financial Disclosure Task Force ("TCFD") established by the
Financial Stability Board.
In line with TCFD's recommendations, we began disclosing
information on climate-related business risks and business
opportunities on our website last fiscal year. Going forward, we willcontinue to reflect this information in our management strategy andfurther disclose information in an effort to enhance corporate value
as we move toward a low-carbon society.
・On March 2, 2021, Bardstown plant in American Fuji Seal Inc.
received the ISCC PLUS certification.
The Bardstown plant successfully obtained the ISCC PLUS
certification for the goal of actively handling shrink film containing
post-consumer recycled plastic (PCR).
Through these efforts, Fuji Seal Group will expand its portfolio ofenvironmentally friendly products and focus on creating products thatare friendly to people and the environment.

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C15. Biodiversity
C15.1(C15.1) Is there board-level oversight and/or executive management-level
responsibility for biodiversity-related issues within your organization?
Board-level oversight and/or executive management-level responsibility forbiodiversity-related issues
Row
1

No, but we plan to have both within the next two years

C15.2(C15.2) Has your organization made a public commitment and/or endorsed any
initiatives related to biodiversity?
Indicate whether your organization made apublic commitment or endorsed any initiatives
related to biodiversity
Row Yes, we have made public commitments only1

Biodiversity-related public
commitments
Other, please specify"2. Protection of Biodiversity" within
Basic Environmental Policy at Fuji
Seal Group

C15.3(C15.3) Does your organization assess the impacts and dependencies of its value
chain on biodiversity?
Impacts on biodiversity
Indicate whether your organization undertakes this type of assessment
No, but we plan to within the next two years

Dependencies on biodiversity
Indicate whether your organization undertakes this type of assessment
No, but we plan to within the next two years

C15.4(C15.4) Does your organization have activities located in or near to biodiversitysensitive areas in the reporting year?
Not assessed

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C15.5(C15.5) What actions has your organization taken in the reporting year to progress
your biodiversity-related commitments?
Have you taken any actions in the reporting period to progress your biodiversityrelated commitments?
Row
1

No, we are not taking any actions to progress our biodiversity-related commitments, but weplan to within the next two years

C15.6(C15.6) Does your organization use biodiversity indicators to monitor performanceacross its activities?
Does your organization use indicators to monitor
biodiversity performance?
Row
1

Indicators used to monitor
biodiversity performance

No, we do not use indicators, but plan to within thenext two years

C15.7(C15.7) Have you published information about your organization’s response tobiodiversity-related issues for this reporting year in places other than in your CDP
response? If so, please attach the publication(s).
Report typeContent
elements

Attach the document and indicate where in the document therelevant biodiversity information is locatedNopublications

C16. Signoff
C-FI(C-FI) Use this field to provide any additional information or context that you feel isrelevant to your organization's response. Please note that this field is optional and is
not scored.

C16.1(C16.1) Provide details for the person that has signed off (approved) your CDP climatechange response.
Job title

Corresponding job category

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Row 1

Director, Chairman and CEO

Chief Executive Officer (CEO)SC. Supply chain module
SC0.0(SC0.0) If you would like to do so, please provide a separate introduction to thismodule.

SC0.1(SC0.1) What is your company’s annual revenue for the stated reporting period?
Annual Revenue
Row 1

184,035,000,000

SC1.1(SC1.1) Allocate your emissions to your customers listed below according to thegoods or services you have sold them in this reporting period.

Requesting member
KAO Corporation

Scope of emissions
Scope 1

Scope 2 accounting method

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e5,973

Uncertainty (±%)
20

Major sources of emissions
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Combustion treatment of VOCs generated in production lines such as printing presses
when manufacturing shrink labels, pressure-sensitive labels, and pouches.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
12,778,279,547

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the production plants, and the total emission is certified
through a third-party verification. The majority of Kao's sales are in Japan, and thelargest Scope 1 emission source in Japan is the combustion treatment of VOCs
generated in the printing process. Since this calculation is based on the ratio of sales
turnover for Kao to the sales of the entire company, it does not take into account the
specificity of the products themselves.

