INTRODUCTION

NAGASE GROUP
June 2023

Copyright all right reserved for Nagase Vietnam

INTRODUCTION OF NAGASE GROUP
1. What’s NAGASE

2. Company Profile

3. 5 Segments

4. Global Network

5. Nagase Vietnam

2
01 What’s NAGASE?

NAGASE & CO., LTD is a chemical trading company.

Number of Number of
Consolidated

32
bases employees
sales

912.8 7,113
114
Countries/Areas

Billion Yen

Companies

The NAGASE Group began as a specialized sales agent securing exclusive contracts to sell industry-leading
products from around the world in Japan. This enabled us to acquire leading-edge technology and
information gathering expertise as well as our global network to transform our business into a hybrid
model offering superior manufacturing, processing, and R&D functions as well as trading company services.
We continue tackling new challenges as we look ahead toward 2032 - tour 200th anniversary and beyond.

3
No.5 Biggest Chemical distributor in the world and No.1 in Asia

4
02 Corporate Profile
Company Name NAGASE & CO., LTD.

Founded June 18, 1832

Established December 9, 1917 Osaka Head Office

Paid-in Capital ¥9.6 billion yen

Consolidated sales 912.8 billion yen

Profit attributable to 33.3 billion yen

owners of the parent

Number of employees Consolidated 7,113 Parent: 892

Tokyo Head Office

Group companies 114 Companies (33 in Japan, 81 overseas)

Import/export and domestic sales of chemicals,

Main Business plastics, electronics materials, cosmetics and health
foods

(as of Mar 2023)

Representative Director,
President and CEO
Hiroyuki Ueshima Nagoya Branch Office

5
03 5 Segments

01 02 Advanced
03 04 05
Functional Electronics & Mobility Life &
Materials &
Materials Energy Healthcare
Processing

Colors & Electronics Dept.

Performance
Advanced Processing
Chemicals Dept.
Dept.
Speciality Polymer Global
Chemicals Dept. Account Dept.
Main Group Company Main Group Company
■Nagase Chemspec Co., Ltd. ■FUKUI YAMADA CHEMICAL CO., LTD.
■NAGASE FILTER CO., LTD. ■Sofix LLC
■TOTAKU INDUSTRIES, INC.
■Kotobuki Kasei Corp.
■SETSUNANKASEI CO., LTD.
Consolidated sales rate
I&C・Energy Office
Functional Resin Dept.
Precision Process
Materials Dept.
Main Group Company
■Nagase ChemteX Corporation
■Engineered Materials Systems Inc.
■Pac Tech – Packaging Technologies
■Nagase Elex Co., Ltd.
Mobility
Solutions Dept.
Main Group Company
■Sanko Gosei Technology
(Thailand) Ltd.
■Automotive Mold Technology Co.,
Ltd.
■KN Platech America Corporation
■MINDA KYORAKU LTD.
Life &
Healthcare Dept.
Food
Ingredients Dept.
Main Group Company
■Hayashibara Co., Ltd
■Nagase Medicals Co., Ltd
■Nagase Sanbio Co., Ltd

12 29 15 14 30
（as of March 31, 2023）

% % % % %

Functional Processing Mobility Life

Materials Electronics Energy
Materials Related

6 6
04 Global Network
<Europe: Sales Companies and Branches in Europe>
Germany (Duesseldorf) <Sales companies and branches in East Asia>
United Kingdom (London) Korea (Seoul)
France (Lyon) China (Changchun, Dalian, Tianjin, Qingdao,
Hungary (Budapest) Shanghai, Suzhou, Ningbo, Nanjing,
Finland (Espoo) Wuhan, Chongqing, Chengdu, Zhengzhou
Guangzhou, Shenzhen, Dongguan, Xiamen)
Hongkong <Sales companies and branches
Taiwan (Taipei) in the Americas>
North America (Michigan, New
York, Chicago, California）
Mexico (Leon, Mexico City)
Brazil (Sao Paulo)
<Japanese manufacturing
and processing companies>
Nagase ChemteX
Hayashibara
Totaku Industry
Nagase Techno Engineering
Fukuiyamada Chemical Industry
Nagase Filter
Captex

