Climate-related Information Disclosuresin accordance with the TCFD Recommendations
SoftBank Group Corp.
Company names and abbreviations used in this disclosure, unless otherwise stated, are as follows.
- “SoftBank Group Corp.” or “SBG” ： SoftBank Group Corp. (non-consolidated basis)- “The Company”：SoftBank Group Corp. and its subsidiaries- “The Group”：SoftBank Group Corp. and its subsidiaries and associates

Natural disasters and other adverse events from climate change are becoming more severe every year. We
recognize that the continuous increase in greenhouse gas emissions could pose a significant impact on the global
environment, which is the foundation of our business activities. As a company invests in AI businesses, werecognize climate-related risks in the global environment and our business to implement proper countermeasures
to address them. We will also conduct our business activities with an awareness of the potential andopportunities of the technologies that contribute to solve climate change.

Governance
1.The Board's oversight of climate-related risks / opportunities
Board of Directors
At SoftBank Group Corp., the Board of Directors makes decisions on material sustainability matters. The Board of
Directors oversees the Company's climate-related actions by deliberating and deciding identification of climaterelated risks and opportunities, planning climate related actions, and setting group target regarding greenhousegas reductions. The Board of Directors also deliberates and decides the appointment of the Chief Sustainability
Officer (CSusO) and establishment of the Sustainability Committee, which are explained in the following sections.

2. Management's role in assessing and managing climate-related risks / opportunities
Chief Sustainability Officer (CSusO)
SBG has appointed Yotaro Agari as Chief Sustainability Officer (CSusO), who is also Head of Investor Relations
Department and Head of Sustainability Department. The CSusO is responsible for promoting sustainability in theGroup including establishing overall policies, setting indicators and goals, and promoting activities regarding
sustainability. The CSusO is also responsible for playing a leading role in climate-related actions such as
identifying risks and opportunities, planning and implementing actions, and setting group target regarding
greenhouse gas reductions based on the reporting received from each department of SBG and its major Group
companies.

1Sustainability Committee
SBG has established the Sustainability Committee, chaired by the CSusO and comprised of three members
including Board Director, Corporate Officer, Senior Vice President, CFO & CISO *1 (Head of Finance Unit & Head of
Administration Unit), Corporate Officer, Senior Vice President (Head of Accounting Unit), and Corporate Officer,
CLO *2& GCO *3 (Head of Legal Unit). The Sustainability Committee continually discusses material sustainabilityrelated issues for the Company and how to respond to the issues, and reports to the Board of Directors. The
Board oversees the Sustainability Committee upon receiving the reports. As for climate-related actions, theCommittee discusses the identification of climate-related risks and opportunities, planning of actions, and setting
group target regarding greenhouse gas reductions.

*1

CISO：Chief Information Security Officer*2

CLO：Chief Legal Officer*3

GCO：Group Compliance Officer

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Risk Management
At SBG, the Risk Management Office is responsible for integrated management of Group-wide risks in accordancewith “Risk Management Policy”. As for sustainability-related risks including climate change, the Sustainability
Department under the CSusO collects information through reports from major group companies and eachdepartment of SBG, and identifies risks taking into account discussions in the Sustainability Committee. In
addition, the Sustainability Department reports the identified risks, countermeasures and their status to the Risk
Management Office under the framework of the Group-wide risk management process on the above.
The Risk Management Office analyzes and assesses various risks including sustainability and theircountermeasures. For material risks that could have a significant impact on sustainable growth of the Group, theRisk Management Office collaborates with the parties involved in each risk in order to consider countermeasuresand monitor the effectiveness of such countermeasures. Material risks and the status of countermeasures arereported to and discussed by the Board of Directors and the Group Risk and Compliance Committee (GRCC) thatconsists of the Board Director and the Corporate Officers of SBG. Based on the results of discussions, the Risk
Management Office strives to strengthen the Group’s risk management system.

