April 26, 2022

Investment in Sustainable Development Bonds Issued by the International Bank for
Reconstruction and Development- Supporting the Economic Growth and Climate Action of Developing Countries, and Assisting
the Transition to a Decarbonized Society The Dai-ichi Life Insurance Company, Limited (the “Company”; President and Representative Director: SeijiInagaki) is pleased to announce that it has invested AUD 132 million in Sustainable Development Bonds issued by theInternational Bank for Reconstruction and Development ("IBRD").
This is an investment to Sustainable Development Bonds with the aim of giving financial supports to developing
countries, as advocated at the UN Climate Change Conference UK 2021 (“COP26”).
The funds raised by these bonds will be allocated to a wide range of projects that contribute to the climate action ofdeveloping countries which align with the “Climate Change Action Plan 2021-2025,”1 announced by the World Bank
Group including the IBRD in June 2021. By investing in these bonds, the Company will support the finance to IBRD’sactivities which contribute to the transition to a decarbonized society.

1 The Action Plan is aimed at realizing the initiatives proposed at COP26 and achieving the goals of the Paris Agreement; by incorporating climate action

into all World Bank Group development projects, the Action Plan seeks to increase levels of climate finance for developing countries1

As a universal owner that manages assets of approx. JPY 38 trillion sourced from insurance premiums of customers
throughout Japan, the Company has been promoting ESG investments and actively investing in SDG-focused bonds
such as those issued by multilateral development banks and others as indicated below.
The Company as a responsible institutional investor will continue to actively engage in ESG investment to contributeto realizing a sustainable society as well as to improve its investment return through sophisticated and diverse
investment methods.

About the International Bank for Reconstruction and Development
The International Bank for Reconstruction and Development (IBRD) created in 1944 is a multilateral developmentbank that operates as a global development cooperative owned by 189 member countries. In order to achieve its goalsof reducing poverty and building shared prosperity and to support the Sustainable Development Goals (SDGs), it
provides middle-income countries and creditworthy low-income countries with loans, guarantees, and risk management
products, as well as specialized analytical and advisory services in various fields. The IBRD has been issuing bonds ininternational capital markets for over 70 years to fund its sustainable development projects and programs.
[Summary of the Bond]
IssuerInternational Bank for Reconstruction and Development (S&P Rating: AAA, Moody’s Rating: Aaa)

Issuance Amount

AUD 516 million （Approx. JPY 48.1 billion )Company’s

AUD 132 million （Approx. JPY 12.3 billion )Investment Amount
Maturities

8years (Issuance Date: April 26, 2022; Redemption Date: April 26, 2030)

2

<<Reference>> Examples of Investment in SDG-Focused Bonds Issued by Multilateral Development BanksIssuer
European Bank for

Name of Bond

Release datehttps://www.dai-ichi-

Microfinance BondDec 7, 2015

Health Bond

Mar 13, 2018

Environmental Sustainability BondJun 26, 2019

Climate Resilience Bond

Jul 20, 2021

Inclusive Business BondDec 15, 2014

life.co.jp/english/news_release/2014/pdf/index_028.pdf

Green BondJun 26, 2019https://www.dai-ichi-

Sustainable Development Bond

Jul 30, 2019https://www.dai-ichi-

Sustainable Development Bond

Nov 28, 2019https://www.dai-ichi-

Sustainable Development Bond

May 1, 2020

https://www.dai-ichi-

Children’s Bond

Mar 4, 2021

https://www.dai-ichi-Green BondSep 30, 2021

https://www.dai-ichi-

Reconstruction andDevelopment (EBRD)

URL
life.co.jp/english/news_release/2015/pdf/index_028.pdf
https://www.dai-ichilife.co.jp/english/news_release/2017/pdf/index_020.pdf
https://www.dai-ichi-

International FinanceCorporation (IFC)
International Bank for
Reconstruction andDevelopment (IBRD)

https://www.dai-ichilife.co.jp/english/news_release/2021/pdf/index_004.pdf
https://www.dai-ichi-

life.co.jp/english/news_release/2019/pdf/index_006.pdf
life.co.jp/english/news_release/2019/pdf/index_010.pdf
life.co.jp/english/news_release/2019/pdf/index_019.pdf
life.co.jp/english/news_release/2020/pdf/index_002.pdf
life.co.jp/english/news_release/2020/pdf/index_026.pdf
life.co.jp/english/news_release/2021/pdf/index_009.pdf
https://www.dai-ichi-

Inter-American
Development Bank

life.co.jp/english/news_release/2019/pdf/index_005.pdf

life.co.jp/english/news_release/2015/pdf/index_015.pdf

EYE Bond

Jul 13, 2015

Feed Africa Bond

Nov 1, 2016

https://www.dai-ichi-

Light Up and Power Africa BondSep 28, 2017https://www.dai-ichi-

Health Bond

Mar 29, 2017https://www.dai-ichi-

Gender Bond

Nov 27, 2017https://www.dai-ichi-

Health BondApr 22, 2020

https://www.dai-ichi-

Health BondFeb 1 , 2021

Education BondFeb 9, 2021

Blue BondSep 10, 2021

https://www.dai-ichi-

Vaccine Bond

Jul 18, 2019https://www.dai-ichi-

Vaccine BondJun 29, 2020

(IADB)
African Development
Bank (AfDB)Asian Development
Bank (ADB)

International Finance
Facility forImmunisation (IFFIm)

3

life.co.jp/english/news_release/2016/pdf/index_022.pdflife.co.jp/english/news_release/2017/pdf/index_009.pdf
life.co.jp/english/news_release/2016/pdf/index_028.pdf
life.co.jp/english/news_release/2017/pdf/index_015.pdf
life.co.jp/english/news_release/2020/pdf/index_001.pdf
https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_018.pdf
https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_019.pdf

life.co.jp/english/news_release/2021/pdf/index_006.pdf
life.co.jp/english/news_release/2019/pdf/index_009.pdf
https://www.dai-ichilife.co.jp/english/news_release/2020/pdf/index_007.pdf