CREATE VALUE FOR PEOPLE AND SOCIETIES.

Sustainability Report

2023

DigestEdition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
VisionSow happiness,make change with boldness

Group Structure
as of July 31, 2023

Household Market

Independent Insurance Agent Market

Small and Medium Enterprises Market

A holding company consisting of 26
subsidiaries and affiliated companies
that serves as the cornerstone of the
T&D Insurance Group

Investment Business

Building a Client BaseUsing Digital Tools

Pet & Family Insurance
Asset Management Business

Pet Insurance Business

CONTENTS
2	Message from the
President

6

Priority Theme

8 Priority Theme3	T&D InsuranceGroup Sustainability 10	Group Employee
Statement
Dialogue4	Sustainability
12 Priority Theme
Advisory Committee
14 Priority Theme

16 Social Activities
17	External evaluation /Principles That the
T&D Insurance Group
Endorses andSupports

For other initiatives, please visit the T&D Holdings website.
https://www.td-holdings.co.jp/en/csr/

T&D Insurance Group Sustainability Report 2023 Digest Edition1Addressing Social Issues throughOur Business and Creating Shared Value to“Sow Happiness in the World”—SDGs Management and Creation of Value—
Hirohisa Uehara

Representative Director andPresident of T&D Holdings, Inc.

Group Long-Term Vision: SDGs Management
and Creation of Value

Message from the President

Addressing Climate Change: The Significanceof the Life Insurance Business

opportunities for growth and supporting active roles forby 2050, with a focus on reducing CO2 emissions produced

employees, regardless of gender, can work comfortably

regard to our own emissions, we have joined the interna-

ing diversity, practicing health management, and enhanc-

100% of the electricity used in business activities from

In addition, in an effort to respect human rights, we

female employees. We will adopt a multi-dimensional,

The Group is committed to achieving net-zero emissions

ongoing approach to create an environment where all

gic policies, the T&D Insurance Group has set five primary

by both the Group and those we invest in and finance. Withand with enthusiasm. This includes efforts such as promot-

vision. One of these themes is “SDGs management andtional initiative RE100, which involves aiming to source

ing work-life balance.

renewable energy. We are fast-tracking reductions in CO2

have established the T&D Insurance Group Human Rights

fiscal year of the Group Long-Term Vision.

Specifically, we have identified long working hours andis a sustainable business, provides safety and long-term

set interim goals to be achieved by FY2030 concerning the

we are striving to identify and correct human rights issues.

vices. Furthermore, the asset management business, ining recipients, and we are actively engaged in making this

The T&D Insurance Group Vision

Under the Group Long-Term Vision “Try & Discover 2025,”
which outlines its medium- to long-term goals and strate-

themes to work on in order to achieve its management

creation of value.” We have established quantitative non-financial KPIs to measure the creation of social value, andwe are actively pursuing the creation of shared value that
achieves a balance between economic and social value.

The Group, whose core business is life insurance, which

security to our customers through our products and ser-which we are engaged as an institutional investor, has asignificant public relevance and close connections to eco-emissions, with a particular focus on fiscal 2025, the final

Policy and conduct human rights due diligence every year.

Moreover, as a responsible institutional investor, we haveharassment as key areas for human rights due diligence, andreduction of CO2 emissions from our investment and financreduction a reality.

nomic development and the realization of a sustainable

Human Capital Management Initiatives

contribute to society through these businesses.

is promoting the development of a leadership base tosociety. We believe that the Group has a responsibility to

We believe that our commitment to SDGs management andaddressing social issues will lead to us creating shared value
and sowing happiness in the world. We, the T&D Insurance

As part of its efforts to improve human capital, the Group

Group, aim to be an insurance group that grows sustainably

drive the Group’s growth, as well as providing educational

this goal step by step.

alongside society, and we will continue to advance toward

T&D Insurance Group Sustainability Report 2023 Digest Edition

2

T&D Insurance Group Sustainability Statement
We have established and published the T&D Insurance Group Sustainability
Statement, which expresses our stance on sustainability issues.

Group’s Management Vision

Sustainability Priority Themes

Sow happiness, make change with boldness

1 Promote Healthy and3 Help Mitigate and Adapt to Climate Change[Our Target][Our Target]

Abundant Lives for All People

Increase customer satisfaction
year-on-year until fiscal 2025

Group Long-Term Vision “Try & Discover 2025”
Pursuing Financial KPIs

Pursuing Non-Financial KPIs

Financial Values

Social Values

Expanding group revenue
through improvementof capital efficiency

Creation of
Shared Value

Adjusted profit/Adjusted ROE/
Value of new business/ROEV

Reduce our CO2 emissions by 40% by fiscal 2025
Reduce our CO2 emissions to net zero by fiscal 2050

2 Provide Workplace Environments that

4 Invest to Help Build a Sustainable Society

Enable All People to Participate Actively

Providing solution tosocial issues throughbusiness activities[Our Target][Our Target]

Reduce the CO2 emissions of investees andborrowers by 40% by fiscal 2030
Reduce the CO2 emissions of investees andborrowers to net zero by fiscal 2050

Increase employee engagement score
year-on-year until fiscal 2025

Customer satisfaction/
Employee engagement score*
CO2 emissions* The name was changed from "Employee satisfaction" to "Employee engagement score" in the fiscal year ending March 31, 2024.

• Established T&D Insurance Group
Sustainability Statement• Joined RE100

CSR & Sustainability Trajectory of the T&D Insurance GroupCSR reportissued2004

2005

T&D Holdings
established

UN Principles
for Responsible
Investment (PRI)
signed/Taiyo Life

2006

2007

Group CSR
Charter enforced

2011

UN Global
Compact signed

UN Principles for
Responsible Investment(PRI) signed/T&D AssetManagement

2012Group CSR Committee
established2014• Paris Agreement adopted• SDGs agreement

2015

Principles for
Financial
Action for the
21st Century

2016• GPIF begins ESG
investment• TCFD recommendations

2017

UN Principles
for Responsible
Investment (PRI)
signed/Daido Life2019

• Establishment of
Climate Change Risk
Subcommittee• Establishment of Group
Human Rights Policy

2020

Group CSR
Committee
renamed to theGroup SDGs
Committee

2021• Formulated the Group
Long-Term Vision• Established the GroupESG Investment Policy

2022

2023

Converted 100% ofelectricity used at ourhead office building to
renewable energy

T&D Insurance Group Sustainability Report 2023 Digest Edition

3

Recommendation 1

Sustainability Advisory Committee

Toward decarbonization

The Sustainability Advisory Committee, which was established in FY2021, receives commentary from outside
experts on the latest international trends as well as a variety of recommendations based on their expertise.
The Group reflects these recommendations in its initiatives on sustainability issues, and will promote the SDGs
management and creation of value outlined in the Group Long-Term Vision.

