Climate change is a material global issue. Countries around the world have signed on to the Paris Agreement with the aim of realizing a decarbonized society, and are promoting measures against climate change.
The MS&AD Insurance Group has been implementing measures to address climate change, which has a significant impact on society and the Group.
For example, we are promoting the provision of products and services that contribute to disaster prevention and mitigation to support the improvement of society's resilience to damage from natural catastrophe and its adaptability to climate change. In addition, through the provision of insurance and investments, we are supporting the research and development and dissemination of new technologies to reduce the risk of climate change and contributing to the transition to a decarbonized society.
The Task Force on Climate-related Financial Disclosures (hereinafter "TCFD"), recommends that responses to climate change be disclosed in accordance with the four frameworks of Governance, Strategy, Risk Management, and Metrics and Targets. The Group supports this and promotes climate-related disclosures.