T&D : Sustainability Report 2021

CREATE VALUE FOR PEOPLE AND SOCIETIES .

Sustainability Report 2021

T&D Insurance Group's Corporate Philosophy

With our "Try & Discover" motto for creating value, we aim to be a group that contributes to all people and societies.

T&D Insurance Group's Management Vision

Sow happiness,

make change with boldness

Contents

Message from the President………………………………………………………… 2

VII Social Activities… …………………………………………………………………… 88

Response to COVID-19……………………………………………………………………6

VIII Governance and Internal Control… ………………………………… 93

I Organizational Profile…………………………………………………………………… 8

IX Management Control… …………………………………………………………

104

II Sustainability Management

……………………………………………………

13

Third-party Opinion

………………………………………………………………………

110

III Priority Theme 1… ………………………………………………………………………

37

Index… …………………………………………………………………………………………………

111

Promote Healthy and Abundant Lives for All People

IV Priority Theme 2… ………………………………………………………………………

56

Provide Workplace Environments that Enable

All People to Participate Actively

V Priority Theme 3

……………………………………………………………………………

68

Help Mitigate and Adapt to Climate Change

VI Priority Theme 4… ………………………………………………………………………

80

Invest to Help Build a Sustainable Society

Sustainability Report 2021

Report Publication Information

102-50

102-51

102-52

Published in

November 2021 (Previous Issue: November 2020; Next Issue: Scheduled for November 2022)

Scope of report

All companies and foundations in the T&D Insurance Group

* Contents of this report are selected taking into account the importance of each item, and we indicate the scope of each item as necessary.

Period covered April 2020 to March 2021 (annual)

* Also includes reports on some significant activities and events having occurred in and after April 2021.
Contact Information	102-53

Sustainability Promotion Division, Social Communication Department, T&D Holdings, Inc. 7-1, Nihonbashi 2-chome,Chuo-ku, Tokyo 103-6031, Japan

E-mail:[e-mail]

Regarding Third-party Opinion

As a senior counselor of the Japan Research Institute, Mr. Eiichiro Adachi possesses extensive knowledge about sustainability/CSR and was asked to offer his opinion and advice about the contents of Sustainability Report 2021 from the standpoint of a third party.

Editorial Policy

The T&D Insurance Group has prepared this report to provide a wide range of stakeholders with a picture of the Group's concepts of and approach to sustainability, as well as its sustainability initiatives. In fiscal 2021, the Group is disclosing information in the form of two different reports in order to let a wider range of stakeholders get to know the Group's initiatives. In addition to Sustainability Report 2021, we are releasing a digest edition of Sustainability Report 2021. In the digest edition, we present the Group's thinking about sustainability and the main sustainability initiatives taken by the Group in an easy-to-understand format. It is an approachable, easy-to-read report with only a small number of pages and many photographs and illustrations. Sustainability Report 2021 conforms to the GRI standards, and reports on the wide-ranging management, social, and environmental initiatives the Group is advancing.

Overview of the Digest Edition of Sustainability Report 2021

Message from the President	Organizational Profile
Priority Theme 1	Promote Healthy and Abundant Lives for All People
Priority Theme 2	Provide Workplace Environments that Enable All People to Participate Actively
Priority Theme 3	Help Mitigate and Adapt to Climate Change
Priority Theme 4	Invest to Help Build a Sustainable Society
Social Activities		Response to COVID-19	External evaluation

1

Message from the President
102-14

Hirohisa Uehara

Representative Director

and President,

T&D Holdings, Inc.

Sowing happiness in the world through

the "creation of shared value" that encompasses

both economic value and social value

-SDGs Management and Creation of Value-

Responding to the COVID-19 Pandemic

The global COVID-19 pandemic, which began at the end of 2019, is still not under control as of 2021, and many people around the world are still suffering adverse impacts of various kinds. Once again, I would like to express my condolences to the victims of COVID-19, and my sympathies to the many people who have been affected. I would also like to express my deep gratitude to the medical workers and those in related fields who are struggling to treat and prevent the disease and maintain the social systems.

2

The social challenges posed by COVID-19 are wide-ranging, and the economic impact of responding to the prevention of its spread has been enormous. The most vulnerable in society have suffered the greatest impact. The SDGs slogan "Leave no one behind" reminds us that it is precisely in times of global crisis like the current pandemic that enhancing the stability and sustainability of society takes on its greatest importance.

The T&D Insurance Group, whose core business is life insurance, views the economic and health impact of COVID-19 as a challenge that it must address, and each Group company is working to provide products and services that respond to it. Through our life insurance and related businesses, we will aim for sustainable growth through the creation of shared value that encompasses both the values to society (social value) and the values to the company (economic value).

Formulation of the Group Long-Term Vision / SDGs Management and Creation of Value

Corporate Philosophy of the T&D Insurance Group is "With our 'Try & Discover' motto for creating value, we aim to be a group that contributes to all people and societies."

In order to put this Corporate Philosophy into practice, we set management targets and formulated necessary strategies in our previous medium-term management plans in anticipation of future changes in the business environment. However, in order to further promote integrated Group management at this time of heightened uncertainty, I believe that it will be more important than ever before to clarify our vision, which represents how we want to be as a Group that is not affected by changes in the environment, to think about what is necessary in light of that vision, and to be flexible and speedy in our thinking and actions to put it into practice.

CSR & Sustainability Trajectory of

• Established the Group ESG Investment Policy

• Formulated the Group Long-Term Vision

the T&D Insurance Group

• GPIF begins ESG investment

• TCFD recommendations

UN Global

2021

Compact signed

2020

Principles for

2019

Group CSR Committee

Financial Action

established

for the 21st

Century

2017

UN Principles

2015

2016

Group CSR Committee

for Responsible

renamed to the Group

Investment (PRI)

2014

SDGs Committee

signed/Taiyo Life

T&D Holdings

2012

• Paris Agreement

established

CSR report

2011

adopted

• Establishment of Climate

• SDGs agreement

Change Risk Subcommittee

issued

2007

• Establishment of Group Human

2006

UN Principles for

Rights Policy

UN Principles for

2005

Responsible Investment

Responsible Investment

(PRI) signed/T&D Asset

(PRI) signed/Daido Life

2004

Group CSR

Management

Charter enforced

3