Japanese

Environmental Management System

In order to address important environmental issues such as climate change countermeasures, environment preservation, biodiversity conservation, and air pollution prevention, as well as issues related to sustainability in general more quickly and flexibly, in April 2021, we renamed the Environmental Management Committee to the Environment and Sustainability Committee and expanded its scope of responsibility. We also established the Environment and Sustainability Strategy Division as a specialized organization to oversee our overall environmental and sustainability activities. The Board of Directors is responsible for oversighting environmental initiatives, and makes decisions on particularly important matters.

Aiming to achieve net 0 emissions across the entire Group by 2050, as set forth in the new MOL Group Environmental Vision 2.1 formulated in June 2021, we formed cross-company project teams led by the Technology Innovation Unit to implement a variety of strategies, including the introduction of clean alternative fuels, the introduction of more energy-efficient technologies, deeper efficient navigation, and the development of low-carbon businesses, in order to promote environmental initiatives.

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• Internal Carbon Pricing (ICP) System
• Environmental Management System
• MOL Environment Database
• Group Environmental Audits

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Internal Carbon Pricing (ICP) System

The MOL Group introduced an internal carbon pricing (ICP) System to qualitatively evaluate the impact of carbon pricing costs in anticipation of the future and incorporate this impact in business decisions such as investments. This will promote the group's low-carbon and decarbonization business and measures to offer low-carbonization and decarbonized services, aiming to reduce greenhouse gas (GHG) emissions from our business activities and from society at large.

Set price	Adopting the Sustainable Development Scenario (SDS) level announced by International Energy Agency: About US$60/CO2-ton in 2025 and about $140/CO2-ton of in 2040
Target	Businesses, investments associated with GHG emissions
Manner of utilization	Use an economic index that applies internal carbon pricing for GHG emissions as a reference for investment evaluation.

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Environmental Management System

To precisely grasp and manage the environmental risks and opportunities in our businesses, we established the environmental management system MOL EMS21 in April 2001, and since then we have made ongoing efforts to improve it. Every year, Environment Office conducts an internal audit based on MOL EMS21. The chairman, who is responsible for environmental management, receives the results of the internal audit and confirms whether the system is functioning effectively.

We also have a third-party audit by DNV GL Business Assurance Japan KK every year, and a renewal audit every three years, and have earned ISO14001 certification for our environmental management system. Based on the results of internal and external communications, internal audits, and external audits, we take corrective actions to promote continuous improvement.

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MOL Environment Database

We have introduced the MOL Environment Database for consolidated subsidiaries in Japan and overseas. We use Eco Track, a SaaS-type environmental management information service, to collect environmental impact data (Fuel consumption, electricity, paper, waste, etc.) from each company once a year.

Number of target companies	40 in Japan	31 overseas

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Group Environmental Audits

ISO 14001 Certification

ISO 50001 Certification

MOL Group Companies with Green Management Certification
(Foundation for Promoting Personal Mobility and Ecological Transportation)

EcoAction 21 (Institute for Promoting Sustainable Societies)

Company name	Acquired date
MOL Techno-Trade, Ltd.	July 2007