Seven & i Holdings Co Ltd

The Seven & i Group considers the issue of climate change to be one of the most important issues to be tackled across the Group companies. We have therefore established a governance structure centered on the Sustainability Committee and supervised by the Board of Directors. The Board of Directors receives reporting from the Sustainability Development Department that is a secretariat for the Sustainability Committee on our efforts for sustainability including climate change issues at least once a year, supervises their progress and the status of achieving the goal, and reviews our policies and efforts as appropriate. In December 2020 and May 2021, the Board of Directors made a resolution to revise our CO2 emission reduction target in our environmental declaration "GREEN CHALLENGE 2050" to 50% by 2030 and zero emission by 2050 in line with current international trends aiming at the 1.5 °C target and the decision of the Government of Japan for the net zero goal in 2050. In addition, we have added a target of reducing CO2 emissions set in the environmental declaration "GREEN CHALLENGE 2050" that was formulated in May 2019 to the key performance indicator (KPI) for stock-based compensation as a non-financial indicator in compensation of Directors since fiscal year ended February 28, 2021. In addition, in order to accelerate decarbonization efforts, the Board of Directors decided in 2023 to invest in the public-private fund "Japan Green Investment Corp. for Carbon Neutrality (JICN)." \n\n\nThe Sustainability Committee, chaired by Representative Director and President of Seven & i Holdings, meets twice a year, attended by CSR managers from Group companies (Representative Director and President, etc.) and managers from related divisions at Seven & i Holdings. Under the Sustainability Committee, the Environment Subcommittee has been established as a subcommittee to deal with climate change issues. The Environment Subcommittee consists of managers from the environmental departments of operating companies. In addition, when we announced the environmental declaration "GREEN CHALLENGE 2050" in May 2019, we established CO2 Emissions Reduction Team to create innovations across the Group to reduce CO2 emissions. This team is headed by executive officers or higher from responsible departments at our main operating companies.\n\nThe Sustainability Committee receives reports on trends in indicators related to climate change issues, such as CO2 emissions, and on initiatives mainly for mitigation measures. The Committee approves measures implemented by the subcommittees and each group company, and provides necessary advice. The progress of such sustainability-related initiatives, including those related to climate change, is reported to the Board of Directors at least once a year.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In March 2021, we submitted a commitment letter to SBTi with the intention of seeking SBT certification of our CO2 emissions reduction targets. With this as a starting point, we have been pursuing engagement activities consistent with the goals of the Paris Agreement, and in April 2019, we joined a statement from Japan Climate Initiative (JCI), a group of companies, local governments, NGOs, and others actively working to combat climate change, entitled "Calling for an Ambitious 2030 Target for Japan to Realize the Paris Agreement Goal" and joined with many other companies and organizations to emphasize the importance of reducing CO2 emissions to the level of the Paris Agreement.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes