ITOCHU Europe Green Finance Framework

As the regional headquarters of ITOCHU's operation in Europe, ITOCHU Europe PLC established its Green Finance Framework in March 2019 (*1), and within the same month, raised its first green loan of EUR150Million mainly from Mizuho Bank through ITOCHU Treasury Centre Europe Plc, ITOCHU's group finance vehicle for Europe and the Middle East. This was the first green finance procured by any of the Japanese trading houses (so-called "Sogo shosha"). ITOCHU Europe’s Green Finance Framework was independently reviewed by Sustainalytics.

As a group, ITOCHU believes in the importance of fulfilling its social responsibilities. This is accomplished through the continuous enhancement of sustainable corporate values within its core business, in accordance with the group's mission, "Sampo-Yoshi" (good for the buyer, good for the seller, and good for society), the management philosophy of merchants in the province of Ohmi that has been embraced by the company since its founding in 1858.

Use and Source of green finance

1. List of eligible projects (updated in May 2022)

Category	Project	Country	Type	Invest-ment Start	COD (*2)	Capacity (*3)	GHG reduction (ex-ante)
Renewable Energy	Aanekoski	Finland	Biomass	2015	2017	280MW	105 kilo t-CO2e /year
	Butendiek	Germany	Wind	2017	2015	288MW
	Solaben 2&3	Spain	Solar	2010	2012	100MW
Pollution Prevention and Control	ST&W	UK	EfW	2011	2014	260kt/year	15 kilo t-CO2e /year
	Cornwall			2013	2017	240kt/year
	Merseyside			2013	2017	460kt/year
	West London			2013	2016	350kt/year

(*2) COD=Commercial Operation Date
(*3) "Capacity" is generation capacity for Renewable Energy and capacity for waste treatment volume per year for EfW.

2. Use and source table as of March 2022

Use of Proceeds (€Mil)		Source of Proceed(€Mil)
Renewable Energy	206	Green Loan March 2022 from Mizuho	60
Pollution　Prevention and Control	53	Other Sources	199
Total	259	Total	259