Meiji Holdings Co., Ltd. · TSE:2269

Meiji — ESG Presentation (December 2023)

39 slides from Meiji's sustainability presentation, Dec 13, 2023

Slide 2: Promote the Meiji ROESG Management Effectively
Part 1: Presentation-1 Promote the Meiji ROESG® Management Effectively Kazuo Kawamura CEO, President and Representative Director 1 © Meiji Holdings Co., Ltd. All rights reserved.
Slide 3: 2023 Medium-Term Business Plan: Promote the Meiji ROESG Management Effectively
2023 Medium-Term Business Plan Promote the Meiji ROESG Management Effectively Convert business management to achieve both ROE improvement and ESG enhancement without any compromises × ＋＝ Achieve Indicators The Meiji ROE ESG goals unique to Meiji ROESG Target for Depending on Every Target for achiev
Slide 4: Progress on KPIs and Meiji ROESG
Progress on KPIs and Meiji ROESG Indicators FY2020 FY2021 FY2022 FY2023 Plan FY2023 Target Integrated Meiji ROESG 9pt 12.3pt 13.8pt 13pt 13pt Goal Consolidated net sales JPY 1,007.1 bn JPY 1,013.0 bn JPY 1,062.1 bn JPY 1,098.5 bn JPY 1,080.0 bn Consolidated operating profit JPY 106.0 bn JPY 92.9 bn
Slide 5: Progress of Meiji ROESG: ESG Indicators
Progress of Meiji ROESG : ESG Indicators FY2020 FY2021 FY2022 FY2023 Targets for Evaluation indicators Results Results Results Results FY2023 Will be available in MSCI ESG Ratings BB BBB A December 2023 A DJSI 52 60 61 67 65 FTSE4Good 3.0 3.3 3.7 4.2 3.8 Will be available in CDP (Climate Change) A-
Slide 6: First-Time Selection to the DJSI World Index
First-Time Selection to the DJSI World Index (Released on December 12)  DJSI World Index: Selected from approximately 2,500 top-ranked companies by market capitalization in developed and emerging countries  Selected to DJSI Asia Pacific for the fifth consecutive year 5 © Meiji Holdings Co., Ltd. A
Slide 7: Progress of Meiji ROESG: Indicators Unique to the Meiji Group-1
Progress of Meiji ROESG: Indicators Unique to the Meiji Group-1 Established six indicators related to: The social issues that the Group focuses during 2023 Medium-Term Business Plan Human capital that is the driver for corporate activities Indicators Most recent result or status Targets for FY2023 E
Slide 8: Progress of Meiji ROESG: Indicators Unique to the Meiji Group-2
Progress of Meiji ROESG: Indicators Unique to the Meiji Group-2 Indicators Most recent result or status Targets for FY2023 Extend healthy life expectancy*1 +0.56 years +1 year Amount of protein intake 71.4g/day*2 75g/day Vaccination rate for influenza vaccines 55.7%*3 60% Employee engagement score D
Slide 9: Progress of Meiji ROESG: Indicators Unique to the Meiji Group-3
Progress of Meiji ROESG: Indicators Unique to the Meiji Group-3 Indicators Most recent result or status Targets for FY2023 Extend healthy life expectancy*1 +0.56 years +1 year Amount of protein intake 71.4g/day*2 75g/day Vaccination rate for influenza vaccines 55.7%*3 60% Employee engagement score D
Slide 10: Evolution of Meiji ROESG in the 2026 Medium-term Business Plan
Evolution of Meiji ROESG in the 2026 Medium-term Business Plan Aim to integrate sustainability strategy and business strategy Sustainability activities (contributing to resolving social issues) achieve value creation that leads to business and financial value  Reviewing formula for calculating Meij
Slide 11: Integrate of Sustainability and Business Strategies: Meiji NPS-1
Integrate of Sustainability and Business Strategies: Meiji NPS-1 Released "Meiji Nutritional Profiling System (Meiji NPS)" in June 2023 Formulated the initial Meiji NPS for adults and elderly ※In addition to the NPS for adults, the initial Meiji NPS includes an NPS for the elderly in response to hea
Slide 12: Initiatives for Sustainable Dairy Farming
Part 1: Presentation-2 Initiatives for Sustainable Dairy Farming Jun Furuta Chief Sustainability Officer Member of the Board and Senior Managing Executive Officer 12 © Meiji Holdings Co., Ltd. All rights reserved.
Slide 13: For Supply Chain Sustainability
For Supply Chain Sustainability Convert grass, etc. into Contribution nutrition sources that can Community and be digested by humans Raw milk Society (dairy products) Cow Create employment to Provide rare and important Contribution develop local nutrition sources incl. five economies (coexisting Con