(1) The Group Long-Term Vision indicates a CO2 emissions
reduction target with a deadline of FY2025 (40%reduction from FY2013), but there is no mention of
net-zero emissions. That the T&D Insurance Group
has not yet adopted the 2050 globally-championed
Net Zero goal is a lag behind the global trend. The
global trend is already changing from “low carbon”
to “decarbonization.” In view of the recent severity ofclimate change, we presume that the target date will be
moved earlier than 2050.

(2) In the financial industry, there is a trend toward a shift toa net-zero investment and financing portfolio by 2050.
Since the T&D Insurance Group has made the effort tosign the Principles for Responsible Investment (PRI),
it should consider a proactive course of action, suchas committing to net zero CO 2 emissions and interim
targets for its investees and borrowers, and release them.

Response

From left

Kenji
Fuma

Neural, Inc.
CEO / Specially
Appointed
Professor, Shinshu
University

MasahikoMoriyama

T&D Holdings, Inc.
Representative
Director andSenior Managing
Executive Officer

Takejiro
Sueyoshi
UNEP FinanceInitiative
Special Advisor

Hirohisa
UeharaT&D Holdings, Inc.
Representative
Director andPresident

Mari
Yoshitaka

Mitsubishi UFJ
Research andConsulting Co., Ltd.
Fellow (sustainability)

YasuhiroMori

T&D Holdings, Inc.
Executive Officer

Recommendations on overall sustainability
A global policy debate is underway that views climate change not only as a means and cost of reducing CO2 emissions,but also as a human rights issue that affects human life, health, and living areas. Furthermore, the younger generations
are calling for climate justice, and they are speaking out from the perspective of creating an equal society with an eye
to human rights, race, and poverty issues. The age where their values influence society is right before us, which willbring a big impact on business moving forward.

While we had set a target to reduce CO2 emissions (Scope 1
and 2) by 40% by FY2025 compared to FY2013 in the nonfinancial KPIs in our Group Long-Term Vision, established in
2021, the Committee commented on the fact that no netzero targets or targets for investees and borrowers had been
established. In response to this, on September 30, 2021,
an additional target was set to achieve net zero in FY2050,
including own investees and borrowers (Scope 3, Category15). In addition, an interim target was set on April 11, 2022
for own investees and borrowers.
Reference: T&D Insurance Group CO2 emissions reduction target
Subject

TargetOwn emissions(Scope 1 and 2)

FY2025: 40% reduction(compared to FY2013)
FY2050: Net zero

FY2030: 40% reduction
Investees and borrowers (compared to FY2020)* S ubjects are stocks, corporate bonds, and(Scope 3, category 15)loans of domestic listed companies.

FY2050: Net zeroT&D Insurance Group Sustainability Report 2023 Digest Edition4

Sustainability Advisory Committee
Recommendation 2

Recommendation 3

Recommendation 4

Sustainability Statement

ESG investment

Support to small to medium enterprises(1) It is necessary to discuss one’s values in the preparationof a statement. The company should determine wherein the world the problems related to its business are andhow it can contribute to the world through its business,and then communicate its stance to the world. Japanesecompanies’ lack of issue awareness regarding why they
are tackling these issues is a weakness. To simply list
responses without an underlying message would resultin a disconnect between stance and evaluation. The
company should clarify what its purpose of existence
is, and communicate products and investment policies
based on that purpose.

(1) T he T&D Insurance Group invests in a variety ofbonds, but it would be better to link its position as an
institutional investor with its position as an insurancecompany, and to make investments that can explain
what the bond means to the T&D Insurance Group. Take,for example, the large number of female customers that
Taiyo Life has. In this context, it would mean investingin gender bonds that support women’s advancement insociety and help reduce gender disparities.

(1) Observing the actions of the Japanese government, wefeel that rapid changes are coming to Japan, and we fearthat some people may not be able to keep up with thesechanges. Communicating global trends in sustainability
to SMEs will further strengthen the relationship of trust
between the T&D Insurance Group and its customers.
While the Corporate Governance Code only covers listedcompanies, the mandatory disclosure on sustainability
will have a knock-on effect on SMEs that make up
the supply chain. This means that SMEs also have tounderstand and address global trends. One of the futurematerial issues is that the T&D Insurance Group, which
has access to SMEs, will support the industry.

(2) A ny sustainability initiatives to be described in thestatement should be noted with an awareness of theirconnection to the sustainability priority themes. In
addition, because prime market listing standards require
Task Force on Climate-related Financial Disclosures (TCFD)
or equivalent disclosure of climate change measures, theT&D Insurance Group, as a prime listed company, should
prepare its statement with TCFD in mind.

(2) When it comes to engagement, it is important to continue
doing business with companies that are committed to Net
Zero. In order for our business partners to build a net-zero
portfolio, it is important for us to have a basic attitude
toward our own net-zero portfolio. It may be a good idea
to consider showing, as an indicator, the actual amountof ESG investments and financing from the perspective of
the overall portfolio.

(2) Whether or not policyholders will be able to continue toenroll insurance in the event of future financial hardship
could be viewed as a risk as an insurance company.
Furthermore, in order for SMEs to survive, it is necessary
to consider whether we can contribute in a different way
than insurance and investment, such as engagement andconsulting.

Response

Response

Response

In response to the opinions of the committee, we started
writing a statement in September 2021. We exchanged
opinions with the committee midway through this process, andthe statement was completed and disclosed on May 23, 2022.
We have established four sustainability priority themes,
which reflect the Group’s basic approach to sustainability
and the issues to be addressed in the future, and havecommunicated to our stakeholders the direction andspecifics of the Group’s initiatives. We report on related
results and progress via media such as our website and theSustainability Report.
In May 2023, we updated our statement in light of changing
social attitudes and initiatives to date.

The Group has already been considering the effect of its
investment activities as an institutional investor on realizing
a sustainable society, and has invested with consideration toenvironment, society, and corporate governance. In responseto the committee’s recommendation, in FY2023, we will set up
focus areas for ESG investments and financing based on thebusiness characteristics of the Group and the concept of ourSustainability Statement. Aiming to make further contributions
to solving social issues in focus areas, we will strengthen ourinvestments, financing, and engagement activities. In particular,
we will aim to expand information disclosure and improvethe contribution of our investment and financing activities tosustainability issues, etc. by quantitatively understanding theirsocial outcomes (positive impact).

Group company Daido Life has been engaged in various initiatives to support SMEs in resolving their business issues,
namely: “KENCO SUPPORT PROGRAM,” which supports SMEs
in their Kenkokeiei®* (Health and Productivity Management);
Sustainability Management Support Program to encourage
SMEs’ efforts to tackle the SDGs; starting to provide “Dodai ?”an online service for managers of SMEs to gather and work on
resolving social issues together.
In March 2023, Daido Life formulated and announced their
Sustainability Promotion Plan aiming to become a company
that contributes to a society where the wellbeing of SME workers and their families is realized. Based on this plan, we will workwith SMEs to solve social issues and realize a sustainable society
through the continuous development of SMEs.
* The Japanese term for “Health and Productivity Management” refers to a corporate management style of paying additional attention to employees’ healthand strategically implementing policies aimed at employees’ health management and maintenance, and is a registered trademark of Non-Profit Organization
Kenkokeiei.

