Environmental Sustainability Efforts in Collaboration with the Tokyu Land Corporation Group - Conclusion of the Comprehensive Partnership Agreement on Environmental Conservation -

IRISO Electronics Co., Ltd. (Headquarters: Yokohama City in Kanagawa, President: Hitoshi Suzuki, hereinafter referred to as "the company") has concluded a Comprehensive Partnership Agreement on Environmental Conservation with Tokyu Land Corporation Co., Ltd. (Headquarters: Shibuya Ward in Tokyo, President: Hiroaki Hoshino, hereinafter "Tokyu Land Corporation") and ReENE Co., Ltd. (Headquarters: Shibuya Ward in Tokyo, President: Toshiyuki Netsu, hereinafter “ReENE") on August 6th, 2024. The agreement aims to increase the corporate value of the company by using renewable energy provided by Tokyu Land Corporation and ReENE, as well as to promote a range of environmental projects for achieving carbon neutrality and information disclosure by combining the knowledge and networks of both companies.

To respond to the growing global awareness of ESG (Environmental, Social, and Governance) issues, in 2021, the company has developed a roadmap for improving its ESG efforts by setting the following goals: 1.Achieving net zero CO₂ emissions (Scope 2 emissions) by 2025  2.Measuring and reducing CO₂ emissions by 20% (Scope 1-3 emissions) . At present, the company focuses on installing solar power generation systems and improving energy efficiency in its plant facilities, etc. to meet these goals.

To make such environmental efforts more effective and impactful, the company’s cooperation with Tokyu Land Corporation, and ReENE is intended to create holistic approaches, including the visualization of greenhouse gas emissions by leveraging the knowledge and networks of Tokyo Land Corporation, review progress reports made by ReENE, and the continuous improvement of its management practices to boost its overall environmental performance.

Moving forward, the company will develop practical decarbonization strategies, which involve examining the use of renewable energy across all company facilities including the Ibaraki plant and the new Akita plant expected to start operations in the 2025 fiscal year. Specifically, ReENE will make suggestions on onsite PPA (installing solar power generation facilities on-site), offsite PPA (using solar power facilities outside the site via public grids), battery storage installation, etc. helped by renewable energy power plants developed and owned by Tokyu Land Corporation.

To reach its sustainable goals in line with its environmental policy, the company will co-create sustainable values with Tokyu Land Corporation and ReENE to mitigate and adapt to climate change through reducing greenhouse gases such as CO₂ generated from production activities and promoting energy conservation.

Solar Power Systems Installed by the Company