Sustainability Governance and Risk Management Structure3Strategy
1. Consideration process of climate change impacts and actions
SBG held twelve TCFD WG meetings in total to find out potential climate-related risks and opportunities of theCompany *1and then to consider the impacts of climate-related risks and opportunities may impose and theassociated actions. The Sustainability Committee and the Board of Directors discussed the impact of climatechange on the Company and necessary actions based on the discussion of the TCFD WG. Within our businesssegments, the scope of our discussion includes the Investment Business of Holding Companies, the SoftBank
Vision Funds, and the Latin America Funds*1 (the Company's Investment Business). As to the SoftBank segment,
SoftBank Corp. has already made its disclosure in accordance with the TCFD recommendations. Please refer to thefollowing websites for the disclosure of SoftBank Corp. in accordance with the TCFD recommendations.
SoftBank Corp. “Climate Change”:
https://www.softbank.jp/en/corp/sustainability/esg/environment/climate-change/
In addition, regarding SoftBank Vision Fund 1 in the SoftBank Vision Funds segment, SoftBank Vision Fund 1 plans
to make its disclosure, and regarding the Arm segment, Arm Holdings plc plans to make its disclosure, in
accordance with the U.K. Act similar to TCFD recommendations in fiscal 2024.
We applied two climate change scenarios, namely the 1.5°C scenario (a scenario where the global decarbonization
progresses) and the 4°C scenario (a scenario where the impact of climate change becomes significant due to thelimited level of global decarbonization) to analyze both the impact from transition to decarbonized society(transition risks and opportunities) and physical impact of climate change (physical risks and opportunities). With
regard to estimation of financial impacts of each identified risk and opportunity, we believe that we need further
discussion toward the disclosure of quantitative financial impacts because, at this point, availability of the data for
impact analysis of climate change on our portfolio companies in the Company's Investment Business is limited.
On the other hand, we believe that what important is in addressing climate change issues is that we understandthe climate-related risks and opportunities and integrate the response actions into our corporate management.
Based on this belief, in this disclosure, we have decided to disclose our perspective of climate-related risks andopportunities as well as associated impacts in a qualitative manner, while we will continue to discuss thequantitative estimation and disclosure of financial impacts on the Company.

*1 In this disclosure, “The Company” under the “Strategy” part（p.4-p.8）

means SoftBank Group Corp. and its subsidiaries under the Investment
Business of Holding Companies segment, the SoftBank Vision Funds segment, and the Latin America Funds segment. The Latin America Funds
segment was integrated into the SoftBank Vision Funds segment from fiscal 2022 Q1.

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2. Risks / opportunities and financial impact
Hereafter, we describe potential climate-related risks and opportunities on the Company's Investment Business.

Potential climate-related opportunities (Summary)New
investment

Growth of investment profit
by investment
in climate tech companies

Portfolio
company

Growth of corporate valueof our portfolio companies
by their implementation ofclimate-related actions

Financing

Expansion of financing
opportunities by gaining support
from investors due to our steadyclimate-related actions

Companies providing climate-related technologies and services(climate tech companies) are expected to achieve high growth
because of the growing importance of climate actions.
Investment in this area can lead to an increase in return on
investment.
Our portfolio companies can have opportunities to increase
their corporate value by implementing climate-related actions
such as reducing their greenhouse gas emission and providing
services that contribute to climate change mitigation andadaptation, which can lead to an increase in the equity value ofour portfolio.
Our steady implementation of climate-related actions such as
reduction of greenhouse gas emissions and climate-related
disclosure can consequently lead to obtaining support frominvestors who place importance on the climate-related
response of companies and expand our financing
opportunities.

