SUMITOMO LIFE

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Sustainability

Material Issues

Under the philosophy of contributing to the realization of a society of affluence, vitality and longevity through the sound operation and development of the insurance business, which is stated in the CSR Management Policy, we aim to become the most trusted and supported company by our stakeholders including our customers, and to grow sustainably and stably by conducting honest business operations and building a sound financial base.
In addition, we have defined items that are important in the promotion of CSR management (key items of CSR) and identified the SDGs that correspond to each key item of CSR, clarifying the issues that the Company focuses on.

Structure

As a structure to support these efforts, the Sustainability Promotion Council has been put in place to implement initiatives to share and solve social and environmental issues, such as the SDGs. The council convenes twice a year in principle, and discussions of the council are deliberated at the Executive Management Committee, an advisory body to the President, and reported to the Board of Directors.
One of the focuses of the new medium-term business plan, which started in fiscal 2020, is to contribute to society through initiatives aimed at achieving the SDGs in our business activities, primarily by contributing to a healthy and long-living society through the promotion of SUMITOMO LIFE Vitality.
We will further pursue sustainability management, together with the medium-term business plan.

Addressing Climate Change

With climate change becoming a major talking point, as seen in the adoption of the Paris Agreement in 2015, we announced our endorsement of the final recommendations report published by the Task Force on Climate-related Financial Disclosures (TCFD), referred to as the “TCFD recommendations,” which set out a framework for disclosure of information on climate-related risks and opportunities. In 2021, we decided to aim for net-zero greenhouse gas (“GHG”) emissions by 2050 and set reduction targets for 2030.

Please see the following page for specific initiatives.

Sustainability Report

We have created this report to convey our sustainability initiatives in fiscal 2020 in a format that is easy to understand for our various stakeholders. We position this report as the “Sustainability Report,” provide a comprehensive report of our initiatives for sustainability, and focus on priority initiatives based on materiality.