Company Overview

Corporate Philosophy

KIRIN brings joy to society by crafting food and healthcare products
inspired by the blessings of nature and the insights of our customers.

Trade Name

2027 Vision“One KIRIN”Values
PassionIntegrity

Sales revenue

Diversity

Our respect for different
perspectives and values thatenable constructive discussions,and our belief that the"differences" have the power tochange the world and create
better solutions.

Date of
Incorporation

February 23, 1907

*Kirin Brewery Co., Ltd. changes its name to Kirin Holdings Co., Ltd.
and becomes a holding company of the Kirin Group on July 1, 2007.

Head Oﬃce

NAKANO CENTRAL PARK SOUTH
10-2, Nakano 4-chome, Nakano-ku, Tokyo
164-0001, Japan

Paid-in Capital

102,045,793,357 yen

Number of
Employees

30,183 employees on a consolidated basis(as of December 31, 2023)
・ TNFD
TCFD*Inside: Normalized Operating Proﬁt,
Outside: Revenue (Actual results forthe year ended December 31, 2023)

Our gratitude to our stakeholders
for always helping us move
forward, and our promise toremain honest and humble inevery business activity to serve
them better.

Kirin Holdings Company, Limited

2,134.4billion yen

Other Businesses

6

Japan Beer andSpirits Businesses

4,716
324
Operating proﬁt

Pharmaceuticals Businesses

Kyowa Kirin Other

960

777

6,849

billion yen

8.5

8.0

8.0

2,550

Japan Non-alcoholic
Beverages Businesses

Kirin Beverage Other

6.0

Food & Beverages

200

4.0

150

4.2

Pharmaceuticals

Health science

Company
Kirin Brewery
Kirin Beverage
Lion
Kyowa Kirin
MercianCoca-Cola Beverages Northeast
Kyowa Hakko Bio
Other

0

156

171

177

100

2.0

Segment

(Yen)

50

21

22

23

0

21

22

23

Holistic Analysis of Risks
and Opportunities

2,810Japan Beer and Spirits Businesses
Japan Non-alcoholic Beverages Businesses
Oceania Integrated Beverages Businesses
Pharmaceuticals Businesses
Other Businesses

Profitability and growth
performance—Normalized EPS

169

324

Oceania Integrated
Beverages Businesses

Capital efficiency indicator—
Return on invested capital(ROIC)
(%)

201.5

4,419

Lion

Kirin Brewery Other

Financial Key Performance Indicators

Activity

MercianCoca-Cola Beverages Northeast
Kyowa Hakko Bio Other

Environmental
Strategy

A global leader in CSV, creating value across our world of Food & Beverages to Pharmaceuticals.

Our determination to continuously
provide our customers and society
with new value propositions basedon innovative ideas, and our
enthusiasm to meet goals with pridein the companies we work for andthe brands we offer.

Message fromTop Management

Corporate Data

The Kirin Group places CSV (Shared Value Creation) at the core of

economic value gained in our organization's capabilities.

creates value that gives back to society. In the value creation

its management. We will work to solve social issues through ourBusiness development through the three domains of food,model, the non-financial goal of the "environment" is shown as an

business activities and achieve sustainable growth together withmedicine, and health science requires the use of natural capital

important factor. Under "Kirin's Environmental Value Correlation,"society by simultaneously creating social and economic value.

and the resolution of environmental challenges such as container

we explain how environmental issues relate to the Kirin Group’s

The "value creation model" illustrates a sustainable mechanism

packaging and climate change. Through the resolution of thesevalue creation model.

for amplifying the two types of value creation by reinvesting theissues and the sustainable use of natural capital, our business

Environmental
Strategy

Corporate Philosophy
KIRIN brings joy to society by crafting food and healthcare products inspired by the blessings of nature and the insights of our customers

INPUT

BUSINESSFoundations for driving innovations

Business domains

84.9(Alcoholic andnon-alcoholic
beverages)

Financial key
performance indicators
Providing products andservices to build bonds
between people

