Ichigo : Joins United Nations Global Compact Call for G20 Leaders to Commit to Achieving Paris Agreement's 1.5 Degrees Celsius Target

Make The World

More Sustainable

[Provisional Translation Only]

This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

September 30, 2021

Ichigo Inc. (Tokyo Stock Exchange First Section, 2337) Representative: Scott Callon, Chairman

Inquiries: Takanori Sakamatsu, Senior Statutory Executive Officer

Telephone: [phone]www.ichigo.gr.jp/en

Ichigo Joins United Nations Global Compact Call for G20 Leaders to Commit to Achieving Paris Agreement's 1.5 Degrees Celsius Target

Ichigo is a Japanese sustainable infrastructure company dedicated to making the world more sustainable. In keeping with its Ichigo 2030vision, Ichigo is growing its real estate and clean energy businesses to further contribute towards a sustainable society while growing long-term value for its shareholders. In line with this mission, Ichigo has signed the United Nations Global Compact ("UN Global Compact") and is working to accelerate its sustainability initiatives.

Together with other UN Global Compact signatories, Ichigo has signed an open letter (see attached) prepared by the We Mean Business Coalition1, a UN Global Compact partner, calling on G20 leaders to strengthen their actions aimed at achieving the Paris Agreement target of limiting global warming to 1.5 degrees Celsius compared to pre- industrial levels.

1 We Mean Business Coalition is a global non-profit coalition that works with companies to take action on climate change. Partners include the Climate Group, which leads the RE100 initiative, and the CDP, which runs the world's environmental disclosure system for companies, cities, states, and regions.

Ichigo's Social Contribution Commitment

Ichigo seeks to contribute to society across its three core businesses: Sustainable Real Estate, Clean Energy, and Asset Management.

In its Sustainable Real Estate business, Ichigo leverages its IT capabilities to integrate the "hard" physical elements and "soft" service elements of infrastructure in order to preserve and improve real estate and extend the useful life of buildings beyond 100 years.

The Clean Energy business makes productive use of idle land to produce renewable energy. Ichigo currently operates 53 solar and wind power plants across Japan with an output of 158.1MW, and has a further 14 plants in its pipeline bringing total planned output to 198.9MW.

Ichigo has declared its commitment towards a net zero carbon society and has joined the RE100, a global initiative to accelerate the transition of electricity used by businesses to 100% renewable energy. While the RE100 initiative targets sourcing 100% of electricity from renewable energy by 2050, Ichigo has committed to sourcing 100% renewable electricity across all of its operations, including Ichigo Office (8975) and Ichigo Hotel (3463), by 2025.

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About the UN Global Compact

The UN Global Compact is a global sustainability initiative that calls for companies and organizations to take leadership and actions as members of society to implement universal sustainability principles.

Companies and organizations that sign the UN Global Compact are required to achieve the Ten Principles regarding human rights, labor, environment, and anti-corruption based on CEO commitments.

For more details, please refer to the UN Global Compact website:

UN Global Compact:www.unglobalcompact.org

The Ten Principles of the UN Global Compact

Human Rights	Principle 1: Support and respect human rights
	Principle 2: Non-complicit in human rights abuses
Labor	Principle 3: Freedom of association and the effective
	recognition of the right to collective bargaining
	Principle 4: Elimination of all forms of forced and
	compulsory labor
	Principle 5: Effective abolition of child labor
	Principle 6: Elimination of discrimination in respect of
	employment and occupation
Environment	Principle 7: Support a precautionary approach to
	environmental challenges
	Principle 8: Promote greater environmental responsibility
	Principle 9: Encourage the development and diffusion of
	environmentally friendly technologies
Anti-Corruption	Principle 10: Work against corruption in all its forms,
	including extortion and bribery

Ichigo's Sustainability Report:www.ichigo.gr.jp/pdf/esg/Ichigo_Sustainability_Report_ENG.pdf

Ichigo's ESG:www.ichigo.gr.jp/en/esg

Ichigo's People:www.ichigo.gr.jp/en/recruit

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EMBARGOED UNTIL 00.01 BST, THURSDAY, SEPTEMBER 30, 2021

Dear G20 Leaders,

The world is at a pivotal moment. The latest science warns us that the impacts of climate change are greater and more far reaching than previously understood, and that the window of opportunity to remain within the Paris Agreement's 1.5°C temperature goal is quickly narrowing. We see devastating evidence of this all around us. Extreme weather events around the world must be a wake up signal to us all that there is no time to lose.

At the same time, there are great opportunities to be harnessed through a carefully managed transition. Our businesses recognize the benefits of climate action. The right policy decisions taken today can drive further investments and spur business decisions in favour of climate solutions across G20 countries. We can build stronger, just, and more resilient economies: bringing prosperity and creating decent jobs while protecting health and the planet.

