Selected for the FTSE4Good Index Series and FTSE JPX Blossom Japan Index for the third consecutive year

Our company has been selected for the third consecutive year as a constituent of the "FTSE4Good Index Series" and the "FTSE JPX Blossom Japan Index," which are leading ESG investment indices. This marks our third consecutive year of selection for all six Japanese equity ESG investment indices adopted by the Government Pension Investment Fund (GPIF).

The "FTSE4Good Index Series" and the "FTSE JPX Blossom Japan Index" were developed by the UK-based global index provider FTSE Russell. They are designed to measure the performance of companies that demonstrate excellent responses to environmental, social, and governance (ESG) factors and are widely used for creating and evaluating sustainable investment funds and other financial products. FTSE Russell's evaluations cover areas such as "Corporate Governance," "Human Rights," "Health and Safety," "Anti-Corruption," and "Climate Change." Companies included in the "FTSE4Good Index Series" and the "FTSE JPX Blossom Japan Index" meet various environmental, social, and governance standards.

Our company has also been selected as a constituent of other leading ESG investment indices, including the "MSCI Selection Indexes" and the "SOMPO Sustainability Index."

Our company has established "Safety and Security," "Community Development," "Quality of Living Environment," "Human Resource Development," "Decarbonization and Circular Economy," and "Corporate Governance and Compliance" as our sustainable key themes (materiality). We are committed to "Creating a Beautiful Living Environment for the Future" and "Continuously Solving Social Issues Through Business" by addressing these themes, making "Sustainable Management" our fundamental management stance. We will enhance our ESG initiatives and increase our non-financial value to strive for sustainable corporate value growth.

* "FTSE JPX Blossom Japan Index," "FTSE JPX Blossom Japan Sector Relative Index," "MSCI Japan ESG Select Leaders Index," "MSCI Japan Empowering Women Index (WIN)," "S&P/JPX Carbon Efficient Index," and "Morningstar Japan Equity Gender Diversity Tilt Index (excluding REITs)"

[Appendix]

<Reference> Regarding ESG Investment Indices of Which Our Company is a Constituent

FTSE4Good Index Series

An index composed of companies selected for their excellent ESG evaluations from major global companies by the UK-based FTSE Russell.

https://www.lseg.com/ja/ftse-russell/indices/ftse4good

FTSE JPX Blossom Japan Index (GPIF Adopted Index)

An index developed by the UK-based FTSE Russell, composed of Japanese companies selected for their particularly high absolute ESG evaluations based on the evaluation methodology of the "FTSE4Good Japan Index."

https://www.lseg.com/ja/ftse-russell/indices/blossom-japan

MSCI Selection Indexes

An index developed by the US-based MSCI, composed of companies selected for their high evaluations of excellent initiatives in environmental, social, and governance (ESG).

https://www.msci.com/indexes/group/selection-indexes

FTSE JPX Blossom Japan Sector Relative Index (GPIF Adopted Index)

An index composed of Japanese companies selected based on FTSE Russell's ESG evaluations, assessing their greenhouse gas (GHG) emissions and climate change initiatives.

https://www.lseg.com/ja/ftse-russell/indices/blossom-japan

MSCI Japan ESG Select Leaders Index (GPIF Adopted Index)

An index composed of companies selected by MSCI (US) based on ESG evaluations, from among the constituents of the MSCI Japan IMI Index, with high ESG ratings within each industry group.

https://www.msci.com/msci-japan-esg-select-leaders-index-jp

MSCI Japan Empowering Women Index (WIN) (GPIF Adopted Index)

An index developed by MSCI (US), composed of companies selected for their multifaceted excellence in gender diversity based on data and disclosures on female employment as required by the Act on Promotion of Women's Participation and Advancement in the Workplace.

https://www.msci.com/msci-japan-empowering-women-index-jp

S&P/JPX Carbon Efficient Index (GPIF Adopted Index)

An index jointly developed by S&P Dow Jones Indices (US) and the Tokyo Stock Exchange, composed of companies selected from the constituents of TOPIX by excluding companies with low carbon efficiency (high carbon emissions per sales) or those with risk indicators above a certain level within each industry group.

https://www.jpx.co.jp/markets/indices/carbon-efficient/index.html

Morningstar Japan Equity Gender Diversity Tilt Index (excluding REITs) (GPIF Adopted Index)

An index composed of companies selected by Morningstar (US), utilizing data and evaluation methods from Equileap (Netherlands), where gender diversity policies are culturally ingrained, and employees are promised equal opportunities regardless of gender.

https://indexes.morningstar.com/gender-diversity-indexes-jp

SOMPO Sustainability Index

An index independently created by SOMPO Asset Management, based on ESG scores from the "Environmental Management Survey" and "ESG Management Survey" conducted by SOMPO Risk Management, combined with equity valuation.

https://www.sompo-am.co.jp/institutional/product/06/

<Reference>

Our Company's Initiatives for Sustainable Management

https://tokyu.disclosure.site/ja/

<SDGs Declaration> Tokyu Corporation (Consolidated) Contributes to SDGs

Aiming to "Create a Beautiful Living Environment," we are engaged in sustainable "Community Development" integrated with transportation and other living infrastructure and services, contributing to SDGs by balancing business growth with social issue resolution.

Environmental Vision 2040

To further promote initiatives for realizing towns in harmony with the environment, our company revised its "Environmental Vision 2030" formulated in March 2022 and established "Environmental Vision 2040" in September 2025. "Environmental Vision 2040" updates the previous target levels for 2030 and newly sets target levels for 2035 and 2040, promoting initiatives towards the realization of "Towns in Harmony with the Environment."

https://s3-ap-northeast-1.amazonaws.com/sustainability-cms-tokyucorp-s3/pdf/Environmental_Vision_2040.pdf