Third-Party Evaluations

Inclusion in ESG Indices (As of September, 2023)

MSCI Japan ESG Select Leaders Index	MSCI Japan ESG Select Leaders Index is a global ESG stock index comprised of Japanese companies selected by MSCI from different sectors on the basis of excellent ESG performance. It is adopted by GPIF as a core ESG benchmark for its passive investments. Daiwa Securities Group Inc. has been selected for two consecutive years since 2022.
MSCI Japan Empowering Women Index (WIN)	Developed by MSCI, MSCI Japan Empowering Women Index selects Japanese companies that promote and maintain gender diversity among the workforce. It is adopted by GPIF as a core ESG benchmark for its passive investments. Daiwa Securities Group Inc. has been selected for seven consecutive years since 2017.
MSCI ESG Leaders Indexes	The constituents of the world-class indexes are companies selected from various industries by MSCI as those excellent in ESG.
FTSE Blossom Japan Index Series	FTSE Blossom Japan Index is a socially responsible investment index developed by FTSE. It is comprised of Japanese enterprises that demonstrate strong ESG practices. It is adopted by Japan's Government Pension Investment Fund (GPIF) as a core ESG benchmark for its passive investments. Daiwa Securities Group Inc. has been included for seven consecutive years since 2017. Daiwa Securities Group Inc. has also been included in FTSE Blossom Japan Sector Relative Index, which has been newly added to GPIF's ESG benchmarks for its passive investments.
FTSE4Good Index	FTSE4Good Index is a socially responsible investment index developed by FTSE, a subsidiary of the London Stock Exchange. Daiwa Securities Group Inc. has been included for 18 consecutive years since 2006.
S&P/JPX Carbon Efficient Index	This index was developed by S&P Dow Jones Indices LLC and is composed of companies that are evaluated to be excellent in terms of the disclosure of environmental information and carbon efficiency (carbon emissions per unit of sales) among the companies that constitute the Tokyo Stock Price Index (TOPIX). It is adopted by the Government Pension Investment Fund (GPIF) as a core ESG benchmark for its passive investments, and Daiwa Securities Group Inc. has been included in the Index for five consecutive years since 2018, when the Index was launched.
Morningstar Japan ex-REIT Gender Diversity Tilt Index (GenDi J)	This index was developed by Morningstar by using the gender equality scores provided by Equileap and is composed of companies excellent in terms of gender diversity. It was newly adopted by the Government Pension Investment Fund (GPIF) as a core ESG benchmark for its passive investments.
Dow Jones Sustainability Indices	Dow Jones Sustainability Indices are sustainability equity indices selected by S&P Global. Daiwa Securities Group Inc. has been included in DJSI World Index and/or DJSI Asia Pacific Index since it launched in 1999. In 2023, we were selected as a component of DJSI Asia Pacific Index.
Bloomberg Gender-Equality Index	Bloomberg Gender-Equality Index is an index that consists of companies that actively disclose their efforts towards gender equality through policy development, disclosure, and transparency.

*THE INCLUSION OF Daiwa Securities Group Inc. IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF Daiwa Securities Group Inc. BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES.

*Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, "Morningstar") has authorized Daiwa Securities Group Inc. to use of the Morningstar Japan ex-REIT Gender Diversity Tilt Logo ("Logo") to reflect the fact that, for the designated ranking year, Daiwa Securities Group Inc. ranks in the top quintile of companies comprising the Morningstar® Japan ex-REIT Gender Diversity Tilt Index^SM ("Index") on the issue of gender diversity in the workplace. Morningstar is making the Logo available for use by Daiwa Securities Group Inc. solely for informational purposes. Daiwa Securities Group Inc. use of the Logo should not be construed as an endorsement by Morningstar of Daiwa Securities Group Inc. or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with Daiwa Securities Group Inc. The Index is designed to reflect gender diversity in the workplace in Japan, but Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included in it. Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included in it or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third party content providers have any liability for any damages (whether direct or indirect), arising from any party's use or reliance on the Index or the Logo, even if Morningstar is notified of the possibility of such damages. The Morningstar name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results.

ESG Ratings (As of December, 2022)

MSCI ESG Ratings	MSCI ESG Ratings assess companies' resilience to ESG risks. Daiwa Securities Group Inc. received the highest rating "AAA" for the first time (seven levels from AAA to CCC).
CDP	CDP is an international non-profit organization that requests　world’s companies to disclose information on climate change and evaluate their performance. In 2022, Daiwa Securities Group Inc. has been named to CDP’s highest rating “A List”, recognizing the company as a global leader on climate change initiatives for the first time (eight levels from A to D-).