Potential climate-related risks (Summary)New
investment

Portfolio
company

Financing

Concerns / avoidance frompotential investees
due to our inadequate
climate-related actions
Decrease in corporate value ofour portfolio companies
due to climate change risks

Decrease in financing opportunity
because of decline of reputation
with investors due to ourinadequate climate-related
actions

If our climate-related actions are significantly inadequate,
some potential investees that value climate-related responses
may be concerned about accepting our investment, which canlead to a decrease of investment opportunities.
Transition and physical risks of climate change could impose
negative financial impacts on our portfolio companies, which
can lead to a decrease in the equity value of our portfolio.
(Examples of potential risks)- Increased regulatory compliance costs due to more stringent
environmental regulations- Suspension of operations and damage to facilities due tonatural disasters- Loss of customers due to inadequate climate-related
response
If our climate actions are significantly inadequate, investors
who place importance on climate-related response ofcompanies may be concerned about investing in the Company,
which can lead to a decrease in our financing opportunities.

5Potential opportunities
As the world is tackling climate change, the demand for technologies contributing to climate change solutions is
expected to have a high growth potential. Some companies conducting AI business provide technologies andservices contributing to climate change solutions such as supply of renewable energy and expansion of lowcarbon transportation (climate tech companies). While the Company has invested in climate tech companies invarious sectors such as energy, transportation, and agriculture, we believe that active investments in these
sectors, whose market is expected to expand in the future, can lead to an increase in our investment profits.
We also recognize that there are growth opportunities for our portfolio companies ‘corporate value byimplementing climate-related actions such as reducing their greenhouse gas emissions and providing services andproducts that contribute to climate change mitigation and adaptation. For example, when companies operating
ride-sharing businesses provide environmentally friendly transportation services, or real estate companies
decarbonize their real estate portfolio, it enables them to respond to growing environmental awareness among
consumers, which can consequently lead to obtaining support from customers and increasing their revenues.
In addition, since more investors place importance on companies' responses to climate change, we believe that
our steady implementation of climate change response, such as reducing greenhouse gas emissions and disclosing
climate-related information, can eventually lead to obtaining support from investors who place importance on
responding to climate change, which can expand our financing opportunities.

Potential risks
There are entrepreneurs, among our potential investees, who are well aware of environmental and social issues,
including climate change, and value climate-related response of investors when they receive the investments. If
our climate actions are significantly inadequate, these entrepreneurs may avoid accepting funding from us,
potentially leading to a decrease in investment opportunities.
In addition, companies using AI, which we invest in, require a certain amount of electricity to operate theirbusinesses. Therefore, if greenhouse gas emissions regulations are tightened, these companies may incur
additional costs for energy conservation and introduction of renewable energy. Furthermore, an increase innatural disasters resulting from climate change that damage data centers and communications infrastructure maylead to a temporary suspension of business operations. These climate-related risks may havenegative impacts

on the financial condition of the portfolio companies, which can lower the value of the equity that the Company
owns and adversely affect the financial condition of the Company.
We aim to maximize investment returns from a medium-to long-term perspective by making large-scale
investments in high-growth-potential AI companies through SoftBank Vision Fund 1 and 2 and other funds.
Therefore, financing is essential for us to capture attractive investment opportunities. On the other hand, if ourclimate-related actions are significantly inadequate, it can consequently lead to a loss of investor support and to adecrease in our financing opportunities since more investors place importance on companies' responses toclimate change nowadays.

Our perspective of climate-related risks / opportunities and associated impacts
While aforementioned climate change risks could potentially result in a negative financial impact on our portfolio
companies, such risks are expected to be limited because AI companies tend to emit less greenhouse gases than6

fossil-fuel intensive sectors, and usually do not have large production facilities nor complex supply chains. Thismeans that both of their transition and physical risks are expected to be limited.
In addition, although insufficient climate-related actions of the Company could result in losing support ofinvestors and potential investees, which can lead to a decrease in financing opportunities and that of investment
opportunities, we believe that we are able to substantially avoid such risks by steadily implementing climaterelated actions.
Meanwhile, under the corporate philosophy of "Information Revolution — Happiness for everyone," we aim tocontribute to happiness for people through investing in human progress by building an ecosystem withentrepreneurs who have new technologies and business models. While natural disasters are becoming more
severe every year due to climate change and have various adverse effects on people's lives, we believe thatfinding companies with breakthrough climate-related technologies and services and actively investing in thesecompanies will lead to demonstration of our corporate philosophy, and eventually contributing to climate changesolutions.
The expectations and demands for technologies contributing to climate change solutions are expected to growfurther as a growing number of governments and companies declare their commitment to be carbon neutral or
net zero emissions toward a decarbonized society. In particular, we recognize an expansion of the areas where AI
and other software technologies can contribute, for instance, optimization of energy supply and consumption andimprovement of agricultural productivity. We will continue to invest in companies providing breakthroughclimate-related technologies and services and obtain opportunities due to their growth potential as well as we
contribute to climate change solutions through demonstrating our corporate philosophy.

