#1Nomura Sustainability Day 2022 Chie Toriumi Head of Content Company, Group Sustainability Officer and Financial Education Nomura Holdings, Inc. October 6, 2022 NOMURA Connecting Markets East & West Drive Sustainability. O Nomura#2The state of sustainability NOMURA#3NOMURA Growing interest in sustainability ■Sustainability is having a greater impact on corporate value ■Financial institutions face increasing pressure to address sustainability through financial services Overall sustainability UN PRI Climate change Disclosure Financial institution activities 2006 2015 UN SDGs Paris Agreement (COP21) TCFD recommendations UN PRB 2017 2018 2019 2021 TNFD framework Glasgow Climate Pact (COP26) 2022 Partial implementation of SFDR Announcement of CSDR Compulsory disclosure of climate related data by companies listed on Japan's Prime Market Announcement of CSDD ISSB draft announcement US SEC climate change disclosures announcement Requests in Japan for human capital disclosures in annual securities reports Promoting sustainable financing, including transition financing Financial institutes to operate in a way that is consistent with social goals Closer engagement with portfolio companies and stricter ESG screening for lending and investment Create and enhance ESG/SDG investment opportunities Investment activities that take into account ESG factors 2#4Spike in energy prices1 Headwinds: Spike in energy prices affecting energy policy 1,600 Indexed (Jan 2020=100) Natural gas (Europe) 1,200 800 Crude oil 400 LNG (Japan) 0 2020 1. Source: World Bank (monthly). Natural gas (US) NOMURA Responses to energy crisis UK £15bn-plus additional support package for household facing climbing living costs (May) Germany Norway Increased gas supply to EU (Jun) Took emergency measures to cap natural gas consumption and increase coal-fired power plant operations (Jun) Announced plans to keep nuclear power plants on standby until Apr 2023 (Sep) France Extended existing price cap on power and gas (Sep) Europe (EC) Japan PM directed ministries and agencies to start looking into development and construction of next generation nuclear power plants (Aug) Plan to reduce dependency on Russian gas and oil. Aiming to also address climate change, including raising renewable energy usage to 45% by 2030 (May) Determined at Sep energy ministers' meeting to discuss to keep power and energy prices down (Aug) " 2021 2022 3#5NOMURA Headwinds: Monetary tightening impact on SDG bond market Monetary tightening has led to higher government bond yields and increased volatility in bond market (%) 4.0 Issuance of SDG bonds has slowed globally1 (billions of dollars) Tapering Start of 200 QT 350 Issuance boom spurred by Covid, etc. Changing issuance environment 3.0 US MOVE Index (rhs) 300 160 250 120 200 10-Yr Treasuries 2.0 10 1.0 1. 0.0 2020 2021 80 08 40 40 US FF rate Source: Bloomberg New Energy Finance (as of Jun 30, 2022). 150 100 50 50 0 0 2022 2020 2021 2022 4#6But...growing focus on threat of global warming NOMURA ■Number of countries and regions declaring to go carbon neutral is increasing each year ■137 countries/regions have declared carbon neutrality by a target date, equivalent to 83% of the world's CO2 emissions Countries/regions declared 124 137 carbon neutrality Percentage of global CO2 emissions 61% 83% Dec 2020 Today Countries/regions declared carbon neutrality by target date Source: Net Zero Tracker. Energy and Climate Intelligence Unit, Data-Driven EnviroLab, NewClimate Institute, Oxford Net Zero. 2022 (as of Sep 2022) 5#7Nomura Group's sustainability initiatives NOMURA#8NOMURA Sustainability at Nomura ■In line with our Founder's Principles, our Management Vision for 2025 is to achieve sustainable growth by helping resolve social issues Raising our corporate value and ensuring sustainable growth for society as a whole are closely linked Our Founder's Principles (one of ten principles) Management Vision for 2025 Nomura's Raison d'être Nomura's mission is to enrich the nation through the securities business. This is something we must absolutely see through. Achieve sustainable growth by helping resolve social issues Sustainability at Nomura For Our Clients Support our clients and stakeholders' sustainability efforts through our business operations Create sustainable flow of funds Business succession and regional development Promote innovation, etc. in agriculture and healthcare For Our Society Promote activities to ensure we remain sustainable Reduce our environmental footprint (committed to net zero) Proper disclosure, etc. Underpinnings of our sustainability Decision making by senior management Extensive discussions including at BoD Enhance human capital, promote DEI 7#9NOMURA Materiality at Nomura Nomura Group has set out priority areas for senior management to focus on (materiality) centered on social and environmental issues Related social and environmental issues Resolving social issues through