Participation in External Initiatives
Through joining initiatives related to sustainability within and outside Japan, we are promoting initiatives for realizing a sustainable society.
Overall
Principles for Financial Action Towards a Sustainable Society (Principles for Financial Action for the 21st Century)
The Principles for Financial Action for the 21st Century provide action guidelines for the overall CSR of financial institutions wishing to play a role and take responsibilities necessary for the formation of a sustainable society. Daiichi Life participated in the development of the principles as a member of the draft committee and signed up in November 2011. In addition, Daiichi Neo Life endorsed and signed the principles.
The United Nations Global Compact (UNGC)
The United Nations Global Compact is an initiative which encourages participating companies to behave as good members of society, aiming to achieve sustainable growth. It comprises 10 principles on human rights, labour, the environment, and anti-corruption.
The intent of the principles coincides with the Daiichi Life Group's sustainability approach and Daiichi Life Group Code of Conduct. Therefore, Daiichi Life Group signed it and expresses our support for the UNGC since May 2014.
The United Nations Principles for Responsible Investment (PRI)
The United Nations Principles for Responsible Investment (PRI) is an initiative that advocates the incorporation of Environmental, Society and Governance issues by institutional investors into their investment decision-making process with a view to realizing a sustainable society.
In Daiichi Life Group, three companies (Daiichi Life, Daiichi Frontier Life, and Asset Management One) endorsed and signed the principles.
Japan Stewardship Initiative
This initiative was established in 2019 with the aim of deepening and enhancing stewardship activities by examining countermeasures for practical issues of stewardship activities and sharing best practices. Daiichi Life has been participating since 2019.
Institutional Investor Collective Engagement Forum
It is a general incorporated association established for the purpose of supporting constructive “purposeful dialogue” with companies that institutional investors collaborate with to contribute to the appropriate stewardship activities of institutional investors. Daiichi Life participated in March 2020.
Japan Impact-driven Financing Initiative
“Japan Impact-driven Financing Initiative” is an initiative to promote impact investment through cooperation and collaboration between diverse and multiple financial institutions that believe that the purpose of financial institutions is to actively address social and environmental issues, holistically understanding impact.
The United Nations Environment Programme Finance Initiative (UNEP FI)
The United Nations Environment Programme Finance Initiative (UNEP FI) is an international network of financial institutions aiming at sustainable development that comprises financial institutions. It seeks to achieve economic development and sustainable development where the environment and sustainability are compatible, and promotes various business operations and services of financial institutions that take such aim into account. In Daiichi Life Group, TAL endorsed the initiative and signed the Principles for Sustainable Insurance (PSI) of this initiative.
Principles for Sustainable Insurance (PSI)
The Principles for Sustainable Insurance (PSI) declare that insurance companies will consider sustainability issues in their business operations and were established by the United Nations Environment Programme Finance Initiative (UNEP FI) in June 2012. In Daiichi Life Group, TAL endorsed and signed the principles.
Climate Change and Natural Capital
RE100
The Climate Group, an international environmental NGO, operates this international initiative in partnership with CDP. This initiative with the goal of procuring 100% of the electricity consumed in its business activities from renewable energy sources. It is in which more than 400 major companies around the world are members, and Daiichi Life, the core company of the Group has officially become a RE100 achiever since it was recognized as having procured 100% of its electricity from renewable energy in fiscal 2022.
Climate Action 100+
An institutional investor initiative established in 2017 for the purpose of conducting constructive dialogue with companies that emit a large amount of greenhouse gases on efforts to reduce emissions and disclosure of information. Daiichi Life, the core company of the Group, and Daiichi Frontier Life participated in August 2019.
THE NET-ZERO ASSET OWNER ALLIANCE
Established in 2019, it is an international initiative for institutional investors to move to a portfolio with virtually zero greenhouse gas emissions by 2050. Daiichi Life participated in February 2021.
THE GLASGOW FINANCIAL ALLIANCE FOR NET-ZERO (GFANZ)
Established in 2021, it is a strategic forum that aims to decarbonize the entire financial industry by integrating the efforts of the Greenhouse Gas Emissions Net Zero Initiative in the financial industry. In April 2021, Daiichi Life joined the forum.
Spring
This is a collaborative engagement initiative on biodiversity established in 2023 by The United Nations Principles for Responsible Investment (PRI). Daiichi Life is participating in this initiative.
Taskforce on Nature-related Financial Disclosures (TNFD) Forum
TNFD is an international initiative, conceived at the 2019 World Economic Forum at Davos and officially launched in June 2021, that aims to establish a disclosure framework for nature-related risks.
Daiichi Life Group endorses the principles of the TNFD and has joined the TNFD Forum in October 2022 to support its activities.
GX Acceleration Agency
A authorized corporation established under “the Act on the Promoting Transition to the Decarbonized Growth Economic Structure”, with the aim of advancing Green Transformation.Daiichi Life Group supports the purpose of this establishment and has made a capital contribution to the organization.
We support and are actively involved in the activities of organizations working to avoid climate change. In the unlikely event that the policies of those organizations are significantly weaker or inconsistent than the policies of us, We will encourage the organizations to maintain consistency, and at the same time, if there is a large divergence and it is difficult to maintain consistency, we will take appropriate measures.