T&D Insurance Group Sustainability Report 2023 Digest Edition5

Priority Theme

Promote Healthy and Abundant Lives for All People
We will contribute to the sustainable growth of society and to the solution of social issues through theinsurance business by offering high-quality, optimal products and services that meet customer needs.

Initiatives by Taiyo Life

Initiatives by Daido Life

Product Development which Preempts the Changes of the Times

Proposal of a full range of protection

Taiyo Life is a life insurance company that provides the household market with comprehensive coverage including death benefit and medical/nursing care products. To help everyone live long andhealthy lives in the era of the 100-year life, we are developing a Preventive Insurance Series that supports customers’ prevention efforts through insurance. Taiyo Life sells products such as Himawari
Dementia Prevention Insurance to help people face the social challenge of dementia in a positive way
and live out their retirement years with peace of mind, and we have developed Cancer and Critical
Illness Prevention Insurance as a product that leads to early prevention and early detection of cancer
and critical illnesses. These products have been well received by a wide range of customers from the
middle age generation to senior citizens.

Daido Life is a life insurance company that specializes in the SMEs market. It provides products andservices that take into account changes in the environment surrounding SMEs, and has signed upsome 370,000 corporate clients.
There are many cases in which SMEs rely on the reputation and technical capabilities of thebusiness owners themselves for their viability. For this reason, continuation of the business sometimes becomes difficult in the case that the business owner dies or becomes unable to work due toa major illness or injury, etc. In preparation for this kind of situation, Daido Life calculates the funds
necessary to protect the company and family (“standard coverage” and “living support funds”) to
propose reasonable integrated coverage for the corporation and individuals.

Initiatives toward support for the resolution of the management issues of SMEs

Delivering Peace of Mind to Families

Taiyo Life is working on various reforms and improvements to provide customers with peace of mind.
The company proactively recommends the family members of a senior customer to be present when
he or she concludes a contract to prevent misunderstanding, and uses video calls to confirm intentions
and confirm application details. In addition, the “Family Registration Program” has been adopted incase it is impossible to contact a customer due to various reasons, such as dementia and hospitalization. The system encourages prior registration of contact information of customers’ family members.
When a payment is to be made, office workers with specialized knowledge visit customers and/or their families directly to help them with theprocedures for claiming benefits as part of our
Kaketsuke-Tai Service. We also offer the “Taiyo
Life My Page”, a dedicated Web portal for customers through which they can complete the procedures for claiming benefits and various otherprocedures in a completely paperless manner.

Daido Life provides a variety of support services to help solve the management issues of SMEs. One
such program is the “KENCO SUPPORT PROGRAM,” which aims to support the implementation ofhealth-oriented management by SMEs. It is a comprehensive program targeted at SMEs that supports continuous implementation of the PDCA cycle necessary for health-oriented management. This
includes assisting companies in encouraging employees to go through health checkups, risk analysis
of development of lifestyle disease, etc. for individual SME owners and employees, visualization of
the company’s overall health status, and provision of health promotion solutions and incentives that
promote continuous health improvement efforts.
Communication of management’s
message on health andproductivity management

Declaration of healthand productivity
management
Promotion
Incentive
Providing preferentialof healthpricing for health-related
checkups
Points program offers
points for health actions

products and services

Visualization of daily activity

Healthpromotedsolutions

Dietary management andadvice from nutritionist

Online medical/
employment
consultations

Analysis andunderstandingof health risks

Introduction of health checkup
institution and reservation by proxy
History management ofhealth checkup results
Stress check“Health Future Forecast” predicts therisk of developing
lifestyle-related diseases in the future“Health and Productivity Management Report”
captures the health status of the company as
a whole and supports employee health andproductivity promotion and improvement

T&D Insurance Group Sustainability Report 2023 Digest Edition

6

Priority Theme

Promote Healthy and
Abundant Lives for All People
Initiatives by T&D Financial Life

Initiatives with Pet & Family Insurance

Provision of Asset Formation Products and Initiatives for Improving Customer Service Quality

Insurance Protection for Precious Family Members

T&D Financial Life is a life insurance company that specializes in selling life insurance through financial institutions and other agents. Mainly for senior customers, it provides asset formation products
for supporting a comfortable post-retirement life through the preparation of post-retirement expenditures and the need for protection of bereaved family members and other needs.
In April 2022, we launched Hybrid Tsumitate Life, which enables investors to build assets while
diversifying over time by steadily accumulating andmanaging funds every month, and in April 2023, welaunched Fiveten World 3, which was renewed witha new yen-denominated plan.
In addition, T&D Financial Life opened a new
official LINE account in January 2023 to further
improve customer satisfaction. By linking theirLINE and internet service IDs, customers can now
easily log in and use the service without enteringa password.

More pet owners recognize their pets as family members, and therefore interest in pet healthcare andits associated costs is growing. With our Pet & Family Insurance, we have taken these circumstances
into consideration and have worked to address needs concerning pet healthcare costs. We provide
Genki Number One Smart, Genki Number One Slim, and Genki Number One Best, products that compensate for a portion of the cost of treatments for pets at veterinary clinics due to illness or injury.
These products, which were launched on the transfer market starting in October 2022, help to ensurethat pet owners can receive veterinary treatment for their pets with peace of mind.
Pet & Family Insurance has posted on its website information for enriching pets’ lives. The website
also features special contents titled “Pet News Storage” that introduce questions closely related topets’ lives in an easily understandable fashion. It is regularly conveying information on various subjects
related to pets in an attempt to deepen understanding of pets, which are precious family members. In
March 2023, the number of articles topped 335.

Initiatives by T&D Asset Management
Contributing to the Promotion of a Healthy Society through Investment

T&D Asset Management is the asset management company of the T&D Insurance Group. To
ensure the long-term growth of the assets entrusted to the company by our customers, the active
management of Japanese equities by T&D Asset Management emphasizes the analysis of not justfinancial information but also non-financial information such as ESG (environmental, social andgovernance) factors.
In particular, the “T&D Japanese Equity ESG Research Fund,” which makes selective investments
in companies that excel from an ESG viewpoint, has set “health, safety and security” as a materiality
when evaluating investee companies, and actively invests in companies that contribute to solvingsocial issues related to people’s health. Furthermore,when T&D Asset Management analysts conductmateriality-driven dialogues with investee companies, they encourage the companies to take action
to resolve social issues and contribute to building asociety where people can live healthy and prosperous lives.

