JVCKENWOOD Continued to Be Selected as a Constituent of the FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative Index, ESG Investment Indices

JVCKENWOOD Corporation (“JVCKENWOOD”) has been selected as a constituent of the FTSE Blossom Japan Index, and the FTSE Blossom Japan Sector Relative Index, the indices designed to measure the performance of Japanese companies that demonstrate outstanding Environmental, Social and Governance (ESG) practices.

The Group has been continuously strengthening its ESG initiatives and expanding the disclosure of information related to sustainability and ESG. These efforts have been highly evaluated and led to our selection, following the previous year. Both indices are used as important investment criteria by investors around the world who place importance on corporate ESG initiatives, such as by the General Pension Investment Fund (GPIF) which operates Japan's public pension program, as one of its ESG investment criteria.

FTSE Blossom Japan Index

The FTSE Blossom Japan Index is an ESG-focused index created by FTSE Russell, wholly owned by the London Stock Exchange Group. The index selects Japanese companies that excel in addressing ESG challenges, including the Sustainable Development Goals (SDGs), based on the certain evaluation criteria.

FTSE Blossom Japan Sector Relative Index

The FTSE Blossom Japan Sector Relative Index, established by the global index provider FTSE Russell, is designed to be sector-neutral, reflecting the relative performance of Japanese companies in each sector with strong environmental, social and governance (ESG) performance. To facilitate the transition to a low-carbon economy, the index only includes companies with particularly high greenhouse gas emissions that are recognized for their improvement efforts by the TPI Management Quality Score.

Sustainability Initiatives of JVCKENWOOD

Based on the corporate philosophy of "Creating excitement and peace of mind for the people of the world," the Group promotes sustainability management with dual principles of "profitable growth" and "solving social issues on a global scale." To promote this, the Group established the Sustainability Committee in April 2023 under the direct control of the CEO. In addition to the environmental initiatives such as realizing the environmental vision and basic environmental policy in line with the new medium-term management plan "VISION 2025" formulated in April 2023, and expressing support for TCFD proposals, the Group is also working to steadily implement social initiatives including developing human resources to realize innovation, strengthening organizational capabilities, and addressing issues in the supply chain.

The Group will continue to promote sustainability management activities to meet the expectations of all stakeholders and help realize a society in which everyone can live a safe and secure life.