<Sales companies and branches in the

Middle East, ASEAN and Oceania>
Singapore
Malaysia (KL, Johor Bahru, Penang)

30 16
Thailand (Bangkok, Sriracha)
＜Manufacturing companies in
Vietnam (Hanoi, Ho Chi Minh City, Da Nang)
ASEAN＞
Philippines (Makati, Laguna)
Malaysia (Pac Tech)
Indonesia (Jakarta, Surabaya)
Thailand (AMT, Nafuko)
Myanmar (Yangon)
Vietnam (DCV, TSMV, FKV) Countries/Areas Countries/Areas

64 50
Indonesia (TQ1, IMT)
India (Mumbai, Gurgaon, Chennai)
India (MINDA)
Bangladesh (Dhaka)
Pakistan (Karachi)

United Arab Emirates (Dubai) Companies Companies

Turkey (Izmir)
Australia (Victoria, Parramatta)
Sales/Service Manufacturing/Processing
Companies Companies
7
Nagase is the only one distributor which commits Scope 3

ECOVADIS SILVER 2023

8
NAGASE VIETNAM CO., LTD.

1. What’s Nagase Vietnam

Sep 1998 NAGASE Singapore HCMC representative office
2. Company Profile
3. Organization Chart May 2002 NAGASE Hanoi Representative Office
4. Warehouses in Hanoi area Sep 2008 NAGASE VIETNAM established
5. Warehouses in HCM area
Transferred from Hanoi Office
6. Warehouses in Danang area
7. NAGASE Group Joint Venture in Vietnam Jan 2012 Transferred from HCM Office

Apr 2018 Danang office established

May 2019 Textile laboratory established in Hanoi

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01 What’s Nagase Vietnam
HISTORY SALES OFFICE PEOPLE
>25years ≒ 300MUSD 3 offices ≒101 People
Group Sales
4 Nationalities
- HCMC 1998 - Hanoi (N)
- Hanoi 2002 - HCMC (S)
4Y CAGR ≒ 20% - Da Nang (M) - Vietnam(87)
Nagase Vietnam Resin Sales > 70Kt - Korea(1)
Established 2008 - Taiwan(1)
- Japan(12)

PARTNERS PRODUCTION TECHNICAL LOGISTICS

3 JV companies TEXTILE Lab 11 Warehouses
Business
Partners
in Hanoi
>650 Dainichi Color VN
Fukuvi VN
Set up in 2019
6 in North
2 in Middle
TS Molymer VN 3 in South

Bonded/General
H/non-H/Food

10
02 Company Profile
Company NAGASE VIETNAM CO.,LTD.
name
Established 2008 (as a representative office, 2002)
Ha Noi
Representative Masuo Higuchi

Office Hanoi (Head Office) HCM Danang

Hanoi Head Office

Address Unit 12.03, CornerStone Building,

No16 Phan Chu Trinh Str.,
Hoan Kiem Dist., Hanoi, Vietnam

Paid-in capital US$ 3,000,000 Da Nang

Number of Hanoi 70 / HCM 29 / Danang 2 Total 101

employees (Japanese：12 Korean：1 Taiwanese：1）
Danang Office

Sales Group Sales Approx. ￥30 billion

Main business Import/export and domestic sales

of chemicals, plastics, electronics
materials, cosmetics and health foods HCMC
Group Hanoi：Dainichi Color Vietnam
Companies HCMC：TS Molymer Vietnam Fukuvi Vietnam
HCM Office

11
The Decarbonization Trend
and
The Carbon Accounting Market

Zeroboard Inc.
Michitaka TOKEIJI
Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
Myself

Michitaka TOKEIJI
Founder and CEO of Zeroboard Inc.

2006 JP Morgan Securities Co., Ltd.

2009 Mitsui & Co.
2018 A.L.I. Technologies Inc.
2021 MBO of the “zeroboard” business,
launched operations as Zeroboard Inc.