T&D Insurance Group Sustainability Report 2023 Digest Edition7

Priority Theme

Provide Workplace Environments that
Enable All People to Participate Actively
We pursue human resources development by respecting the human rights of all people and the personalities and diversity of our employees and by ensuring a healthy and safe working environment.

Human Capital Management

Global Human Resources Development

Human Resources Development Policy

Taiyo LifeAt the T&D Insurance Group, we believe that our human resources, working side-by-side, are themost important driving force behind our business activities to fulfill the T&D Insurance Group’s corporate philosophy. Since its foundation, the Group has promoted the nurturing of a corporate culture
where a diverse workforce can feel job satisfaction and reach its potential and has established the
Basic Group Policy on Human Resources which aims to clarify the basic policy for human resource
management within the Group.

Taiyo Life is dispatching employees overseas in order to develop personnel capable of successfully
working on a global level. In addition, it dispatches a number of employees to the asset managementcompanies overseas to acquire high-level asset management knowledge.

Daido Life

In order to nurture global talent through diverse experiences, Daido Life offers employees the opportunity to undertake internships at overseas companies.

Initiatives to Provide Opportunities for Growth

Systematic Personnel Rotation

The three life insurance companies conduct education andtraining, primarily through OJT (on-the-job training), grouptraining, support for personal development, and reskilling/
relearning. Each Group company encourages autonomous
career development by each employee, by actively helping
them to acquire qualifications and offering a diverse curriculum, including correspondence education, online courses, ande-learning, according to their educational plans.

T&D Insurance Group implements systematic rotation taking into account the career aspirations,ability, and suitability of each individual to ensure that each employee can make maximum use of
the skills they possess.
Young employees are assigned to different parts of the organization and different job areas fora certain period after joining the company. By moving between the head office and branches, as well
as sales and administration, these employees work to acquire basic knowledge and hone their skills.
Similarly, with regard to management staff, employees who have experience as head office division
managers are put into positions such as branch general managers, while branch managerial staff areassigned to the head office, with the aim of improving their managerial capabilities. In addition, employees are assigned to highly specialized departments in accordance with their own characteristics, experience, and career aspirations, and they are developed into staff possessing specialized knowledge basedon their operational experience and the development plans created for each division.

In-house Recruiting
Taiyo Life, Daido Life, T&D Financial Life

Under this system, employees can take up various challenges, such as application for dispatch tocompanies outside of the Group, positions of their choice, MBA programs, and application for dispatch to business schools.

Provision of Reskilling and Relearning Opportunities
Taiyo Life, Daido Life, T&D Financial Life, T&D Asset Management

We provide time- and location-independent online learning materials to encourage the acquisitionof knowledge and skills by employees who wish to develop themselves.

Promoting the Active Participation of the Elderly
The Group’s three life insurance companies have introduced areemployment system for employees who are reaching the mandatory retirement age. Also, in order to promote work style reform,
we are working to give older people the opportunity to actively
participate, and each Group company has introduced various systems according to its particular situation. Also, Taiyo Life holds life
planning seminars for employees before they reach the mandatory
retirement age, to give them an opportunity to think about the way
they want to work and live in the future.
T&D Insurance Group Sustainability Report 2023 Digest Edition8

Priority Theme

Provide Workplace Environments that
Enable All People to Participate Actively
Diversity Promotion Initiatives

LGBT-friendly

Initiatives to Support Active Participation of Women
The Group recognizes that enabling women to further
reach their potential is an important driver of sustainable growth in corporate value, and that their active participation is a crucial management priority for the Group.
With this in mind, the Group’s three life insurance companies are working to revise their respective personnel
and compensation systems, as well as introducing various support systems to enhance employees’ work-lifebalance, including balancing work with childcare andnursing care. In addition, by fostering a Group-wide collaboration to reduce total working hours and encourage
male employees to take childcare leave, we are making
an effort to create rewarding workplace environments
where everyone is motivated to play an active role.

Targets set for promoting female
employees to management positions

Ratio of female managers
Maintain 30% or over
(By April 2030)

Ratio of female managers(Total of the three companies)

16.2% 17.0%

17.9%

19.1%

21.9%

Taiyo Life

Worker-friendly Work Environment
Work-Life Balance Initiatives
All three of the Group’s life
insurance companies have obtained
the “Platinum Kurumin” mark, as
have T&D Asset Management and
T&D Information System.
チ
プ ラ ナくるみチ
プ ラ ナくる
み

ん

ん

サ

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ト して いまて子育The T&D Insurance Group companies are strengthening
various initiatives, including enhancement of childcare
leave and other systems, reduction of total working hours,
and introduction of the home-based work system andsatellite office work system to enable diverse work styles.
Accordingly, employees can make full use of their skills
and increase their performance at work, while fulfilling
their responsibilities at home, such as housework, childcare, and nursing care. We are encouraging men as well
as women to participate in childrearing, and the percentage of male employees taking childcare leave has reached100% at the three life insurance companies.

て子育

To support balancing work with nursing care and injury
April
April
April
April
April
or illness, in addition to the traditional system of taking
2021
2019
2020
2023
2022
time off to focus on nursing care and treatment, in April
2020 Taiyo Life introduced a new system that lets employees work only three or four days a week
if they need to take time off to provide nursing care or undergo treatment, and added cancer to thescope of hospital leave. Moreover, in January 2021 the company made it possible for workers to taketime off in units of 10 minutes to look after their child if they have fallen ill or for nursing care andfrom April 2022 use of hospital leave in units of 10 minutes also became possible.

Underpinned by its basic approach to respecting human rights expressed in the T&D InsuranceGroup’s Human Rights Policy, the Group strives to develop a workplace environment in which eachand every employee can fully realize their own potential. From the viewpoint of diversity, each Group
company is addressing LGBT (sexual minorities) issues by running training sessions and setting up
consultation desks.
Also, The T&D Insurance Group’s three life insurance companies have also started to allow
policyholders to designate same-sex partners as beneficiaries of insurance benefits, just like for a
spouse, by submitting documents showing that the two people are in a partnership, such as a partnership certificate issued by a local government.

サすDaido Life

Daido Life is working to support the career formation of female employees and improve managers’
capabilities in supporting them through measures that aim to boost career mindsets and put inplace a comfortable workplace environment. We launched a “Dokodemo Honsya” remote work initiative that allows employees to work on the head office tasks regardless of their location, whether
at home or in rural areas, to expand their career options. In April 2021, one new female executive
officer was appointed, and the first female executive officer appointed in April 2018 was appointed
as Director and Managing Executive Officer in June 2021.

