Declarations to Society and Participation in CSR Initiatives

To solve social issues on a global level, the collaboration of multiple organizations is indispensable.
The Sompo Holdings Group actively participates and endeavors to take a leading role in a wide variety of international and domestic initiatives.

United Nations Global Compact (UN GC)

Advocated by the then UN Secretary-General Kofi Annan in July 2000, the UN GC is a partnership initiative between the UN and businesses that motivates companies to enhance better corporate citizenship by voluntarily addressing the issues of human rights, labor, the environment, and anticorruption. Sompo Holdings Group became a signatory in 2006.

United Nations Global Compact (UN GC)

Women’s Empowerment Principles (WEPs)

The Women’s Empowerment Principles (WEPs), a joint initiative between United Nations Development Fund for Women and the UN Global Compact, offer a framework for business on how to empower women in the workplace, marketplace and community.The 7 WEPs Principles seek to point the way to best practice in advancing gender equality by elaborating the gender dimension of corporate responsibility and private organizations, the UN Global Compact, and business’s role in sustainable development. Sompo Holdings became a signatory of WEPs in June 2012.

Women's Empowerment Principles (WEPs)

Business Call to Action (BCtA)

The BCtA is a global initiative launched in 2008 by the United Nations Development Programme (UNDP) and five government institutions that challenges companies to develop business models with the potential to achieve both long-term commercial success and sustainable development outcomes. A weather index insurance provided by Sompo Holdings in Southeast Asia has been recognized as meeting the requirements for membership in the BCtA. This makes us the first financial institution in Japan, and the first property and casualty (P&C) insurance group in the world, to be granted membership.

BCtA website

United Nations Environment Programme Finance Initiative (UNEP FI)

UNEP FI is an international financial sector network comprising fi nancial institutions that aim to contribute to sustainable development. Since its launch in 1992, the initiative has promoted the integration of environmental considerations into all aspects of the financial sector’s operations and services in pursuit of sustainable development that is conducive to both economic progress and environmental protection. Sompo Japan Nipponkoa became a signatory in 1995.

United Nations Environment Programme Finance Initiative (UNEP FI)

United Nations Principles for Responsible Investment (UN PRI)

UN PRI was formulated by the UNEP FI as a declaration by financial institutions that they will take ESG issues into account when making investment decisions. In 2006, Sompo Japan Nipponkoa became the first Japanese insurance company to become a signatory to these principles and Sompo Japan Nipponkoa Asset Management also became a signatory in January 2012.

Principles for Responsible Investment (UN PRI)

United Nations Principles for Sustainable Insurance (UN PSI)

UN PSI was formulated by the United Nations Environment Programme Finance Initiative (UNEP FI) in June 2012, as a declaration by insurance companies that they will take ESG issues into account through their business operations. Sompo Japan Nipponkoa has participated in the development of the principles and became a signatory in June 2012.

Principles for Sustainable Insurance (UN PSI)

Caring for Climate

Caring for Climate is an initiative established by UN GC, UN Environment Programme, UN Framework Convention on Climate Change (UNFCCC) in 2007 to advance the role of business in addressing climate change. Sompo Japan Nipponkoa is a member of the steering committee.

Caring for Climate

World Business Council for Sustainable Development (WBCSD)

The WBCSD, established in 1995, is a CEO-led global association of companies. Company leaders from around the world provide industry leadership on the environment and sustainable development through lively debate, policy recommendations,and other activities. Sompo Japan Nipponkoa is the only Japanese financial institution participating in the initiatives of the WBCSD. We are also a board member of Redefining Value, a cross-cutting WBCSD program focused on advancing the measurement of “True Value,” “True Costs” and “True Profi ts” in corporate decision-making, disclosure and reporting.

World Business Council for Sustainable Development (WBCSD)

CDP

CDP is a set of collaborative initiative by the world’s leading institutional investors. This international initiative encourages businesses worldwide to adopt climate change strategies and disclose their GHG emissions.Sompo Japan Nipponkoa has been a member since 2005 as an institutional investor.

CDP

ECO FIRST Commitment

In November 2008 the Sompo Holdings Group became the first companies in the insurance business to be accredited by the Minister of the Environment, Japan as an “ECO FIRST Business.” Under the ECO FIRST system, companies make a commitment to the Minister of the Environment, Japan about the environmental conservation initiatives they will take in fields such as combating global warming.

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

These principles were formulated in October 2011 as action principles for financial institutions to fulfill their roles and responsibilities to develop a sustainable society. Sompo Japan Nipponkoa was actively involved in the formulation, participating as members of the drafting committee. In December 2011, 10 Group companies (currently 7 Group companies) became signatories of these principles.

Principles for Financial Action towards a Sustainable Society (PFA)

Keidanren Committee on Nature Conservation (KCNC), Keidanren One Percent Club, Council for Better Corporate Citizenship (CBCC)

KCNC financially supports civil society working on the conservation of biodiversity and nature through the Keidanren Nature Conservation Fund (KNCF), while promoting companies’ awareness of biodiversity and nature conservation as well as communication and cooperation with civil society. The Keidanren One Percent Club provides information on social contribution activities conducted by companies to promote companies’ further involvement in social contribution, while acting as a coordinator for the cooperation between companies and civil society.
CBCC is an organization established by Keidanren that is responsible for planning and operating lectures and other events on CSR, promoting exchanges and collaboration with overseas CSR-related organizations, and conducting research and study through sending delegates abroad and other means. Sompo Japan Nipponkoa has been the chairman of the Keidanren One Percent Club, KCNC, and CBCC since 2008, 2012, and 2013, respectively.

Japan Business and Biodiversity Partnership

The Japan Business and Biodiversity Partnership was founded in October 2010 to coincide with the 10th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP10). The partnership was established by businesses, economic organizations, governments, civil society, and other parties that endorse the Japan Business and Biodiversity Partnership Action Policy. The Sompo Holdings Group companies signed up to the partnership when it was established.

Japan Business and Biodiversity Partnership

Group Implementation of ISO 26000

ISO 26000, an international standard providing guidance on social responsibility,was published in November 2010. To plan and implement more relevant CSR initiatives, the Sompo Holdings Group uses the standard as a self-assessment tool for identifying its strengths and weaknesses, while also incorporating elements of the standard into training curricula of all levels and into our CSR management system.

ISO 26000

  • Masao Seki, Senior Advisor on CSR at Sompo Japan Nipponkoa Insurance, participated in the developing process as an expert from the Japanese industry.