Nidec Chaun-Choung Technology Corp

The risk management committee monitors and manages the Company's transition to alternative rates. The committee evaluates the contracts regarding the extent of the IBOR cash flows, whether such contracts will need to be amended as a result of IBOR reform and how to manage communication about IBOR reform with counterparties. The committee reports to the Company's board of directors quarterly and collaborates with other business functions as needed. It provides periodic reports to management of interest rate risk and risks arising from IBOR reform. [...] The Company monitors the progress of transition from IBORs to new benchmark rates by reviewing the total amounts of contracts that have yet to transition to an alternative benchmark rate and the amounts of such contracts that include an appropriate fallback clause.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]All of NCCI's sustainability activities are under the responsibility of a single functional unit - Corporate Energy Management. This group is responsible for energy-related corporate social responsibility. This department is directly subordinate to the General Manager's Office. Environmental and energy-related policies and targets are set by the General Manager, and related measures and financial support go through a corporate approval process and are countersigned by all company department heads before being finally approved by the General Manager's Office. Each year, the effectiveness of each measure is evaluated by the department heads and finally reviewed by the general manager's office before the energy plan for the following year is formulated. This ensures that the impact of all direct and indirect activities on policy is consistent with your overall climate change strategy.