business operations Social and environmental priorities A Sound development of capital markets B Prevent climate change, respond to natural disasters C Pandemic response D Address low birthrate and aging society E Correct disparities between regions and individuals FL Combat cyber attacks, money laundering and other financial crimes G Prevent corporate bad behavior H Promote diversity in talent Nomura Group focus areas (materiality) Provide financial services appropriate for each client, diversify access to financial services Provide financial services that support the realization of a sustainable society Develop and deliver services that respond to declining birthrate and aging society Create opportunities to further understanding of finance, economics, and asset building Reduce our own environmental footprint Enhance governance, including strengthening risk management Promote proper conduct and compliance Enhance human capital, implement DEI policies Conduct CSR globally A D E Today's topics P11-17, B C P22 D P19 A D E P20-21 B P10 Initiatives to strengthen management A FL G H B C E P24-26 8#10Addressing environmental issues NOMURA#11NOMURA For Our Society: Achieving net zero We joined the Net Zero Banking Alliance1 in September 2021 and from this autumn we plan to set 2030 medium-term targets for high impact sectors Our commitment 2021 2022 2023 2024 2025 Scope1, 2 Scope 3 Cat 15 Our own operations Emissions related to lending and investment Emissions related to capital markets transactions (underwriting)4 Usage of renewable energy at main global offices Over 50% Scope 1 1,924 t-CO₂ (YOY -11%) Scope 2 31,710 t-CO2 (YoY -19%) 2 Set reduction target for GHG emissions from high impact sectors Over 70% Closely watching drafting of guidelines by PCAF³ GHG emissions from lending and investment portfolios: Relative comparison (illustrative) Absolute amount: Million tonnes of CO₂e 150 100 Agriculture Cement Real estate Others Oil and gas 50 1234 0 Bank A Bank B Bank C Nomura Oil and gas sector emissions All sector emissions Transport (approx. 80% from cars) Electric power Steel 2030 2050 Achieve net 100% zero by 2030 decarbonized society Support transition to 2030 medium- term target (vs. 2020) Plan to set up from this autumn Achieve net zero from lending and investment portfolios by 2050 ■ GHG emissions from Nomura Group's lending and investment portfolios are relatively small Scope: Lending and investment on balance sheet includes shares held by Nomura Holdings and lending and securities held by international Wholesale and Nomura Trust and Banking High impact sectors: Electric power, cars, others One of the seven initiatives under the Glasgow Financial Alliance for Net Zero where banks commit to carbon neutrality in the lending and investment portfolios by 2050. FY2021/22 actual. Partnership for Carbon Accounting Financials works globally to implement a harmonized approach to assess and disclose the GHG emissions associated with financial institutions' loans and investments. Currently not included in calculations or targets in line with NZBA guidelines. 10#12For Our Clients: Deliver sustainability solutions to meet our clients' changing needs NOMURA ■For Nomura Group, decarbonization is not just about addressing a risk, it also offers business opportunities as we support our clients to execute their strategies, raise funds and make investments Promote sustainable flow of funds through the capital markets and help resolve social and environmental issues Issuers Invest Fundraising Capital markets Invest Investors NOMURA Drive profitability and address social issues by providing public and private products and combining multiple services to meet the needs of issuers and investors, while also responding to demand from investors to capture ESG investment returns Public Corporate finance (debt, debt capital, capital) SDG bonds and other sustainable financing Sustainability loans Project and asset finance Alliance, M&A Others Private Global network Securitization Interest rate, FX hedging Customized solutions Infrastructure finance ■ Acquisition finance ■ Forest resources Sustainability related M&A ESG stocks Carbon credit Expertise in sustainability 11#13For Our Clients: Solid track record in sustainable financing and advisory ■Leverage our strong franchise to support our clients' global sustainability efforts Advantage in terms of global reach compared to other Japanese financial institutions Sustainable finance Sustainable financing target $125bn Five years to Mar. 2026 ■#14 on global sustainable bond league table, #1 Japanese financial insitution¹ NOMURA Sustainability related advisory Involvement in sustainability related M&A transactions Over $11.8bn CY2021 Sustainable financing track record Over $21.4bn FY2021/22 ■#1 in sustainable financing underwriting for Japanese issuers² Acquired Greentech Capital in April 2020 (billions of yen) 635 589 569 Operating globally as Nomura Greentech leveraging expertise in sustainable technology and infrastructure sectors 1. 