Slide 14: For Supply Chain Sustainability
For Supply Chain Sustainability Dairy farming is Burps, feces, and indispensable for a urine impact sustainable society global warming Nutrition sources Local revitalization (employment) 14 © Meiji Holdings Co., Ltd. All rights reserved.
Slide 15: GHG Emissions in Domestic Dairy Farming
GHG Emissions in Domestic Dairy Farming Breakdown of GHG emissions related Breakdown of GHG emissions related to milk to total livestock production (Japan) (Global) Other 50 thousand tons Broilers 300 thousand tons LUC: Soybeans and palm CO2 Methane generated Hens 570 thousand tons in digestive trac
Slide 16: Our Efforts towards GHG Emission Reduction
Our Efforts towards GHG Emission Reduction Today’s content 1. J-Credit Scheme Project 2. Carbon Farming 3. Dairy Farming DX 16 © Meiji Holdings Co., Ltd. All rights reserved.
Slide 17: Promoting GHG Emission Reductions by Using Feed with an Improved Amino Acid Balance-1
Promoting GHG Emission Reductions by Using Feed with an Improved Amino Acid Balance-1 Small intestine Lecithin Lysine Water Hydrogenated vegetable oils Rumen Hydrophobic protective layer Standard lysine No. 1 in the industry in terms of AjiPro®-L, performance thanks to our a lysine preparation for c
Slide 18: Promoting GHG Emission Reductions by Using Feed with an Improved Amino Acid Balance-2
Promoting GHG Emission Reductions by Using Feed with an Improved Amino Acid Balance-2 Cost of feed with improved amino acid Cost of balance conventional feed (with AjiPro®-L) Methane reductions, etc. Reduction in N₂O Source of Other reductions raw ingredient feed costs new GHG emission costs reducti
Slide 19: Business Model based on J-Credit Scheme
Business Model based on J-Credit Scheme  Control additional costs and accelerate the reduction of GHG emissions  Establish business model for supporting dairy farmers and reducing GHG emissions  New initiatives that cannot be achieved by Meiji alone 19 © Meiji Holdings Co., Ltd. All rights reserv
Slide 20: Carbon Farming: Soil Initiatives
Carbon Farming: Soil Initiatives Focus on soil (pastures) and redefine the value of dairy farming as circular farming Carbon Farming A method of farming that aims to capture free-floating CO2 in soil to improve farmland soil quality and reduce GHG emissions In Japan, there has been no scientific val
Slide 21: Establishing Value for and Developing Carbon Farming
Establishing Value for and Developing Carbon Farming ■ Scheme of Establishing Value Scientific validation of methods Increase stored amounts in dairy Scientific validation of soil CO2 for increasing soil CO2 storage farms (self-supplied feed, storage amounts amounts grasslands, etc.) Scientific vali
Slide 22: Sustainable Innovation through DX Dairy Farming
Sustainable Innovation through DX Dairy Farming ■ In August 2023, invested in Farmnote Holdings, a startup for DX in dairy farming that promotes smart and sustainable dairy farming. ■ Company overview Company name Farmnote Holdings, Inc. Address 1-3-14 Koenhigashimachi, Obihiro-shi, Hokkaido Represe
Slide 23: Overview of Farmnote Inc. Business Operations
Overview of Farmnote Inc. Business Operations Integration Business Production and Solution Business Dairy farm operation and consignment Digitalization to improve productivity and standardize operations management 1. Farmnote Cloud (Herd management) 3. Farmnote Compass 6. Dairy farm operation suppor
Slide 24: Points of Synergy through Collaboration with Meiji
Points of Synergy through Collaboration with Meiji Investment Enhancement of Proposal Meiji Group Sustainability Capability Support for the dairy Initiatives - Meiji feed (Makiba no Kanojo) - MDA initiatives farming industry Testing and validation site Evaluations and measurements (combined with gen
Slide 25: Unique Plant Building Evaluation Index "Meiji Diamond Factory"
Unique Plant Building Evaluation Index “Meiji Diamond Factory” ■ Example of evaluation of Eniwa Plant Diamond IV ―― Eniwa Plant People- and Eco-Friendly Plant ―― New construction standard Easy-to- Plant that Evaluation Items work-in contribute to the plant community Hygienic plant on quality assuran