ROIC

CAGR of normalized EPS

Maximized cash ﬂows

30,183 enployees(consolideted)(As of December 31 ,2023）

Health sciencein R&D expenses
in ﬁscal 2023

Providing products andservices to improve
peopleʼs quality of life

Non-ﬁnancial key
performance indicators
CSV Commitment

Pharmaceuticals

Continually developing
innovative new drugs

Kirin Group corporate governance

Employeeengagement score

A Responsible
Alcohol Producer

ICT accelerating
value creation

Realization of
CSV Purpose

Holistic Analysis of Risks
and Opportunities

Corporate brand value

Social value

Community
Engagementbillion yen

Economic value

The EnvironmentCoretechnologythat assuresvalue creation

Diversity andinclusion, culture
for innovation

The Kirin Group gives value
back to the society it serves

Activity

Food &
Beverages

7

The Group is leveraging its foundations for driving innovations
that enable its businesses to help society aroundthe world settle the issues

・ TNFD
TCFD

The Kirin Group is activating bussinesssynergies to approach social issues asopportunities for business growth

OUTCOME

Health andWell-being

Consumer centric
marketingexpertise

OUTPUT

Message fromTop Management

Value Creation ModelForce on Nature-related Financial Disclosures).

2023, recommends an integrated approach to climate and nature-in order to formulate the Kirin Group 2022-2024 Medium-term

In this process, we identify the issues that are most important torelated issues. In the 2013 Kirin Group Long-Term Environmental

Business Plan, which marks the second stage toward realizing

the Kirin Group and its stakeholders and consider where the Kirin

Vision, the Kirin Group adopted a holistic approach to address thethe Long-Term Management Vision, the Kirin Group Vision 2027,

Group can have positive impacts. As a result, we reconfirmed thatfour environmental issues of biological resources, water resources,

announced in 2022. Following the flow for identifying materiality,

the following four important themes related to the environment

containers and packaging, and climate change as "interrelated

we updated our social environment analysis and, through dialoguethat we set in the Kirin Group’s Environmental Vision 2050 are

environmental issues" rather than independent ones. This is awith internal and external stakeholders, discussion at the seniorhighly material for Kirin Group management: "Sustainable use

philosophy and concept that the Kirin Group has consistently

management level, and deliberations by the Board, we updatedof biological resources," "Sustainable use of water resources,"

pursued ever since it shifted its focus to environmental activities

our "Management Issues for Sustainable Growth (Group Materiality"Sustainable recycling of containers and packaging," andwith a global perspective. As a leading company that has adopted

Matrix)" with a 10-year outlook. In addition, there is a separate"Overcoming climate change."

the integrated approach, the Kirin Group aims to contributeexplanation of materiality in the general requirements of the TCFD

The TNFD Guidance (Recommendations of the Task Force onto the dissemination of this philosophy and the resolution of(Task Force on Climate-related Financial Disclosures)/TNFD (Task

Nature-related Financial Disclosures) v1.0, published in September

environmental issues.

Social environment
analysis
8

We identify issues that we need toaddress by referring to trends indiscussions and policies surrounding
the Kirin Group in Japan andoverseas, the results of scenario
analyses, and other factors

High

Step1

Management Issues for Sustainable Growth (Group Materiality Matrix) (Updated in 2022)

Creating bonds and trust forpeople's well-being

Provide pharmaceuticals for Unmet Medical Needs*1

Dealing with alcohol-related problems

Sustainable development of local communities
in raw material production areas andbusiness development regions

Ensuring food safety and security

Sustainable use of biological resources

Respect for human rights

・ TNFD
TCFD

Flow for the identification of materiality

Ensuring stable supply, safety and reliability
as a pharmaceutical company

Activity

Sustainable use of water resources

Step2

Step3

Step4
Deliberations by the
Board

Based on the input information,
senior management fully discusses
and assesses risks and opportunities
for our businesses and society

Overcoming climate change

Helping to improve
the performance ofbrain
functionand prevent de-cline

Support for the prevention of
non-communicable diseases

Support for maintaining the immune system

Promoting compliance

Human resource development to realize innovation

Ensuring occupational health and safety
Promoting diversity and inclusion
Improving the effectiveness of corporate governanceReinforcing risk management
Protection of personal information

After discussions among senior
management, the Board selects
and makes resolutions concerning
important themes for our sustainablesurvival and growth together withsociety in the future
Medium

Improvement ofaccess to nutrition

Enhancing the sustainability of food economy

Implementation of health management

Building sustainable logistics

Realization of a vibrant workplace/culture

Ensuring tax transparency

Countermeasures against cyber attacks

Strengthening group governanceImpact on the Group's business

Impact on the Group's businessHigh*1 Provision of pharmaceuticals for diseases for which there are no effective treatments, including rare diseases