2. Awarded Investment Bank of the Year by The Banker for three straight years 2020 Sustainable Corporate Finance 2021 Sustainable FIG Financing 2022 Sustainable SSA Financing The Banker Investment Banking Awards 2020 INVESTMENT BANK OF THE YEAR FOR SUSTAINABLE CORPORATE FINANCE The Banker Investment Banking Awards 2021 INVESTMENT BANK OF THE YEAR FOR SUSTAINABLE FIG FINANCING The Banker Investment Banking Awards 2022 INVESTMENT BANK OF THE YEAR FOR SUSTAINABLE SSA FINANCING Nomura Co. A Co. B Supported EU's largest fundraising two consecutive years European Union Social bond €17bn Joint Lead Manager Issued as part of SURE in Oct 2020 European Union Green bond €12bn Joint Lead Manager Issued in Oct 2021 as part of Next Generation EU program to recover from Covid Nomura Greentech accounts for increasing percentage of Advisory revenues NOMURA greentech FY19/20 FY20/21 FY21/22 Source: Refinitiv, Jan - Dec 2021 Total of green bonds, social bonds, sustainability bonds, sustainability-linked bonds, sustainability-linked green bonds, transition bonds, and transition-linked bonds. Apr 1, 2022 - Sep 28, 2022, based on day of pricing; Source: Nomura, based on disclosure materials and Capital EYE. 12#14For Our Clients: Solutions tailored to client needs (1) NOMURA Sustainability-linked bonds are a new type of financing that don't limit the use of funds and can be offered to a wide range of clients Global issuance was over $100bn in 2021 and is expected to remain roughly the same in 2022 Key points of sustainability-linked bonds No specified use of funds Specific numerical targets set (KPI/sustainability performance target (SPTS)) Financial conditions and structure change according to level of targets achieved Issuance of sustainability-linked bonds (billions of dollars) The Sustainability-Linked Bond Principles 120 100 80 60 40 20 20 Estimated annual issuance 2019 2020 2021 2022 Jan-Jul Supported several sustainability-linked bond transactions in Japan Obayashi Corporation Y30bn (5-Yr Y20bn; 7-Yr Y10bn) Structuring Agent ✓ KPI: CO2 reduction in Group's scope ✓ SPTS: CO2 reduction vs. FY2019 ✓ Features: If targets not reached, a donation equivalent to a predetermined percentage of the bond issuance value to be donated to an organization set up for the purpose of environmental conservation April 2022 Nagase & Co. Y10bn (10-Yr) Structuring Agent KPI: GHG emissions in Group's scope ✓ SPTs: Reduction of Group's GHG emissions ✓ Features: If targets not reached, until redemption the company will purchase emissions rights with a value according to progress in reaching SPTS June 2022 NOMURA Shiga Prefecture Y5bn (10-Yr) ✓ SPTs: Reduce GHG emissions by 50% compared to FY2014 ✓ Features: If targets not reached, make additional commitment equivalent to 0.1% of value of bond issuance as funds for projects set up by Shiga Prefecture to reduce GHGS April 2022 13#15NOMURA For Our Clients: Solutions tailored to client needs (2) Transition finance is critical to achieving decarbonization Bond issuance rose sharply in Japan after transition technology roadmap by sector announced By region Asia and by sector electric power account for half of funds required for decarbonization Estimated loans and investment required by 20501 Not all industries can make leap to decarbonization in one go Carbon neutral Illustration of transition to decarbonized society² $122trn Asia By region 54% North America 17% Europe Others 17% 12% Decarbonized society (Examples) ⚫EVs Transition phase •Renewable energy, etc. (Examples) Brown economy ⚫Fuel conversion, energy efficient technologies High efficiency power generation, etc. By sector Electric power 49% Land transport 34% Real estate Aviation 4% 5% Now Sharp rise in transition finance in Japan (billions of yen) Transition bonds Transition-linked bonds 400 # of transactions (rhs) 20 300 Transition finance roadmap (by sector) 200 10 10 METI, JFSA, MOE 100 announce basic guidelines 0 2020 2021 2022 (-9/9) - 1. Source: "Climate Finance Markets and Real Economy" Dec 2020. 2. Source: Ministry of Economy, Trade and Industry 2030 Supported multiple transition finance transactions JFE Holdings Y30bn Structuring agent, lead manager 2050 NOMURA Osaka Gas Y27bn Lead manager Use of funds Use of funds Energy efficiency initiatives Manufacture of eco products Development of ultra-innovative steel making process Renewable energy initiatives Solar power business invested in by Daigas Group Himeji natural gas electric power plant currently under construction Jun 2022 Aug 2022 14#16For Our Clients: Infrastructure financing ■Global theme is to quickly provide fundraising opportunities to ensure energy sustainability ■We are leveraging our global network to support various financing transactions NOMURA Our strengths Full service From underwriting to sales, we provide global services to meet