Slide 26: Reorganization of Our Production Structure
Reorganization of Our Production Structure - A sustainability plant for people and the environment ■ Reorganization of dairy production structure in Hokkaido area (released in December 2023) Plant location 71 Kenebetsu, Shibetsu-gun Nakashibetsu-cho, Hokkaido Total space 230,258 m2 Rendering of the
Slide 27: Meiji Group Governance as Viewed by Outside Directors
Part 2: Dialogue Meiji Group Governance as Viewed by Outside Directors Masaya Kawata Member of the Board (Outside) Michiko Kuboyama Member of the Board (Outside) 27 © Meiji Holdings Co., Ltd. All rights reserved.
Slide 28: Issues and Expectations in Human Capital Management
Issues and Expectations in Human Capital Management  Group Human Capital Committee  Promoting D&I through three approaches <Misson>  Creating diversity  Strengthen human productivity and value creation - Recruit human capital with a variety of different attributes  Creating a culture and struct
Slide 29: Evaluation of the Board of Directors Efficacy
Evaluation of the Board of Directors Efficacy  Improve Efficacy of the Board of Directors  As a general rule, meeting materials will be distributed in advance to facilitate substantive and lively discussion  Agenda items will be explained to independent Outside Directors in advance as necessary 
Slide 31: Message from the Outside Directors to Shareholders and Investors
Commitment to Stakeholders for the 2026 Medium-Term Business Plan  Message from the Outside Directors to Shareholders and Investors 31 © Meiji Holdings Co., Ltd. All rights reserved.
Slide 33: Meiji Group GHG Emission Reduction Targets
Meiji Group GHG Emission Reduction Targets Scope 1 Scope 2 Scope 3 Reduction Targets Reduction Targets GHG Emissions (compared to 2019) GHG Emissions (compared to 2019) 2030 50% reduction 2030 30% reduction 2050 Net zero achieved 2050 Net zero achieved Category 1 Category 2 Category 3 Category 4 Cat
Slide 34: Meiji Group GHG Emissions (FY2021)
Meiji Group GHG Emissions (FY2021) Scope 1 Scope 2 Scope 3 The Company’s Emissions (CO2 equivalent) Other Companies’ Emissions (CO2 equivalent) 85% 536 thousand tons 3,227 thousand tons comes from other companies Category 1 Category 2 Category 3 Category 4 Category 5 Category 6 Category 7 Category 9
Slide 35: FY2021 Scope 3 GHG Emissions Breakdown
FY2021 Scope 3 GHG Emissions Breakdown (CO2 equivalent) Category 2 Category 4 Capital goods Upstream transportation Category 6 and distribution Business travel 292 thousand tons 237 thousand tons 2 thousand tons Product-related emissions account for majority For Meiji Group and society: Category 12
Slide 36: Current State of GHG Emissions in the Dairy Farming Industry and Issues
Current State of GHG Emissions in the Dairy Farming Industry and Issues Challenges facing the dairy industry Ratio of total GHG emissions attributable to methane from cow burps and other dairy farming operations Animal World Japan welfare Reducing GHG emissions 約3 % 約1% Reducing environmental burden
Slide 37: Amino Acid Absorption "Barrel Theory"
Amino Acid Absorption “Barrel Theory” Previous mechanism Phenylalanine + Tyrosine Valine Aligning at the top Methionine + Cysteine Phenylalanine increases nutritional value + Tyrosine = milk volume increases Isoleucine Valine However, feed costs increase Leucine Tryptophan →It is possible to reduce
Slide 38: Cooperation with Betsukai Town, Hokkaido: Carbon Farming
Cooperation with Betsukai Town, Hokkaido: Carbon Farming Highest milk production volume in Japan  Total No. of farmers: 687 units (Of which raise dairy cows: 654 units)  Number of cattle: 118,448 (Daily cattle: 110,679; beef cattle: 7,769)  Raw milk production (2020): 501,239 tons Betsukai town 3
Slide 39: Information in this material is not intended to solicit sale or purchase of shares
 Information in this material is not intended to solicit sale or purchase of shares in Meiji Holdings. The final decision relating to investments should be made based on the judgment of users themselves.  Business forecasts and other forward-looking statements are based on information available at