Graduated from the Faculty of Engineering, University of Tokyo

Certified Member Analyst of the Securities Analysts Association of Japan (CMA)
U.S. Chartered Financial Analyst (CFA)
Outline of Zeroboard Inc.

Name: Zeroboard Inc.

Office: HQ: Mita, Minato-ku, Tokyo Japan
Subsidiary: Bangkok, Thailand

Main Business: A carbon accounting cloud service

“Zeroboard”

Number 163 as of June-1

of Employees:

Investors: DNX Ventures, Keyrock Capital

Management,
Inclusion Japan, JAFCO, DBJ Capital,
Coral Capital, and others.
GHG emissions calculation and visualization cloud service “Zeroboard”
Certified

✓ Validity guaranteed based on ISO14064-3

compliant verification procedure

User friendly
✓ The most globally advanced sustainability
platform
✓ Used by more than 2,400 companies

Network effects
✓ Has a function that links data with the supply
chain and financial institutions, builds a
highly effective network ecosystem
Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
Business background

Increased disclosure pressure from financial markets

The disclosure of climate-related financial information, including greenhouse
gas emissions, has become standard.

Carbon neutrality goal of each country

Many countries pledged to reach carbon neutrality by mid-21st century.
Carbon pricing will be introduced in each country. Vietnam is targeting
carbon emission neutrality by 2050.

Consumer trends: Selecting brands that are environmentally friendly

Consumers of the future such as Millennials and Generation Z are becoming
increasingly environmentally conscious.
 Disclosure frameworks are becoming more uniform

In November 2021, the IFRS Foundation set up the International Sustainability

Standards Board (ISSB) and now it plans to release disclosure rules by end of 2023.

IFRS Accounting Standards

June 2021
IIRC
International Integrated
Reporting Council VRF August 2022

SASB Value Reporting Foundation

ISSB Sustainability Disclosure Standards
U.S. Sustainability Accounting
Standards Board International Sustainability
Standards Board IFRS S1 IFRS S2
CDSB
General Requirements for Climate-related
Disclosure of Sustainability- Disclosures
Discussions
commence related Financial
GRI Information Enhanced disclosure
framework

TCFD
Source: IFRS Advisory Council Update International Sustainability Standards Board
Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
Supply chain emissions in GHG protocol
Reporting
Upstream Downstream
Company
Scope 3 Scope 1 Scope 3

Direct emissions

(1) Raw (2) Capital (3) Energy (9) Shipping (10) Processing (11) Use
Fuel
materials goods related combustion

Scope 2
(4) Logistics (5) Waste (6) Travel (12) Disposal (13) Lease (14) Franchise
Indirect emissions

Use of
(7) Commuting (8) Lease (15) Investment
Electricity,
heat, steam
Supply chain emissions using primary data
Tier 2 Tier 1 End Product Manufacturer Scope3 (secondary data)

Raw Materials x Company A a Amount of a x an average emission factor of a

AS IS

Raw materials y
Company B b Amount of b x an average emission factor of b
Raw materials z
Company C c Amount of c x an average emission factor of c
Raw materials s
Use of average value on
Supplier’s GHG reduction Scope 3 Cannot databases published by the
efforts are not reflected to Scope3 be reduced Government

Tier 2 Tier 1 End Product Manufacturer Scope3 (primary data)

Raw Materials x Company A a Amount of a x Specific Emission Factor by Company A

TO BE

Raw materials y
Company B b Amount of b x Specific Emission Factor by company B
Raw materials z
Company C c Amount of c x Specific Emission Factor by company C
Raw materials s
Supplier’s GHG Reduction Scope 3 Use of emission factor
efforts are appropriately reflected can be reduced
(primary data) received
from suppliers
to Scope3
Financed emissions

PCAF “The Partnership for Carbon Accounting Financials”

Initiative to establish financial institutions’ evaluation method of Scope 3 Category 15: Financial Emissions

2020: Financial emission calculation standards for financial institutions

announced

Chart source: https://carbonaccountingfinancials.com

Financed emissions

PCAF “The Partnership for Carbon Accounting Financials”