client needs Expertise and detailed project management Teams with high expertise and unique insights conduct detailed market and risk/return analyses and monitoring Relationships with clients globally Build close relations globally an provide ongoing client support Collaboration with partners Leverage Nomura Group network to execute financing and sell products in collaboration with major institutions in all regions Selected as finalist in IJ Global MLA of the Year Award 2019-2021 Selected transactions Americas/Global CanadianSolar Manufactures solar power modules and carries out solar power projects globally Supported multiple deals of financing since 2019 Europe Supporting decarbonization efforts in European countries facing energy problems through solar power business and battery storage businesses Japan and Japan/Americas Supported investment by Japanese investors into North American and Japan ESG assets (total of Y170bn¹) using infrastructure finance to bridge ESG and finance amp Construction of stand-alone battery storage and green hydrogen developments globally Supported solar power projects ($350m) 1. Accumulated total from 2020 to Sep 2022 2. Accumulated total from 2017 to Sep 2022; Amount of electric power introduced does not take into account underwriting share. Transactions involving infrastructure financing accumulated amount 30GW2 15#17For Our Clients: Tapping into new business opportunities NOMURA ■Strengthen our organization to deliver services for strategic advice on sustainability and to meet demand for fundraising and fund management across debt and equity securities M&A Advisory (incl. sustainability related coverage) Energy NOMURA greentech + Industrials Infrastructure From April 2022 M Greentech Industrials & Infrastructure (GII) Global approach to M&A Advisory services including supporting decarbonization as clients realign their business portfolios Advanced Materials and Chemicals Advanced Transportation + AgTech and Sustainable Food Building and Sustainable Product Digital Infrastructure Low Carbon Infrastructure NextGen Ocean & Air Transportation Renewable Energy Value Chain Water Infra Environmental Services & Technologies Water Technology and Equipment Energy and Industrial Technology and Services Financing DCM Department Sustainable Finance Section Japan ESG related advice and consulting From October 2022 Sustainable Finance Department Consolidate sustainability themed financing, advisory, consulting, etc. Sustainable financing expertise Expertise on non- financial disclosure Closer collaboration (Research, underwriting) Other ESG related Emissions trading consulting International DCM and Infrastructure Financing 16#18Chairing GX Business Working Group, finding climate change opportunities NOMURA We are chairing the GX Business Working Group (79 member companies), one of the initiatives under the GX League (Green Transformation League) led by METI GX League was set up in February this year and its 500 endorsing companies focus on three areas: discuss how society looks in the future, develop market rules, voluntary emissions trading As part of developing market rules, the aim is to create a mechanism to properly evaluate climate change opportunities for companies Evaluation of climate change Focus only on risks Current ✓ Focus only on risks such as disclosure of CO2 emissions when evaluating companies on climate change Climate risk Future Risks and opportunities Proper evaluation of not just risks but also opportunities such as companies that have products and services that contribute to reducing emissions or companies that invest in developing innovative technologies Climate risk + Climate opportun ities Nomura's aim in Working Group ✓ As a financial institution, support corporates to see climate change opportunities as the world moves towards carbon neutral ✓ With a view to future rule making in public and private sectors, communicate concepts, disclosure and evaluation items, and evaluation guidelines on climate change opportunities for corporates As Chair, actively communicate guidelines to international community with aim of promoting to not just Japanese but also international institutional investors GX League 17#19Addressing social issues NOMURA#20NOMURA For Our Clients: Solutions for an aging society Enhancing our solutions for SMEs given aging management and lack of successors Inheritance consulting to support smooth hand over of assets to next generation is on the rise Solutions for managers and owners Use professionals Trynibus: Platform to support SMEs Trynibus to fill gaps People Find business Fully-launched online service Trynibus in July 2022 to create virtuous cycle for SMEs Registered companies Platform to bring together manager candidates and SMEs with succession issues ■Completed second closing in Aug 2022; Over Y5.8bn in investment commitments from LP investors making it Japan's largest search fund JSFP Japan Search