Meiji Holdings — ESG Presentation (December 2023) on 6ix

Meiji — ESG Presentation (December 2023)

Slide 1: ESG Meeting

Slide 2: Promote the Meiji ROESG Management Effectively

Slide 3: 2023 Medium-Term Business Plan: Promote the Meiji ROESG Management Effectively

Slide 4: Progress on KPIs and Meiji ROESG

Slide 5: Progress of Meiji ROESG: ESG Indicators

Slide 6: First-Time Selection to the DJSI World Index

Slide 7: Progress of Meiji ROESG: Indicators Unique to the Meiji Group-1

Slide 8: Progress of Meiji ROESG: Indicators Unique to the Meiji Group-2

Slide 9: Progress of Meiji ROESG: Indicators Unique to the Meiji Group-3

Slide 10: Evolution of Meiji ROESG in the 2026 Medium-term Business Plan

Slide 11: Integrate of Sustainability and Business Strategies: Meiji NPS-1

Slide 12: Initiatives for Sustainable Dairy Farming

Slide 13: For Supply Chain Sustainability

Slide 14: For Supply Chain Sustainability

Slide 15: GHG Emissions in Domestic Dairy Farming

Slide 16: Our Efforts towards GHG Emission Reduction

Slide 17: Promoting GHG Emission Reductions by Using Feed with an Improved Amino Acid Balance-1

Slide 18: Promoting GHG Emission Reductions by Using Feed with an Improved Amino Acid Balance-2

Slide 19: Business Model based on J-Credit Scheme

Slide 20: Carbon Farming: Soil Initiatives

Slide 21: Establishing Value for and Developing Carbon Farming

Slide 22: Sustainable Innovation through DX Dairy Farming

Slide 23: Overview of Farmnote Inc. Business Operations

Slide 24: Points of Synergy through Collaboration with Meiji

Slide 25: Unique Plant Building Evaluation Index "Meiji Diamond Factory"

Slide 26: Reorganization of Our Production Structure

Slide 27: Meiji Group Governance as Viewed by Outside Directors

Slide 28: Issues and Expectations in Human Capital Management

Slide 29: Evaluation of the Board of Directors Efficacy

Slide 30: Suggestion for Enhancing Global Governance

Slide 31: Message from the Outside Directors to Shareholders and Investors

Slide 32: Appendices

Slide 33: Meiji Group GHG Emission Reduction Targets

Slide 34: Meiji Group GHG Emissions (FY2021)

Slide 35: FY2021 Scope 3 GHG Emissions Breakdown

Slide 36: Current State of GHG Emissions in the Dairy Farming Industry and Issues

Slide 37: Amino Acid Absorption "Barrel Theory"

Slide 38: Cooperation with Betsukai Town, Hokkaido: Carbon Farming

Slide 39: Information in this material is not intended to solicit sale or purchase of shares