NewsJune 25, 2025

PHC Group Targets on Greenhouse Gas Reduction Validated By Science Based Targets Initiative

TOKYO, JAPAN, June 25, 2025 – PHC Holdings Corporation (headquarters: Chiyoda-ku, Tokyo, Japan, President, Representative Director and CEO: Kyoko Deguchi, hereafter PHC Group) announces that the company’s greenhouse gas (GHG) emissions reduction target has been validated by the Science Based Targets initiative (SBTi)^*1 on June 16, 2025.

The SBTi is a corporate climate action organization that checks and validates the scientific basis of CO₂ emissions reduction targets set by companies worldwide. It acknowledges that approaches to reducing emissions is scientifically grounded and consistent with the Paris Agreement's goal of limiting global temperature rise to below 1.5℃ relative to pre-industrial levels.

PHC Group has received validation for its Near-Term SBT on targets to reduce Scope 1 (direct) and Scope 2 (indirect) GHG emissions by 42%, as well as Scope 3 (upstream and downstream in the supply chain) GHG emissions by 25%, by fiscal year 2030. These targets are outlined in the PHC Group Value Creation Plan 2027^*2, which are based on our global sustainability strategy to prioritize initiatives in climate change, preservation of natural resources and circularity.

Kyoko Deguchi, President, Representative Director and CEO of PHC Holdings Corporation, said, “All major achievements start with a goal. We are delighted for our targets to be validated by the SBTi, which is one of our sustainability strategy initiatives outlined in our Value Creation Plan 2027. This accomplishment is an important milestone, and we are thrilled to have reached it so quickly. Starting last fiscal year, we have embarked on sustainability initiatives^*3 including calculating GHG emissions throughout our supply chain and obtaining third-party verification using the international standard ISO 14064-3-2019 for our emissions in Scope 1-3, which is based on a global GHG calculation protocol. PHC Group is committed to reducing GHG emissions from its sites’ business activities through initiatives such as energy savings, renewable energy adoption, and equipment upgrades. We will also drive collaboration with business partners to promote GHG emission reductions across the entire supply chain and contribute to a more sustainable future.”

• Validated GHG Reduction Targets (Near-term Targets)

Scope 1 (Direct)	Achieve a 42% reduction by FY2030 compared to the FY2023 baseline.
Scope 2 (Indirect)
Scope 3 (upstream and downstream in our supply chain)	Achieve a 25% reduction by FY2030 compared to the FY2023 baseline. Relevant reduction categories: · Category 1: Purchased goods and services · Category 4: Upstream transportation and distribution · Category 6: Business travel · Category 11: Use of sold products · Category 12: End-of-life treatment of sold products

*1 The SBTi(Science Based Targets initiative) is jointly operated by the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).
Official web site:https://sciencebasedtargets.org/
*2 Details on PHC Group’s Value Creation Plan 2027:https://www.phchd.com/global/about/vcp
*3 Details on PHC Group’s Sustainability Initiatives:https://www.phchd.com/global/sustainability

About PHC Holdings Corporation (PHC Group)

PHC Holdings Corporation (TSE 6523) is a global collection of healthcare companies with a mission of contributing to the health of society through healthcare solutions that have a positive impact and improve the lives of people. Its subsidiaries (referred to collectively as PHC Group) include PHC Corporation, Ascensia Diabetes Care, Epredia, LSI Medience Corporation, Wemex and Mediford. Together, these companies develop, manufacture, sell and service solutions across diabetes management, healthcare solutions, life sciences and diagnostics. PHC Group’s consolidated net sales in FY2024 were JPY 361.6 billion with global distribution of products and services in more than 125 countries and regions.
URL: www.phchd.com