• *1The Science Based Targets initiative (SBTi) is an international initiative that scientifically assesses and certifies the validity of greenhouse (GHG) emission reduction targets set by companies to meet the Paris Agreement goal of limiting the rise in global temperature to 1.5 degrees Celsius above pre-industrial levels.

• *2CDP is a non-government organization (NGO) managed by a charitable organization in the UK. Since its founding in 2000, it has operated a global disclosure system for investors, companies, countries, regions, and cities to manage their environmental impacts.

• *3The EcoVadis Sustainability Assessment covers four categories—Environment, Labor & Human Rights, Ethics, and Sustainable Procurement—based on thousands of external sources, such as NGOs, labor unions, international organizations, local governments, and audit institutions. EcoVadis is an independent and highly trusted collaborative platform that has evaluated more than 130,000 companies and organizations in 180 countries.

• *4The MSCI Nihonkabu ESG Select Leaders Index is an ESG investment index provided by Morgan Stanley Capital International (MSCI) in the U.S. This index is comprised of companies that excel in ESG evaluation among the constituents of the parent index (MSCI Nihonkabu IMI Index), with 517 companies having been selected as of January 2024.

* THE INCLUSION OF PHC HOLDINGS CORPORATION IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF PHC HOLDINGS CORPORATION BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.