External Evaluations

Hulic has been a constituent company in the FTSE4Good Index Series. The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.

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Hulic has been a constituent company in two indexes of the FTSE Blossom Japan Index Series. Created by the global index company FTSE Russell, the FTSE Blossom Japan Index is designed as an industry neutral benchmark that reflects the performance of companies demonstrating strong environmental, social and governance (ESG) practices in Japan.
In addition, FTSE Blossom Japan Sector Relative Index (FTSE Blossom SR) focuses on companies selected by FTSE Russell that have outstanding ESG initiatives, which includes outstanding management attitudes toward risks and opportunities of climate change.

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Hulic has been selected for a constituent of the MSCI Nihonkabu ESG Select Leaders Index, MSCI Japan ESG Select Leaders Index, the MSCI Japan Empowering Women Index (WIN) and MSCI Japan Empowering Women Index (Select) by MSCI Inc.

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Hulic has been selected as a constituent of the S&P/JPX Carbon Efficient Index, which was jointly developed by S&P Dow Jones Indices and Japan Exchange Group (JPG). The S&P/JPX Carbon Efficient Index is designed to measure the performance of companies in the Tokyo Stock Price Index (TOPIX), while overweighting or underweighting those companies that have lower or higher levels of carbon emissions to the revenue and actively disclose information of carbon emissions.

Hulic has been selected as a constituent of the Morningstar Japan ex-REIT Gender Diversity Tilt Index (GenDi J). GenDi J is designed to emphasize the stocks of companies that have strong gender diversity policies embedded in their corporate culture and that ensure equal opportunities to employees, irrespective of their gender.

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Hulic has had its near-term (by 2030) greenhouse gas emissions reduction targets approved by SBTi (the Science Based Target initiative)^* as consistent with levels required to meet the goals of the Paris Agreement.

Hulic has been recognized as an “A” List in the Climate Change 2024 Questionnaire conducted by CDP, a not-for-profit organization that evaluates environmental disclosure. The company which is recognized as “A” List company actively and effectively works to mitigate the risks caused by climate change. In the climate change assessment, companies' voluntary responses to the CDP Climate Change Questionnaire are assessed and scored, at four levels: disclosure, awareness, management, and leadership.

JHEP is a program to evaluate and certify activities that contribute to conservation and restoration of biodiversity, which was established and is operated by Ecosystem Conservation Society-Japan. Hulic carries out efforts to conserve and restore local vegetation as part of its development and reconstruction projects for Company-owned properties from the standpoint of safeguarding biodiversity. Our approach to biodiversity and Hulic Gourp have obtained this certification for a total of 11 properties (as of December 31, 2023).

BELS certification is a third-party certification system that evaluates buildings which comply with the effort obligation to display energy-saving performance. It is evaluated by figures of the BEI (Building Energy Index), which is calculated from the primary energy consumption based on the building energy consumption performance standards set by the government.
A total of 21 properties have obtained BELS certification (including 2 ZEB certifications ^*1 and 1 ZEB ready certifications^*2) (as of December 31, 2024, total number).

• *1Certification given to the buildings with net zero or negative annual primary energy consumption based on the Building Energy Efficiency Labeling System (BELS) of the Ministry of Land, Infrastructure, Transport and Tourism
• *2Certification given to the buildings that have reduced their primary energy consumption more than 50% from the standard numbers, excluding renewable energy, based on the Building Energy Efficiency Labeling System (BELS) of the Ministry of Land, Infrastructure, Transport and Tourism.

The Nikkei SDGs Management Survey, a survey that has been conducted annually by the Nikkei, is designed to rate companies that are aligning the Sustainable Development Goals of the United Nations to management of the companies and pursuing corporate value increase by solving environmental, economic and social issues through business activities. We have participated in the survey conducted in 2024 with the rest of approx. 890 listed and non-listed Japanese companies and have received a 4.5-star rating (deviation value of 65 to 70). The Nikkei SDGs Management Survey replaced their Environmental Management Survey in which we have been ranked 1st in the real estate/warehouse industry for nine consecutive years until 2019. The survey addresses from four themes, i.e., SDGs strategy/economic value, social value, environmental value and governance and gather information by sending questionnaires to the participant companies and from publicly available data sources.

In regard to the support for raising the next generation, Hulic aims at a higher level than the legal requirements and has established various in-house measures. We are working to develop a work environment in which employees can take childcare leave more easily in addition to providing economic support to employees who take the leave. In recognition of our efforts, Hulic has received a certification of "Platinum Kurumin" from the Minister of Health, Labour and Welfare as the Company supports employees in raising the next generation at a distinctive level. We also received "Kurumin" certification (in 2010, 2017 and 2020).

Hulic was certified as a Health & Productivity Management Outstanding Organization for the seventh consecutive year from 2019 in recognition of our health and productivity management initiatives. The award has been promoted by the Ministry of Economy, Trade and Industry in conjunction with the Nippon Kenko Kaigi to advance health and productivity.

As a result of the formulation of the Action Plan based on the Act on Promotion of Women's Participation and Advancement in the Workplace, Hulic attained the highest rank in the "Eruboshi" certification presented by the Minister of Health, Labor and Welfare in 2016, in recognition of the Company as an outstanding company in the implementation of initiatives to promote female empowerment at the workplace. We have put effort into creating an environment where diverse human resources can perform (diversity management), especially into establishing a top-class system for nurturing the next generations (a childcare support system/ onsite childcare and nursery facilities), with the aim of ensuring that female employees will be able to continue playing an active role in the company after childbirth and while parenting.
Since we have been facilitating in creating a corporate culture where employees respect the diversity among them and can perform best, we were able to meet the criteria for the certification established by the Ministry of Health, Labour and Welfare and obtain the highest rank certification.