Child Care, Nursing Care, and Paid Leave Utilization by Three Life Insurance Companies
Number of employees
taking childcare leave

Number of employees
taking nursing care leave

Average number of paid
leave days taken

T&D Financial LifeGroup training is held regularly on topics such as Communicating with
the People around You, Demonstrating Leadership, and Guiding and
Nurturing Subordinates and Juniors, with the aim of allowing female
employees to envision the type of leader they should become, andto acquire the skills necessary to do so.

FY2021

Women:Men:

FY2022381 Women: 405
82 Men:80

FY2021

FY2022

FY2021

FY2022

3

1

16.5

16.7

T&D Insurance Group Sustainability Report 2023 Digest Edition9

ポー

ト して いますGroup Employee Dialogue

A Diverse Workforce Engages in Challenges andDiscoveries to Achieve Sustained Growth

What are your thoughts after transferring to a different company within the Group?

Moderator

Yukako Fukui

T&D Holdings,
IR Division
Deputy Manager(Original company: Taiyo Life)
Joined: 2015

value of the Group through advancements in asset management
and improved returns on investment.
Fujita The closed book business has accounted for 20% of theGroup adjusted profit in recent years. This fact has made me realizethat it’s becoming an increasingly important part of elevating ourcorporate value.
Koike I believe that embracing new approaches and tools to discover business potential in unexplored areas will enhance corporate value.
Ishikawa Seeing the number of LINE users increase and witnessing the tangible effects of going paperless makes my job more andmore satisfying.

Akira Koike

All Right,
Corporate Department and Sales &Marketing Department
Deputy Manager(Original company: T&D Financial
Life)
Joined: 2017 (Mid-career entry)

Yuko Ishikawa

Pet & Family Insurance,
Contract Maintenance
Department
Manager(Proper Employee)
Joined: 2011

At T&D Insurance Group, we are committed to promoting the mobility of talent within the Group. For this dialogue, we spoke to key individuals active across our various Group companies, irrespective of thecompanies at which they originally worked. The discussion centeredaround the differences in each company’s culture and what needs tobe done to further advance our integrated Group management.

Could you please tell us about your work
responsibilities?
Ishikawa I work on contract maintenance at Pet & Family Insurance.
I also handle the planning of LINE content, improvements to thefunctionality of our user portal, service expansion, and the shift
toward paperless operations via systematization.
Koike I am currently on a temporary transfer to All Right from T&D
Financial Life. All Right was opened in October 2022 with the objective of creating a new customer base using digital tools. At present, I am responsible for identifying suitable partner companies andYuki Hiratsuka

T&D Asset Management,
Investment Management
Department
Manager(Original company: Taiyo Life)
Joined: 2015

Keiichi Fujita

T&D United Capital,
Business Development Department
T&D Holdings, Business Development
Department
Manager(Originally from: Daido Life)
Joined: 2003

working on plans and proposals targeted toward them.
Hiratsuka I am part of the Investment Management Department at
T&D Asset Management, where we manage assets delegated by Taiyo
Life and Daido Life. My duties mainly involve selecting and monitoringoutsourced investment managers, as well as consideration of investment instructions and allocation of investment funds based on theexternal environment and performance.
Fujita I am stationed in the Business Development Department ofboth T&D United Capital and T&D Holdings. My primary responsibilities include advancing our closed book business centered around
Fortitude, a reinsurance holding company, as well as considering newpartnerships and M&A opportunities.

Could you discuss the connection between the gratification you get from your work and the improvementof corporate value?
Hiratsuka I believe I'm contributing to enhancing the corporate

Ishikawa Our company has employees who were transferred fromother companies within the Group and individuals with a variety
of professional experiences. This allows for views to be exchanged
from multiple perspectives, which I find very enlightening. Moreover,in terms of utilizing digital technology, I share similarities with Mr.
Koike of All Right, and I felt we could exchange ideas on how to
anticipate the trends of the times and customer needs.
Koike As Ms. Ishikawa pointed out, we both face similar challenges
when it comes to utilizing digital tools. At All Right, we employ outside specialized human resources with abundant skills and experience in areas such as social media management and data analytics.
We conduct our operations while availing ourselves of their expertise as needed.
Hiratsuka Being in charge of new responsibilities makes me feellike I’m expanding my horizons. Another revelation from my experience in moving within the Group is that, even though we arepart of the same Group, the corporate culture can differ considerably from one company to another in terms of mindset and work
methodologies.
Fujita I was transferred from Daido Life. T&D United Capital andthe Business Development Department at T&D Holdings consist of
individuals from a diverse range of backgrounds, including mid-career hires. Everyone brings different perspectives and approaches tothe table. In fact, this experience often makes me rediscover aspects
about the company I originated from. Additionally, the closed book

T&D Insurance Group Sustainability Report 2023 Digest Edition

10Group Employee Dialoguebusiness receives a high degree of attention from various stakeholders, including shareholders and investors, which I find to provide avery stimulating environment.

What differences have you felt among the Group
companies?
Hiratsuka Taiyo Life seems to emphasize a top-down approachthat leverages the strength of the organization, while Daido Life
seems to focus more on a bottom-up culture that values individual
capabilities.
Fujita For instance, even with documents that share the same
purpose, I've noticed stark differences in focus and layout between
Taiyo Life and Daido Life. I’ve been reminded of the fact that it’s nota matter of which is correct, but about learning from each other,which makes the integration of the Group even more meaningful.
Hiratsuka As Mr. Fujita mentioned, I believe it's crucial to figureout how departments can work together and deepen collaboration
across the Group and beyond.
Fujita I think the environment at Holdings is extremely conducive to that effort. As we all work toward achieving the mission of
the T&D Insurance Group, everyone has come to understand theimportance of integrated Group management on a personal level.
Ishikawa At Pet & Family Insurance, we have been learning various methods and know-how from those who transferred from Taiyo
Life and Daido Life, which has been instrumental in streamlining ouroperations. However, after hearing everyone’s thoughts, I believethat new insights could be gained if we were to look at our company
from an external viewpoint or gain outside experience. So I'd welcome opportunities for our staff to be transferred to other companies within the Group.
Koike I believe a large part of the cultural differences stems fromthe distinct business models of each Group company. All Right is a
new venture. We aim to create new value by leveraging the uniqueknowledge and experience of each Group company.
Ishikawa To be frank, before becoming a manager, I was solely
focused on the task at hand and didn’t give much thought to theother companies within the Group. However, after becoming amanager and having the opportunity to interact with individuals from other Group companies during training sessions, I was

exposed to a variety of opinions. I wish I had been more consciousof the importance of integrated Group management even before
stepping into a managerial role.
Fujita Last year, I participated in the Group's internal IR activities
for the first time. Hearing first-hand from the management about
the current conditions and challenges facing the Group served as an
excellent opportunity for me to reevaluate my own work in the context of integrated Group management. During these activities, I also
sensed differing viewpoints among participants from various Group
companies. I believe that if Group companies were to come together
for discussions, it would enhance mutual understanding and potentially give rise to new opportunities.
Hiratsuka The first step in integrated Group management is to get
to know your colleagues across the Group. A quick fix I've considered is making effective use of our Group newsletters. Why not havemore articles that focus on the challenges faced by various departments or head office departments? This could inform the Group asa whole about each company’s efforts to improve corporate value.
Koike During my assignment at All Right, I’ve had the opportunity to work with people from various Group companies, which has
made me aware of the diverse cultures and work styles that exist.
I believe it is essential to learn about the kind of people who workin other Group companies and what they are working on throughnewsletters or other methods.

the company. This creates a culture where change is driven by fresh
ideas from everyone, and I think that should be leveraged as one of
our strengths.