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3. Actions
Based on the perspective described in the previous section "2. Risks / opportunities and financial Impact," we aretaking climate-related actions as follows.

Investments in companies providing climate-related technologies and services
We believe that active investments in climate tech companies will contribute to realization of our corporate
philosophy of "Information Revolution — Happiness for everyone," as well as bringing further growth to ourinvestment business. We have invested in a number of companies providing services contributing to climatechange solutions in various sectors such as energy, transportation, and agriculture. We will continue to consider
investments in such businesses, taking advantage of the knowledge and experiences we have accumulated.
Incorporating assessment of climate-related risks / opportunities into the investment process
In May 2021, SBG revised its "Portfolio Company Governance and Investment Guidelines Policy" to integrateassessment of risks and opportunities arising from environmental and social factors in both pre- and postinvestment evaluation process. This policy applies to SBG and its subsidiaries *1 and the assessment of climaterelated risks and opportunities has already been integrated into a part of the investment process.
Promoting engagement with portfolio companies related to climate change
As part of the engagement activities, SoftBank Vision Fund 1 and 2 held sustainability sessions with the portfolio
companies five times as of today. The sessions provide useful information for portfolio companies whenmanaging climate change such as the importance of disclosure in accordance with the TCFD recommendations
and the case studies of decarbonization in business. The sessions also serve as a forum for promoting
collaboration among portfolio companies, with the leaders from our portfolio companies conducting climate techbusinesses and/or making efforts for decarbonization participate in the sessions as panelists from time to time.
We will continue to support our portfolio companies in managing climate-related risks and opportunities throughour engagement activities on climate change and promoting collaborations among portfolio companies.
Reduction of greenhouse gas emissions from business activities
The Group is making efforts to reduce greenhouse gas emissions from business activities. The majority of SBG and
the Group companies’ greenhouse gas emissions come from the use of electricity. Therefore, as a step forward toachieve carbon neutrality, SBG and our group companies mainly focus on a shift to electricity generated fromrenewable energy sources. Meanwhile, electricity- and energy-saving measures utilizing IoT are also implemented
at the head office building, data centers, and other facilities.

*1 Including SoftBank Vision Funds and other fund subsidiaries managed by a subsidiary of SBG but excluding listed companies and subsidiaries that

the Group is restricted from controlling for regulatory reasons, and their subsidiaries

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Metrics and Targets
Group target
For further greenhouse gas emissions reduction, SBG set a group target *1 as below in June 2022 and aims to
reduce greenhouse gas emissions from business activities to net zero by fiscal 2030.
Group target*1

Achieve Carbon Neutrality by fiscal 2030

SBG has formulated a plan for reducing greenhouse gas emissions to achieve the group target. SBG and its major
subsidiaries are undertaking initiatives such as shifting to electricity generated from renewable energy sourcesand energy-saving.
SBG has achieved carbon neutrality *2 since fiscal 2020.

Targets of major subsidiaries
Under the group target, major subsidiaries have also set their own targets regarding greenhouse gas emissions
reduction, undertaking various initiatives to achieve the targets.
Major subsidiaries’ targets
Targets
SoftBank Corp.