Fund Platform Japan's largest GP investor/fund Y5.8bn Japan Search Fund Platform management NOMURA JaSFA hints 724 Management candidate searchers Information Business matching Acquisition Searcher Capital gain LP investors Search fee Money Products, services 284 funds takes over 888 Visualize financials to Find new find solutions business partners Original content Searcher appointed Find company Business succession Raise value Company transfer Investors 130 Increase in M&A transactions for SMEs and healthcare companies due to growing demand for business succession Inheritance consulting Referrals to Nomura Trust and Banking on the rise ■Testamentary trusts ■Estate settlements Covid 129 111 116 111 94 1,321 344 66 570 606 331 198 204 977 261 175 104 82 372 402 69 106 179 227 FY2016/17 FY2017/18 FY2018/19 FY2019/20 FY2020/21 FY2021/22 FY2016/17 FY2017/18 FY2018/19 FY2019/20 FY2020/21 FY2021/22 19#21For Our Clients: Financial wellbeing NOMURA We have been a leader in providing financial education since the 1990s, supporting everyone from school students to company employees ■To further drive these efforts, in April 2022 we set up the Financial Well-being Dept. and branch office Promotion Teams Vision Create a well-being society with mental and economic wealth where all people can envision the future and have the freedom to choose their path New financial well-being activities 1. Organization Appointed SMD in charge of financial education, established 2. Content creation Develop shared content 365 pieces (as of Sep 2022) 3. Enhanced delivery Pamphlets Online 4. Further expansion of financial education Sessions for school teachers Financial Well-being Dept. NOMURA ピークが米国金利 GDP)经济成長解 10 ORATE NOMURA Nomura Securities branch offices: Set up Financial Well- being Promotion Teams (led by branch head) 132 Content platform Building on our past success in delivering financial well-being activities Financial education across generations Elementary, junior high, and high schools Universities Support financial education at schools As of Mar 2022 Financial education 948,000 Financial education recipients classes Nikkei STOCK League participants Original teaching 13,000 138,000 1,075,000 materials Young adults Middle aged Held in Aug 2022 Training for Tokyo teachers Seniors Support government, companies, business groups, and individuals In-house training support Consulting Life planning seminars 5,000 times 800 companies 9,000 times As of Sep 2022 20#22For Our Clients: Approaches to working age generations to expand investor population NOMURA Increasing contact points with working age generations and supporting improved financial literacy and asset building over the medium to long term ■ Contributing to shift in Japan from savings to asset building via investment and also to human capital management at corporates Services for salaried employees ESOP DC Workplace NISA/iDeCo Stock compensation plans NOMURA Strengths High market share ✓ Leading share in ESOP market of 40% High-quality services #1 pension information satisfaction ranking (13-yr av. since 2009 of 7 leading managers) ✓ HDI-Japan 5 star for eighth straight year Extensive knowledge Strong relations with client companies Brand and overall capabilities Cross-divisional connectivity (IB, IM) Cost competitiveness + Strengthening business for salaried employees Seamless support from working age to retirement Improved convenience via digital services and apps Provide financial education as required (financial wellness program) Enhanced contact center function to put in place organization for consulting " ■ Clients Listed companies, public sector, unlisted companies Enhance employee fringe benefits Contribute to human capital management Create asset management opportunities Promote human capital management Employees, executives, civil servants Improve financial literacy Asset building over medium Prepare for the future Improve financial literacy of working age and build assets over long term ■ to long term 21 21#23For Our Clients: Food and agriculture solutions Supported Japan's largest food and agritech fundraising (Y4bn)* Artificial light plant factory with world-leading technology and sales track record Reduce food loss, mileage NOMURA Invest (Y4bn) Use loT/AI ✓ SPREAD Operating companies Angel investor Automation Water saving, recycling water resources Spread Co., Ltd. (Plant factory start up) Expanding distribution of sustainable vegetables (Vegetus) Minimize power usage ベジタス ジクス ベジタス Chemical フリルレタス プリーツレタス フリンジレタス PRILLY TUCE LATED LOTTUCE & free *Support formulation of business and financial strategy (medium-term plan, equity story, capital policy, etc.) R&D on strawberries and other new products Approach Nomura Group business departments RM Kyoto branch Japan branches Collaborate Wealth Management Group Investment Banking Nomura Agri Planning and Advisory ■Research-based practical consulting ■ People with deep experience in agriculture 22 22#24Underpinnings of our sustainability NOMURA#251. 