843 Vision 2050 Daikin Environmental Policy Adopted in 2015, the Paris Agreement contains a target for the latter half of this century of reducing greenhouse gas emissions to net zero and limiting global warming by less than 2°C compared to pre-industrial levels. In the spirit of the Paris Agreement, Daikin has formulated Environmental Vision 2050, with a target of reducing greenhouse gas emissions to net zero by 2050. We have established a reduction target for 2030 and incorporated this into our efforts under the Fusion 25 Strategic Management Plan. Our Vision 2050 We will effectively eliminate the greenhouse gas emissions generated throughout the entire lifecycle of our products by 2050. Furthermore, we are committed to creating solutions that link society and customers as we work with stakeholders to reduce greenhouse gas emissions to net-zero. Using IoT and open innovation, we will meet the world's needs for air solutions by providing safe and healthy air environments while at the same time contributing to solving global environmental problems. Refrigeration Medium-Term Outlook In our Cold Chain business, we are moving towards low-GWP and HFC-free natural refrigerants, while ensuring the correct safety standards are established in our markets. We maintain continuous focus on reducing the energy consumption of all our products. In the Transport Refrigeration industry, we will strive to lead the shift towards electrification and phasing-down of the reliance on combustion engine technologies. 2019 2025 2030 2050 Net-zero product lifecycle Greenhouse gas emissions Contributions to emission reductions or below Products • Energy efficient products • Lower global warming refrigerants • Entire product lifecycle Solutions • Energy management systems • Energy services Carbon Offset • Refrigerant recovery and recycle • Renewable energy use • Protecting forests • And more... Net-zero 50% reduction 30% reduction
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