Requesting member
KAO Corporation

Scope of emissions
Scope 2

Scope 2 accounting method
Market-based

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e7,204

Uncertainty (±%)

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20

Major sources of emissions
Electricity consumption at production lines such as printing presses when manufacturing
shrink labels, pressure-sensitive labels, and pouches.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
12,778,279,547

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the production plants, and the total emission is certified
through a third-party verification. The majority of Kao's sales are in Japan, and thelargest Scope 2 emission source in Japan is electricity consumption at production lines.
Since this calculation is based on the ratio of sales turnover for Kao to the sales of theentire company, it does not take into account the specificity of the products themselves.

Requesting member
KAO Corporation

Scope of emissions
Scope 3

Scope 2 accounting method

Scope 3 category(ies)Category 1: Purchased goods and services
Category 2: Capital goods
Category 3: Fuel-and-energy-related activities (not included in Scopes 1 or 2)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting
Category 11: Use of sold products
Category 12: End-of-life treatment of sold products

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Category 13: Downstream leased assets

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e100,215

Uncertainty (±%)
20

Major sources of emissions
The main sources of emissions include purchase of raw material for shrink labels,pressure sensitive labels, and spouted pouches as well as product disposal andprocessing products in labelers and steam tunnels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
12,778,279,547

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeAll company-wide Scope 3 emissions are included, and some are certified through athird-party verification. More than 90% of Scope 3 emissions are from Category 1. The
largest contribution to Category 1 emissions are material sourcing. This calculation isbased on the percentage of sales turnover for your company to the total sale turnover,so it does not take into account any specificity of the product itself.

Requesting member
Beiersdorf AG

Scope of emissions
Scope 1

Scope 2 accounting method

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Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e574

Uncertainty (±%)
20

Major sources of emissions
Natural gas used for production lines such as printing presses in the manufacture ofpressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,228,157,923

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the factories, and the total emission is certified a by third-party
verification. Most Beiersdorf products are produced at our Polish factory, and the largest
Scope 1 emission source at the Polish factory is natural gas used for production lines
such as the printing process. This calculation is based on the sales turnover for BDF asa percentage of the company's total sales and does not take into account the specificityof the products.

Requesting member
Beiersdorf AG

Scope of emissions
Scope 2123

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Scope 2 accounting method
Market-based

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e692

Uncertainty (±%)
20

Major sources of emissions
Electricity consumption at production lines such as printing presses when manufacturing
pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,228,157,923

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the factories, and the total emission is certified a by third-party
verification. Most Beiersdorf products are produced at our Polish factory, and the largest
Scope 2 emission source at the Polish factory is electricity used for production lines
such as the printing process. This calculation is based on the sales turnover for BDF asa percentage of the company's total sales and does not take into account the specificityof the products.

Requesting member
Beiersdorf AG

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Scope of emissions
Scope 3

Scope 2 accounting method

Scope 3 category(ies)Category 1: Purchased goods and services
Category 2: Capital goods
Category 3: Fuel-and-energy-related activities (not included in Scopes 1 or 2)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting
Category 11: Use of sold products
Category 12: End-of-life treatment of sold products
Category 13: Downstream leased assets

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e
9,632

Uncertainty (±%)
20

Major sources of emissions
The main sources of emissions include purchase of raw material for shrink labels,pressure sensitive labels, and spouted pouches as well as product disposal andprocessing products in labelers and steam tunnels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,228,157,923

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

All company-wide Scope 3 emissions are included, and some are certified through athird-party verification. More than 90% of Scope 3 emissions are from Category 1. The
largest contribution to Category 1 emissions are material sourcing. This calculation isbased on the percentage of sales turnover for your company to the total sale turnover,so it does not take into account any specificity of the product itself.