*THE USE BY Daiwa Securities Group Inc. OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF Daiwa Securities Group Inc. BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.

Awards and Recognition (As of April, 2023)

CDP 2022 Supplier Engagement Leader	Daiwa Securities Group was recognized as a 2021 Supplier Engagement Leader, the highest rating in the Supplier Engagement Rating by CDP. The Supplier Engagement Rating is designed to evaluate companies' supply chain engagement practices on climate issues.
Environmentally Sustainable Company in the Environmentally Sustainable Company Category of the 4th ESG Finance Awards Japan	ESG Finance Awards Japan, sponsored by the Ministry of the Environment, recognizes financial institutions, companies, and other organizations that have made an impact by actively engaging in ESG finance, or environmental / social projects. Daiwa Securities Group Inc. was selected for the second year in a row as an Environmentally Sustainable Company that meets certain criteria for disclosure of material environmental issues, based on evaluation criteria such as risks, business opportunities, strategies, KPIs, and governance.
Governor's Special Prize for Green Finance in the ESG Investment Category of Tokyo Financial Award 2021	Tokyo Financial Award, sponsored by the Tokyo Metropolitan Government, recognizes financial companies that develop and provide innovative financial products and services that meet the needs of citizens in Tokyo and contribute to solving issues, or that work to spread ESG investment. Daiwa Asset Management's efforts toward the spread of new investment aimed at carbon neutrality through its CANDRIAM Decarbonization Technology Fund (nickname: Carbon ZERO) received an award in the ESG investment category. Daiwa Asset Management also won the Governor's Special Prize for Green Finance as an excellent company from the perspective of green finance.
“Weekly Toyo Keizai” SDG Corporate Ranking ranked 3rd	Daiwa Securities Group Inc. was ranked 3rd in the overall ranking in the SDG rankings of 500 companies announced in Weekly Toyo Keizai (July 30 issue) based on the evaluations of human resource usage, environmental activities, social contributions, and corporate governance.
Nadeshiko Brand	Daiwa Securities Group Inc. has been selected as a Nadeshiko Brand for eight consecutive years from 2015 to 2022. The Nadeshiko Brand is an initiative jointly organized by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange to recognize listed companies that excel in promoting women's advancement. We established a broad regional career-track system that allows employees to be relocated within a certain area. In addition, ANSWERS, an internal online channel through which employees share their difficulties and get support, was also introduced. By supporting career advancement and offering a wide range of career options for female employees, we are working to build a workplace where all employees can continue to work energetically. Nadeshiko Brand (Ministry of Economy, Trade and Industry website)
Certified Health & Productivity Management Outstanding Organizations（White 500）	The Ministry of Economy, Trade and Industry chooses outstanding enterprises engaging in advanced health and productivity management as White 500 companies. Daiwa Securities Group Inc. has been certified for seven consecutive years since 2017. Certified Health & Productivity Management Outstanding Organizations (Ministry of Economy, Trade and Industry website)
Noteworthy DX Companies	In May 2023, Daiwa Securities Group Inc. was selected as one of the “Noteworthy DX Companies 2023” as part of the DX Stock Selection program operated jointly by the Ministry of Economy, Trade and Industry, the Tokyo Stock Exchange and the Information technology Promotion Agency (IPA). The “DX Stocks" selects companies listed on the Tokyo Stock Exchange that have established an internal system to promote DX that leads to improving corporate value, and have demonstrated excellent digital utilization. In the collaboration with partners, Daiwa Securities Group has platformized its system and enabled access from partners through APIs, achieving paperless processing of administrative work that had been previously required in partnerships. The Group's use of blockchain technology to securitize assets and offer alternative products such as real estate to individual customers was also recognized. DX Stocks 2023 (Ministry of Economy, Trade and Industry website) ⟨Japanese only⟩
Family-Friendly Employer Certification Logo (Known as “Kurumin” and “Platinum Kurumin”)	Kurumin is a certification logo provided by the Ministry of Health, Labour and Welfare under the Act on Advancement of Measures to Support Raising Next-Generation Children. Daiwa Securities Group Inc. has been certified since June 9, 2008. Daiwa Securities, Daiwa Asset Management, Daiwa Institute of Research, and Daiwa Securities Business Center have also been certified. Moreover, Daiwa Securities, Daiwa Securities Business Center, and Daiwa Institute of Research received Platinum Kurumin. It was given to especially excellent companies that implement higher level of parenting supports. Kurumin and Platinum Kurumin (Ministry of Health, Labour and Welfare website)
Logo for Promoting Work Environment for Balancing Work and Long-Term Care (Known as “Tomonin”)	Daiwa Securities Group has obtained Tomonin from the Ministry of Health, Labour and Welfare for our efforts in establishing a work environment where employees can pursue their careers while balancing work and nursing care. Tomonin (Ministry of Health, Labour and Welfare website) ⟨Japanese only⟩
Analyst Rankings of "Nikkei Veritas" and "Institutional Investor"	“Nikkei Veritas” Analyst Ranking Nikkei Veritas Analyst Ranking is one of Japan’s most recognized rankings with a history of over 30 years. It is determined based on the votes of institutional investors in Japan. In 2023, Daiwa Securities earned 1st in the Nikkei Veritas Analyst Ranking by company for the fifth year in a row. “Institutional Investor” All-Japan Research Team Survey Institutional Investor All-Japan Research Team Survey is one of the world's most well-known surveys. It is determined based on the votes of primarily foreign institutional investors. In 2023, Daiwa Securities earned 1st in Institutional Investor All-Japan Research Team Survey for the fourth year in a row. Click here for details
GRESB Real Estate Assessment	Daiwa Office Investment Corporation and Daiwa Securities Living Investment Corporation continuously participate in the GRESB Real Estate Assessment, a global ESG assessment of real estate companies and funds. In the 2022 Assessment, each investment corporation obtained a "Green Star" rating recognizing outstanding achievement in both the Management Component, which evaluates policies, organizational systems, etc. for promoting ESG, and the Performance Component, which evaluates environmental performance, initiatives with tenants, etc., at buildings in the portfolio. Daiwa Office Investment Corporation Daiwa Office Investment Corporation earned the top rating of "5 Stars" in the GRESB Rating for the first time, which assigns a rating out of five stars based on where the participant's overall score ranks globally. Moreover, in the GRESB Public Disclosure Assessment, which measures the comprehensiveness of ESG information disclosure, the company received the top rating of "A" on the five-tiered evaluation scale for the second year in a row. Daiwa Securities Living Investment Corporation Daiwa Securities Living Investment Corporation received a rating of "2 Stars" in the GRESB Real Estate, as well as a rating of "A" in the GRESB Public Disclosure Assessment for the first time for the investment corporation. Daiwa Office Investment Corporation "Participation in External Assessments" Daiwa Securities Living Investment Corporation "Acquisition of External Assessments/Certifications"
HDI-Japan's 2022 HDI Rating Benchmarks (Securities Industry)	Received the highest Three Star rating in both the "Customer Service" and "Support Portal" categories of HDI-Japan's Rating Benchmark 2022 (Securities Industry).

