T&D : Joining the RE100 International Initiative and Establishing an Interim Target to Reduce CO2 Emissions by Equity and Debt Investments

April 11, 2022

T&D Holdings, Inc.

Hirohisa Uehara, President

(Security Code: 8795, TSE Prime Market)

Joining the RE100 International Initiative and Establishing an Interim Target to Reduce CO2 Emissions by Equity and Debt Investments

T&D Holdings, Inc. (President: Hirohisa Uehara) of the T&D Insurance Group ("the Group"), has joined RE100*, an international initiative that aims to procure 100% of the electricity used in business activities from renewable energy sources.

CO2 emissions from the Group's own equity investments and debt investments (Scope 3, Category 15) are also subject to the net-zero carbon goal to be achieved by FY2050, and the Group has set a new interim target as part of its efforts to strengthen its initiatives to achieve this goal.

* RE100 is a global initiative bringing together the world's most influential businesses committed to 100% renewable power. Led by international non-profit the Climate Group in partnership with CDP, the group have a total revenue of over US$6.6 trillion and operate in a diverse range of sectors.

1.

Joining the RE100 international initiative

To realize a decarbonized society, the Group has set a goal of achieving net-zero CO2 emissions by FY2050. To achieve this goal, the Group has set a new interim target of "60% of electricity consumption to be derived from renewable energy sources by FY2030." Taking advantage of its membership in RE100, the Group will actively promote the transition to renewable sources for the electricity it uses.

■ Message from Sam Kimmins, Head of RE100 at The Climate Group:

"We are delighted that T&D Holdings has joined RE100 the global initiative led by the Climate

Group in partnership with CDP. By committing to 100% renewable electricity by 2050, T&D Holdings is taking leadership in climate action. It joins over 60 Japanese RE100 companies who collectively, send a powerful message that renewable electricity makes good business sense."

2.

Establishment of interim targets for reduction of CO2 emissions of equity investments and debt investments

As a responsible institutional investor, the Group also targets net-zero CO2 emissions from its equity investments and debt investments (Scope 3, Category 15). The Group has set a new interim target as part of its efforts to strengthen its initiatives to realize this goal.

T&D Insurance Group CO2 Emission Reduction Targets

Scope	Targets
In-house emissions (Scope 1 & 2)	FY2025: 40% reduction (versus FY2013) FY2050: Net zero
Equity investments and debt investments (Scope 3, Category 15)	FY2030: 40% reduction (versus FY2020) *In scope are equities, corporate bonds, and loans of listed Japanese companies. FY2050: Net zero

*The underlined was newly added.

[Contact Information]

T&D Holdings, Inc., Group Planning Department, Investor Relations Division Tel: [phone]