Declarations to Society and Participation in CSR Initiatives

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 (UN GC)

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)

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 our Group company 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.

Business Call to Action

United Nations Environment Programme Finance Initiative (UNEP FI)

The UNEP FI is an international financial sector network comprising fi nancial 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 Janerio, Brazil, in June 2012.

Principles for Sustainable Insurance

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. Masao Seki, Senior Advisor on CSR at Sompo Japan, is a member of the steering committee.

Caring for Climate

Participation in side meetings during COP22 of the UN Framework Convention on Climate Change

As a steering committee member, Masao Seki participated in the High-Level Meeting on Climate Change of Caring for Climate during the 22nd Session of the Conference of the Parties (COP22) to the United Nations Framework Convention on Climate Change, held in Marrakech in November 2016.

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 the only Japanese financial institution participating in the initiatives of the WBCSD. The company is also 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)

Participation in WBCSD Council Meeting

Masao Seki, Senior Advisor on CSR of Sompo Japan, participated in a council meeting held in Chennai, India in October 2016. He also joined a plenary panel discussion session on "Enabling a Sustainable 2030: The Transformational Roles of ICT and Finance" to discuss the roles of information and communication technologies (ICT) and finance to accelerate and scale-up innovation, which are all essential to achieve the SDGs and to realize a zero carbon society. From 2017, he participated in a council meeting held in Mexico City, Singapore, Lisbon and joined meetings on the topics of the SDGs, climate change, and corporate information disclosure.

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

Respond to CDP climate change survey

Since 2016, Sompo Holdings won the A List of a survey on climate change by the international CDP project four years in a row, under which the world's major institutional investors call upon businesses to adopt climate strategies and disclose their GHG emissions.

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. Masaya Futamiya, Chairman and Director 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, Masaya Futamiya, Chairman and Director 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. Masaya Futamiya, Chairman and Director of Sompo Japan, serves as the chair of CBCC.

Council for Better Corporate Citizenship (CBCC)

Leading overseas missions as chair

The CBCC sends CSR dialogue missions overseas each year, aiming to monitor global CSR trends and examine the innovative CSR efforts of companies and CSR Promoter organizations outside Japan, as well as to promote an understanding of CSR approaches and initiatives in Japan.

In 2017, he visited some Germany cities, Frankfurt, Berlin and Munich and had dialogues with various stakeholders such as the government, companies, investors, and research institutions. Through the dialogues, he grasped the trends and latest information on CSR in Germany and actively disseminated the idea of “achieving SDGs through the realization of Society 5.0“ and some specific initiatives by Japanese companies.

In 2018, he visited Geneva and Brussels and had dialogues with international organizations such as labor organizations and human rights organizations, companies, NGOs and investor groups. Continuing from last year, a dialogue was also held between companies in Japan and in Europe. He mentioned the concept of “Society 5.0 for SDGs” and examples of initiatives, and corporate initiatives after the revision of the Charter of Corporate Behavior.

In 2019, he visited Sweden and the Netherlands, two advanced countries in terms of CSR and SDGs, and engaged in dialogue with a variety of actors, including governments, companies and economic organizations, ESG evaluation organizations, and research institutions. Through the dialogue, he addressed the concept of “Society 5.0 for SDGs” and activities for promoting SDGs, understanding that the government, the business community, and companies are working together to develop strategic initiatives to enhance international competitiveness based on sustainability in both countries.

In 2020, he was planning to visit Denmark and Belgium, but the mission was unfortunately cancelled due to the spread of COVID-19. Instead, online meetings were arranged with organizations engaged in corporate citizenship activities in Europe. During the meetings, he received explanations of the latest sustainability policy trends in Europe and discussed action to be taken in the future.

Keidanren Committee on Nature Conservation (KCNC)

The 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. Masaya Futamiya, Chairman and Director of Sompo Japan, serves as the chair of KCNC.

Keidanren Committee on Nature Conservation (KCNC)

Participation in COP13 of the UN Convention on Biological Diversity

As the chair of KCNC, Futamiya participated in the 13th Conference of the Parties (COP13) to the Convention on Biological Diversity held in Mexico in December 2016, and gave a speech to represent the business sector at a UN Decade on Biodiversity Day (UNDB Day) side event. The conference itself is held every two years, with the participation of many government representatives and civil sector organizations from around the world, and was an occasion for dialogue with representatives from influential organizations that promote global nature conservation.

Speaking as KCNC chair at a side event (Masaya Futamiya)

Participation in COP14 of the UN Convention on Biological Diversity

As the chair of KCNC, Futamiya participated in the 14th Conference of the Parties to the Convention on Biological Diversity (COP14) which held in Egypt in November 2018. He gave a speech to represent revised edition of Declaration of Biodiversity by Keidanren and Progress status of Mainstreaming of Biodiversity in Japanese Business Sector in Global Business and Biodiversity Forum, which held prior to the opening.
The conference itself is held every two years, with the participation of many government representatives and civil sector organizations from around the world, and was an occasion for dialogue with representatives from influential organizations that promote global nature conservation.

Speaking as KCNC chair at Global Business and Biodiversity Forum (Masaya Futamiya)

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 (COP10) to the Convention on Biological Diversity. The partnership was established by businesses, economic organizations, governments, civil society, and other parties that endorse the Japan Business and Biodiversity Partnership Action Policy. Our Group companies signed up to the partnership when it was established.

Japan Business and Biodiversity Partnership

ECO FIRST Program, Japan's Ministry of the Environment

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

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 7 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 CSR of Sompo Japan, is a member of the SDG Stakeholders Roundtable, which promotes environmental aspects for implementation of the SDGs.

Montreal Carbon Pledge

In September 2017, Sompo Asset Management signed the Montreal Carbon Pledge which was adopted at the annual general meeting of the Principles for Responsible Investment (PRI) held in Montreal, Canada, in September 2014, aiming to reduce GHG emissions.
Signatories are required to measure and disclose GHG emissions associated with some or all of their stock portfolios, and Sompo Asset Management is committed to regularly disclosing the volume of GHG emissions it has invested.

ICGN

Sompo Asset Management has joined ICGN (International Corporate Governance Network) since November 2017. Established in 1995 in London, ICGN is a international organization that provides various supports and advice on corporate governance and stewardship activities, and has members such as institutional investors and asset owners all over the world. Sompo Asset Management will deepen its insight on these issues both domestically and internationally through ICGN, and make its investment process and stewardship activities improve.

ICGN

Group Implementation of ISO 26000

ISO 26000, an international standard providing guidance on social responsibility, was published in November 2010.

In order to determine and promote more important CSR initiatives, our Group uses ISO 26000 as a self-check tool to clarify the Group's strengths and weaknesses, and incorporates elements of ISO 26000 into the CSR Management System, which is an educational tool for all levels and a framework for promoting CSR initiatives, as well as into the seven social issues (materiality) that we face and the KPIs (materiality KPIs) that we have set for these materiality.

As an expert from Japan's business sector, Masao Seki, Senior Advisor on Sustainability Department of Sompo Japan, participated in development of the standard.

ISO 26000