2. Enhancing our people for sustainable growth NOMURA Hiring and training based on required expertise and skill set for each business to execute its strategy ■Focus on providing future leaders and young people with opportunities Qualifications for broader asset management business Retail: Portfolio consultant (2,346), Real estate transaction specialist (864), etc. Investment Management: CMA holders (465 or 45% of Nomura Asset Management employees) Special skills for advisory business Wholesale: M&A University invites internal and external experts to train juniors in M&A and provides tools (Curriculum consisted of 11 themes in 2022) Digital IQ E-learning program to improve digital knowledge and skills of all employees globally and help them develop expertise Nomura Passport¹ Hire people with high expertise in Al development, data science, digitalization, etc. Digital talent grew to 100 people in three years Employees with deep knowledge of Nomura's business and mid-career hires working together to promote digital transformation Internships Train specialists to strategy execute busines Hire diverse, promising talent Held across regions in order to hire deserving university students Nomura Business Academy - Support skill development of Japan- based employees (Total of nearly 14,000 participants in FY2021/22 Training for area-specific employees by head office departments Retail: Use knowledge and skills learnt in current job (started in 2021, 37 participants) development Give opportunities to Support independent career young people People strategy to support sustainable growth EMEA: Internship program held through SEO² Program for SEO university students (40 people on internship program. Including other programs, support about an average of 5,000 15 - 24 year olds annually) future leaders e ndidates for key posit>! Mentoring Wholesale analyst training To train people who can operate globally, graduates come together in New York after training in each region for a practical training program and to build internal network (In 2022, 230 participants took part over six weeks) Nomura Management School Program held for nine months to increase base and train next generation of leaders Next generation training program Sustainability and digital courses for younger employees (up to 50 people per course) Held to motivate young people and improve managers' leadership skills (421 pairs participated in 2021) Hiring of late stage PhD candidates for mathematical and statistical professional positions and IT engineering positions. Students with Nomura Passport can extend their entry into Nomura until the year they are due to receive their PhD. Established in the UK in 2000, SEO's mission is to support talented students from underrepresented and underserved backgrounds to prepare them to succeed in their career. 24 24#26NOMURA Diversity in management ■Diversity and inclusion is one of our highest priorities ■Added Equity to our Diversity & Inclusion Policy in 2022 Women in decision making positions More gender diversity in decision making positions Five women SMDs at Nomura Securities in 2021 increased to six in 2022 Position 2016 2022 Target NHI Directors 9% 25% Video messages from DEI Working Group SMDS including Okuda Group CEO on what inclusion means to them to communicate importance of inclusion from the top Inclusion Held DEI Month in Nov 2021 for intensive promotion of DEI Event participants and video viewing of about 20,000 DEI and addressing social issues ■Started collaborative program combining financial literacy and empowerment of women athletes. Hold financial literacy lectures for athletes with money worries and provide career support. NHI SMDS 1 5 Nomura Securities 5.9% Dept. Head 10% (by 2025) Nomura Securities Drive Sustainability. management 8% 13.9% 20% (by 2025) positions Nomura Securities DEI training DEI training including on unconscious bias as part of sustainability training for all 16,000 employees Diversity management training for approx. 4,000 managers Leadership program for senior women managers (total 60 participants* since 2010) Participation in external leadership programs for women increased threefold compared to 2019 Position Senior managers Women All employees Leadership program (+ coaching) Sustainability training Managers Leadership training Mentoring External training Mid-career hire training Leadership training Employees Cross-industry networking Training *Includes sponsorship program for senior women managers held from 2010 to 2017. New dept. head DEI training Mentor training New section head DEI training Manager training 29 New graduate DEI training 2019 2021 External training 3x 92 92 BHHDES.C.P. Japan LC NOMURA スポーツを通じた SCP.Japan 女性のエンパワーメントを目指す! POR ■Won Rainbow award which recognizes companies working with collective impact to resolve LGBTQ+ social issues. Held online financial literacy session for LGBTQ+ youth so they can live as themselves work with Pride Rainbow 2021 25#27NOMURA Understanding engagement through employee surveys Conduct all-employee survey each year to gain comprehensive view of employee engagement Overview of 2022 Nomura Group employee survey Period: July 2022 • Universe: All Group employees (approx. 