Holistic Analysis of Risks
and Opportunities

Discussion at thesenior management
level

Sustainable recycling of container andpackaging resources

Impact on Stakeholders

Stakeholder
engagement

We reflect a diverse range of dialogue
with external experts, NGOs, andvarious other stakeholders indiscussions within the Kirin Group

Environmental
Strategy

The Kirin Group assessed the importance of sustainability issues

Message fromTop Management

Identification of Materiality

The Kirin Group has adopted an advanced disclosure framework

management to employees. This common understanding became

to further raise the level of environmental management. Aroundthe foundation for the improvement of environmental management.

trial initiatives. In anticipation of the 1992 Earth Summit in Rio de2008, we started responding to questionnaires from CDP (a non-Another common understanding within the company that complying

Janeiro, the Kirin Group established its Basic Policy for Addressing

governmental organization). At the time, ESG was not yet consideredwith advanced disclosure frameworks had contributed to improving

Global Environmental Issues in 1991. The following year, in 1993,

an important issue, but responding to CDP's questionnaire wasenvironmental management, and led us to become the first in the

we revised our management philosophy to state that "we aim toseen as an effective way to deepen understanding of global

world to attempt trial disclosure based on the beta version v0.1

be a corporate group that considers the global environment," andenvironmental issues. Appropriate responses to CDP led to the Kirinof the TNFD (Task Force on Nature-related Financial Disclosures)shifted our environmental management focus from pollution control

Group having a multi-layered understanding of environmental issues

framework.

to activities that take the entire planet into consideration. Since

and to the Kirin Group's Long-Term Environmental Vision, which was

Although trial disclosure involves risks, we believe that it enable

then, we have undertaken a number of industry-first initiatives,announced in 2013.

us to obtain a great deal of feedback, deepen our understanding

including making a corporate presentation at the Third Conference

Furthermore, in order to respond to the TCFD guidance publishedof environmental issues, clarify our vision, and advance ourof the Parties to the United Nations Framework Convention on

in 2017, the Kirin Group began conducting scenario analysis earlyenvironmental management. The Kirin Group will lead the way inon. As a result, the need to approach the environmental themes ofbuilding a decarbonized society, Nature Positive, and a recycling-"biological resources," "water resources," "containers and packaging,"oriented society by continuing its pioneering efforts to address

bottles the lightest in Japan in 2003, and making 100% of our paperand "climate change" as interrelated issues in an integrated mannerglobal environmental challenges.

containers FSC®-certified paper in 2020.

rather than as separate issues has spread to everyone fromEarth
SummitKyoto Protocol

1992

1997

The Tenth meeting of the Conferenceof the Parties (COP10) to theParis Agreement; SDGs
Convention on Biological Diversity

2010

2015

TCFD

2017

IPCC Special Report on Global Warming of 1.5°C

The Fifteenth meeting of the Conference of the Parties(COP15) to the Convention on Biological Diversity

2019

2021

持続可能な
サプライ
チェーン

社会の持続性へのインパクト

酒類
メーカー
としての
責任

安全・
安心の
確保

人権

環境

地域社会・
コミュニティ

人材・
組織風土

健康

コーポレートガバナンス

グループの事業へのインパクト●100% recycling achieved at
all breweries (1998)● Start of “Water Source
Forestation Activities” (1999)● Guidelines for the Procurement of
Sustainable Biological Resources andan Action Plan announced (2013)● Start of development and deploymentof lightweight medium bottles (2014)● Reduced weight for
all large bottles (2003)● Use of 100% recycled
PET bottles started (2014)● Formulation of the Kirin Group Basic Policy
on Initiatives Targeting Global Environmental Issues (1991)● "Consideration for the global environment"
speciﬁed in our Corporate Philosophy (1993)● Kirin Group's Long-Term Environmental
Vision announced (2013)● Responded to the CDP questionnaire (from 2008)● Announcement of CSV longterm and non-ﬁnancial targets“Kirin Group CSV Purpose” (2019)● Start of water source
conservation activities in
Sri Lankan tea farms (2018)● Expanded R100 PET bottles tocover the Nama-cha series（2021）● Launched year-round products using tea leaves
from certiﬁed farms in Sri Lanka (2021)●100% renewable energy purchased at
Kirin Breweryʼs Nagoya Plant (2021)● Kirin Group Action Plan for the Sustainable
Use of Biological Resources (2021)● Kirin Group Plastic Policy announced (2019)● Kirin Groupʼs Environmental
Vision 2050 announced (2020)● Trial disclosure based on the TCFD recommendations (2018)● Began continuous support for
donations of surplus inventory to
local governments
and food banks (2022)● Kirin Brewery used 100%
renewable energy for all
electricity purchased at
all its factories andsales oﬃces (2024)●100% of electric power purchased
at two Kyowa Kirin plants andthree research laboratories
converted to renewable energy(2023)● Joined the BusinessCoalition for a Global
Plastics Treaty (Japan) (2023)● Mariko Vineyard selected as an
approved site for biodiversity by the
Ministry of the Environment (2023)● Mariko Vineyard was approved asa site for biodiversity by the Ministryof the Environment (2023)● Development of Sri Lanka Tea Leaf
Scorecard started (2023)● Further enhancing thelevel of environmental
management● Trial disclosure based on the LEAP approach (2022)

