CDP Survey on Climate Change Initiatives and Transparency Grants Panasonic Highest “A” Rating for Second Consecutive Year

Panasonic Holdings Corporation (PHD) has been named an A-list^*2 company for 2023 by CDP^*1, an international non-profit organization, in recognition of its leadership in disclosure transparency and performance in the area of climate change. This marks the second consecutive year, and the fifth time overall, that PHD has received CDP's highest rating.

CDP is widely recognized as the global standard for corporate environmental reporting, and the ratings (scores) published annually by CDP are widely used to drive investment and procurement decisions toward a net zero, sustainable and resilient economy. In 2023, more than 740 signatory financial institutions with over US$136 trillion in combined total assets requested disclosure of data on environmental impacts, risks, and opportunities through the CDP platform, and approximately 23,000 companies, representing two-thirds of the world's market capitalization, responded. Earning an "A" rating from CDP indicates that a company has been evaluated as positioning climate change as a critical management issue and managing its governance, strategy, risk management, metrics and targets appropriately in line with TCFD^*3, which helps the company to gain the trust of investors and customers and facilitate its business. PHD received the highest "A" rating in the climate change category again this year for setting ambitious and meaningful goals for addressing and resolving climate change issues, for its emissions reduction activities, and for the transparency and comprehensiveness of its information disclosure.

Committed to creating a better life and a sustainable global environment for future generations, the Panasonic Group will continue to promote efforts to solve global environmental problems and transparent disclosure of environmental information, working hand in hand with society to achieve a carbon neutral world.