Requesting member
Clorox Company

Scope of emissions
Scope 1

Scope 2 accounting method

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e
671

Uncertainty (±%)
20

Major sources of emissions
Natural gas used for production lines such as printing presses in the manufacture ofshrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,434,658,000

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions made126

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Our company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the factories, and the total emission is certified a by third-party
verification. All Clorox products are produced at our US factories, and the largest Scope
1 emission source at the US factories is natural gas used for production lines such as
the printing process. This calculation is based on the sales turnover for Clorox as apercentage of the company's total sales and does not take into account the specificity ofthe products.

Requesting member
Clorox Company

Scope of emissions
Scope 2

Scope 2 accounting method
Market-based

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e809

Uncertainty (±%)
20

Major sources of emissions
Electricity consumption at production lines such as printing presses when manufacturing
shrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,434,658,000

Unit for market value or quantity of goods/services supplied
Currency

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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the factories, and the total emission is certified a by third-party
verification. All Clorox products are produced at our US factories, and the largest Scope
2 emission source at the US factories is electricity used for production lines such as theprinting process. This calculation is based on the sales turnover for Clorox as apercentage of the company's total sales and does not take into account the specificity ofthe products.

Requesting member
Clorox Company

Scope of emissions
Scope 3

Scope 2 accounting method

Scope 3 category(ies)Category 1: Purchased goods and services
Category 2: Capital goods
Category 3: Fuel-and-energy-related activities (not included in Scopes 1 or 2)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting
Category 11: Use of sold products
Category 12: End-of-life treatment of sold products
Category 13: Downstream leased assets

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e11,251

Uncertainty (±%)
20

Major sources of emissions

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The main sources of emissions include purchase of raw material for shrink labels,pressure sensitive labels, and spouted pouches as well as product disposal andprocessing products in labelers and steam tunnels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,434,658,000

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeAll company-wide Scope 3 emissions are included, and some are certified through athird-party verification. More than 90% of Scope 3 emissions are from Category 1. The
largest contribution to Category 1 emissions are material sourcing. This calculation isbased on the percentage of sales turnover for your company to the total sale turnover,so it does not take into account any specificity of the product itself.

Requesting member
The Coca-Cola Company

Scope of emissions
Scope 1

Scope 2 accounting method

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e5,206

Uncertainty (±%)
20

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Major sources of emissions
Combustion treatment of VOCs generated in production lines such as printing presses
when manufacturing shrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
11,138,014,625

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the production plants, and the total emission is certified
through a third-party verification. The majority of sales turnover for The Coca-Cola
Company are in Japan, and the largest Scope 1 emission source in Japan is the
combustion treatment of VOCs generated in the printing process. Since this calculation
is based on the ratio of sales turnover for The Coca-Cola Company to the sales of theentire company, it does not take into account the specificity of the products themselves.

Requesting member
The Coca-Cola Company

Scope of emissions
Scope 2

Scope 2 accounting method
Market-based

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e
6,279

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Uncertainty (±%)
20

Major sources of emissions
Electricity consumption at production lines such as printing presses when manufacturing
shrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
11,138,014,625

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the production plants, and the total emission is certified
through a third-party verification. The majority of sales turnover for the Coca-Cola
Company are in Japan, and the largest Scope 2 emission source in Japan is electricity
consumption at production lines. Since this calculation is based on the ratio of sales
turnover for the Coca-Cola Company to the sales of the entire company, it does not take
into account the specificity of the products themselves.