External dialogue on sustainability
CDP
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
Keidanren Committee on Nature Conservation
Daiichi Life is a member of the Keidanren Council for Nature Conservation. The Keidanren Council for Nature Conservation was established by Keidanren, a Japanese business association, in 1992, the year of the Rio Earth Summit (United Nations Conference on Environment and Development), as an organization to implement the ideas of the “Keidanren Charter on the Global Environment” in the field of nature conservation The council aims to support companies in their nature conservation activities and to contribute to society.
Keidanren Committee on Nature Conservation
We are actively engaged in mitigating climate change issues through our involvement with Keidanren. Our Director, Chairman of the Board, Inagaki, serves as a vice chair of Keidanren Board of Councillors. In April 2024, Keidanren published the “Keidanren Carbon Neutrality Action” Inagaki also chairs the Keidanren BIAC (Business and Industry Advisory Committee to the OECD) Japan, which has recently compiled a recommendation in reflecting our expectations for the OECD and Inagaki submitted it to Mr. Mathias Cormann, Secretary-General of the OECD and the Japanese Minister of Foreign Affairs. The recommendation emphasize the inclusion of various emissions reduction technologies in certifications, from an Asian perspective and with a focus on encouraging diverse and steady initiatives toward carbon neutrality, including in developing countries.
Championing the ISSB's Climate Global Baseline
Climate risks are increasingly having a real effect on companies and capital. Therefore - in response to calls for climate action at COP28 - we support the establishment of market infrastructure to enable consistent, comparable climate-related disclosures at a global level. Daiichi Life is committed to advancing the adoption or use of the ISSB's Climate Standard as the climate global baseline.
Human Capital/Human Rights
Women's Empowerment Principles (WEPs)
The Women's Empowerment Principles (WEPs) are a set of principles of corporate behavior created jointly by UN Women, a UN organization working for gender equality and women's empowerment, and the UNGC. The WEPs specify the development of labour and social environments in which women are able to fulfill their potential and improve their abilities, with their efforts fairly appraised. Daiichi Life Group endorsed the principles and signed a Statement of Support for the Women's Empowerment Principles in December 2012.
Leaders Coalition for Empowerment of Women
Daiichi Life Group supports the Declaration of action “Leaders Coalition for Empowerment of Women”, an initiative endorsed by the Cabinet Office of Japan.
In line with the principles outlined in the declaration, business leaders who actively support women's participation in the workplace not only take concrete steps within their own organizations, but also build networks to share ideas, challenges, and best practices. These efforts help accelerate initiatives across companies and contribute to fostering broader public support for women's empowerment.
30% Club Japan
The mission of “30% Club Japan” is to make the top management of the company a member, promote the efforts on their own initiative, and contribute to a prosperous society in which men and women participate equally. This initiative states that a sound gender balance in corporate decision-making bodies such as the board of directors will contribute not only to strengthening corporate governance, but also to promoting sustainable growth, improving international competitiveness, and eventually building a sustainable Japanese society. Daiichi Life Group agrees with this purpose and joined in December 2019.
Daiichi Life is a member of the “30% Club Japan Investor Group”, an institutional investor coalition that aims to increase the medium-to long-term corporate value of investee companies by promoting gender diversity.
Challenge Initiatives for 30% of Executives to be Women by 2030
Daiichi Life Group has expressed its support for Keidanren's initiative, “Challenge Initiatives for 30% of Executives to be Women by 2030 #HereWeGo203030”.
.The NEW Growth Strategy announced by Keidanren in November 2020, fostering the active participation of diverse individuals was recognized as essential for sustainable growth. As a concrete goal, the strategy sets forth the aim of increasing the proportion of women in executive positions to 30% or more by 2030. The “Challenge Initiatives for 30% of Executives to be Women by 2030” initiative is designed to create a movement toward achieving this target.
Advance
A collaborative engagement initiative newly established by PRI in 2022 based on the theme of “social” issues, with a focus on human rights problems.
Daiichi Life and Daiichi Frontire Life are participating in this initiative.
Amount of Contributions to Initiatives in FY2024
Daiichi Life Group is committed to promoting efforts to realize a sustainable society through participation in initiatives. To achieve this, we have established a management system for membership in industry associations and other organizations. Since the annual budget, including membership fees to be paid to initiatives, is approved by the Management Committee, management supervises whether or not to join initiatives. Providing opinions on policies and measures developed by the supervisory authorities or the decision to join an industry association is made after taking into consideration international requirements, such as the Paris Agreement. In determining whether to continue membership in trade associations each year, we also consider whether the original intent of membership, including the realization of a sustainable society, has been achieved, and whether the association's policies are consistent with international requirements, including the Paris Agreement on climate change, and we may not continue membership if the association's policies are contrary to these requirements.
| Organization | PRI Association | Net-Zero Asset Owner Alliance | UNGC | GX Acceleration Agency | Total |
|---|---|---|---|---|---|
| Purpose | Advocate for institutional investors to incorporate Environmental, Social and Governance issues into their investment decision-making process in order to achieve a sustainable society. | Aim to move to a portfolio with virtually zero greenhouse gas emissions by 2050. | The goal is for participating companies to act as good members of society and achieve sustainable growth. | The goal is promoting GX (Green Transformation) investments. It is an organization established as part of the Japanese Government's GX policy initiative to realize GX investment of over 150 trillion yen in the next 10 years. | − |
| Amount of Contribution (JPY) | 3,395,000 | 3,829,400 | 1,860,000 | 20,000,000 | 29,084,400 |
For details of the status of participation in initiatives, please refer to Sustainability Report(P240~243).