Tokuyama Corporation (hereinafter referred to as "the Company" or "Tokuyama") hereby announces that it received Roundtable on Sustainable Biomaterials ("RSB") and Green Gold Label ("GGL") certifications on February 7, 2022 and February 17, 2022, respectively, with respect to its efforts to ensure the sustainable procurement of palm kernel shell (PKS), a biomass fuel used in the Group's private power plants, from such perspectives as natural forest conservation and biodiversity.

In order to reduce greenhouse gas (GHG) emissions, Tokuyama is promoting the use of biomass as a fuel for its private power plants. Among the various types of biomass fuels, PKS is positioned as a key source of energy. Against this backdrop, the Company recognizes the critical need to ensure traceability, the degree of environmental friendliness exhibited by the place of production, and legality of PKS procured from overseas, from production, processing, and transportation. Based on this understanding, Tokuyama has taken all appropriate steps to obtain certifications by global third-party organization.

Consistent with the third-party certifications provided by RSB and GGL, which are recognized under the revised Business Plan Development Guidelines for Biomass Power Generation (April 2021) issued by Japan's Agency for Natural Resources and Energy, a wide range of stringent standards are in place that set limits on the amount GHG emissions allowed at the time of biomass production. Tokuyama will continue its efforts to reduce total CO₂ emissions through the use of properly certified biomass fuels, and to achieve carbon neutrality in 2050.

Overview of Each Certification * Roundtable on Sustainable Biomaterials Certification Led by the Swiss Federal Institute of Technology in Lausanne, the RSB was established in 2007 with the aim of promoting environmental requirements that ensure the sustainable production of biofuels. RSB certification covers and certifies the entire process from production to distribution of all advanced fuels.

* Green Gold Label Certification Established in 2002, GGL is amongst the earliest certification schemes. Specializing in biomass, GGL has a unique history in the tracking and tracing of sustainable biomass. GGL certification covers the complete supply chain from production, processing, transportation to final use.