Requesting member
The Coca-Cola Company

Scope of emissions
Scope 3

Scope 2 accounting method

Scope 3 category(ies)Category 1: Purchased goods and services
Category 2: Capital goods
Category 3: Fuel-and-energy-related activities (not included in Scopes 1 or 2)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting

131Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Category 11: Use of sold products
Category 12: End-of-life treatment of sold products
Category 13: Downstream leased assets

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e87,351

Uncertainty (±%)
20

Major sources of emissions
The main sources of emissions include purchase of raw material for shrink labels,pressure sensitive labels, and spouted pouches as well as product disposal andprocessing products in labelers and steam tunnels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
11,138,014,625

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeAll company-wide Scope 3 emissions are included, and some are certified through athird-party verification. More than 90% of Scope 3 emissions are from Category 1. The
largest contribution to Category 1 emissions are material sourcing. This calculation isbased on the percentage of sales turnover for your company to the total sale turnover,so it does not take into account any specificity of the product itself.

Requesting member
Nissin Foods Holdings Co., Ltd.

Scope of emissions
Scope 1

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Scope 2 accounting method

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e308

Uncertainty (±%)
20

Major sources of emissions
Combustion treatment of VOCs generated in production lines such as printing presses
when manufacturing shrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
658,389,000

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation includes the all factories and offices, andthe total emission is certified through a third-party verification. The majority of sales
turnover for Nissin Foods Holdings Co., Ltd. Company are in Japan, and the largest
Scope 1 emission source in Japan is the combustion treatment of VOCs generated in
the printing process. Since this calculation is based on the ratio of sales turnover for
Nissin Foods Holdings Co., Ltd. to the sales of the entire company, it does not take into
account the specificity of the products themselves.

Requesting member
Nissin Foods Holdings Co., Ltd.

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Scope of emissions
Scope 2

Scope 2 accounting method
Market-based

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e
371

Uncertainty (±%)
20

Major sources of emissions
Electricity consumption at production lines such as printing presses when manufacturing
shrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
658,389,000

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation includes the all factories and offices, andthe total emission is certified through a third-party verification. The majority of sales
turnover for Nissin Foods Holdings Co., Ltd. are in Japan, and the largest Scope 2
emission source in Japan is electricity consumption at production lines. Since thiscalculation is based on the ratio of sales turnover for Nissin Foods Holdings Co., Ltd. tothe sales of the entire company, it does not take into account the specificity of the
products themselves.

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Requesting member
Nissin Foods Holdings Co., Ltd.

Scope of emissions
Scope 3

Scope 2 accounting method

Scope 3 category(ies)Category 1: Purchased goods and services
Category 2: Capital goods
Category 3: Fuel-and-energy-related activities (not included in Scopes 1 or 2)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting
Category 11: Use of sold products
Category 12: End-of-life treatment of sold products
Category 13: Downstream leased assets

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e5,163

Uncertainty (±%)
20

Major sources of emissions
The main sources of emissions include purchase of raw material for shrink labels,pressure sensitive labels, and spouted pouches as well as product disposal andprocessing products in labelers and steam tunnels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
658,389,000

Unit for market value or quantity of goods/services supplied
Currency

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Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeAll company-wide Scope 3 emissions are included, and some are certified through athird-party verification. More than 90% of Scope 3 emissions are from Category 1. The
largest contribution to Category 1 emissions are material sourcing. This calculation isbased on the percentage of sales turnover for your company to the total sale turnover,so it does not take into account any specificity of the product itself.

Requesting member
Kobayashi Pharmaceutical Co., Ltd.

Scope of emissions
Scope 1

Scope 2 accounting method

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e458

Uncertainty (±%)
20

Major sources of emissions
Combustion treatment of VOCs generated in production lines such as printing presses
when manufacturing shrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
978,767,421

Unit for market value or quantity of goods/services supplied
Currency

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Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the production plants, and the total emission is certified
through a third-party verification. The majority of sales turnover for Kobayashi
Pharmaceutical Co., Ltd. are in Japan, and the largest Scope 1 emission source inJapan is the combustion treatment of VOCs generated in the printing process. Since thiscalculation is based on the ratio of sales turnover for Kobayashi Pharmaceutical Co.,
Ltd. to the sales of the entire company, it does not take into account the specificity of the
products themselves.

Requesting member
Kobayashi Pharmaceutical Co., Ltd.