Asset valuation method

<Classifications of applicable assets>

Listed stocks / Loans / unlisted Project finance Commercial real Real estate loans Automobile loans
corporate bonds stocks estate

<Financed Emissions calculation method>

Investment and
lending amount I
Financed Emissions Σ Emissions of assets i
＝ i X
Total amount of
fundraising
Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
The effective network that Zeroboard provides

Zero carbon city Financed Emission

Local Financial
• CO2 emissions governments institutions
• CO2 emissions
visualization in the
visualization of
region
investment and
• Policies in line with Subsidy Favorable lending
regional financing • KPI management
decarbonization conditions
User for green loans
road map

Supply chain Consumer/

Supplier
Buyer
• In addition to QCD,
GHG emission is now
considered as
procurement.
Reporting system for the government

Japan's Prefectural governments have enacted ordinances requiring corporates to report GHG emissions.
Zeroboard is providing a GHG reporting system for the Hokkaido Government.
Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
Formation of an Ecosystem Related
Ministries / Laws Decarbonization
Local Government Office
Solution Provider

Electricity / Gas
Retailing
Business Tool
Solution
Consulting Firm
CO2 data
CO2 data
Subsidy

Insurance
Risk mitigation
Financial Institution
Preferential loan
conditions
Data sharing unique to cloud services
CO2 data
zeroboard users Enabling strategic decarbonized management

Bank Rating Agency CO2 data Product Carbon Footprint (CFP)

Supplier Supply chain Visualization Buyer / Consumer

Trading Company etc.

Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
Partner strategy Zeroboard has partnered with over 110 organizations.

Financial

Utility

Trading

Others

Local Govt.
Builds a De-facto Platform for Manufacturers

In September 2022, Zeroboard started

expanding its business in Southeast Asia with 4
trading companies and 1 financial institution.

⚫ Multiple Languages: Japanese, English, Thai,

Chinese, Spanish
⚫ Support emission factors of major countries.
Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
Why Cloud Service

• Obtaining data from suppliers is essential for the Scope 3 management

• MS Excel doesn’t talk with other Excels.

• Secure resources for Scope 3 calculation support

• Maximizing the use of AI is critical.

• The software needs to be constantly upgraded to follow the ever-

changing rules.
Myself
Global Trend
Supply chain emission
Data interaction
Ecosystem
Partnership Strategy
Why cloud service
Future
Corporate Philosophy

Transforming Climate Change into Social Possibilities

 Thank you!

Zeroboard Inc.
5-27, Mita 3-chome, Minato-ku, Tokyo 10th Floor, Sumitomo
Fudosan Mita Twin Building West
E-mail：customer@Zeroboard.jp
Nagase’s use case
1. Nagase Sustainability Promotion office

2. Use Case of Nagase

39
 Nagase Sustainability Promotion Office
Create new businesses and improve external evaluation
climate change
● developing its own services for
decarbonization through a business
partnership with Zeroboard
● CFP Consulting services
biodiversity
● Yusuhara, Kochi Prefecture, Signs Agreement and
Begins "Forest Credit Generation" Demonstration
Project
● Endorsement of the TNFD Forum
circular economy
● Establishment of Materials Consortium with Kyoto
University. What chemicals should survive with
decarbonization?
● Participated in Waseda University's consortium for
carbon neutrality in the chemical industry.
● Collaborated with J&T Environment to create a
resource recycling business model
External Evaluation
● Working to improve globally recognized ESG ratings
such as MSCI, FTSE, and CDP
● Actively endorses international initiatives such as
TCFD, as well as domestic initiatives such as the GX
League
40
Use Case : Sports brand in Japan

grasp of the situation goal setting Action

in-house

・Set sustainability team and start

Calculation of GHG emissions Set the carbon
Scope 1, 2, 3 to collaborate with Purchasing
neutrality targets!
department

outside

・Visit theTier 1 supplier in Asia to ask

Consider to join to calculate “ Carbon foot-print “ on
International External Organization each product.
TCFD, CDP, etc.
・NAGASE introduces CO2 reduction
product, services and new process.

Increase in corporate value (non-financial) Competitive Advantage

Thank you