Message from the President

The T&D Insurance Group has established a Long-term Vision: Try & Discover 2025 - In Pursuit of the Happiness of All Stakeholders. Under this vision, we aim to achieve our Group management vision to “sow happiness, make change with boldness,” and one of the key themes behind this effort is SDGs management and the creation of value.

From the sustainability fields related to the Group’s business activities, we identified issues that are highly important to society and strongly associated with our business activities. Working from these issues, we have identified four sustainability priority themes that should be a focus for the Group, and set non-financial KPIs aimed at creating shared value, in both economic and social terms. This forms the basis for the various measures the Group is pursuing.

Life insurance, a core business of the T&D Insurance Group, is by its nature sustainable and highly public based on a philosophy of mutual assistance, and it provides customers with safety and peace of mind over the long term. Solving the various risks faced by customers due to changes in society, such as a growing elderly population due to the declining birthrate and aging society, and SME operators having to prolong their careers, is both the mission of the Group and a growth opportunity. Through the development and provision of products and services that address social issues, such as extending people’s healthy lifespans and facilitating the succession of SMEs, we will help customers achieve healthy and fulfilling lives, contributing to the realization of a sustainable society.

At the T&D Insurance Group, we believe that the human resources who work with us are the most important driving force behind our business activities to realize our Group philosophy. To reflect this, we have established the Basic Group Policy on Human Resources. Moreover, based on our human resource development policy of cultivating self-directed human resources who think independently, take the initiative to act and deliver the expected results, we implement initiatives to enhance our pool of talent, such as cultivating leaders who will drive Group growth and championing the success of female employees.

To ensure that all employees can work with peace of mind, we will strive to improve the workplace environment by promoting diversity, implementing health and productivity management, and making it easier to balance private life and work responsibilities. At the same time, we will work to secure and cultivate human resources with high-level expertise, knowledge and skills and create opportunities for them to flourish, leading to the sustainable growth of the Group.

The T&D Insurance Group has set CO₂ emissions as one of the non-financial KPIs in its long-term vision, and implements various initiatives to achieve a decarbonized society.

Since life insurance is the core business of the Group, much of our direct CO₂ emissions stem from power consumption. For this reason, we have joined RE100, an international initiative aiming to procure all electricity used in business activities from renewable energy, and promote the use of power derived from renewable sources. As a result of these efforts, we achieved our FY2025 goal of reducing CO₂ emissions by 40% in FY2023, ahead of schedule. In response, we set the new target of reducing CO₂ emissions by 70% by FY2030, and brought forward our deadline for achieving net-zero emissions from 2050 to 2040. We will further accelerate our efforts to reduce CO₂ emissions to meet these targets.

To achieve economic development and a sustainable society as a responsible institutional investor, the T&D Insurance Group has set interim CO₂ reduction targets for FY2030 to be met by our investment and financing recipients, and are working to ensure these reductions. We encourage our investment and financing recipient companies to advance their decarbonization efforts through engagement, and support companies tackling climate change issues through financing projects aimed at investments and other uses.

To advance business activities that take natural capital and biodiversity into account, we have also conducted analyses of the impact and dependence on natural capital among our investment and financing recipients in accordance with the TNFD framework. By making effective use of these analysis results, we will take our engagement with these companies to the next level.

The T&D Insurance Group has stated its respect for human rights in the Group CSR Charter, and conducts human rights due diligence to identify, prevent and mitigate any negative impact on the human rights that the Group’s business activities may have. We have identified long working hours and harassment as key areas to verify in our due diligence efforts, and we will work to identify and correct human rights issues while advancing efforts to ensure that human rights are respected.

We believe that proactively tackling sustainability management and solving social issues through the Group’s business activities will help realize our vision of creating shared value and sowing happiness in the world.

We, the T&D Insurance Group, aim to grow sustainably alongside society, and we will continue to advance step by step toward this goal.

September 2024