Scope of emissions
Scope 2

Scope 2 accounting method
Market-based

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e552

Uncertainty (±%)
20

Major sources of emissions
Electricity consumption at production lines such as printing presses when manufacturing
shrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
978,767,421
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Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the production plants, and the total emission is certified
through a third-party verification. The majority of sales turnover for Kobayashi
Pharmaceutical Co., Ltd. are in Japan, and the largest Scope 2 emission source inJapan is electricity consumption at production lines. Since this calculation is based on
the ratio of sales turnover for Kobayashi Pharmaceutical Co., Ltd. to the sales of theentire company, it does not take into account the specificity of the products themselves.

Requesting member
Kobayashi Pharmaceutical Co., Ltd.

Scope of emissions
Scope 3

Scope 2 accounting method

Scope 3 category(ies)Category 1: Purchased goods and services
Category 2: Capital goods
Category 3: Fuel-and-energy-related activities (not included in Scopes 1 or 2)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
Category 7: Employee commuting
Category 11: Use of sold products
Category 12: End-of-life treatment of sold products
Category 13: Downstream leased assets

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e
7,676

Uncertainty (±%)
20

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Major sources of emissions
The main sources of emissions include purchase of raw material for shrink labels,pressure sensitive labels, and spouted pouches as well as product disposal andprocessing products in labelers and steam tunnels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
978,767,421

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeAll company-wide Scope 3 emissions are included, and some are certified through athird-party verification. More than 90% of Scope 3 emissions are from Category 1. The
largest contribution to Category 1 emissions are material sourcing. This calculation isbased on the percentage of sales turnover for your company to the total sale turnover,so it does not take into account any specificity of the product itself.

Requesting member
S.C. Johnson & Son, Inc.

Scope of emissions
Scope 1

Scope 2 accounting method

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e592

Uncertainty (±%)
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20

Major sources of emissions
Natural gas used for production lines such as printing presses in the manufacture ofshrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,266,215,139

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the production plants, and the total emission is certified
through a third-party verification. The majority of sales turnover for SCJ are in US andEurope, and the largest Scope 1 emission source in Japan is the combustion treatmentof VOCs generated in the printing process. Since this calculation is based on the ratio ofsales turnover for SCJ Company to the sales of the entire company, it does not take into
account the specificity of the products themselves.

Requesting member
S.C. Johnson & Son, Inc.

Scope of emissions
Scope 2

Scope 2 accounting method
Market-based

Scope 3 category(ies)

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e140

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

714

Uncertainty (±%)
20

Major sources of emissions
Electricity consumption at production lines such as printing presses when manufacturing
shrink labels and pressure-sensitive labels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,266,215,139

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeOur company-wide GHG emission calculation excludes the oversea sales offices only,
which are independent of the production plants, and the total emission is certified
through a third-party verification. The majority of sales turnover for the SCJ are in US
and Europe, and the largest Scope 2 emission source in Japan is electricity
consumption at production lines. Since this calculation is based on the ratio of sales
turnover for SCJ to the sales of the entire company, it does not take into account the
specificity of the products themselves.

Requesting member
S.C. Johnson & Son, Inc.

Scope of emissions
Scope 3

Scope 2 accounting method

Scope 3 category(ies)Category 1: Purchased goods and services
Category 2: Capital goods
Category 3: Fuel-and-energy-related activities (not included in Scopes 1 or 2)
Category 4: Upstream transportation and distribution
Category 5: Waste generated in operations
Category 6: Business travel
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Category 7: Employee commuting
Category 11: Use of sold products
Category 12: End-of-life treatment of sold products
Category 13: Downstream leased assets

Allocation level
Company wide

Allocation level detail

Emissions in metric tonnes of CO2e
9,930

Uncertainty (±%)
20

Major sources of emissions
The main sources of emissions include purchase of raw material for shrink labels,pressure sensitive labels, and spouted pouches as well as product disposal andprocessing products in labelers and steam tunnels.

