Message from the President

The social environment that surrounds us is changing daily. Various social issues such as the deepening crisis of climate change, resource depletion and widening social inequities have manifested worldwide, forcing those in more socially vulnerable positions into harsher living conditions. The T&D Insurance Group, whose core business of life insurance is highly public in nature, has strengthened its conviction that as a member of society, it must pursue sustainability management in order to create a sustainable world that is resilient against myriad risks. We have also seen the establishment of international disclosure standards and other frameworks requiring companies to make comprehensive disclosures regarding financial and non-financial information, making enhanced transparency and strengthened accountability essential for operations. The Group takes these social requirements and systemic changes seriously. It is committed to placing sustainability at the core of its management efforts while promoting responsible conduct in the aspects of the environment, society and governance, while working to build a deeper relationship of trust with stakeholders.

The T&D Insurance Group has established a Group Long-term Vision: Try & Discover 2025 - In Pursuit of the Happiness of All Stakeholders, outlining its ideal outcome for the medium- to long-term, and the strategic policies it will implement to get there. Under the vision, the Group is tackling five priority issues to realize its management vision to “sow happiness, make change with boldness.” One of those issues is SDGs management and the creation of value. To achieve this, we have set non-financial KPIs to quantify the creation of social value, and are pursuing efforts to create shared value in both economic and social terms. The Group provides a wide range of coverage and services that are of benefit to customers, mainly focusing on seniors among individual customers, and SMEs among corporate customers. At Taiyo Life, we have helped shape a society in which people enjoy healthy longevity with the development of a preventative insurance series that includes Himawari Dementia Prevention Insurance. At Daido Life, we have worked alongside SMEs supporting Japanese society by providing a range of coverage and services that help solve the myriad management issues they face, assisting with health and productivity management in addition to protecting companies and the people who work there with insurance. Our other Group companies have fully demonstrated their unique qualities and expert capabilities in their respective specialized markets, and through these businesses we have grown as a Group by creating social value and economic value concurrently.

From fiscal 2026, we will embark on the Group’s next Long-term Vision. With the global outlook becoming increasingly uncertain, we recognize the need to identify social issues from a more long-term perspective and clarify our future vision. By grasping changing population structures, shifting lifestyles and megatrends such as the shift to digital technologies, and then developing businesses that leverage the unique characteristics and strengths of the Group, we will strive to become a Group that achieves sustainable growth while contributing solutions to social challenges.

Practicing human capital management is essential to achieving the aforementioned sustainable growth for the Group. The Group is currently working to enhance human capital under one of its key sustainability priority themes: provide workplace environments that enable diverse human resources to participate actively. 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 promote a range of initiatives, such as cultivating leaders who will drive Group growth, offering educational opportunities for development, and championing the success of female employees. We will drive ongoing, multi-faceted initiatives to develop the workplace environment, including diversity promotion initiatives, implementing health and productivity management and enhancing work-life balance, so that all employees, regardless of gender, can work with peace of mind and vitality. Under the Group’s next Long-term Vision, we will continue to implement these initiatives while pursuing unified Group management at an even higher level. By considering the joint use of systems, standardization of administrative tasks and the Group-wide management of human capital to make full use of the Group’s management resources, we will pursue revenue and cost synergies while ensuring swift and optimal human resources activities that align with business strategies, in an effort to ensure sustainable growth.

It has become increasingly important for companies to demonstrate respect for human rights, as evidenced by accelerating moves to legally mandate human rights due diligence, particularly in European countries. As part of its efforts to respect human rights, the Group has established the T&D Insurance Group Human Rights Policy, and engages in human rights due diligence activities on a yearly basis. In particular, to maintain and enhance workplace environments in which employees can fully demonstrate their capabilities, we have identified long working hours and harassment as key areas to verify in our due diligence efforts, and we are working to identify and correct human rights issues.

The sustainability of both the global environment and society is a prerequisite for the sustained growth of a company. However, the effects of climate change have manifested worldwide, and in 2023 and 2024, the highest-ever average temperatures since observations began were recorded in consecutive years. Abnormal weather patterns are increasing in frequency and severity, leading to increasingly serious damage due to heat waves, torrential rains and drought. Stepping up efforts to alleviate climate change toward the 1.5°C target is a pressing issue for the international community. The Group believes it has a significant role to play as a responsible institutional investor toward achieving economic development while shaping a sustainable society. To not only reduce our own CO₂ emissions but also work to reduce those of investees and borrowers, we encourage them to advance their decarbonization efforts through engagement, and support companies tackling climate change issues through financing projects aimed at investment and other uses.

To help solve population decline and other issues faced by local communities from a social perspective, we also invest in social bonds used for infrastructure development projects such as roads, which are carried out by independent administrative institutions, as well as projects aimed at regional revitalization and community development.

In these ways, we are committed to advancing the sustainable growth of society through efforts to address social challenges, through investment and financing conscious of the environment, society and corporate governance, and constructive engagement with investees and borrowers on ESG issues and other matters.

We believe that tackling sustainability management and solving social issues will help realize our vision of creating shared value and sowing happiness in the world. The T&D Insurance Group aspires to be an insurance group that grows sustainably alongside society, and will continue to advance step by step toward this goal.

September 2025