Group Sustainability Promotion Structure
The Group is building a sustainability promotion structure centered on the Group Sustainability Committee to make meaningful contributions to the realization of a sustainable society.
In April 2023, the new position of “Chief Sustainability Officer (CSuO)”(Group CSuO from FY 2025) was created to promote the Group sustainability strategy and chair the Group Sustainability Committee.
Structure of the Sustainability Unit
To further accelerate Group-based sustainability initiatives that integrate environmental, social, and governance issues based on the international standards, we have established the Sustainability Unit that is responsible for planning and promoting each initiative together with the Group CSuO in April 2024.
Sustainability management promotion cycle
In promoting such initiatives, the Group implements effective sustainability management through the cycle of (1) establishment and instillment of corporate philosophy, (2) formulation of plans, (3) execution, performance analysis, and disclosures, and (4) stakeholder communication.
- 1Establishment and instillment of corporate philosophy
- Formulate and review the Group Principles
- Understand interrelationships among the Group Principles, management strategies, and the sustainability policy
- 2Formulation of plans
- Formulate and review Core Materiality
- Understand interrelationships between the sustainability policy and each business strategy
- Establish indicators to measure initiatives related to Core Materiality
- 3Execution, performance analysis, and disclosures
- Implement penetration measures and supplement resources
- Strengthen information disclosure in light of regulations (ISSB/SSBJ)
- Respond to external evaluation
- Utilize sustainability information in management strategies
- Develop an IT infrastructure for GHG emission measurements
- 4Stakeholder communication
- Establish communication lines with major overseas Group companies
- Visits by the Group CSuO to Group companies and offices, etc.
- Implement measures to raise employees' awareness and promote instillment
- Hold sustainability-focused IR information meetings and engage with stakeholders on human rights
Approaches to Fostering Group Employee Awareness
To realize a sustainable society, it is essential to foster awareness and change the behaviors of employees at Daiichi Life Group. The Group provides a wide variety of activities, including events for environmental protection and volunteer activities as well as environmental seminars for corporate executives and employees.
Group Sustainability Committee
Taking into account the viewpoints of external experts, the Group Sustainability Committee members would discuss Group policies and strategies as well as effective communication strategies including commitment to the society, and monitor the progress of sustainability initiatives across the Group, from a cross-group and long-term perspective. The Committee then reports its discussions to the Executive Management Board and at the Board of Directors.
PDCA based on discussions at Committee meetings
Issues clarified in Group Sustainability Committee meetings are organized based on the level of urgency and priority, and are integrated into strategies. The progress is closely monitored to ensure stable solutions.
In addition, since FY2024, we have allowed Group employees to observe the Committee meetings online with the aim of sharing information of the Group’s sustainability initiatives in a timely manner and encouraging each organization to plan their initiatives. The Group sustainability initiatives are reviewed and improved according to the results of the questionnaire filled out by employees who attend the Committee meetings as observers.
For details of the status of Group Sustainability Promotion Structure, please refer to Sustainability Report (P24~28).