Formulation of the "Daiwa Securities Group Net Zero Carbon Declaration" [PDF:504KB]

August 11, 2021

Press Release

Daiwa Securities Group Inc.

Formulation of the "Daiwa Securities Group Net Zero Carbon Declaration"

As announced in May 2021, the Daiwa Securities Group (the "Group") formulated its management vision "Vision 2030" putting the SDGs at the center of its strategy, and is promoting initiatives towards the transition to a carbon-neutral society and the realization of a resilient society.

Under these circumstances, towards the early achievement of a carbon-neutral society, the Group has formulated the "Daiwa Securities Group Net Zero Carbon Declaration" that commits to achieve net zero greenhouse gas emissions within our own operations* by 2030 (Scope 1 and Scope 2), and net zero greenhouse gas emissions across our investment and loan portfolios, etc. by 2050 (Scope 3).

And through our business activities, the Group will continue to support for customers' efforts towards decarbonization and for new technologies that contribute to the delivery of a carbon- neutral society.

The Group will continue to aim for the realization of the SDGs by creating a sustainable capital cycle, as well as to contribute to the creation of a sustainable and prosperous society.

* The company's emissions will be calculated on a consolidated basis.

End

(Reference) Daiwa Securities Group's SDGs Initiatives: https://www.daiwa-grp.jp/english/sdgs/

The Daiwa Securities Group Net Zero Carbon Declaration

The Daiwa Securities Group Net Zero Carbon Declaration

The Daiwa Securities Group's main priority areas

Sustainable finance for the delivery of

• • carbon-neutralsociety
• Promote green finance / transition finance
• Expand business investment in the renewable energy sector
• Strengthen engagement with investee firms

Reduce the environmental footprint

of the company

• Shift to 100% renewable energy
• Continue efficient use of energy
• Consider carbon offsetting

Support for new technologies and promote business solutions that contribute to the delivery of

• • carbon-neutralsociety
• Promote innovation (hydrogen, CCUS, etc.) and provide support for new technologies
• Expand our advisory business within the renewable energy sector

Set targets to align with the Paris

Agreement goals and expand

transparent information disclosure

• Analyze greenhouse gas emissions management methods for investment and loan portfolios
• Set intermediate targets for Scope 3 to align with the Paris Agreement goals by utilizing SBT, etc. (in FY2023)
• Ensure appropriate disclosures related to our climate change response (TCFD, etc.)

Provide investment opportunities that contribute to the delivery of a carbon-neutral society



and services

• Expand investment trusts with an environmental theme
• Arrange SDGs bonds including green bonds
• Promote SDGs-IPO in the environmental sector

Strengthen our management system

to achieve net zero carbon

• Revise and embed the Daiwa Securities Group "Environmental and Social Policy Framework"
• Embed sustainability elements into Corporate Executive Officers' compensation

1

* The company's emissions will be calculated on a consolidated basis.

The Daiwa Securities Group Net Zero Carbon Declaration [Roadmap for achieving Net Zero Carbon Emissions]

		final year for "Vision 2030"		Realize Japanese goverment
		(Realize the SDGs)		Carbon Neutrality
2021/4	2024/3	2030	2040	2050

					〜 〜
	Daiwa Securities Group's Management Vision "Vision 2030"
Medium-term Management Plan "Passion for the Best" 2023
The	Progress on	Shift to 100% renewable energy
net zero within our	Achieve
own operations	Continue efficient use of energy	by 2030
Daiwa			Consider carbon offsetting
				Set intermediate targets (in FY2023)
ZeroNetGroupSecurities	torelatedzeronet on Progress activitiesbusiness	through	Analyze emissions			sector
management methods	Expand business investment in the renewable energy
		Initiatives	for investment		Start monitoring
		within our
		investment	and loan portfolios		investment and loan
		and loan			portfolios
		portfolios			Strengthen engagement with investees
		Initiatives except	Promote reduction of emissions related to business travel, commuting, etc.
		investment and
		loan portfolios
		Initiatives		Promote green finance / transition finance
Carbon		business	Promote innovation (hydrogen, CCUS, etc.) and provide support for new technologies
	activities
Declaration			Provide investment opportunities that contribute to the delivery of a carbon-neutral society
		Strengthen our management system to achieve net zero carbon
			Appropriate disclosures related to climate change response (TCFD, etc.)
			Participate in international initiatives (SBT, etc.)
		Revise and embed the Daiwa Securities Group's "Environmental and Social Policy Framework"

Achieve by 2050

2