Finally, could you share your future aspirations?
Ishikawa By aligning my actions with the vision and philosophy
being pursued through integrated Group management, I aspire forboth the company and myself to achieve significant growth.
Koike I acknowledge that it’s All Right’s responsibility within theGroup to explore new markets. I want us to provide a wide rangeof services through the use of digital tools and give each customer
one-on-one attention.
Hiratsuka In addition to contributing to the improvement of theGroup’s medium- to long-term investment revenue, I want to be
actively involved in the government’s initiatives for advanced asset
management, as well as in strengthening and expanding our investment advisory business.
Fujita The closed book business is a new area in which global
expansion is highly anticipated. In addition to speeding up our initiatives as a part of the Group’s overall growth strategy, I want tofocus on developing our organizational structure and nurturing thenecessary human capital.

What do you think are the strengths of the T&D
Insurance Group?
Hiratsuka Our Group’s insurance companies target both households and businesses, which I believe places us in a unique position
to be highly responsive to societal changes. Because we are not a
massive Group, I feel there's this strong sense of urgency that wemust adapt to market changes to survive.
Fujita Among life insurance companies in Japan, our Group was
one of the first to engage in the closed book business. I see this as amajor strength that we should continue to capitalize on.
Koike I think one of the Group’s strengths is that each Group company operates under a different business model.
Ishikawa I feel that our Group is one where everyone’s opinions areheard and fed back into management, regardless of their position in

T&D Insurance Group Sustainability Report 2023 Digest Edition11

Priority Theme

Help Mitigate and Adapt to Climate Change
Through our own business activities as a provider of insurance products and services to customers, wewill contribute to climate change mitigation and adaptation and work to achieve a net-zero society andpreserve biodiversity.

Disclosure of Climate-related Financial
Information Based on the TCFD Recommendations

Climate change is an issue to be addressed on a global scale. The effects of climate change have significant impacts on the lives of people, through changes in economic behaviors and society worldwide.
The T&D Insurance Group has expressed its support for the TCFD recommendations, and is actively
committed to disclosing climate-related financial information in an easy-to-understand manner.

Governance
The Board of Directors has established the Group SDGs Committee as a subordinate body. The
Group SDGs Committee, chaired by the Representative Director and President, establishes basic
policies regarding the Sustainable Development Goals (SDGs) other global environmental and social
issues, as well as targets and measures to address climate change. Under the supervision of theBoard of Directors, the Committee monitors the progress of efforts every half a year and reports
thereon to the Board of Directors. The Group SDGs Committee has established the Climate Change
Risk Subcommittee, the SDGs Promotion Working Group, the ESG Investment Subcommittee, andthe Sustainability Advisory Committee as subordinate bodies.

Risk management
The Group exhaustively classifies the risks it faces by risk category, identifies and assesses theserisks, and prioritizes initiatives by considering factors such as each risk’s significance, potential
impact, and current status of control, which are then reflected in management plans, as necessary.
In order to identify and grasp newly emerging risks, as well as changes in risks that have already been
identified, a review of the risk profile is carried out twice per year, and reported to the Group Risk
Management Committee and the Board of Directors.

Metrics and Targets
The Group’s environmental protection-related targets are “to reduce CO2 emissions,” “to reduce
electricity consumption,” “to reduce office paper consumption,” and “to improve the green purchasing ratio,” and we are working to achieve them in our daily business activities.
Roadmap to achieving net zero
2020

Strategy
TargetScope 3(Category 15)2025
40% reduction

Scope 1,2

Scenario analysis

We carried out an analysis based on the “1.5°C scenario” and the “4°C scenario” in order to assess theimpact of climate change risk (physical risk*1 and transition risk*2) on the Group.

2021(compared to FY2013)

Set 2050
net-zerotarget40% reduction(compared to FY2020)*1	Business risks associated with natural disasters caused by extreme weather such as typhoons and floods, and those associated with phenomena such as an increase in the average temperature and a rise in the sea level*2	Business risks arising from the actions of governments, corporations, and consumers in the process of carrying out the transition to a low carbon/decarbonized society (through a significant reduction of greenhouse gas emissions)

Promoterenewableenergy60% renewableenergy2030

2050
Net zeroNet zero100%
renewableenergyBusiness Opportunities for the Group

Changes in the morbidity rate and average life expectancy associated with the progress of global
warming are expected to give rise to needs for protection against emerging risks. There are opportunities to expand net sales of the insurance business, by expanding and providing a wider scope ofprotection in order to meet such emerging needs.

T&D Insurance Group Sustainability Report 2023 Digest Edition12

Priority Theme

Help Mitigate and Adapt to Climate Change
Environmental Impact-reduction Initiatives

The T&D Insurance Group has set Group-wide targets related to environmental protection, and is
working to achieve these targets in the course of its daily business activities.

CO2 emissions
More than 90% of the Group’s CO2 emissions (Scope 1+2) come from electricity consumption. We
are striving to reduce CO2 emissions by curbing electricity consumption and promoting the introduction of renewable energy.
Baseline: CO2 emissions in 2013 (value per unit of floor space) = 0.0674 t/m2
Target: Reduction by at least 40% from baseline by FY2025
Scope: Buildings owned or leased and used by Group companies. Owned buildings include tenant usage;
only the leased area is applied for leased buildings.
Baseline (FY2013)
CO2 emissions (Scope 1+2)

FY2022

59,908 t

41,199 t

Total floor space

888,529 m2

946,852 m2

Per unit of floor space

0.0674 t/m2

0.0435 t/m2—

64.6% (-35.4%)

Compared to baseline

Forest Conservation Activities

Taiyo Life conducts forest conservation activities, including the establishment
of “Taiyo Seimei no Mori” (the Forests of Taiyo Life) in Nasushiobara (Tochigi
Prefecture) and Takashima (Shiga Prefecture).
The Nasushiobara project was launched in March 2006. In cooperation
with the Enna District Forest Office and others, we conduct forest improvement activities including forest thinning and the maintenance of walking
trails. We also invite members of the Japan Down Syndrome Society andtheir families to take part in a forest studies class experience.
Our second corporate forest “Taiyo Seimei Kutsuki no Mori” (Kutsuki
Forest of Taiyo Life) was established in Takashima, Shiga Prefecture in
November 2007. This project involves forest improvement activities, including the improvement of forest roads and the clearing out of fallen needles in
red pine forests.
In September 2022, Taiyo Life joined the 30by30 Alliance for Biodiversity led
by the Ministry of the Environment.

