Overall Net-Zero Target: Sumitomo Forestry Co., Ltd. commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Sumitomo Forestry Co., Ltd. commits to reduce absolute scope 1 and 2 GHG emissions 42.0% by 2030 from a 2021 base year.*(**) Sumitomo Forestry Co., Ltd. also commits to reduce scope 3 GHG emissions from purchased goods and services and use of sold products 51.6% per square meter of houses sold within the same timeframe.*(**) Sumitomo Forestry Co., Ltd. further commits to no deforestation across its primary deforestation-linked commodities, with a target date of December 31, 2025. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. **The targets only include energy and industrial emissions, the FLAG emissions have been excluded. The company will include these emissions in a FLAG target once a pathway for timber and wood fiber is available. Long-Term Targets: Sumitomo Forestry Co., Ltd. commits to reduce absolute scope 1 and 2 GHG emissions 90.0% by 2050 from a 2021 base year.*(**) Sumitomo Forestry Co., Ltd. also commits to reduce scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, and use of sold products 97.0% per square meter of houses sold within the same timeframe.*(**) *The target boundary includes land-related emissions and removals from bioenergy feedstocks. **The targets only include energy and industrial emissions, the FLAG emissions have been excluded. The company will include these emissions in a FLAG target once a pathway for timber and wood fiber is available.