27,000) • Response rate: 88% Five areas improved vs. last year Client centricity Putting clients at the heart of everything we do is not just a slogan but shows up in our actions Code of Conduct I refer to the Nomura 5 YES in the Nomura Group Code of Conduct and have discussed them Digitalization D&I Productivity I use digital (actively use data analysis, new systems and tools) to deliver results I understand the meaning and issues of D&I and can explain to others Decision making for day-to-day operations requires many approvals and takes time ('Disagree' counted as positive response) Our strengths as seen from score analysis Results of analysis by research company on absolute scores for each question and peer comparison show the following five areas as our strengths globally 1. Firm has clear long-term targets and strategic direction, high understanding of KPIs and action we need to take to reach goals 2. People are encouraged to take on challenges to try new and better ways of doing things, collaborative culture to provide better services to clients 3. Emphasis placed on managing sensitive information, abiding by Code of Conduct and managing business risks and issues 4. A workplace where Diversity is accepted and there is no place for harassment 5. As a result, strong sense of ownership for individual results and strong desire to contribute wtwco.com © 2022 WTW. All rights reserved. Proprietary and Confidential. For WTW and WTW client use only. Not suitable for unintended purpose or use by unauthorized recipient. wtw 26 26#28NOMURA Sustainability organization ■Sustainability decision making at senior management level allows for agile response to ensure sustainable growth for the entire Group and to help resolve social issues Sustainability organizational structure Corporate Chief Financial Officer Chief Compliance Officer Board of Directors Executive Management Board Business I Sustainability Committee Sustainability Council Group Risk Committee Management Chief Risk Officer Wholesale Sustainability Forum Business opportunities and strategy Climate Risk TCFD Working Group Transaction frameworks and policies transaction risks Climate risk in the portfolio Chief Strategy Officer Chief Administrative Officer Retail Division and ESG Working Group Scenario analyses on physical and ■ Disclosure policy and content ■Business impact and opportunities ■Risks and opportunities on climate change Environmental Activities Working Group Environmental Management System ■ GHG Diversity, Equity & Inclusion Working Group DEI strategy Initiatives to Investment Management Division Wholesale Division ■Stress testing promote and support Emissions tracking and targets women's careers Content Company ㅁ ☐ ☐ ☐ ㅁ Close collaboration between execution side and management oversight for robust debate Discussion on management oversight side Themes discussed by BoD Reducing our environmental footprint, setting net zero target Joining NZBA Revise Sustainability Statement Enhance non-financial disclosures Sustainability risks (Risk Committee) <> Discussion on execution side Main discussion points at Sustainability Committee and Sustainability Council ㅁ Digital Company Established Steering Committee to discuss the path to reaching net zero target OOOO ☐ TCFD response, disclosure Materiality -Setting net zero target Joining NZBA Revising Sustainability Statement, ESG Sector Appetite Statement 27 27#29Further promoting sustainability NOMURA Strengthen Wholesale ESG screening ■ Expand details of screening in sectors subject to screening (mining, energy) Increases sectors with limits on financing ■Clarify screening conditions for oil and gas, large-scale hydropower generation and nuclear power generation Nomura Group Sustainability Statement rules Wholesale: ESG Sector Appetite Statement https://www.nomuraholdings.com/sustainability/group/data/pdf/esg_ws.pdf Participate in rule making Make proposals as member of government/business groups • JFSA Expert Panel on Sustainable Finance JSDA Sustainability Standards Working Group ICMA Climate Transition Finance Working Group, Social Bonds and Sustainability-Linked Bonds Working Groups ■ Submit opinion on SEC climate change related regulations, ISSB disclosure standards public draft TCFD Report Enhance disclosure PRB Report Outline that addressing climate change is our social mission as a financial services firm and a business opportunity, increase details on expected risks and opportunities Disclose climate change exposure and breakdown of carbon- related assets Issued first Principles for Responsible