Participation in Initiatives

In April 2019, we became the first Asian insurance company to adopt the Equator Principles, an international framework for considering environmental and social factors in project financing and related activities. In accordance with adoption of these principles, we are undertaking monitoring of compliance after carrying out loans, along with assessments on environmental and social impact in decision-making processes for project financing.

We signed the PRI in March 2017, as part of our commitment to realizing a sustainable society.
In the 2023 PRI assessment targeting 2022 activities, we scored the highest assessment grade 5 stars, in three modules: “Indirect - Listed equity - Active,” “Indirect - Fixed income - Active,” “Confidence building measures.” In addition, we scored a grade of 4 stars in the remaining two modules.
One of our executive officers has served as a member of PRI Board since 2021.

We signed the United Nations Global Compact in 2016. We support the universal principles on human rights, labor, environment and anti-corruption advocated by the United Nations, and will promote CSR initiatives for the sustainable growth of society.

In June 2020, we participated in the ESG Disclosure Study Group, which will carry out research related to the disclosure of ESG information.

In January 2023, we signed the Japan Impact-driven Financing Initiative, a collaborative initiative of domestic financial institutions that engage in impact-driven investment and financing*.
Through our signature to Japan Impact-driven Financing Initiative, we will share knowledge with other companies that support the initiative and will work to spread and expand impact-driven investment and financing, while contributing to the realization of a sustainable society.

In July 2019, we signed PFA21 advocated by the Ministry of the Environment.
We aim to contribute to the realization of a sustainable society throughout our business activities, and are developing various initiatives in line with these principles of conduct.

In December 2022, we joined Advance, an international initiative that seeks to solve human rights and other social issues through engagement with companies.
By joining this initiative, we are reinforcing our efforts to take into consideration the human rights risks of investee companies while obtaining the latest information on international trends regarding human rights and other social issues.

In 2013, we signed the WEPs, jointly developed by the United Nations Global Compact and the United Nations Development Fund for Women (UNIFEM; now UN Women).
Approximately 90% of our employees are women, and we actively promote the advancement of women, principled on the recognition that their success has a direct bearing on the sustainable growth of the Company.

In September 2023, we joined Triple I for GH. Endorsed at the May 2023 G7 Hiroshima Summit, Triple I for GH is an initiative calling for the promotion of the mobilization of private capital through impact investing for the purpose of resolving social issues in the field of global health.
By participating in Triple I for GH and sharing knowledge with partner organizations, we will work to promote and expand impact investment in the field of global health and will contribute to the resolution of socio-economic issues.

In March 2022, we became a supporter of the Collaboration Platform for Tackling Loneliness and Isolation, a platform for coordination among various support organizations, such as NPOs, and public–private partnerships related to loneliness and isolation.
Through this initiative, we will contribute to a society without loneliness or isolation.

In August 2022, we became a member of the Human Capital Management Consortium, which was established for the purpose of promoting both the practice and the disclosure of human capital management.
Through this consortium, we will work to strengthen human capital that continues to support customers and society.

In March 2023, we signed CDP, an international NGO that provides companies and investors with a global information disclosure system we manages important environmental information.
As an institutional investor, Nippon Life will promote efforts to achieve carbon neutrality by 2050 with the disclosed information and knowledge of CDP.

In July 2022, we joined Climate Action 100+, an international initiative with the aim of solving climate change through engagement with world's largest corporate greenhouse gas emitters.
Through our membership in CA100+, we will work together with domestic and foreign investors and obtain the latest information on trends in international climate change issues, while promoting initiatives that take into account the climate change risks of the companies in which we invest.

We have joined GFANZ, a global coalition of financial alliances committed to carbon neutrality by 2050. It was officially launched at COP26, which was held in Glasgow, U.K., in 2021.
GFANZ is composed of eight global financial alliances in different industries, including Net-Zero Asset Owner Alliance (NZAOA) and Net Zero Banking Alliance (NZBA), etc.

In October 2021, we joined the NZAOA, an international initiative related to climate change.
Through our membership in the NZAOA and by working with alliance members in Japan and abroad, we will obtain the latest information on scientific analysis related to climate change and GHG measurement methods and so forth that are being discussed in the internationalcommunity, and will enhance efforts to reduce GHG emissions in its investment portfolio.
One of our executive officers has served as a member of the Steering Group, the representative group of NZAOA members, since 2022.

