Policy for Resilience to Climate Change

1. Recognition of climate-related issues
Keihanshin Building recognizes the resilience of our business to climate change and climaterelated issues as follows:（1）

As set forth in the IPCC’s Special Report on Global Warming of 1.5℃ (2018) and otherdocuments, the progress of climate change is a scientific fact. The progress of climatechange brings about dramatic changes to the natural environment and social structure, and
it is a critical issue that has an impact on the Company’s overall management and business.

（2）

The progress of climate change is expected to cause climate-related disasters such asincreasingly severe typhoons and heavy rains, frequent occurrences of heatwaves anddroughts, and continued rise in global sea levels. These events may have a significant impact
on the Company’s business.

（3）

Global efforts to mitigate climate change are expected to shift toward the decarbonizationof society and the economy, such as establishing mechanisms to reduce greenhouse gas(GHG) emissions and tightening regulations on emissions. These changes may have asignificant impact on the Company’s business.

（4）

With the recognition that the climate change problem is a systemic risk in finance, many
stakeholders, including investors, are calling for the disclosure of information related toclimate risks and opportunities. In particular, improving transparency by promoting thedisclosure of climate-related risks in line with the recommendations of the Task Force on
Climate-related Financial Disclosures (TCFD), is a critical issue for the Company.

（5）

Identifying, evaluating, and managing the risks and opportunities presented by climatechange, and strengthening the resilience of our business, is vital for securing sustainable andstable profits for the Company over the long-term.

2. Basic policy/Commitment
Based on the aforementioned recognition, we set forth the following items as our basic policy onresilience to climate change, as well as our commitment.
（1） The Company supports international targets established under the Paris Agreement, and willcontinue to work toward reducing GHG emissions in order to contribute to mitigatingclimate change.
（2） [Governance]
The Company has established our governance structure as follows to respond to climate
1change-related risks and opportunities.
(i) The Chief Sustainability Officer responsible for climate-related issues is the President, who
has the authority to make final decisions on matters related to sustainability promotion.
(ii) The Sustainability Executive responsible for climate-related issues is the Executive Officer
responsible for the administration of matters related to sustainability promotion.
(iii) The Sustainability Promotion Group reports regularly to the Chief Sustainability Officer
responsible for climate-related issues, within the Sustainability Committee, on mattersrelated to climate change response, such as the identification and evaluation of the impactof climate change, the management of risks and opportunities, the progress status ofinitiatives related to adaptation and mitigation, as well as the setting of indicators and targets.
After the attendees of the Sustainability Committee deliberate on and review various agenda
items, the Chief Sustainability Officer makes decisions on climate-related issues.
(iv) The Sustainability Executive responsible for climate-related issues and the Sustainability
Promotion Group report regularly to the Management Meeting and the Board of Directors
on the matters related to climate change response set forth in the preceding item. Based on
this, the Board of Directors oversees sustainability initiatives.
（3） [Strategy]
The Company has established, and appropriately implements, processes to identify, evaluate,and manage the impact of climate-related risks and opportunities on the Company’s
management activities, strategies, and financial plans. In identifying and evaluating climaterelated risks and opportunities, we utilize scientific and academic knowledge to ensure thatthese processes are carried out systematically and objectively.
（4） [Management of risks and opportunities]
By managing climate-related risks and opportunities that have been identified and promoting
initiatives to strengthen resilience, the Company aims to mitigate business risks and realize
opportunities to create value, as well as to secure sustainable and stable profits over the long-term.
（5） [Indicators and targets]
The Company has established indicators and targets to manage climate-related risks andopportunities. For the indicators, we pay attention to consistency with the Company’s
strategies and comprehensive risk management. Furthermore, we disclose information on thetargets we have set, including actual results achieved in relation to the targets.
（6） The Company supports TCFD recommendations, and discloses climate-related information
to our investors and other stakeholders in line with the recommended disclosure frameworks.

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