Denka’s Reduction Targets for GHG Emissions

• *Net GHG emissions: Volume of GHG emissions less the volume of GHG absorption

Initiatives Aimed at Curbing GHG Emissions

Having set reduction targets for total GHG emissions as well as for the CO2 emissions intensity index attributable to energy sources, we are systematically implementing global warming countermeasures by engaging in energy-saving initiatives and promoting the use of renewable energy. The Company has also formulated medium- to long-term targets (for fiscal 2030 and 2050) in light of the “2°C target” proposed in the Paris Agreement.