To solve social issues on a global level, the collaboration of a broad range of stakeholders is indispensable.
Our Group participates actively and endeavors to take a leading role in a wide variety of international and domestic initiatives.
United Nations Global Compact (UNGC)
The United Nations Global Compact is a voluntary initiative for participation by companies in the creation of a global framework under which companies exercise responsible and creative leadership to act as good members of society to realize a sustainable society. Sompo Holdings has been a signatory to and expresses its support for the UNGC since 2006, and is committed to corporate activities that respect the ten principles concerning human rights, labour, the environment and anti-corruption advocated by the UN Global Compact.
We publish an annual Communication on Progress (CoP), which is a regular activity report on the status of initiatives for addressing The Ten principles of the United Nations Global Compact and on participation in UN partnership programs such as the Sustainable Development Goals (SDGs).
Women’s Empowerment Principles (WEPs)
The WEPs, a joint initiative between the United Nations Development Fund for Women and the UN Global Compact, offers a framework for business on how to empower women in the workplace, marketplace and community. Its seven principles 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 and Sompo Asset Management Co.,Ltd. also became a signatory in October 2018.
Women’s Empowerment Principles (WEPs)
United Nations Environment Programme Finance Initiative (UNEP FI)
The UNEP FI is an international financial sector network comprising financial institutions that aim to contribute to sustainable development. Since its launch in 1992, it 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 became a signatory in 1995.
United Nations Environment Programme – Finance Initiative
United Nations Principles for Responsible Investment (UN PRI)
The UN PRI was formulated by the UNEP FI as a declaration by financial institutions that take ESG issues into account when making investment decisions. In 2006, Sompo Japan became the first Japanese insurance company to become a signatory to these principles and Sompo Asset Management also became a signatory in January 2012.
Principles for Responsible Investment
United Nations Principles for Sustainable Insurance (UN PSI)
The UN PSI was formulated by the 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 participated in the development of the principles and became a signatory when it made a statement to promote the principles at the formal launch during the UN Conference on Sustainable Development (Rio+20) in Rio de Janeiro, Brazil, in June 2012.
Principles for Sustainable Insurance
Partnership for Carbon Accounting Financials (PCAF)
Established in 2015, PCAF is a global initiative for developing methods to measure GHG emissions associated with the loans and investments of financial institutions and in their insurance underwriting portfolios. We joined the PCAF in December 2021 with the aim of contributing to the attainment of a net-zero society by formulating rules for GHGs in our insurance underwriting.
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 is a board member of Redefining Value, a cross-cutting WBCSD program focused on advancing the measurement of “True Value,” “True Costs” and “True Profits” in corporate decision-making, disclosure and reporting.
World Business Council for Sustainable Development (WBCSD)
CDP
The CDP is a set of collaborative initiatives by the world’s leading institutional investors. It encourages businesses worldwide to adopt climate change strategies and disclose their GHG emissions. Sompo Japan has been a member since 2005 as an institutional investor.
CDP
Japan Business Federation (Keidanren)
Committee on Responsible Business Conduct & SDGs Promotion
Committee on Responsible Business Conduct & SDGs Promotion promotes to disseminate the Charter of Corporate Behavior and the concept of “Society 5.0 for SDGs”, and encourages social contribution activities of companies and their employees. Keiji Nishizawa, Executive Advisor of Sompo Japan, serves as co-chair of the committee.
Participation in Japan's SDGs roundtable as a Business Leader
Japan’s SDGs Promotion Headquarters was established in May 2016 with the entire Cabinet as members and the Prime Minister of Japan as the chair. A multi-stakeholder roundtable was later created in order to develop implementation policies for the SDGs in Japan. Representing the business sector, Keiji Nishizawa, Executive Advisor of Sompo Japan and co-chair of Committee on Responsible Business Conduct & SDGs Promotion, serves as a member of the roundtable.
Council for Better Corporate Citizenship (CBCC)
The 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. Keiji Nishizawa, Executive Advisor of Sompo Japan, serves as the chair of CBCC.
Council for Better Corporate Citizenship (CBCC)
Keidanren Nature Conservation Council (KNCC)
The KNCC 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. Keiji Nishizawa, Executive Advisor of Sompo Japan, serves as the chair of KNCC.
Keidanren Nature Conservation Council (KNCC)
Keidanren Initiative for Biodiversity Conservation
Initiative by companies and groups that work on multiple items of Keidanren Declaration for Biodiversity and Action Guideline, or agree with its overall purpose.
Sompo Japan Insurance has been a member of the initiative since 2009, when it started as “The Declaration of Biodiversity by Keidanren Promotion Partners”.
30by30 Alliance for Biodiversity
The 30by30* Alliance for Biodiversity is a platform that consists of front-runners and supporters to achieve the 30by30 target by pursuing of certifying lands as OECM (Other Effective area-based Conservation Measures). The alliance comprises companies, local governments, and NGOs, and Sompo Japan participates in the alliance.
Declarations of Partnership Building
The “Partnership Building Declaration” was established at the “Council on Promoting Partnership Building for Cultivation the Future,” whose members include the Chairman of KEIDANREN, the Chairman of Japan Chamber of Commerce and Industry (JCCI), the Chairman of Japanese Trade Union Confederation (JTUC), and relevant ministers of Japan (Cabinet Office, Ministry of Economy, Trade and Industry, Ministry of Health, Labor and Welfare, Ministry of Agriculture, Forestry and Fisheries, Ministry of Land, Infrastructure and Transport).
It is a declaration of a company to build a new partnership by promoting cooperation and coexistence with business partners and value-creating businesses in the supply chain.
The SOMPO Group endorses the aims and has released a “Declaration on Building Partnerships".
We will continue to promote initiatives for cooperation and coexistence with our business partners to realize a sustainable society.
The following seven companies have made the declaration:
- Sompo Holdings Inc.
- Sompo Japan Insurance Inc.
- Sompo Himawari Life Insurance Inc.
- Sompo Care, Inc.
- Sompo Health Support Inc.
- Sompo Risk Management Inc.
- Sompo Direct Insurance Inc.
Principles for Financial Action towards a Sustainable Society (Principles for Financial Action for the 21st Century) (PFA)
These principles were developed to guide the actions of financial institutions to fulfill their roles and responsibilities to create a sustainable society. Sompo Japan was a member of the drafting committee, and 10 Group companies signed the principles in 2011 (currently 6 Group companies are signatories).
Sompo Japan is serving as a co-chair of the steering committee and chair of the insurance working group.
Principles for Financial Action towards a Sustainable Society (Principles for Financial Action for the 21st Century)
Steering committee meeting
Insurance working group
SDG Stakeholders Roundtable, Japan's Ministry of the Environment
Masao Seki, Senior Advisor on Culture Transformation Department of Sompo Japan, is a member of the SDG Stakeholders Roundtable, which promotes environmental aspects for implementation of the SDGs.
