December 25, 2023
Taisei Corporation

We, Taisei Corporation (CEO: Yoshiro AIKAWA) have endorsed TNFD Recommendations which were published on September 18, 2023 by Taskforce on Nature-related Financial Disclosures (TNFD) ^*1, and we have registered as a "TNFD Adopter"^*2 which adopts the disclosure recommendation. We will be publicly announced as "Early Adopters" at the Annual Meeting of the World Economic Forum, Davos, Switzerland in January 2024.

Towards the year 2050, we have established the Group's long-term environmental targets, "TAISEI Green Target 2050" (TGT2050), which aim to realize the three types of societies: Decarbonized Society, Recycling-Oriented Society, and Nature Co-Existing Society and resolve two individual issues: "Forest Resources & Forest Environment" and "Water Resources & Water Environment."

Under the TGT 2050, we aim for "Implementing and deepening Nature Positive" in order to realize the Nature Co-existing Society. While minimizing the adverse impact by our construction business, we will strive to contribute to realization of the Nature Co-existing Society by maximizing the positive impact on the natural environment and biodiversity by identifying the "Risks and Opportunities" related to our group's business activities, and promoting our businesses in harmony with nature through developing and spreading the technologies and the services related to conservation and creation of the natural environment as well as enhancement of the biodiversity.

In June 2022, we became the first general contractor in Japan to join the TNFD Forum^*3, and have participated in the activities of TNFD Consultation Group of Japan. Through the disclosures aligned with the TNFD Recommendations, we will further accelerate our initiatives to realize and deepen Nature Positive.

1. *1

   TNFD is an international initiative aimed to develop and provide a framework for disclosing nature-related financial information, officially launched in June 2021 by four organizations: the United Nations Environment Programme Finance Initiative (UNEP FI), the United Nations Development Programme (UNDP), the World Wide Fund for Nature (WWF), and the Global Canopy (a UK-based environmental NGO). On September 18, 2023, a set of the disclosure recommendations and guidance were published.

2. *2

   TNFD Adopters are organizations that have registered their intentions to publish its TNFD-aligned disclosures alongside financial statements as part of the same reporting package on the TNFD website. Registered companies are required to make disclosures aligned with the TNFD Recommendations in either FY2024 or FY2025.

3. *3

   TNFD Forum is an international organization that supports discussions at TNFD (Taskforce on Nature-related Financial Disclosures) as a stakeholder who provides its expertise. Various companies, institutions, and organizations are participating in the Forum. From Japan, 176 organizations, including government institution (Financial Services Agency, Ministry of the Environment, Ministry of Land, Infrastructure, Transport and Tourism, and Ministry of Agriculture, Forestry and Fisheries), and Keidanren Nature Conservation Fund, and various financial institutions and companies have participated in the Forum (as of the end of November 2023).