IPF supported the acquisition of a 400 MW operational utility-scale solar portfolio by Enfinity Global. The company is a leading renewable energy operator and this acquisition marked a significant milestone in its expansion in the US, following growth in Japan and Europe. IPF underwrote the nearly US$300 million facility and distributed it to a variety of lenders such as Commonwealth Bank of Australia, Fifth Third Bank and Bayerische Landesbank. This transaction expanded upon a strong relationship initially established in Japan as Enfinity Global has continued to grow as a key global developer.

Nomura was a lead sponsor of the International Capital Market Association's (ICMA) Annual Conference of the Principles held in Singapore in June 2023. The Ministry of Economy, Trade and Industry gave a keynote speech on GX economic transition bonds (Climate Transition Bonds) and played a role in enhancing Japan's presence in sustainable finance.

We participate in the GX League established in February 2022 by the Ministry of Economy, Trade and Industry. We have served as the chair for a GX Business Working Group, one of the key initiatives of the GX League, since the September 2022 establishment. The group has discussed how emission reduction contribution, which represents the reduction impact on emissions of greenhouse gases from products and services provided by companies to the market, can be linked to the improvement in corporate value. In March 2023, the group published the results of its discussion in "Basic Guidelines for Disclosure and Evaluation of Climate-related Opportunities." Also, in order to encourage operating companies to disclose avoided emissions and financial institutions to use such information for corporate evaluation, it formulated "Leveraging Avoided Emissions: Financial Institution Case Studies" in December 2023 and "Hypothetical Cases for Avoided Emissions Disclosure" in May 2024. In addition, at the U.N. COP28 climate conference held in Dubai in December 2023, our employee took the podium on behalf of the working group in a session on avoided emissions held in the Japan Pavilion, contributing to the international dissemination of avoided emissions by introducing the working group's efforts to date.

Nomura Group supports efforts of impact startups that seek to resolve social issues and achieve sustainable growth of companies. In February 2023, we joined the Impact Startup Association (ISA), which was established with the aim of building an ecosystem of impact startups and helping make our society sustainable, as a platinum endorsing member. In March 2024, Impact Camp2024, an event jointly organized by Nomura Securities and ISA, was held at our Takanawa training center. This event was designed to help impact startups connect with each other and learn from each other. About 100 CxO-level officers from ISA member companies and about 20 individuals from Nomura Securities participated in it. In the sessions on equity stories and IPO themes that Nomura Securities provided, discussions were very heated, making them a valuable opportunity to directly experience the enthusiasm of people involved in impact startups. In addition, we support efforts of impact startups mainly from a financial perspective by, for example, supporting their funding using J-Ships, a new financing scheme that issues and distributes shares of unlisted companies to professional investors.