June 29, 2022
To whom it may concern
Company name

Wacoal Holdings Corp.

Representative
name

Hironobu Yasuhara
Representative Director, Presidentand CEO(Code No.:3591, TSE Prime Market)

Contact

Katsuya Hirooka
Corporate Officer, Head ofCorporate Planning Dept.
(Tel +81-75-682-1010)

Disclosure of Information Based On TCFD Recommendations
We hereby announce that we have disclosed information based on the TCFD* recommendations on June 29, 2022.

Place of Disclosure: The company website
Home > Sustainability > Environmental > Response to Climate Change
https://www.wacoalholdings.jp/en/sustainability/environment/activities/We believe that climate change, which has a significant impact on the Earth and corporate activities, is a risk
to the management of the Group, but also creates new business opportunities at the same time. The Company
believes that initiatives to solve and improve climate change issues will lead to the sound development of acompany and a sustainable society. Under this awareness, in September 2021, we expressed our support for therecommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Based on this analysis, we will promote the reduction of climate change risks and the expansion of business
opportunities. In addition, we will expand the scope of scenario analysis sequentially in the future, and we will
analyze risks and opportunities for the entire group.

* TCFD (Task Force on Climate-related Financial Disclosures):
A task force established by the Financial Stability Board (FSB) based on a request from G20 in 2015. In the final
report published in 2017, a recommendation was published urging companies to improve the disclosure ofinformation regarding the financial impact climate-related risks and opportunities have on the organization.

Response to the Task Force on Climate-related Financial Disclosures (TCFD)
We believe that climate change, which has a significant impact on the Earth and corporate activities,
is a risk to the management of the Group, but also creates new business opportunities at the sametime. The Group believes that initiatives to solve and improve climate change issues will lead to thesound development of a company and a sustainable society. Under this awareness, in September 2021,
we expressed our support for the recommendations of the Task Force on Climate-related FinancialDisclosures (TCFD). In 2022, we conducted a scenario analysis on climate change to clarify risks andbusiness opportunities.
Disclosure of four items based on TCFD recommendations
Item

Details of Disclosure

Governance

In April 2022, The Group established the Sustainability Committee to promotesustainability management and achieve both "solving social issues" and "corporategrowth" through business. The Sustainability Committee regularly meets on the same
day as the board of directors, and formulates concrete measures to address climatechange issues, monitors progress, and evaluates achievements. The Board ofDirectors receives reports from the Sustainability Committee and gives instructions
regarding the Group's policies and initiatives to respond to environmental issues.
In addition, to promote responses to climate change issues, we have established theSubcommittee for Carbon Neutral and the Subcommittee for Resource Circulation as
subordinate organizations.
Subcommittee for Carbon Neutral
In order to reduce the environmental impact and environmental risk of Wacoal
Group's business activities and to promote voluntary and active environmental
preservation activities, it will deliberate on activity policies and initiatives related toenvironmental issues, such as climate change measures and reducing theenvironmental load of back offices, and strategic investment projects related toenvironmental preservation, and monitor progress.
Subcommittee for Resource Circulation
In order to promote sustainable use of resources and materials in the supply chain,resource conservation measures, and waste reduction and recycling, and thereby
achieve a resource circulation society, it will deliberate on procurement policies andquality standards for environmentally-friendly materials, and monitor the progressof waste reduction in production and procurement activities.
The Representative Director, President, and Corporate Officer is responsible for theBoard of Directors and the Group Management Meeting, the highest decision-making
body at the business execution level, and is in overall charge of the Sustainability
Committee, which is chaired by the Representative Director, Vice President, andCorporate Officer.
System for promoting Sustainability:
https://www.wacoalholdings.jp/en/sustainability/system/

Strategy

The group is conducting scenario analysis sequentially, starting with businesses forwhich data can be analyzed, to assess the impact of risks and opportunities related
to climate change issues.
[Risks]The major risks affecting the Group's business, strategy, financial plans, etc. include
the intensification of extreme weather, such as storms and floods, and cost
increases for resources such as carbon and electricity.

[Opportunities]
The Group is promoting environmentally friendly activities, such as building a
manufacturing and sales system in which few products are discarded. In the future,
we will continue to promote business activities with a low environmental impact,
aiming to achieve the "Environmental Goals for 2030." As environmental awarenessis growing among consumers and society, we believe that business activities likethese will be an opportunity to boost sales for the Group.
Riskmanagement

The Group sorts and evaluates risks related to climate change at the Sustainability
Committee and its subordinate organizations, the Subcommittee for Carbon Neutral
and the Subcommittee for Resource Circulation. Monitoring and evaluation ofachievements for risk management are also carried out by the Sustainability
Committee and each subcommittee. Regarding the sorting and assessment of risks
related to climate change, the Sustainability Committee and each of its
subcommittees, of which the Representative Director, President, and Corporate
Officer is in overall charge, examine both upstream and downstream direct operations
and their impact on the entire Group from a short- to long-term perspective, andreport the results to the Board of Directors, which is a higher-level organization.
Ultimately, it is a process to identify and assess the risks of climate change issues
across the company.

