July 7, 2020

The Dai-ichi Life Insurance Company, Limited
The Dai-ichi Frontier Life Insurance Co.,
Investment into the World’s First Plastic Waste Reduction Bond～Dai-ichi Life and Dai-ichi Frontier Life made a joint investment
to contribute to the reduction of plastic waste～

The Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”, President andRepresentative Director, Seiji Inagaki) and The Dai-ichi Frontier Life Insurance
Company (“Dai-ichi Frontier Life”, President, Masao Taketomi) announced today thatthey purchased a total of approximately ¥7.4 billion1 in a corporate bond for reducing
plastic waste issued by Henkel AG & Co. KGaA (“Henkel”). This is the first corporatebond in the world in that the proceeds from the bond will be specifically allocated toprojects and expenditures to reduce plastic waste. It is also the first time that Dai-ichi Lifeand Dai-ichi Frontier Life have been jointly engaged in ESG investment.
Henkel is a leading global manufacturer of industrial and consumer goods, headquarteredin Germany. The company manufactures and supplies household detergents and cleaningproducts, shampoo and shower gels, as well as other living essentials globally. Henkel istaking proactive measures to reduce plastic waste as one of its key themes for realizing asustainable society. By 2025, the company aims to make 100% of its packaging materials
recyclable or reusable, and to reduce its use of petroleum-based plastics by 50%. It has
also set a goal to contribute to zero disposal of plastic in the environment.
The bond proceeds will be specifically allocated to projects to improve the recyclabilityof Henkel’s product packaging, increase theusage of recycled materials and reduce theamount of plastic materials used. Throughtheir investment, Dai-ichi Life and Dai-ichi
Frontier Life will provide financial supportfor Henkel’s initiatives to reduce plasticwaste.

1Dai-ichi Life purchasing approximately ¥5.3 billion and Dai-ichi Frontier Life approximately ¥2.1 billion

Each year around 9 million tons of plastic waste flows into the sea, and there are concernsof a serious burden on marine life and the global environment. The plastic waste problem
has been recognized globally as an important social issue, as typified by theannouncement at the G20 Osaka Summit held in 2019 of the “Osaka Blue Ocean Vision,”
aiming for zero new pollutants from plastic waste in the ocean by 2050. Henkel is afounding member of the international Alliance to End Plastic Waste 2 , which is
implementing initiatives to reduce plastic waste, and Dai-ichi Life and Dai-ichi FrontierLife expect the issuance and investment in this bond will help stimulate further plastic
waste reduction initiatives among other alliance member companies.
The Companies will continue to enhance investment returns through sophisticated anddiverse investment methods. As responsible institutional investors that contribute towardrealizing a sustainable society, the Companies are also actively engaged in ESG
investment.

【Outline of the Bonds】

2IssuerHenkel AG & Co. KGaA (S&P rating: A, Moody’s rating: A2)

Issuance amount

USD70 million (Approx. ¥7.4 billion)

Term

Five years

A global alliance established in January 2019. The alliance has over 40 member companies globally, including manufacturers ofconsumables and chemicals.