Holistic Analysis of Risks
and Opportunities● Start of support for tea farms
in Sri Lanka to acquire Rainforest
Alliance certiﬁcation (2013)● First Japanese food and beverage company
to support the TCFD recommendations (2018)● Successfully developedmass plant propagation
technology for hops (2022)

2023● First food and beverage company
in Japan to execute atransition-linked loan (2023)

Activity● Group Materiality Matrix● Kirin Brewery's Kobe
● Action Plans for Becoming● Achieved use of FSC-certiﬁed● Became the ﬁrst global foodannounced (2016)
Plant, an advanced modela Low-Carbon Corporate
paper in 100% of paper containers
and beverage company tobrewery for low-carbon
Group announced (2009)
at Kirin Brewery, Kirin Beverage,
obtain approval for an SBT
and water-saving production,and Mercian (2020)
Net-Zero (2022)
FSC® C137754
completed (1997)● Invested in oﬀshore wind power● Survey of water risks to● Joined RE100 (2020)
generation (three sites) throughnatural capital and major
participation in a consortium (2022)● CSV Commitment announced
global business sites (2014)● Upgraded SBT to1.5℃ (2020)
as SDGs Initiative (2017)● Joined the Alliance to End Plastic Waste (2021)● Declaration of Support for Biodiversity● Expressed support and commitment to the● Became the ﬁrst food and beverage manufacturer
Conservation announced (2010)
United Nations Food Systems Summit 2021 (2021)
in Japan to be approved by SBT (2017)
医薬品
メーカー
としての
責任

TNFD recommendations
v. 1.0・ TNFD
TCFDClimate Change held in Kyoto in 1997, starting our Water Source
Forest Conservation Activities in 1999, making our returnable beer

Environmental
Strategy

9

The Kirin Group has stayed ahead of global trends and has raised thelevel of its environmental management by repeatedly implementing

Message fromTop Management

Global Trends and Kirin's Actions

Enrich the Earth with Positive Impact
Society has reached a major turning point against the backdrop of

the seriousness of the impact that climate change have on agricultural

has further developed the idea of an "integrated" approach thatgrowing global environmental problems, including the climate crisis,

products and water resources. We have learned that in order toholistically addresses complex and interrelated environmental issues(biological resources, water resources, containers and packaging, andpass on a sustainable Earth to future generations, it is not enough tosimply minimize negative impacts and achieve neutrality. Furthermore,climate change) into our revised "Kirin Group’s Environmental Vision

as water and agricultural products, are susceptible to environmental

corporate environmental policies are expected to evolve from being

2050" and "Positive Impact" approach, which were discussed andproblems and there is need to address such issues urgently.

self-contained within a company to having a positive impact on

resolved by the Board in 2020.

Through scenario analysis based on the TCFD recommendations,society as a whole.

Under this new Vision, together with the young people who will leadwhich has been conducted since 2017, the Kirin Group has grasped

In order to respond to such societal demands, the Kirin Groupthe future, we will create a prosperous world for the next generation.

Positive Impact

・ TNFD
TCFD

Important Message

Environmental
Strategy

the ongoing loss of biodiversity, and plastic pollution of the oceans.
Industries such as the Kirin Group, which rely on natural bounty such

Message fromTop Management

Kirin Group’s Environmental Vision 2050

Going beyond the scope of

10

Holistic
Biological
Resources

Water
Resources

Containers andPackaging

Climate Change

These are interrelated andindividual responses will
result in trade-oﬀs, so theymust be resolved in an
integrated manner.