Electricity Consumption
In addition to the power-saving activities, we are endeavoring to implement a multitude of measures
to reduce electricity consumption, such as introducing a power demand monitoring system for controlling peak-time use in each building and setting no overtime days. Furthermore, we encourage
employees to put their computers into standby mode when they are away from their desk and turnoff multifunction machines when leaving offices.
Baseline: Electricity consumption in FY2016 (value per unit of floor space) =111kWh/m2
Target: Reduction by at least 10% from baseline by FY2027
Scope: Buildings owned or leased and used by Group companies. Owned buildings include tenant usage;
only the leased area is applied for leased buildings.
Baseline (FY2016)
Electricity Consumption
Total floor space
Per unit of floor space
Compared to baseline

FY2022

97,223 MkWh

93,548 MkWh

875,682 m

2

946,852 m

111.0 kWh/m

298.8 kWh/m—

89.0% (-11.0%)

22Name of forest
Date ofestablishment
Area

CO2 absorption“Taiyo Seimei no Mori”“Taiyo Seimei Kutsuki no Mori”

March 2006

November 2007

Approx. 4.8 ha

Approx. 12.7 ha

19 t(Estimate by the Forestry Agency)

87 t(Estimate by Takashima City)(the Forests of Taiyo Life)(Tochigi Prefecture)(Kutsuki Forest of Taiyo Life)(Shiga Prefecture)* The reduction target is based on the premise that the CO2 reduction target of the Federation of Electric Power Companies ofJapan is achieved. It is equivalent to the reduction target (services/commercial buildings sectors) based on the scientific ground,combined with the relevant portion.

T&D Insurance Group Sustainability Report 2023 Digest Edition13

Priority Theme

Invest to Help Build a Sustainable Society
As a responsible institutional investor, the Group will secure stable long-term investment income and contributeto the realization of a sustainable society through investment activities undertaken in consideration of the environment, society, and corporate governance, with the aim of growing sustainably in partnership with society.

Our Initiatives as a Responsible Institutional Investor

Specific ESG Investment Initiatives

Signing of the Principles for Responsible Investment (PRI)

Utilization of ESG issues in the asset management process (integration)

Taiyo Life, Daido Life, and T&D Asset Management have signed thePrinciples for Responsible Investment (PRI)*, which is supportedby the United Nations.

Taiyo Life and Daido Life aim to improve long-term investment results and realize a sustainable
society by incorporating analysis and evaluation of ESG and other non-financial information when
making investment and loan decisions.

* The Principles for Responsible Investment (PRI) are a code of conduct for the global financial industry that was proclaimed by

Kofi Annan, the secretary-general of the United Nations in 2006. A commitment to these principles has been signed by over
5,000 financial institutions worldwide, and by 124 in Japan (as of August 2023).

Taiyo LifeAs an institutional investor, Taiyo Life signed the PRI in March 2007 in the belief that it is essential
to exert its influence for the betterment of society and the global environment through investment
and lending activities to a greater extent, and to contribute to the realization of a sustainable society.
Taiyo Life gives due consideration to ESG issues, namely, environmental (E), social (S), and governance (G) issues, and promotes asset management to achieve a sustainable society.

Daido Life

Daido Life became a signatory in November 2016. The company is promoting lending and investment that aims to supply funds to companies and businesses that contribute to solving climatechange and the development of social infrastructure. The company is also carrying out initiatives
regarding asset management that incorporates ESG factors such as company analyses of investment processes.

T&D Asset Management

T&D Asset Management, to fulfill its responsibilities of being entrusted
as an institutional investor that manages investments, signed the
PRI in March 2012. Fully grasping the status of investee companies, including ESG issues, the company is committed topursuing the sustained growth of these companies, particularly through holding constructive dialogues with them andthrough the exercise of voting rights, with the aim of increasing
medium- and long-term investment returns.

Environmentally and socially conscious real estate investment
We are making an effort to take the environment
and local communities into consideration wheninvesting in real estate. While paying consideration to the beautification of cityscapes and harmony with the surrounding area, in addition toproviding places for relaxation and refreshment,
we continue to implement energy-saving initiatives, such as installing highly energy-efficientequipment (air conditioners, etc.) in our properties. We are also working to attract private
assisted living facilities that utilize our own realestate properties.

“Icoi Lounge” on the 2nd floor of Daido Life
Sapporo Building

As a place to gather and relax for citizens, a spacious
lounge with trees has been established on the second
floor of the building. In the event of a disaster, it will accept
people who are unable to return home.

Negative Screening
We have introduced a negative screening method that excludes companies and businesses frominvestment and lending if they are unfavorable from the viewpoint of ESG.

Attitude towards investment and financing for businesses with large environmental impact

Because the consumption of fossil fuels is one of the major factors driving environmental problems
such as climate change and air pollution, it is the Group’s policy not to make any new investments orloans to coal-fired power generation projects or coal mining projects. It is also our policy not to makeany new investments or loans in oil and gas extraction projects in the Arctic (areas north of 66°33'N)
where the impacts on climate change and the ecosystem are high, or in oil sands extraction projects,
which pose a major environmental burden during extraction and refining.

T&D Insurance Group Sustainability Report 2023 Digest Edition14

Priority Theme

Invest to Help Build a Sustainable Society

ESG-themed investment and financing
The three life insurance companies (Taiyo Life, Daido Lifeand T&D Financial Life) take ESG issues into account inmaking investment and financing decisions and focus theirloans and investments on themes that contribute to creating a sustainable society.

ESG-themed investment
and financing balance(¥ billions)

530

840

640

Investment and financing for energy projects

We provide funds for investment in large-scale wind andsolar power generation projects that can contribute to global
environmental protection and energy conservation and provide loans (project finance) for energy efficiency projects.
Through these initiatives, we are working to combat global warming and contributing to improved energy
self-sufficiency.

FY2020

FY2021

FY2022CO2 emission reduction targets for investees and borrowers
As a responsible institutional investor,
the T&D Insurance Group has set emission reduction targets for CO2 emissions
from its own investees and borrowers(Scope 3, Category 15) as shown on theright.

CO2 emission reduction targets for T&D
Insurance Group’s investees and borrowers
FY203040% reduction (compared to FY2020)

FY2050Net zero* Covers stocks, bonds, and loans held by Taiyo Life and Daido Life thatwere issued by listed companies in Japan
Reduction targets are set on a per-unit basis (CO2 emissions per unitof investment)

Efforts to Achieve Targets
Taiyo Life and Daido Life engage continuously with investees and borrowers on the theme of climatechange to reduce CO2 emissions and achieve net zero, and provide financial support to investees
and borrowers who are tackling climate change issue through initiatives for financing projects that
use the funds for investments in decarbonization.

