TNFD Disclosures

At Konica Minolta, the President and CEO holds ultimate responsibility and authority for all environmental management, including responses to natural capital issues, and ensures its effectiveness. Appointed by the President and CEO, the Group Environmental Officer promotes its management, develops the Medium-term Environmental Plan, and periodically reports the plan’s progress to the Executive Committee and other relevant meetings, as well as the Audit Committee, where it is discussed as a management issue. Decisions regarding the establishment or revision of key targets are made with the approval of the Board of Directors. Specifically, the Board approved the establishment and revision of key targets in 2008, 2020, and 2023.

Date	Items Approved by the Board of Directors
2008	Long-term Environmental Targets (Eco Vision 2050): “Work to restore and conserve biodiversity”
2020	Five Materialities (including “Effective Use of Limited Resources”)
2023	“Reduce the use of global resources in our products by 90% or more by 2050 toward achieving zero use of global resources” and “Expand its contribution to reducing the use of global resources in products other than our own”

Additionally, the Konica Minolta Group considers the impacts of stakeholders that must be taken into account when assessing and managing nature-related dependencies, impacts, risks, and opportunities, in line with its Human Rights Policy and human rights due diligence.

Konica Minolta has set quantitative targets for 2050 in its long-term vision for "Effective Use of Limited Resources," one of its material issues. Toward achieving zero use of global resources,^* the Company will reduce the use of global resources in its own products by 90% or more and expand its contribution to reducing the use of global resources in products other than its own. The Company aims to transform its business model to one that does not depend on depletable global resources for the materials used in its products and services, thereby enhancing corporate value through its business activities. Konica Minolta believes that these initiatives will benefit the Group’s performance by stabilizing procurement costs and maintaining or improving product competitiveness.
In creating its medium-term action plan, Konica Minolta references the TNFD recommendations announced in 2023 to evaluate the dependency on and impact on natural resources and biodiversity in its business. The Company extracts issues from the perspective of the nine global core indicators proposed by the TNFD and assesses the dependency on and impact on nature in its business activities to identify risks and opportunities.

*Natural resources: Resources that require new extraction, such as crude oil and mineral resources and are generally synonymous with depletable resources.

TNFD Core Indicators			Impact on Konica Minolta
Drivers of nature change		Nine core indicators	Risk	Opportunity
Dependence	Land/freshwater/ocean-use change	1.Total spatial footprint	-	-
		2.Extent of land/freshwater/ocean-use change	-	-
	Resource use / replenishment	3.Water withdrawal and consumption from areas of water scarcity	Supply chain: Shutdown of suppliers and reduction in supply capacity in high water-stressed regions (Southeast Asia)	Textile dry process: Waterless dyeing systems in high water stressed areas (India, Turkey, Italy)
		4.Quantity of high-risk natural commodities sourced from land /, ocean /, freshwater	Natural resources: Instability in procurement due to stricter regulations from environmental pollution and climate impacts Paper: Protective regulations accompanying the decline of forest resources, and a reduction in paper demand	-
Impact	Pollution / pollution removal	5.Pollutants released to soil	Business impacts due to tighter chemical substance regulations and soil pollution prevention measures	Hazardous substance-free technology: Expansion of hazardous substance-free products
		6.Wastewater discharged	-	Inkjet technology: Improving manufacturing process efficiency by providing on-demand production processes
		7.Waste generation and disposal	End-of-life products: Mandatory recycling of products due to measures promoting a circular economy Plastics: Demand for the use of recycled resources in products due to measures promoting a circular economy Depletable resources: Insufficient adaptation for the circular use of rare earths, etc.	Digital solutions that transform the commercial and industrial printing supply chain Advanced technologies for identifying material types in a circular economy Expansion of products utilizing circular resources
		8.Plastic pollution	-	-
		9.Non-GHG air pollutants	-	-

Looking ahead to 2030, Konica Minolta has identified business risks that could affect its performance by 2030, as well as business opportunities that could be created by taking proactive measures to address these challenges. The Company has identified the relevant segments, categories, timeframes, and responses for potential risk manifestations or opportunities under two scenarios: one where nature is protected and restored through strengthened policies, and another where nature continues to deteriorate under current trends. These responses have been established with the mitigation hierarchy approach in mind.

Scenario analysis is conducted using the following process:

• (1)identifying the business areas subject to nature-related scenario analysis;
• (2)identifying significant nature-related risks and opportunities;
• (3)examining nature-related scenarios;
• (4)considering policies and strategies for future responses.

In conducting the analysis, Konica Minolta identifies, assesses, and prioritizes risks and opportunities by taking into account nature-related dependencies and impacts not only in its direct operations but also throughout its upstream and downstream value chain.

Konica Minolta has positioned environmental risks, including resources and biodiversity, as one of the Group’s key management risks, and its Risk Management Committee manages them. For businesses that depend on specific natural resources, the Company assesses and identifies production and procurement risks in its medium-term business plan and addresses them accordingly. The [Strategy] section outlines the process of identifying, assessing, and prioritizing nature-related dependencies, impacts, risks, and opportunities.

In its long-term vision, Konica Minolta has set targets to "reduce the use of global resources in our own products by 90% or more by 2050 as we work to achieve zero use of global resources," "expand our contribution to reducing the use of global resources in products other than our own," and "work to restore and conserve biodiversity." As milestones for achieving these long-term targets, management indicators have been established in the Medium-Term Environmental Plan 2025, which is linked to the Medium-Term Business Plan (2023-2025). The target was set to reduce global resource use in the Company’s own products by 20% compared to fiscal 2019 by the end of fiscal 2025. Additionally, the Company aimed to create a 400,000-ton reduction contribution in global resource use for customers and society in products other than its own. In fiscal 2025, both of these targets were successfully achieved. In the new medium-term plan starting from fiscal 2026, the Company will continue to set targets for reducing global resource use in its own products and expanding its contribution to resource reduction for customers and society, thereby driving efforts to reduce dependence on natural capital and maximize its positive contributions.
Additionally, for environmental compliance with laws, regulations, and ordinances in each country and region, Konica Minolta has set management indicators for wastewater volume, waste, and non-GHG air pollutants, and regularly monitors them.