A society that values
sustainable biologicalresources.

A society thatcirculates containers
and packaging in asustainable way.

Water
Resources

ClimateChangeA society thatvaluessustainable water
resources.

A society that has
overcome climatechange.

self-contained eﬀorts and initiatives,
we will expand the scope of oureﬀorts to include society as a whole,and build the future together withsociety, including the young people
who will lead future generations.

Holistic Analysis of Risks
and Opportunities

Environmental Materiality

Containers
and Packaging

Activity

Approach

Biological
Resources

Message fromTop Management

Expanding the Scope of Positive Impact
We have made some revisions to the "Environmental Value Correlation
Chart," which shows the Kirin Group's integrated approach, to clarify
that we will expand the scope of our positive impacts, which is a key

NatureSocialmessage of our Environmental Vision.
What we added was the "Landscape Approach" and the concept of"food systems."
In Sri Lanka, we decided that the procurement of certified tea leaves
we chose to support tea plantations in obtaining certification. The

Natural Capital

Containers
andPackaging

Used containers

Environmental
Strategy

alone would not ensure the sustainability of our production areas, so

Impacton nature

Kunming-Montreal Global Biodiversity Framework (GBF) refers to the"Landscape Approach" as a method that comprehensively addresses
the diverse human activities and natural environments of raw material
production areas and leads to sustainable solutions to problems. The
Sri Lankan case is also a solution to the problem through the concept

Water
Resources

processing, distribution, consumption, and waste. A one-dimensionalview that looks only upstream and downstream, with the company atBusiness
opportunities

the center, could fail to realize that there are negative trade-offs forothers outside the value chain, even if there seems to be a positive11

impact on the company. Although the landscape approach and thestable procurement of raw materials and brand improvement. So, we
have decided to clearly recognize and work on them as part of theKirin Group's integrated approach.

Biological
Resources(Agricultural products)

1

Sustainable
use

Nature positive

Dependencies

Strengths of Kirin Groupin Environmental Management
Technologicalcapability that assuresvalue creation*1

Kirin Group
products andservices

Continuous
engagement* 2

Physical risk
Transitional risk

Overcoming
climate change

Business
opportunities

Net-zero2
Help tea plantations
obtain certification

Farms that have obtained
certification are those with
sufficient financial resources

It takes a long time toobtain certified tea leaves

Not an immediate reality,
but sustainable tea leaves can besourced from production areas
Choosing to support
the certification of farms

Impacton nature

ClimateChangeGHG
emissions*1 Engineering and R&D capabilities (Kirin Central Research Institute, Institute of Health Sciences, Institute for Packaging Innovation)*2 Engagements: Contributions to rulemaking and policy recommendations (TCFD, SBTN, TNFD pilot test participation), various organizations (NGO: Rainforest
Alliance), FSC Japan, WWF Japan, Earthwatch Japan, etc. Consortiums: Consortium for Sustainable Paper Use, Rainforest Alliance Consortium, etc. Communities: Sri
Lanka Tea Plantation, areas around Mercian's own managed fields, etc. Next generation: Kirin School Challenge, Japan Environmental Youth Network, etc.

Holistic Analysis of Risks
and Opportunities

Select and procure
only sustainable tea leaves

This would result inabandoning farms that havethe will to pursue sustainableagriculture but lack the funds

value creation process

Ecosystem
services

Kirin's Initiative in Sri Lankan Tea Farms

Sustainable
recycling

Kirin Group

Systemicrisk

Maintaining andimproving food systems

Business
opportunities

Activity

approach treating food as a systems take time and effort, they havea positive impact on raw material producing areas and contribute to

Physical risk
Transitional risk

Creation ofa circular economy

・ TNFD
TCFD

of a "food system," which considers food not as an individual issue
such as agriculture, but as a single system involving food production,

Landscape approach

Physical risk
Transitional risk

ThemeA societythat values
sustainablebiologicalresources

A societythat values
sustainablewater
resources

12

Cultivate, expand andprocure sustainableagricultural raw
materials

Raw materials

Stand by the side offarmers to make raw
material production
areas sustainable

Supporting Sri Lankan
tea farms to obtain
Rainforest Alliancecertification

Commodities and ByProducts

Bring water, used asa raw material, to asustainable state

Water source
conservation activities
at Sri Lankan tea farms

Solve water issues
according to
the watershedcharacteristics ofbusiness locations

