The T&D Insurance Group has established the Group Sustainability Promotion Committee, chaired by the president of T&D Holdings and consisting mainly of officers in charge of sustainability/CSR at each Group company. Under this Committee, we are pushing ahead with unified Groupwide sustainability/CSR activities.
The Group Sustainability Promotion Committee serves as the cornerstone for promoting sustainability. It formulates basic policies for the Group’s sustainability promotion activities and selects priority areas, along with drawing up annual plans and regularly confirming the implementation status of those plans. Since fiscal 2019, we have set four sustainability priority themes under which we are working to promote sustainability.
Priority Theme 1: Promote Healthy and Abundant Lives for People
Initiative results and plans
| Policy |
To contribute to the sustainable growth of society and to the solution of social issues through the insurance business by offering high-quality, optimal products and services that meet customer needs
|
| Initiatives for FY2023 |
- Launched Preventive Insurance Series to support initiatives aimed at customer prevention through insurance
- Enhanced online insurance product lineup including Sma-Hoken and Remote Application
- Provided Kaisha Minnade KENCO+, a new full range of health-promotion type protection for promoting SME health and productivity management
- Provided Hybrid Tsumitate Life, asset formation insurance on a new axis that is closely attuned to the diversifying needs of the era of the 100-year life
- Deploying the Taiyo’s GENKI Project to encourage good health
- Launched the Dodai? web community for working on resolving social issues in collaboration with SMEs
- Bolstered product lineups to respond to diversifying customer needs, etc.
|
| Plans for FY2024 |
- Continue to provide products and services that meet the needs of society
- Offer insurance products which even customers concerned about their health status can apply for
- Offer insurance products which meet the asset management and asset administration needs of the 100-year-life era
- Expand lineup of products offering a full range of protection to meet the needs of SME owners, modernize coverage, develop the insurance solicitation environment, and improve the sales tools, etc.
|
Priority Theme 2: Provide Workplace Environments that Enable Diverse Human Resources to Participate Actively
Initiative results and plans
| Policy |
To respect the human rights of all people, respect the personalities and diversity of our employees, ensure a healthy and safe working environment, and develop our human resources
|
| FY2023 Initiatives |
- Enhanced various support systems to achieve better work-life balance, including balancing work with childcare and nursing care
- Encouraged male employees to take childcare leave
- The three life insurance companies were recognized as Certified Health and Productivity Management Organizations “White 500”
- Promoted an internal structure enabling diverse work styles, including the utilization of a home-based work system and a satellite office work system
- Promoted human rights education to ensure psychological safety
|
| Planned for FY2024 |
- We will continue to create a flexible and dynamic workplace where diverse personnel can demonstrate their abilities with job satisfaction and a desire to grow
|
Priority Theme 3: Contribute to Global Environment Conservation and Climate Change Mitigation and Adaptation
Initiative results and plans
| Policy |
To contribute to climate change mitigation and adaptation through our own business activities as a provider of insurance products and services to customers and through our actions as an institutional investor
|
| FY2023 Initiatives |
- Switched to renewable energy sources for 100% of the electricity used at the T&D Holdings, Taiyo Life, Daido Life and T&D Financial Life head office buildings
- Disclosed quantitative scenario analysis of “physical risks” that contributes to enhancement of compliance with the TCFD (Task Force on Climate-related Financial Disclosure) recommendations
- Became a signatory to Climate Action 100+, a global climate-action initiative
- Became a signatory to Spring, a global biodiversity initiative
|
| Planned for FY2024 |
- Participate in the TNFD (Taskforce on Nature-related Financial Disclosures) Forum, which is aligned with the principles of the TNFD and supports its activities, and conduct a nature-related analysis of our own portfolio in line with the TNFD framework
- Further reduce CO2 emissions by promoting the introduction of renewable energy
|
Priority Theme 4: Invest to Help Build a Sustainable Society
Initiative results and plans
| Policy |
To secure stable long-term investment income and contribute to the realization of a sustainable society through investment activities undertaken in consideration of the environment, society and corporate governance, with the aim of growing sustainably in partnership with society
|
| FY2023 Initiatives |
- Based on the T&D Insurance Group ESG Investment Policy, our investment and financing decisions incorporated analyses and assessments related not only to the financial information of potential investees and borrowers, but also to non-financial information such as ESG
- Invested in and financed projects with themes that contribute to solving various ESG issues, including green bonds and social bonds
- Continued to engage in dialogue with investees and borrowers and engage in green finance (investment in and financing of projects in the environmental field) to achieve net zero CO2 emissions by investees and borrowers
- Became a signatory to and participated in Spring, a global initiative to preserve biodiversity launched by PRI
|
| Planned for FY2024 |
- Continue to make various ESG investments that contribute to the resolution of social issues and the realization of a sustainable society
- In addition to responding to climate change, promote investment, financing, and engagement in response to various social issues and themes such as human capital and biodiversity
|
The T&D Insurance Group has issued a "Sustainability Report" that gives further details on Sustainability. Please see the report for information on the Group's other Sustainability activities.