ISO Certification (As of May, 2023)

ISO14001	Daiwa Institute of Research has received ISO 14001 certification, an international standard for environmental management systems. Through its business activities, the firm endeavors to realize a harmonious relationship with the global environment, and actively works to reduce the environmental load. Business site: Daiwa Eitai Building Office Scope: All business activities involved in system consulting and system integration by Daiwa Institute of Research
ISO/IEC20000	Daiwa Institute of Research (Systems Management Division) has received ISO 20000 certification, an international standard for IT service management systems. To provide customers with a high-quality IT service in a stable manner, the firm engages in enhancement of IT services quality, cost management, business optimization, and continual improvements.
ISO/IEC27001	Daiwa Institute of Research (Systems Management Division) has received ISO 27001 certification, an international standard for information security management systems. To maintain and manage the confidentiality, integrity, and availability of its information assets, the firm is working on improvement of the information security.
ISO/IEC27017	Daiwa Institute of Research (Systems Management Division) has received ISO 27017 certification, an international standard for information security in relation to cloud services. As an add-on certification to ISO 27001, ISO 27017 deals with information security specific to cloud services.
ISO9001	Daiwa Institute of Research (Enterprise System Department (1)) has received ISO 9001 certification, an international standard for quality management systems. (Scope: Design and development of application software based on customer requirements)