Water reduction

A societythat hasovercome
climatechangeDevelop anddisseminate
sustainable containers
and packaging

Kirin Group

Paper container

KB

2023

KBC

ME

100% (2020)

100%

100%

100%

Response to sustainable palm oil *Except palm kernel oil

KBC

ME

KIW

100% (2020)

100%

100%

100%

KB

KBC

ME

-75% (2025)

-81%

-92%

-90％

Total 4 farms

Total 4 farms

KB

Reduction of food waste (Compared with 2015 levels)

Number of large farms assisted to obtain
Rainforest Alliance certification (Number of farms trained) KBC

Total: 15 farms(2022 to 2024)

Number of small farms assisted to obtain
Rainforest Alliance certification (Number of farms trained) KBC

Total: 5,350 farms(2022 to 2025)－

Total number of certified large farms: 94 (2013 to 2022)－

Total 9 farms

Cumulative total of 120 small farms(2018 to 2022)

Total 629 farms

Number of water source conservation sites

KBC

5 sites (2020)12 sites

15 sites

24 sites

Reduction of water consumption rate

LN

2.4kl/kl (2025)

3.5kL/kL

3.6kL/kL

3.6kL/kL

KKC-40% (2030)

-25%

-33%

-36％

Rate of reduction of water use volumes (Compared with 2015 levels) KHB-32% (2030)

-52%

-52%

-61％

Ratio of usage of recycled resin for PET bottles

KB

KBC

ME

50% (2027)

4.9%

8.3%

28.0%

Use of FSC-certified paper for 6-can packs

KH

KB

KBC

ME

100% (2020)

100%

100%

100%

Use of FSC-certified paper for gift boxes

KH

KB

KBC

ME

100% (2020)

100%

100%

100%

Use of FSC-certified paper for drink boxes

KH

KB

KBC

ME

100% (2020)

100%

100%

100%

100% (2020)

100%

100%

100%

Rate of reduction of water use volumes (Compared with 2019 levels)

KB

KBC

ME

2021: First Japanese food company to join
Participation since inception in November
2023

AEPW (Alliance to End Plastic Waste)
Japan Business Coalition for a Global plastics Treaty
GHG emissions from the entire value chain

KG

Net-Zero (2050)

4,010ktCO2e4,110ktCO2e

3,942ktCO2e

GHG emission reduction rate –Scope 1 + Scope 2 (Compared with 2019 levels)

KG-50% (2030)

-14%

-18%

-31％

GHG emission reduction rate –Scope 3 (Compared with 2019 levels)

KG-30% (2030)

-12%

-8%

-10%

Renewable energy

Ratio of renewable energy in plant purchased electric power

KG

100% (2040)

17%

27%

42％

Reduction of GHGs
from agriculture

Measurement of GHG emissions from agricultural land,
GHG fixation by biochar from pruning waste

Reduction in GHGs

Realize Net-Zero GHG
emissions from theentire value chain

KH Kirin Holdings

Building a social
system

2022

KB

KH

Build a resourcerecycling system tomake containers andpackaging sustainable2021

Use of FSC-certified paper or recycled paper for office paper

Use of FSC-certified paper for cardboard cartons for products

Lead to build adecarbonized society
KG

Targets

Minor Item

Kirin Brewery

KBC Kirin Beverage

ME Mercian

KKC Kyowa Kirin

KHB Kyowa Hakko Bio

2024: Joint research begins at Château
Mercian Mariko Vineyard
LN

Lion KIW Koiwai Dairy Products

Holistic Analysis of Risks
and Opportunities

ClimateChangeprogress, including qualitative elements, is as follows.

Activity

A society thatcirculates
containers andpackaging ina sustainableway

plan that each business is working on to achieve the "CSV Purpose”.
Major ItemPET bottles

Containers
andPackagingbasis and reported to the Kirin Holdings Board of Directors. Current

・ TNFD
TCFD

Water
Resources

The status of their implementation is monitored on a quarterlyreflected in the "CSV Commitment", a medium- to long-term action

Environmental
Strategy

Biological
Resources

Initiatives to Achieve

Part of the "Initiatives to Achieve" of the Environmental Vision is

Message fromTop Management

Progress（2023）