Banking Report (PRB Report) in November 2021 Set impact areas from business activities as climate and inclusive and sound economy (sound capital markets) -- Others Internal training Social Contribution Activity Policy ■Three key areas Society Environment Culture Education/research, natural disaster support, healthcare/welfare Address climate change, environmental conservation Support culture/arts, sport ■ Enhance governance by establishing reporting structure for social contribution activities Social Contribution Activity Policy https://www.nomuraholdings.com/sustai nability/group/data/pdf/sca_policy.pdf Sustainability training for all employees and SMDs ■SMD training on sustainability management • 12 videos Case study workshops 28 28#30Drive Sustainability. Even the things we cannot do alone can be achieved when we work together towards a common goal. By combining our expertise and that of our partners, we aim to accelerate the drive towards a sustainable world and help create an affluent society for all. NOMURA#31Appendix NOMURA#32(Reference) Third-party validation of sustainability efforts NOMURA Inclusion in ESG Indices Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA FTSE4Good FTSE Blossom Japan 2022 MSCI ESG Leaders Indexes Constituent 2022 CONSTITUENT MSCI ESGセレクト・リーダーズ指数 2022 CONSTITUENT MSCIE 女性活躍指数(WIN) Awards/Recognition The Banker Investment Banking Awards 2022 INVESTMENT BANK OF THE YEAR FOR SUSTAINABLE SSA FINANCING Won award in The Banker's Investment Banking Awards for three years in a row 2020: Investment Bank of the Year for Sustainable Corporate Finance 2021: Investment Bank of the Year for Sustainable FIG Finance 2022: Investment Bank of the Year for Sustainable SSA (Sovereign, Supranational and Agency) Financing) ESG ratings FTSE Blossom Japan Sector Relative Index MSCI MSCI ESG Ratings MSCI ESG RATINGS AA CCC B BB BBB A AA AAA MSCI TERMS AND CONDITIONS Bloomberg Gender-Equality Index 2022 ISS ISS ESG Corporate Rating CDP CDP DISCLOSURE INSIGHT ACTION A LIST C- 2021 CLIMATE Leadership Level A (December 2021) 2021 ESG FINANCE AWARDS JAPAN SILVER RIEF Sustainable Finance Awards Nomura Securities and Nomura Asset Management won silver at ESG Finance Awards Japan (2021) awarded by Ministry of the Environment to investors and financial institutions that made an outstanding impact on the environment and society Won Sustainable Finance award two years in a row awarded by Research institute for Environmental Finance to financial institutions for contributions to environmental finance and sustainability in Japan Award for Excellence (in 5th year of awards) Sustainable Innovation Award (in 6th year) 31#33UN Global Compact (Reference) Main initiatives we participate in NOMURA Participate and support various initiatives to further promote the realization of a sustainable environment and society WE SUPPORT UN GLOBAL COMPACT Joined in 2015 and support principles on human rights, labor, environment and preventing corruption Task Force on Climate-Related Financial Disclosures TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES Private sector led taskforce set up by Financial Stability Board to make corporates disclose more climate change data; Showed support in 2018 United Nations Environment Programme Finance Initiative UNO environment programme Principles for finance initiative Responsible Banking In 2019, signed UNEP FI, a partnership between UNEP and financial institutions; Signed Principles for Responsible Banking in May 2020 Principles for Responsible Investment Signatory of: PRI Principles for Responsible Investment Nomura Asset Management signed in March 2011; Aimed at incorporating ESG into investment analysis and decision making process Partnership for Carbon Accounting Financials (PCAF) ✓ Partnership for Carbon Accounting PCAFC A Global initiative by financial institutions to calculate and disclose GHG emissions in lending and investment portfolios. Nomura Asset Management joined in 2021 and Nomura Holdings joined in 2022. CDP CDP DISCLOSURE INSIGHT ACTION International project where global investors ask corporates to disclose climate change strategies and greenhouse gas emissions; Started providing data to CDP in 2003; Announced support for project in 2015 Net-Zero Banking Alliance Global alliance for banks aiming for carbon neutrality in their lending and investment portfolios by 2050. Nomura joined in 2021. Net Zero Asset Managers Initiative Global alliance for asset managers aiming for carbon neutrality in their lending and investment portfolios by 2050. Nomura Asset Management joined in 2021. 32#34Disclaimer NOMURA This document is produced by Nomura Holdings, Inc. ("Nomura"). Nothing in this document shall be considered as an offer to sell or solicitation of an offer to buy any security, commodity or other instrument, including securities issued by Nomura or any affiliate thereof. 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