Sompo Holdings Inc

The Sompo group has a process to ensure that direct and indirect activities affecting we are consistent with climate change measures. In Mid-Term Management Plan starting from FY 2021, we has set forth \"Sompo Climate Action\" (Adaptation to Climate Change, Mitigation, and Contribution to Social Transformation) as a priority issue. Responding to climate change is positioned as an important issue, and sustainable management for the entire group is promoted by the Global Executive Committee (4 times a year), which is composed of the CEO of Sompo group and the presidents of group companies, and the Sustainable Management Committee, which is chaired by CSO, who is responsible for corporate planning and sustainability at each group company. Through this committee, we confirm, report, and discuss the alignment with Sompo group strategy. For example, Sompo group is participating in economic organizations such as the Japan Business Federation (Keidanren) and the Japanese Association of Corporate Executives (chaired by our group CEO), and is promoting activities consistent with the goals of the Paris Agreement. In 2021, we set the Sompo Climate Action in line with the goals of the Paris Agreement. Sompo Climate Action is positioned as one of the important material issues and KPIs that comprehensively identify Sompo's social issues from the perspectives of both importance to management and impact on stakeholders, based on our story of value creation towards the realization of environmental goals as well as international norms such as the United Nations Global Compact and ISO 26000. However, achieving the targets is difficult with our own GHG emissions. To this end, we have formulated the Sompo Climate Action as a concrete action plan and linked it with the action plans of Group companies. (Our targets for reducing GHG emissions are a 60% reduction in FY 2030 (compared to FY 2017) and net zero emissions in FY 2050 * Scope 3 for FY 2050 includes investments.)

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The Sompo group has a process to ensure that direct and indirect activities affecting we are consistent with climate change measures.
In Mid-Term Management Plan starting from FY 2021, we has set forth "Sompo Climate Action" (Adaptation to Climate Change, Mitigation, and Contribution to Social Transformation) as a priority issue. Responding to climate change is positioned as an important issue, and sustainable management for the entire group is promoted by the Global Executive Committee (4 times a year), which is composed of the CEO of Sompo group and the presidents of group companies, and the Sustainable Management Committee, which is chaired by CSO, who is responsible for corporate planning and sustainability at each group company. Through this committee, we confirm, report, and discuss the alignment with Sompo group strategy.

For example, Sompo group is participating in economic organizations such as the Japan Business Federation (Keidanren) and the Japanese Association of Corporate Executives (chaired by our group CEO), and is promoting activities consistent with the goals of the Paris Agreement. In 2021, we set the Sompo Climate Action in line with the goals of the Paris Agreement. Sompo Climate Action is positioned as one of the important material issues and KPIs that comprehensively identify Sompo' s social issues from the perspectives of both importance to management and impact on stakeholders, based on our story of value creation towards the realization of environmental goals as well as international norms such as the United Nations Global Compact and ISO 26000. However, achieving the targets is difficult with our own GHG emissions. To this end, we have formulated the Sompo Climate Action as a concrete action plan and linked it with the action plans of Group companies.
(Our targets for reducing GHG emissions are a 60% reduction in FY 2030 (compared to FY 2017) and net zero emissions in FY 2050 * Scope 3 for FY 2050 includes investments and underwriting.)

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes