We have reviewed our scenario analysis based on the framework recommended by 'TCFD' the Task Force on Climate-related Financial Disclosures. The aim is to strengthen the VT Holdings Group's strategy for sustainable growth by better understanding and assessing the impact of climate change on its business activities.

The Company endorsed TCFD's recommendations in July 2022 and has analyzed the 'scenarios below 2℃' and 'scenarios above 4℃', based on reports and several existing scenarios about future projections published by governments and international organizations, such as the IEA World Energy Outlook, in considering the 'different climate-related scenarios including a scenario below 2℃' recommended by TCFD. However, in light of the current situation, the 1.5℃ and 4℃ scenarios, which are more in line with international climate targets, have been adopted as new assumptions, the scenario analysis has been revised and the content of disclosures in each area of Governance, Risk Management, Strategy, and Indicators and Targets related to the identified climate change risks and opportunities has been expanded.

Based on the assessment of these scenarios, the company will continue to actively address climate change. We will also continue to regularly disclose information on climate-related risks and opportunities for better transparency and practice responsible corporate behaviors towards sustainable growth.