Impact investing for solving social issues

We engage in “impact investing,” which seeks not only togenerate returns on investments, but also to create positive
impacts on social and environmental issues. We invest in
impact funds that aim to achieve both investment returns
and social impact, including an infrastructure fund thataims to reduce total CO2 emissions through investment
in renewable energy power generation projects; a private
equity fund that invests in companies engaged in education, healthcare, food, agriculture, climate, environmental
conservation, and other fields to solve social issues; anda bond funds which seek to create impact through investment in global green social bonds, etc.
In 2022, Daido Life received Excellence Award at 2022
Sustainable Finance Awards (sponsored by the ResearchInstitute for Environmental Finance) in recognition of its
investment in the impact bond fund “BlueOrchard Impact
Bond Fund – Blue I.”

Addressing the Issue of Climate Change

Dialogue with investees and borrowers

Hamasato Wind Farm

Photo courtesy of Eurus Energy Holdings
Corporation

We are requesting that our investees and borrowers with the highest CO2 emissions improve theirinformation disclosure, including publishing emission reduction targets and roadmaps for achieving
the targets. In addition, we support the long-term efforts of investees and borrowers by exchanging
opinions and sharing knowledge on how to reduce emissions.

Financial contributions through ESG-themed investment and financing

As an institutional investor who manages long-term funds, the Group believes that it is possible to provide stable funding to investees and borrowers who promote long-term solutions to climate change
and other issues. We support companies tackling climate change issues from a financial standpoint byactively investing in “green bonds,” “transition finance,” and similar instruments that use the funds forinvestments aimed at decarbonization.

CO2 emissions of investees and borrowers
The BlueOrchard Impact Bond Fund - Blue I
invests in social bonds and other instrumentsthat use loans to create jobs at SMEs in areas
with limited access to financial services.
Photo courtesy of Blue Orchard

At the end of FY2022, CO2 emissions based on our investee and borrower portfolio (covering stocks,
bonds, and loans held by Taiyo Life and Daido Life that were issued by listed companies in Japan)
amounted to 1,989,000 tons. On a per-unit basis, which is how our interim targets toward net zeroare defined, emissions were 0.76 tons per million yen, a 33.3% reduction from FY2020.
We will continue to make steady efforts to achieve our targets, and we will also consider
expanding the number of assets subject to emission measurement, with a view to extending our
response to climate change issues to our entire portfolio.
T&D Insurance Group Sustainability Report 2023 Digest Edition

15

SocialActivities

As a Group engaged in the life insurance business with its highly public
and social nature, the T&D Insurance Group implements a variety of initiatives for social activities and conserving the environment. Our ultimate
aim is to achieve sustained growth in step with society in view of ourcommitment to fulfilling our public mission and meeting our social
responsibilities. To that end, our efforts focus primarily on “improving
health, medical care and welfare” and “developing a sound society.”

T&D Insurance Group

Daido Life

Litter cleanup activities using Pirika, the anti-litter social media app

Supporting Sports for People with Disabilities

The T&D Insurance Group promotes cleaning activities aspart of its initiatives aimed at resolving social issues. In July
2023 we started using Pirika, the anti-litter social media
app, to revitalize and quantify our litter cleanup activities. Pirika won the Grand Prize at the sixth Nikkei Social
Business Contest, which we co-sponsored.

The inaugural National Sports Games for People with Intellectual
Disabilities* was held in 1992, when Daido Life celebrated its
90th anniversary, and the company has been a special sponsorof the National Sports Festival for People with Disabilities every
year since. Every year, Daido Life sets up a company booth in the
Omotenashi Hiroba (Hospitality Plaza), a venue for interacting withparticipating athletes, where people with disabilities can enjoy
sports experiences and free games; executives and employees
from Daido Life, Taiyo Life, and other affiliated organizations work as volunteers to support this event. In
2022, the 22nd National Sports Festival for People with Disabilities was held in Tochigi Prefecture.
* In 2001, the National Sports Games for People with Intellectual Disabilities was integrated with the National Sports Games for
People with Physical Disabilities to become the National Sports Festival for People with Disabilities.

Taiyo Life

T&D Financial Life

Supporting the Japan Down Syndrome Society

Official Partner Agreement Concluded with Japan Deaf Football Association (JDFA)Taiyo Life and members of Taiyo Life Goodwill Circles
support the activities of the Japan Down Syndrome
Society by interacting with it.

T&D Financial Life signed an official partner
agreement with the Japan Deaf Football
Association in June 2018. As an official partner, T&D Financial Life will contribute to thedevelopment and spread of deaf soccer andfutsal, by supporting the activities of the Japannational deaf soccer and futsal teams, and promoting sports for persons with disabilities.

Main Activities• Support activities as a supporting member of theassociation.
• Provide Taiyo Life conference rooms for use asvenues for seminars held by the association andfor meetings of its Board of Trustees and Board of
Directors.
• Participation of the corporate officers and employees of branches and head office departments asvolunteers at association activities.

T&D Insurance Group Sustainability Report 2023 Digest Edition

16External evaluation

Principles That the T&D Insurance Group Endorses and Supports

Evaluation by ESG assessment organizations
International Index

Japan Index

MSCI ESG Research logo disclaimer: THE INCLUSION OF T&D Holdings, IN
ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICEMARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP,
ENDORSEMENT OR PROMOTION OF T&D Holdings, Inc. BY MSCI OR ANY OF
ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI.
MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS ORSERVICE MARKS OF MSCI OR ITS AFFILIATESUN Global
Compact

PRI

Principles for
Financial Action
towards a Sustainable
Society (Principles for
Financial Action forthe 21st Century)

TCFD

RE100

ClimateAction 100+

Major Awards, Commendations
Taiyo Life, Daido Life and T&D Financial Life
have been recognized as members of theCertified Health and Productivity Management
Organization White 500 (the seventh year in a
row for Taiyo Life and Daido Life).
• Received Excellence Award at the 8th Sustainable Finance Awards of the Research Institutefor Environmental Finance• Telephone support desk (point of contact for customers and agents) received the highest
rank of “3 Stars” in HDI-Japan’s 2022 “Quality Rating” benchmark• Received IT Award (Customer/Business Function Area) at the 2022 (40th) IT Awards of
the Japan Institute of Information Technology• Received the Empathy! award at the 2022 IR Awards of the Japan Investors Relations
Association

7-1, Nihonbashi 2-chome, Chuo-ku, Tokyo 103-6031, Japan Tel: +81-3-3272-6324
https://www.td-holdings.co.jp/en/

Easy to read universal design
fonts are used.

mail:csr@td-holdings.co.jp

Published in November 2023