Annual Report on Fighting Against Forced Labour and Child Labour (FYE 3/2024)

1. Foreword
In accordance with section 11 of the Fighting Against Forced Labour and Child Labour in Supply Chains Act (Canada)(hereinafter called the “Act”), Marubeni Corporation (hereinafter called the “Company”, “We”, “Our” or “Us”) publishes thereport for the financial year ended 31 March 2024 (hereinafter called this “Report”). This Report has been approved by theboard of directors at its meeting on 15 May 2024.
(We also publish Slavery and Human Trafficking Statements in accordance with the Modern Slavery Act 2015 (the UK).)2.

About our business and supply chains and others

The Marubeni Group conducts business from 131 locations*¹ domestically and internationally, employing over 40,000
people*² from a diverse range of nationalities and ethnicities. Moreover, our multi-faceted and global business activities spana wide range of sectors. (*¹ and *² as of 31 March 2023).
In the financial year ended 31 March 2024 (hereinafter called “FYE 3/2024”), we were involved in the business and supply
chains related to 17 business areas (16 Divisions and 1 Department) comprising Lifestyle Division, IT Solutions Division,Food Division- I, Food Division- II, Agri Business Division, Forest Products Division, Chemicals Division, Metals & Mineral
Resources Division, New Energy Business Development Department, Energy Division, Power Division, Infrastructure Project
Division, Aerospace & Ship Division, Finance, Leasing & Real Estate Business Division, Construction, Industrial Machinery& Mobility Division, Next Generation Business Development Division, and Next Generation Corporate Development
Division (details can be found in our “Integrated Report 2023”).

3.

Policies in relation to respect for human rights

We have affirmed our respect for the human rights of all stakeholders who may be affected by our business activities and haveestablished the “Marubeni Group Basic Policy on Human Rights”. In addition, our “Compliance Manual”, which prescribes
the code of conduct that officers and employees of our group must abide by, lists respect for human rights among the items tobe observed. Furthermore, we recognise that the scope of our responsibilities covers not only our own company but also oursupply chains, including our business partners. We have established the “Basic Supply Chain Sustainability Policy” thatincludes a code of conduct that we expect our suppliers to comply with, and the “Marubeni Group Basic Policy on
Occupational Health and Safety” that aims to ensure the occupational health and safety of all Group employees and executives,contractors working at labour sites, business partners, and other related parties. We have also declared our support for the UN
Global Compact (UNGC), an international initiative advocated by the United Nations which specifies ten principles to beobserved by companies in four fields, namely, human rights, labour, environment and anti-corruption. We are working to-1-realise the ideals of the UNGC by supporting the ten principles.

