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Penta-Ocean Construction Co., Ltd.
Takuzo Shimizu, President, CEO and Representative Director

Accession to the Japan Climate Leaders' Partnership

Tokyo, Japan - Dec. 19, 2022 - Penta-Ocean Construction Co., Ltd. has recently joined the Japan Climate Leaders' Partnership (JCLP) *1-1 as a full member.

JCLP is a group of Japanese corporations established in 2009 based on the notion that the business industry must be properly aware of the impending environmental issues and take proactive initiatives in order to drive towards a sustainable, decarbonized society. By spearheading the national transition to a decarbonized society, we aim to continue to grow as a company and meet the expectations of society.

Penta-Ocean Construction Group practices CSR management with focus on ESG, under the policy of "the greatest contribution to society is the construction of high-quality infrastructure." On the environmental front, we consider addressing global climate change issues to be one of our most important management issues. In May 2022, we established the SBT*1-2 "1.5C level" CO2 emissions reduction targets (certification pending) and are working toward achieving carbon neutrality by 2050.

We will continue to undertake initiatives to reduce CO2 emissions in our construction activities and contribute to the development of a sustainable society through our core businesses, including the construction of offshore wind farms and the promotion of Zero Energy Buildings(ZEB).

●POC Group's targets for CO2 Reduction (in thousand ton -CO2)

*1-1 JCLP

: JCLP has 225 member companies across industries, including some of Japan's leading companies (as of December 2022). Total sales of the member companies amount to approximately 130 trillion yen, and total electricity consumption is approximately 65Twh (as reference and approximate values including overseas operations). Towards the development of a decarbonized society, the organization has also entered into a comprehensive partnership agreement with the City of Yokohama. In addition, as a local partner of The Climate Group, an international non-profit organization, they serve as a contact point for the promotion of RE100, EV100 and EP100, while working in collaboration with local governments in Japan and overseas organizations.

*1-2 SBT

: An international initiative that encourages companies to set GHG reduction targets that are scientifically consistent with the Paris Agreement. Our reduction targets are consistent with the reduction level required to limit the rise in global temperature to 1.5C above pre-industrial levels.

*2 Scope1

: Direct emissions from fuel use by work vessels and heavy machinery

*3 Scope2

: Indirect emissions from the use of purchased electricity and heat

*4 Scope3

: Indirect emissions in the supply chain. Note that in FY 3/20, the base year, category 11 (CO2 emissions from the use of buildings after completion and delivery) accounted for 71% of Scope 3 emissions, Category 1 for 26%, and together they accounted for 97% of Scope 3 emissions