LY Corporation

Arm Limited- Achieve Carbon Neutrality in its group by fiscal 2030*2- Achieve Net Zero in its group by fiscal 2050 *3- Achieve net-zero greenhouse gas emissions in LY Corporation by fiscal 2025*2- Achieve net-zero greenhouse gas emissions in its group by fiscal 2030*2- Convert 100% of electricity used by its group to renewable energy by 2023
- Achieve Net Zero in its group by 2030 *3

For greenhouse gas emissions reduction plan and the latest progress and record of performance of eachsubsidiary, please refer to the “Environmental Initiatives (Efforts to Address Climate Change)” page on our
website.
https://group.softbank/en/sustainability/environment#2

Greenhouse Gas Emissions
For greenhouse gas emissions of the Company, please refer to the “ESG Data” page on our website.
https://group.softbank/en/sustainability/esg_data#1*1 Applies to greenhouse gas emissions (Scope 1 and 2) from the business activities by SBG and its major subsidiaries which are, in principle, in

accordance with the "Major subsidiaries” in the Annual Report but there are some exceptions for reasons such as regulations*2 Applies to greenhouse gas emissions (Scope 1 and 2)*3 Applies to greenhouse gas emissions (Scope 1, 2 and 3)

9Date of issue
Date of revision
Date of revision

June 27, 2022
August 3, 2022
June 14, 2024

Disclaimers
This disclosure provides relevant information about SoftBank Group Corp. (“SBG”) and its subsidiaries (including together with SBG,
the “Company”) and its affiliates (together with the Company, the “Group”) and does not constitute or form any solicitation of
investment including any offer to buy or subscribe for any securities in any jurisdiction.
This disclosure contains forward-looking statements, beliefs or opinions regarding the Group, such as statements about theGroup’s future business, future position and results of operations, including estimates, forecasts, targets and plans for the Group.
Without limitation, forward-looking statements often include the words such as “targets,” “plans,” “believes,” “hopes,” “continues,”“expects,” “aims,” “intends,” “will,” “may,” “should,” “would,” “could,” “anticipates,” “estimates,” “projects” or words or terms ofsimilar substance or the negative thereof. Any forward-looking statements in this disclosure are based on the current assumptions
and beliefs of the Group in light of the information currently available to it as of the date hereof. Such forward-looking statements do
not represent any guarantee by any member of the Group or its management of future performance and involve known andunknown risks, uncertainties and other factors, including but not limited to, the success of the Group’s business model; the Group’s
ability to procure funding and the effect of its funding arrangements; key person risks relating to the management team of SBG; risks
relating to and affecting the Group’s investment activities; risks relating to any fund managed by a subsidiary of SBG, including SB
Global Advisers Limited , SB Investment Advisers (UK) Limited and any of their respective affiliates thereof (such funds together with,as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle collectively, the“SB Funds” and each an “SB Fund”), its investments, investors and investees; risks relating to SoftBank Corp. and the success of its
business; risks relating to law, regulation and regulatory regimes; risks relating to intellectual property; litigation; and other factors,
any of which may cause the Group’s actual results, performance, achievements or financial position to be materially different fromany future results, performance, achievements or financial position expressed or implied by such forward-looking statements. For
more information on these and other factors which may affect the Group’s results, performance, achievements or financial position,
see “Risk Factors” on SBG’s website at https://group.softbank/en/ir/investors/management_policy/risk_factor. None of the Groupnor its management gives any assurances that the expectations expressed in these forward-looking statements will turn out to becorrect, and actual results, performance, achievements or financial position could materially differ from expectations. Persons
viewing this disclosure should not place undue reliance on forward-looking statements. The Company undertakes no obligation to
update any of the forward-looking statements contained in this disclosure or any other forward-looking statements the Company
may make. Past performance is not an indicator of future results, and the results of the Group in this disclosure may not be indicativeof, and are not an estimate, forecast or projection of, the Group’s future results.
The Company does not guarantee the accuracy or completeness of information in this disclosure regarding companies (including,but not limited to, those in which SB Funds have invested) other than the Group which has been quoted from public and othersources.

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