MS&AD Insurance Group Holdings, Inc. (President & CEO: Noriyuki Hara) has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change for the 4th consecutive year.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest ever.
MS&AD Insurance Group and Sustainability
The MS&AD Insurance Group pledges in its Corporate Philosophy (Mission) “to contribute to the development of a vibrant society and help secure a sound future for the planet, by enabling safety and peace of mind through the global insurance and financial services business.”
In “Vision 2021,” the Medium-Term Management Plan, the Group aims to achieve a “resilient and sustainable society” by 2030. In order to achieve this vision, we are developing business activities that take into account the environment, society, and corporate governance, and are making efforts to create shared value (CSV) with society.
Particularly, responding to climate change is our priority issue and we are providing the effective web services for flood prevention, developing new technologies such as damage prediction service for typhoons and other disasters in collaboration with universities, and providing services to analyze the impacts of climate change in partnerships with venture companies. We are working on the disclosure of consistent, comparable and reliable climate-related information in line with the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
We continue to support sustainable development by providing insurance and consulting services designed to reduce damages and losses incurred in corporate and other activities due to abnormal weather stemming from climate change, and by developing products/services that help advance the transition to a decarbonized society.