1.Basic Concepts

With life insurance as its core business, T&D Insurance Group puts sustainability at the heart of its business, providing products and services that deliver safety and security to customers. In addition, as an institutional investor, the Group is engaged in asset management, which is highly public in nature and closely linked to economic development and sustainable society building. The Group believes that it has a responsibility to contribute to society through these businesses.

In May 2021, T&D Insurance Group developed a Group Long-Term Vision towards fiscal 2025 under the Management Vision: “Sow happiness, make change with boldness.” The Group Long-Term Vision identifies SDGs management and creation of value as one of the challenges to the Group’s Growth Strategy and priority themes and sets new non-financial KPIs to quantitatively measure the created social value. The Group believes that its efforts to promote SDGs management and solve social issues will lead the Group to achieve its goals of creation of shared value and sowing happiness in the world.

We, T&D Insurance Group, will take steady steps to become a sustainable insurance group that grows along with society.

[Group's Management Vision/Group Long-Term Vision]

Group's Management Vision/Group Long-Term Vision

2.Sustainability priority themes

T&D Insurance Group has highlighted challenges in the area of sustainability related to its businesses as issues of importance to society and of relevance to its businesses, selected from the 17 goals and 169 targets of the SDGs, and framed these social issues under the four sustainability priority themes as follows. The Group Long-Term Vision “Try & Discover 2025” also articulates how to tackle these themes in business activities.

Priority Theme 1 Promote Healthy and Abundant Lives for All People

We will 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.
<Our Target>
- Increase customer satisfaction year-on-year* until fiscal 2025

Priority Theme 1	Promote Healthy and Abundant Lives for All People
Priority Theme 2 Provide Workplace Environments that Enable All People to Participate Actively

To respect the human rights of all people, respect the personality and diversity of our employees, we ensure a healthy and safe working environment, and develop our human resources.
<Our Target>
- Increase employee engagement score year-on-year* until fiscal 2025

Priority Theme 2	Provide Workplace Environments that Enable All People to Participate Actively
Priority Theme 3 Help Mitigate and Adapt to Climate Change

We will contribute to climate change mitigation and adaptation and work to create a net zero society and conserve biodiversity through our own business activities as a provider of insurance products and services to customers.
<Our Target>
- Reduce our CO2 emissions by 40% by fiscal 2025
- Reduce our CO2 emissions to net zero by fiscal 2050

Priority Theme 3	Help Mitigate and Adapt to Climate Change
Priority Theme 4 Invest to Help Build a Sustainable Society

As a responsible institutional investor, we will 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.
<Our Target>
- Reduce the CO2 emissions of investees and borrowers by 40% by fiscal 2030
- Reduce the CO2 emissions of investees and borrowers to net zero by fiscal 2050

Priority Theme 4 Invest to Help Build a Sustainable Society

* Irrespective of the targets described here, we will aim to achieve each theme in a comprehensive sense.

[Group Structure/Business Model]

T&D Insurance Group is a unique grouping consisting of a core set of domestic life insurance businesses pursuing market-specific strategies together with other businesses with an affinity to the life insurance market, including a closed book business, an asset management business, and a pet insurance business, all under T&D Holdings, a holding company. This organization allows Group companies to work to fully exploit the strengths and uniqueness of their respective business models, in support of their customers’ lives and businesses.

A holding company consisting of 26subsidiaries and affiliated companies that serves as the cornerstone of the T&D Insurance Group

[Sustainability promotion framework]

T&D Insurance Group has established a Group SDGs Committee under the chairmanship of the Representative Director and President and the supervision of the Board of Directors to promote Group-wide initiatives.
In addition, the Group works hard to address important sustainability issues by setting up the subcommittees under the Group SDGs Committee, including a Climate Change Risk Subcommittee to discuss technical matters related to climate change and an ESG Investment Subcommittee to integrate ESG investments across the Group.
Moreover, the Group explores opportunities to exchange opinions with external experts by organizing a Sustainability Advisory Committee to improve the Group’s sustainability initiatives by incorporating the perspectives of external experts and the latest trends.

<Department in Charge of Sustainability promotion at T&D Insurance Group>

<Department in Charge of Sustainability promotion at T&D Insurance Group>

(T&D Insurance Group Sustainability Statement: Approved in May 2022 and updated in May 2023)