Indicatorsand goals

The Group has set its own environmental activity goals for 2030 to promote efforts
to solve increasingly serious climate change issues and realize a carbon-free society.
Environmental goals for 2030
(1) In-house Emissions (Scope 1 & 2) "Zero" [Domestic offices]
Gradually switch to renewable energy, aiming to achieve net zero in-housegreenhouse gas emissions (Scope 1 & 2)
(2) Product disposal "Zero" [Wacoal Corp.]
Aim for zero discarded products and promote efforts to reduce disposal of wastematerials at plants(3) Environmentally friendly materials "50%" [Wacoal Corp.]
Increase the percentage of environmentally friendly materials used to 50%, suchas switching to recycled fibers and yarns(4) "20% Reduction" in Supply Chain Emissions (Scope 3) [Wacoal Business(domestic)]
Promote efforts with partner companies to reduce supply chain greenhouse gas
emissions (Scope 3) by 20%* For overseas business operations, we will start by understanding our own
emissions (Scope 1 & 2) and plan to disclose the targets by the end of March 2025.
Environmental goals for 2030：
https://www.wacoalholdings.jp/en/sustainability/environment/target/
Environmental data（Numerical results of the Wacoal Group’s operating bases in Japan）：
https://www.wacoalholdings.jp/en/sustainability/environment/activities/

Scenario analysis based on TCFD recommendations
In accordance with the recommendations of the TCFD, the Group conducted a scenario analysis on
climate change in 2022. In the scenario analysis, we examined countermeasures and identification ofrisks and opportunities for Wacoal Corp., which has the highest percentage of overall sales in the group,in two hypothetical scenarios in which the global temperature increased by 2°C and 4°C.
The scenario analysis showed that while a rise of 2°C had some positive impacts, such as gaining
support from environmentally conscious consumers, transition risks, such as the introduction of carbon
taxes, could have a negative impact on business. In addition, it was found that a rise of 4°C could leadto physical risks, such as storms, floods, and other extreme weather, that could have a negative impact
on business.
The scope of scenario analysis will be expanded sequentially in the future, and we will continue making
efforts to enable detailed risk analysis for the entire group.

Type of Risk or Opportunity
Transition

PhysicalPolicies
andregulationsExample

Impact2°C

4°C

Introductionof carbon tax

Risk

Increased
expenses due tothe introduction
ofenvironmental
taxes

Medium-Increased
retail prices
for electricity

Risk

Increased
electricity prices
due to theintroduction ofrenewableenergy

Small

Small

Reputation

Changes inconsumerawareness

Opportunity

Increasedconsumerdemand for theCompany's
environmentallyfriendly
products

Medium

Small

Acute

Increasedfrequency
and intensityof extreme
weather

Risk

Decreased
number ofbusiness days
for stores dueto the increased
frequency ofextreme
weather

MediumLargeCountermeasures∙ Introduce
renewable energy
and promote energy
conservation andcreation to avoid orreduce cost
increases∙ Work with suppliers
to promote reductionof CO2 emissions∙ Promote energy
conservation andcreation to lower theamount of electricity
supplied and avoid
or reduce cost
increases∙ Promote green
business activities,
including raising theratio ofenvironmentallyfriendly materials
used, such as
recycled fabrics∙ Contribute toreduced disposal ofclothing bypromoting highquality
manufacturing,allowing consumers
to use products for along time
∙ Promote a CX
strategy to reformthe business model.
Create a sales
system that cancover for the decline
in store sales
through e-commerceChronic

Increased
number of
rainy days
and higher
averagetemperatures

Risk
Opportunity

Opportunity

Increased
opportunities tostay home anddecreased
opportunities togo outside due
to changes inweatherpatterns

MediumMediumMediumMediumIncreasedawareness ofunderwear due
to climatechangeMediumMedium∙ Strengthen productdevelopment tomeet at-homeneeds, including
wireless bras
∙ Enhance theconvenience of oure-commerce tomitigate thedecrease incustomers'
opportunities anddesire to buy
products
・ Recognizechanges in consumer
needs due to climatechange and reinforce
the development offunctional products
to respond to them