Relatedly, climate change impacts are exacerbated by biodiversity loss and environmental degradation, which are themselves accelerated by climate change. It is important for these interlinked and mutually-reinforcing challenges to therefore be addressed in tandem, through policies to build a nature-positive economy and reverse nature loss by 2030.

Many of our businesses have operations spanning multiple G20 countries. A harmonized policy environment across the G20 will enable us to collectively decarbonize our value chains, products and services, while supporting our shared climate and sustainable development goals. Governments can stimulate greater investments and reduce the risk of stranded assets through communicating clear and credible plans, setting consistent policies and implementing support measures for 1.5°C-aligned sustainable development across all sectors of the economy.

Representing approximately 90% of global GDP and almost 80% of global trade and greenhouse gas (GHG) emissions, the G20 has a unique collective responsibility, and opportunity, to demonstrate global leadership to decisively address climate change while leaving no-one behind.

We, the undersigned businesses, call on you as G20 Leaders to go all in to keep the Paris Agreement's 1.5°C goal within reach by:

• Strengthening NDCs in line with at least halving global emissions by 2030, and committing to achieve net-zero emissions no later than 2050. We urge you to publish long-term strategies, detailing pathways to 2030 and 2050 as soon as possible.
• Committing to ending new coal power development and financing immediately, and developing plans to phase out coal-fired power generation by 2030 for advanced economies, and 2040 for other countries, while promoting electrification of transport and uptake of renewable energy across sectors. This should include removing barriers to

EMBARGOED UNTIL 00.01 BST, THURSDAY, SEPTEMBER 30, 2021

corporate purchasing of 100% renewable electricity to enable companies to go quicker in their clean energy transition and invest more than policy currently allows in many jurisdictions.

• Aligning public finance, COVID-19 recovery spending and fiscal policies with a 1.5°C trajectory, while ensuring adequate support for adaptation and resilience measures. Important measures include:
  o Delivering on existing public climate finance commitments such as the US$100 billion for developing countries. Adequate levels of international public climate finance can contribute to developing new markets for private finance by stimulating investments in support of climate-resilient green infrastructure and nature-based solutions.
  o Ensuring appropriate pricing signals by removing fossil fuel subsidies ideally by
  2025, and putting a meaningful price on carbon that reflects the full costs of climate change as part of a broader mix of policy instruments to support clean technology investments and innovation.
  o Making climate-related financial disclosure of risks, opportunities and impacts mandatory for corporations, to increase transparency and support better informed pricing and capital allocation to encourage investment flows towards more sustainable activities.

Businesses like ours across the world are setting ambitious science-based targets, investing in climate solutions and disclosing progress towards reducing emissions. We are acting. But collectively we can do more within the right enabling environments. Heightened policy ambition from G20 Leaders will enable us to accelerate action together.

We stand ready to work with you, and to support you on the path to sustainable economic growth and shared prosperity.

Signed by,

DISCLAIMER: We Mean Business Coalition does not guarantee the accuracy of the data included in this publication and does not accept responsibility for the consequence of their use.

NB: Large Enterprises and Multinational Corporations listed in bold.

2030 Builders

20/20 Insights

2050 Consulting AB

22 Designs

27 Films Production GmbH

5T Sports Group

600 strategy

ABANCA Corporación Bancaria SA ABDI IBRAHIM ILAC SAN. VE TIC. AŞ.

EMBARGOED UNTIL 00.01 BST, THURSDAY, SEPTEMBER 30, 2021

Abora

Accelerated Success Accenture

ACCIONA

Acea Spa achristie.com ACS Clothing ad fontes Gruppe Adobe Inc. AEON Co., Ltd.

AESTECH PC

AffecTeam SL agil8 Ltd

AI Shading

Airway Medical Ltd

Akinci Danismanlik Hizmetleri Ltd Sti Akiş GYO AŞ

ALENER

alinea consulting LLP All Good

Allbirds Allianz SE Alter Eco Amazing Support

Ames Europe Tekstil Sanayi ve Ticaret A.Ş. Amicus Solar Cooperative

Amschela Amy's Kitchen Andina PLC Anglian Water

ANHAM FZCO

ANZCO Foods Apex Acoustics Ltd Aprigliano Advogados Arcelik A.S.

ARGE Consulting Arm

Arnecke Sibeth Dabelstein Arrow Sky Media

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ASAHI GROUP HOLDINGS, LTD. ASICS Corporation

Asja Ambiente Italia S.p.A

Asset Management One Co., Ltd. Atea

Atlantica Arbitragem