In March 2022, we joined the PCAF, which is an international initiative to develop GHG emission measurement methods in asset management portfolios.
By joining PCAF, we will work together with financial institutions in Japan and abroad and engage in discussions on formulating GHG emission measurement rules, as it strives to develop sophisticated GHG emission measurement and disclosure methods using the knowledge and data held by PCAF. In these ways, we will implement measures to reduce GHG emissions in the investment portfolio.

We joined RE100, an international initiative comprising companies committed to sourcing 100% of the electricity used in their operations from renewable energy, in 2023.
We will continue to actively promote the adoption of renewable energy as a part of our efforts to achieve a sustainable society.

In February 2024, we joined Spring, an international initiative for nature, developed to contribute to the global goal of halting and reversing biodiversity loss through dialogue with companies facing challenges relating to natural capital and biodiversity.
By joining Spring, we are reinforcing our efforts to preserve natural capital and biodiversity and enhance dialogue with investee companies while obtaining the latest information on global movements related to challenges in the area of nature.

In December 2018, we endorsed the recommendations of the TCFD, which were established by the Financial Stability Board.
We will contribute to the formation of a sustainable society by enhancing disclosure of items related to climate change such as governance, strategy and risk management, endorsed under the TCFD recommendations, and encouraging our investees to disclose such items as an institutional investor (asset holder).

In December 2022, we endorsed the initiatives of the TNFD and participated in the TNFD Forum, an organization that supports the creation of an information disclosure framework.
By participating in this forum, we will promote initiatives related to the preservation of natural capital and biodiversity and work to enhance the disclosure of information.

We endorse the Ministry of the Environment's “COOL CHOICE” initiative. Under the Paris Agreement, Japan has set forth a goal of reducing greenhouse gas emissions in fiscal 2030 by 46% compared to fiscal 2013. “COOL CHOICE” is a national campaign to achieve this goal by encouraging people to make “smart choices” that contribute to global warming countermeasures, including energy conservation, services and specific actions. We support this effort, and are advancing eco-friendly initiatives in a variety of contexts, including conserving electricity in our offices.

In November 2022, we endorsed the Ministry of Economy, Trade and Industry's GX League Basic Concept, in which a group of companies collaborates with government and academia to undertake a green transformation (GX), aiming for social change and the realization of carbon neutrality by 2050.
We will contribute to the realization of worldwide carbon neutrality through discussions about market rule formation to reduce GHG emissions, CO2 emissions trading and so on.

In February 2020, we joined the Japan Climate Initiative, a network for strengthening the dissemination of information and the exchange of opinions among organizations such as corporations, local governments and NGOs who are actively taking measures to address climate change.

We endorse the Keidanren (Japan Business Federation) Declaration for Biodiversity. Nippon Life's biodiversity initiatives are among those listed on the website of the “Keidanren (Japan Business Federation) Initiative for Biodiversity Conservation.”

In May 2022, we joined Japan Hydrogen Association, a cross-industry organization working on social implementation of hydrogen-related technologies.
Through the collection of information on hydrogen technology and financial support at JH2A, we will support the efforts of society and companies to realize a hydrogen society that contributes to decarbonization, while aiming to transition to a sustainable society and securing investment returns.

We endorse the Ministry of the Environment's “Decokatsu” movement. In addition to implementing the Decokatsu Declaration, we are participating in the Decokatsu Support Team, a public–private partnership council for new national movement that is aiming to create a prosperous new life linked to decarbonization.

We are participating in “Challenge Zero (Challenge Net Zero Carbon Innovation),” which aims the early achievement of the Paris Agreement's goal of net zero greenhouse gas emissions.

We are a member of the 30by30 Alliance for Biodiversity, an organization that seeks to conserve and protect at least 30% of terrestrial and marine areas in Japan by 2030 to preserve biodiversity.
We are undertaking initiatives that promote the sustainable use of natural resources by 2030 with the objective of protecting biodiversity and achieving a sustainable environment.

We endorse the Ministry of the Environment's Project on “Connecting and Supporting Forests, the Countryside, Rivers and the Sea.”
We support the Project's objectives of having the entire nation “preserve the richness of our forests, countryside, rivers and oceans and draw from their bounty,” and of “creating a society in which each individual sustains the bounty of our forests, countryside, rivers and oceans.” We will promote environmental initiatives aimed at sustainable growth for society.