JICA's Commitment to Sustainable Development

jiCA JICA at a Glance JICA Social / Sustainability Bond Framework Overview 5. Second Party Opinion from Moody's Investors Service Summary We have assigned an SQS2 Sustainability Quality Score (Very good) to Japan International Cooperation Agency's ('JICA' or 'the agency') social and sustainability bond framework dated 4 April 2023. JICA's use-of-proceeds framework has been established with the aim to finance projects across nine social categories and six categories with combined social and environmental objectives. The framework is aligned with the four core components of the International Capital Market Association's (ICMA) Green Bond Principles 2021 (including June 2022 Appendix 1), Social Bond Principles 2021 (including June 2022 Appendix 1) and Sustainability Bond Guidelines 2021. The framework also demonstrates a significant contribution to sustainability. Business Activities Funding Activities Sustainability quality score (SQS) JICA's Bonds - Social / Sustainability Bond Framework Alignment with principles USE OF PROCEEDS Overall alignment Not aligned Partially aligned Aligned Best Practices FACTORS ALIGNMENT Overview Use of proceeds Recent Highlights Evaluation and selection Management of proceeds Reporting ➤ Appendix Source: Assessment 7 April 2023 (Moody's Investors Service) *Moody's full Second Party Opinion is available on our website. SQS2 SQS5 SQS4 SQS3 Weak Intermediate Good SQS2 SQS1 Very Good Excellent Contribution to Sustainability Overall Contribution Poor Limited Moderate Significant High Expected impact Relevance and magnitude ADJUSTMENTS ESG risk management Coherence No adjustment No adjustment 16

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