VerifiedNo

Allocation method
Allocation based on the market value of products purchased

Market value or quantity of goods/services supplied to the requesting member
1,266,215,139

Unit for market value or quantity of goods/services supplied
Currency

Please explain how you have identified the GHG source, including major
limitations to this process andassumptions madeAll company-wide Scope 3 emissions are included, and some are certified through athird-party verification. More than 90% of Scope 3 emissions are from Category 1. The
largest contribution to Category 1 emissions are material sourcing. This calculation isbased on the percentage of sales turnover for your company to the total sale turnover,so it does not take into account any specificity of the product itself.

SC1.2(SC1.2) Where published information has been used in completing SC1.1, pleaseprovide a reference(s).
The emission data and total sales turnover to calculate Scope 1 and Scope 2 data are reported
in our integrated report. Please note that we do not disclose sales by customer.

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SC1.3(SC1.3) What are the challenges in allocating emissions to different customers, andwhat would help you to overcome these challenges?
Allocation challenges

Please explain what would help you overcome
these challenges

Diversity of product lines makes accurately
accounting for each product/product line
cost ineffective

The GHG emissions associated with your products
were calculated based on customer sales turnover withaverage CO2 emission intensity.
Our total GHG emissions were derived from all
disclosed sites that may not be related to yourproducts.
We strive to give the best possible answer in ouroperations, but the data accuracy may not be the bestin theory.
If greater accuracy is needed, additional resources andcapital investment to monitor may be required.

SC1.4(SC1.4) Do you plan to develop your capabilities to allocate emissions to yourcustomers in the future?
No

SC1.4b
(SC1.4b) Explain why you do not plan to develop capabilities to allocate emissions toyour customers.
Such additional resources and capital investment required for better accuracy may not bejustified due to the limited amount of business and expected cost effectiveness.

SC2.1(SC2.1) Please propose any mutually beneficial climate-related projects you could
collaborate on with specific CDP Supply Chain members.

Requesting member
KAO Corporation

Group type of project
New product or service

Type of project
New product or service that has a lower upstream emissions footprint

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Emissions targeted
Actions that would reduce both our own and our customers’ emissions

Estimated timeframe for carbon reductions to be realized
1-3 years

Estimated lifetime CO2e savings

Estimated payback
Cost/saving neutral

Details of proposal
Shrink labels, spouted pouches and pressure sensitive labels that promote the 4Rs:
reduce, reuse, recycle and renewable
For example
Environmentally friendly inks (e.g. biomass-based and water-based)-Shrink labels containing recycled materials-Recyclable shrink labels-Thinner shrink labels-Spouted pouches for reusable and replacable containers to reduce material-New solutions for specific requests

Requesting member
Beiersdorf AG

Group type of project
New product or service

Type of project
New product or service that has a lower upstream emissions footprint

Emissions targeted
Actions that would reduce both our own and our customers’ emissions

Estimated timeframe for carbon reductions to be realized
1-3 years

Estimated lifetime CO2e savings

Estimated payback
Cost/saving neutral

Details of proposal

144

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

Shrink labels, spouted pouches and pressure sensitive labels that promote the 4Rs:
reduce, reuse, recycle and renewable
For example
Environmentally friendly inks (e.g. biomass- and water-based)-Shrink labels containing recycled materials-Recyclable shrink labels-Spouted pouches for reusable and replacable containers to reduce material usage-New solutions for specific requests

Requesting member
Clorox Company

Group type of project
New product or service

Type of project
New product or service that has a lower upstream emissions footprint

Emissions targeted
Actions that would reduce both our own and our customers’ emissions

Estimated timeframe for carbon reductions to be realized
1-3 years

Estimated lifetime CO2e savings

Estimated payback
Cost/saving neutral

Details of proposal
Shrink labels, spouted pouches and pressure sensitive labels that promote the 4Rs:
reduce, reuse, recycle and renewable
For example
Environmentally friendly inks (e.g. biomass-based and water-based)-Shrink labels containing recycled materials-Recyclable shrink labels-Thinner shrink labels-Spouted pouches for reusable and replacable containers to reduce material-New solutions for specific requests

