Obayashi has expressed its support for TCFD (Task Force on Climate-related Financial Disclosures) (*1) and participated in the TCFD Consortium (*2).

Obayashi Group has revised its long-term vision, "Obayashi Sustainability Vision 2050" in June 2019. This vision sets "decarbonization" as one of Group's goals for 2040 to 2050, and our Group and the entire supply chain are working to achieve a sustainable society. The first step toward realizing the vision is our Medium-Term Business Plan 2017. In our business plan, we have set ESG priority issues such as "establish an environmentally responsible society" aiming to reduce CO2 emissions. We are developing business activities aimed at preventing global warming.

Going forward, in accordance with TCFD recommendations, we will formulate a strategy based on the results of analyzing the risks and opportunities that climate change poses to our businesses, with the aim of further increasing corporate value. We will also meet the expectations of our stakeholders by expanding the disclosure of related information.

• *1 TCFD (Task Force on Climate-related Financial Disclosures)
  TCFD was established by the Financial Stability Board (FSB) at the request of G20 in 2015. In June 2017, TCFD has published recommendations that encourage companies and others to voluntarily understand and disclose the financial impact of risks and opportunities posed by climate change.
• *2 TCFD Consortium
  TCFD Consortium was established in May 2019, centered on Japanese companies that support the TCFD recommendations to discuss effective disclosure of information and efforts to connect the disclosed information to appropriate investment decisions of financial institutions.