4. Initiatives to prevent forced labour and child labour (including slavery and human trafficking) from arising
The initiatives we have undertaken in FYE 3/2024 are described below (details can also be found in the “Sustainable
Development Report 2024” and in the “Initiatives” section on the “Respect for Human Rights” of our website).
4.1. Our Human Rights Due DiligenceWe established our human rights due diligence mechanism in the financial year ended 31 March 2023 based on the UN
Guiding Principles on Business and Human Rights, the International Labour Organization (ILO) Declaration on
Fundamental Principles and Rights at Work (including the five core labour standards), and the OECD Guidelines forMultinational Enterprises and Due Diligence Guidance for Responsible Business Conduct, ISO 26000, SA8000, etc. In
order to identify areas to be prioritised for investigation, we conducted risk mapping, by considering the sector, product,
geographic, and enterprise-level risks and the anticipated potential adverse impacts on human rights (as well as the severity(scale, scope and irremediability) and likelihood of occurrence).
In addition, during the process of establishing our mechanism, through engagement with various stakeholders and externalexperts (e.g. NGOs working towards respect for human rights, international organizations promoting the protection ofworkers’ rights, experts on human rights, etc.) as well as our internal discussions, we made efforts to identify important andhigh priority initiatives in order to improve the effectiveness of our human rights due diligence.
In FYE 3/2024, we have continued to investigate the areas identified to be prioritised for investigation based on the aboverisk mapping conducted in the financial year ended 31 March 2023.
Our human rights due diligence can be divided into two approaches – (i) human rights due diligence related to supply chains,and (ii) human rights due diligence related to business projects where we are investor and/or operator.
4.1.a. Supply Chains
Based on the results of the aforementioned review, the Marubeni Group recognises that forced labour (including slavelabour) and child labour in its supply chain are salient human rights issues for its business.
To address these issues, for existing Supply Chains, we conducted human rights due diligence as follows.
In the financial year ended 31 March 2023, we conducted desktop investigations (15 cases) and on-site investigations(additional investigations, 3 cases) regarding suppliers operating in specific countries or regions (parts of South Americaand Southeast Asia) where there is a high risk of human rights violations in the food industry, related to meat products.
Furthermore, for FYE 3/2024, we expanded our investigation to suppliers in other high-risk industries, products, andregions that were identified through our mapping results. This includes suppliers across multiple industries and products
such as vegetable oils, beverage ingredients, fruits, and grains, focusing primarily on countries and regionsinternationally recognised for high concerns of forced labour (including slave labour) and child labour. In total, 44
investigations were conducted (33 desktop investigations, 10 local peripheral investigations, and 1 direct site visit).
Additionally, part of the investigation also included indirect suppliers beyond the secondary level. (No facts were foundas a result of these investigations that would lead to a real suspicion of forced labour or child labour. The investigations
were conducted in collaboration with an independent third-party specialist investigative body.)-2-For new Supply Chains, we conduct checks on suppliers with whom we plan to start doing business (limited to certain
high-risk sectors, products, and geographies) using specialist external databases, to confirm that they have not been
designated as subject to human rights sanctions and that there have been no adverse media indicating significant humanrights risks or incidents involving violations of human rights (specific verification has been carried out from April 2023).
Going forward, we will consider the phased expansion of the sectors, products, and geographies covered by these checks.
In addition, we communicate the “Marubeni Group Basic Policy on Human Rights” and “Basic Supply Chain
Sustainability Policy” mentioned above (together, hereinafter called our “Basic Policies”) to our suppliers, and request
their understanding, as well as cooperation and compliance with our Basic Policies. To date, as a Group, we have shared
the Basic Policies with approximately 23,000 suppliers and requested their cooperation.
4.1.b. Business Projects where we are Investor and/or Operator
For existing Business Projects, we conducted a written survey of all consolidated subsidiaries (and on-site inspections atsome consolidated subsidiaries), to assess the risk of human rights violations and confirm whether any human rights
violations (incidents) had actually occurred (financial year ended 31 March 2021). For those entities assessed as highrisk, we provide support and advice on how to prevent or mitigate the risks. However, the number of occurrences ofhuman rights violations (incidents) was zero.
After confirming the above (since the financial year ended 31 March 2022), we have continued to conduct annual
investigations to check whether any changes in business conditions and circumstances have occurred that affect the risk
assessment, and for those entities where changes have been identified, we confirm whether additional controls have been
implemented accordingly and provide support and advice for improvement if necessary.
For new Business Projects, we have established internal procedures for new investment and financing projects in order
to assess the risk of human rights violations and confirm whether or not any human rights issues exist. We maintained acoverage rate of 100% for the application of these internal procedures to new investment and financing projects in anyof the financial years ended 31 March 2022 and 2023, and FYE 3/2024.
4.2. Remedy (grievance mechanism)
In the financial year ended 31 March 2021, in line with our Basic Policy on Human Rights, we instituted an internal processthat serves as a grievance mechanism for complaints relating to human rights (redress). In the financial year ended 31 March2022, we set up internal rules and regulations relevant thereto, and in the financial year ended 31 March 2023, establisheda dedicated contact point on our website for submission of complaints about human rights violations. In the financial years
ended 31 March 2021, 2022 and 2023, and FYE 3/2024, no incidents of human rights violations in our business werereported.
4.3. Training
We have conducted internal training on human rights in various formats and occasions. In FYE 3/2024 we also conducted
such training as part of the webinars for executives and employees, as well as training programs for newly appointed
executive officers, department general managers, section general managers, mid-career hires, new graduates, and recruiting-3-