SoftBank : Sets Group Target “Achieving Carbon Neutrality by Fiscal 2030”

SoftBank Group Corp. ("SBG") announced that it has set a group target of "Achieving Carbon Neutrality by fiscal 2030," to reduce greenhouse gas emissions from business activities of the SoftBank Group (the "Group")^*1 to virtually zero by fiscal 2030, with the aim of realizing a decarbonized society.

On a non-consolidated basis, SBG has achieved Carbon Neutrality^*2 in fiscal 2020 and 2021 and has set its course to go Carbon Neutral continuously. In addition, SBG's major subsidiaries, namely SoftBank Corp., Z Holdings Corporation, Yahoo Japan Corporation, and Arm Limited have also set their own targets regarding greenhouse gas emission reduction or renewable electricity introduction, undertaking various initiatives toward decarbonization. With the new group target in place, SBG seeks to accelerate decarbonization efforts by teaming up with more companies within the Group.

The majority of the Group's greenhouse gas emissions come from the use of electricity. Therefore, as a step forward to achieve Carbon Neutrality, the Group mainly focuses on a shift to electricity generated from renewable energy sources. Meanwhile, energy-saving measures utilizing IoT are also implemented at the head office building and data centers.

Targets on greenhouse gas emission reduction and renewable electricity introduction and progress in fiscal 2021 at SBG and its representative major subsidiaries

	Target	Progress in fiscal 2021
SoftBank Group Corp.	Achieved Carbon Neutrality*2 in fiscal 2020 and fiscal 2021
SoftBank Corp.	Achieve Carbon Neutrality*2 by fiscal 2030	50% shift to renewable electricity*3 at base stations
Z Holdings Corporation	Achieve Carbon Neutrality*2 for the entire Z Holdings Corporation Group by fiscal 2030	Set greenhouse gas reduction milestones at its major subsidiaries
Yahoo Japan Corporation	100% shift to renewable electricity by fiscal 2023	Introduction of renewable electricity that complies with RE100*4 in May 2021
Arm Limited	・100% shift to renewable electricity by 2023 ・Achieve Net Zero Carbon*5 by 2030	95% shift to renewable electricity expected

Under the new group target of "Achieving Carbon Neutrality by fiscal 2030," the SoftBank Group will address greenhouse gas emission reduction as its shared effort to contribute to the realization of a decarbonized society, and will continue to strengthen its ESG initiatives with the aim of enhancing sustainability and corporate value.

For more information on the SoftBank Group's ESG initiatives, please visit:

Sustainability

1. Greenhouse gas emissions (Scope 1 and Scope 2) from 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 due to regulatory reasons

2. Covers Scope 1 and Scope 2

3. Effectively renewable electricity using non-fossil certificates with renewable energy designation

4. RE100 is a global initiative that aims to provide 100% of the electricity used in business activities from renewable energy sources

5. Covers Scope 1, Scope 2, and Scope 3