Sumitomo Forestry has been included in this index every year since 2017, when the index was selected by the Government Pension Investment Fund (GPIF) of Japan. *2 A classification-based, comprehensive ESG index formulated in 2022 that evaluates companies from three perspectives - FT Russell's ESG evaluation, carbon intensity (volume of greenhouse gas emissions per unit of revenues), and management stance regarding climate change risks and opportunities. *3 An ESG index for Japanese stocks developed by the US company MSCI Inc. Using as a parent index the MSCI Japan IMI Top 700 Index, which selects the top 700 stocks by market capitalization, this index evaluates companies that excel in ESG initiatives by sector. Sumitomo Forestry has been included in this index every year since 2017, when the index was selected by GPIF. *4 A stock index for Japanese stocks developed by the US company MSCI Inc.