Requesting member
The Coca-Cola Company

Group type of project145

Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

New product or service

Type of project
New product or service that has a lower upstream emissions footprint

Emissions targeted
Actions that would reduce both our own and our customers’ emissions

Estimated timeframe for carbon reductions to be realized
1-3 years

Estimated lifetime CO2e savings

Estimated payback
Cost/saving neutral

Details of proposal
Shrink labels, spouted pouches and pressure sensitive labels that promote the 4Rs:
reduce, reuse, recycle and renewable
For example
Environmentally friendly inks (e.g. biomass- and water-based)-Shrink labels containing recycled materials-Recyclable shrink labels-Spouted pouches for reusable and replacable containers to reduce material usage-New solutions for specific requests

Requesting member
Nissin Foods Holdings Co., Ltd.

Group type of project
New product or service

Type of project
New product or service that has a lower upstream emissions footprint

Emissions targeted
Actions that would reduce both our own and our customers’ emissions

Estimated timeframe for carbon reductions to be realized
1-3 years

Estimated lifetime CO2e savings

Estimated payback
Cost/saving neutral

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Details of proposal
Shrink labels, spouted pouches and pressure sensitive labels that promote the 4Rs:
reduce, reuse, recycle and renewable
For example
Environmentally friendly inks (e.g. biomass-based and water-based)-Shrink labels containing recycled materials-Recyclable shrink labels-Thinner shrink labels-Spouted pouches for reusable and replacable containers to reduce material-New solutions for specific requests

Requesting member
Kobayashi Pharmaceutical Co., Ltd.

Group type of project
New product or service

Type of project
New product or service that has a lower upstream emissions footprint

Emissions targeted
Actions that would reduce both our own and our customers’ emissions

Estimated timeframe for carbon reductions to be realized
1-3 years

Estimated lifetime CO2e savings

Estimated payback
Cost/saving neutral

Details of proposal
Shrink labels, spouted pouches and pressure sensitive labels that promote the 4Rs:
reduce, reuse, recycle and renewable
For example
Environmentally friendly inks (e.g. biomass-based and water-based)-Shrink labels containing recycled materials-Recyclable shrink labels-Thinner shrink labels-Spouted pouches for reusable and replacable containers to reduce material-New solutions for specific requests

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Requesting member
S.C. Johnson & Son, Inc.

Group type of project
New product or service

Type of project
New product or service that has a lower upstream emissions footprint

Emissions targeted
Actions that would reduce both our own and our customers’ emissions

Estimated timeframe for carbon reductions to be realized
1-3 years

Estimated lifetime CO2e savings

Estimated payback
Cost/saving neutral

Details of proposal
Shrink labels, spouted pouches and pressure sensitive labels that promote the 4Rs:
reduce, reuse, recycle and renewable
For example
Environmentally friendly inks (e.g. biomass-based and water-based)-Shrink labels containing recycled materials-Recyclable shrink labels-Thinner shrink labels-Spouted pouches for reusable and replacable containers to reduce material-New solutions for specific requests

SC2.2(SC2.2) Have requests or initiatives by CDP Supply Chain members prompted yourorganization to take organizational-level emissions reduction initiatives?
No

SC4.1
(SC4.1) Are you providing product level data for your organization’s goods orservices?
No, I am not providing data

Submit your response
In which language are you submitting your response?
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Fuji Seal International, Inc. CDP Climate Change Questionnaire 2023 Friday, July21, 2023

EnglishPlease confirm how your response should be handled by CDP

Please select yoursubmission options

I understand that my response will be sharedwith all requesting stakeholders

Response
permission

Yes

PublicPlease confirm below
I have read and accept the applicable Terms

149