Climate Change

Carbon Neutrality/ Chair of the Board of Nissan's Contribution Contents CEO Message CSO Message Sustainability at Nissan The Alliance Response to COVID-19 Directors Message to the SDGs Quick Guide For Environmental Social Governance ESG Data Editorial Policy TCFD Content Index GRI Content Index Investors CLIMATE CHANGE STRATEGY FOR ADDRESSING Nissan’s Steps to Reduce CO2 Emissions CLIMATE CHANGE The business structure of the automobile industry is changing greatly in the face of demands to reduce CO2 emissions and dependence on fossil fuels. GRI103-1 GRI103-2 Nissan has been proactively engaged in environmental responsiveness and Toward a Carbon-Neutral Society the creation of social value, such as reducing CO2 emissions and realizing the practical use of electrification technologies. We will further develop In 2015, the United Nations Climate Change Conference (COP21) adopted these initiatives and promote global activities targeting carbon neutrality the historic Paris Agreement to keep the increase in global temperature to in 2050, aiming for 100% electrification in the early 2030s. As a global “well below” 2°C. automaker, Nissan considers emissions across the entire value chain it At COP24, held in 2018, parties agreed on concrete guidelines to achieve shares with its suppliers, from procurement of raw materials to transportation the goals of the Paris Agreement, namely, to peak-out global greenhouse and operation of vehicles. We understand how important it is to balance gas (GHG) emissions as early as possible and to strike a balance between environmental initiatives with business activities, and strive to reduce GHG emissions from human activity and carbon absorption by nature by the emissions through new technology development, renewable energy use and second half of this century. other measures. The United Nations’ Sustainable Development Goals (SDGs), announced as part of its 2030 Sustainable Development Agenda in 2015, the same year as the Paris Agreement, set goals for climate actions. Nissan is responding to these developments by focusing on electrification and other innovative technologies and by promoting decarbonization through reductions in CO2 emissions throughout the value chain, including by suppliers. NISSAN MOTOR CORPORATION SUSTAINABILITY REPORT 2021 057 Carbon Neutrality/ Chair of the Board of Nissan's Contribution Contents CEO Message CSO Message Sustainability at Nissan The Alliance Response to COVID-19 Directors Message to the SDGs Quick Guide For Environmental Social Governance ESG Data Editorial Policy TCFD Content Index GRI Content Index Investors Efforts at Every Link in the Value Chain The Nissan Green Program 2022 (NGP2022) aims to achieve carbon neutrality by reducing emissions from our corporate activities, products and services. CO2 Emissions in the Value Chain* Ofﬁces, Suppliers Production Logistics Vehicle usage dealerships Recycling 19.520 2.610 1.483 180.880 0.619 million tons million tons million tons million tons million tons Reducing CO2 emissions from corporate activities Reducing CO2 emissions from products and service * Actual emissions in 2018. NISSAN MOTOR CORPORATION SUSTAINABILITY REPORT 2021 058 Carbon Neutrality/ Chair of the Board of Nissan's Contribution Contents CEO Message CSO Message Sustainability at Nissan The Alliance Response to COVID-19 Directors Message to the SDGs Quick Guide For Environmental Social Governance ESG Data Editorial Policy TCFD Content Index GRI Content Index Investors Although NGP2022 has achieved some success, in recognition that efforts PRODUCT INITIATIVES made so far are insufficient in terms of the IPCC “Special Report: Global GRI103-1 GRI103-2 Warming of 1.5°C” published in 2018, and in terms of national / local Policies and Philosophy for Product Initiatives government and customer expectations for carbon neutrality in each market, Nissan is working toward higher goals by aiming for carbon neutrality in the Reduction of Emissions from Products and Services vehicle life cycle and all business activities by 2050. As a milestone toward According to a 2014 report from the Intergovernmental Panel on the realization of this goal, in January 2021 we announced that Nissan has Climate Change (IPCC), the transport sector was responsible for 14% of set the goal of achieving carbon neutrality across the company’s operations anthropogenic greenhouse gas emissions from all economic sectors in 2010. and the life cycle of its products by 2050. As part of this effort, by the As a business in this sector with continued growth in both unit sales and early 2030s every all-new Nissan vehicle offering in key markets will be amount of passenger activity, Nissan is aiming to decouple emissions from electrified. company growth. Nissan will promote the evolution of new technologies and businesses, and under the umbrella of Nissan Intelligent Mobility,* we take a unified approach Our Long-Term Vision to bringing new technologies, functions, businesses and services to market. Based on the IPCC Fourth Assessment Report, Nissan made its own * Click here for more information on Nissan Intelligent Mobility. https://www.nissanusa.com/experience-nissan/intelligent-mobility.html estimation, and in 2006, set a scientifically-based long-term CO2 emission reduction target for new vehicles by 2050. CO2 Reduction Scenario Recognizing that this would require drastic reduction of “well-to-wheel” CO2 emissions from new vehicles, we set about developing a new scenario CO2 emissions from new cars Well-to-Wheel CO2 emissions reductions with future powertrains （%）（%） for powertrain technologies. Additionally, under the Nissan Green Program 100 100 30% 40% 2022 (NGP2022), to remain on track with this target, we are aiming to 80 80 reduce CO2 emissions from new vehicles by 40% compared to fiscal 2000 60 60 by 2022 (in Japan, the U.S., Europe and China) throughout the value chain 40 40 as a whole. As a global leader in technological advancements through the Renewable electricity electrification of our products, we believe we can substantially contribute to 20 20 Offset carbon emission the global efforts to keep the temperature increase “well below” 2°C. These 0 Internal Internal Electric Fuel-cell 0 2000 2016 2022 2050 combustion combustion vehicle electric vehicle base (FY) engine engine (EV) (FCEV) initiatives also reinforce the sustainability of our own business. (non-hybrid vehicle) (hybrid vehicle) NISSAN MOTOR CORPORATION SUSTAINABILITY REPORT 2021 059 Carbon Neutrality/ Chair of the Board of Nissan's Contribution Contents CEO Message CSO Message Sustainability at Nissan The Alliance Response to COVID-19 Directors Message to the SDGs Quick Guide For Environmental Social Governance ESG Data Editorial Policy TCFD Content Index GRI Content Index Investors Pursuing a Zero-Emission Society We participate in a comprehensive range of vehicle-related initiatives, including the development of lithium-ion batteries, secondary use and Electric vehicles (EVs) demonstrate that what is good for drivers and recycling of batteries, construction of vehicle-charging infrastructure, the planet is also good for business. Widespread use of zero-emission helping to make smart grids a reality and standardization of charging vehicles, which produce no CO2 emissions during operation, is an effective methods with other manufacturers. way of moving toward a sustainable society. The auto industry must go Increasing uptake of zero-emission vehicles will bring lifestyle changes that beyond simply producing and selling these vehicles to help establish the lay the groundwork for a new mobility society. We provide more than just EVs infrastructure necessary to make them economical to use. No company themselveswe, also embrace the new values that they represent. can achieve this on its own. We consider the introduction and adoption of zero-emission vehicles one of the pillars of our corporate strategy. We are Building a Zero-Emission Society with EVs taking a comprehensive approach that involves boosting production and sales of zero-emission vehicles along with other activities coordinated with a variety of partners to popularize their use. We are committed to becoming a leader in the field of zero-emission vehicles. Not only are we increasing our development and production of zero-emission vehicles, we are forging Battery secondary use numerous zero-emission partnerships with national and local governments, Zero-emission vehicle electric power companies and other industries to promote zero-emission engineering, manufacturing mobility and explore how the necessary infrastructure can be built. Construction of vehicle-charging Secondary use and recycling infrastructure of batteries NISSAN MOTOR CORPORATION SUSTAINABILITY REPORT 2021 060 Carbon Neutrality/ Chair of the Board of Nissan's Contribution Contents CEO Message CSO Message Sustainability at Nissan The Alliance Response to COVID-19 Directors Message to the SDGs Quick Guide For Environmental Social Governance ESG Data Editorial Policy TCFD Content Index GRI Content Index Investors Establishing Leadership in the EV Sector Nissan EV Ecosystem Our commitment to sustainable mobility addresses concerns over climate change and supports the sustainable growth of the company. Nissan EV Ecosystem Our 2010 launch of the first Nissan LEAF made us pioneers of mass- produced EVs. Since then, we have sold more than 690,000 EVs (including joint venture sales) around the world in total, and our transformation plan, NISSAN NEXT, calls for even more Nissan EVs, designed to appeal

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