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TOKIO MARINE GROUP

Participation in External Initiatives

The Tokio Marine Group supports and respects the Universal Declaration of Human Rights, International Labor Standards, as well as OECD Guidelines for Multinational Enterprises. The Tokio Marine Group will also fulfill its role in helping realize a sustainable society through its participation in a variety of initiatives that include the United Nations Global Compact and the United Nations Environment Program Finance Initiative (UNEP FI).

The United Nations Global Compact

THE GLOBAL COMPACT

The ideas and contents of the 10 principles concerning human rights, labor, the environment and anti-corruption advocated by the United Nations Global Compact coincide with the Tokio Marine Group's own approach to CSR as well as its CSR Charter.
Therefore, Tokio Marine Holdings has been participating in the United Nations Global Compact since 2005.

The UN Global Compact's 10 principles

Human Rights

  1. Principle 1: Business should support and respect the protection of internationally proclaimed human rights; and
  2. Principle 2: make sure that they are not complicit in human rights abuses.

Labour

  1. Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
  2. Principle 4: the elimination of all forms of forced and compulsory labour;
  3. Principle 5: the effective abolition of child labour; and
  4. Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

  1. Principle 7: Businesses should support a precautionary approach to environmental challenges;
  2. Principle 8: undertake initiativies to promote greater environmental responsibility; and
  3. Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

  1. Principle 10: Business should work against corruption in all its forms, including extortion and bribery.

Every year Tokio Marine Holdings summarizes and reports on the status of initiatives for addressing the 10 principles of the United Nations Global Compact.

UNEP FI Insurance Commission

Tokio Marine & Nichido is taking part as the Board Member for Asia in the United Nations Environment Program Finance Initiative (UNEP FI) Insurance Commission including approximately 10 companies worldwide, mainly from among insurance companies and brokers. The company conducted activities to deepen understanding of insurance and climate change/sustainability through a seminar entitled "Insuring for sustainability"(2009), issuance of a collaborative paper entitled "The global state of sustainable insurance" (2010) and a presentation at the COP 10 side event "The next challenge - The role of finance institutions in accounting for biodiversity and ecosystem services in the Asia Pacific Region."

Geneva Association

Tokio Marine & Nichido is a member of the Geneva Association composed of approximately 80 executives from major insurance companies around the globe. Since September 2008, each company has been conducting research into climate change under the Climate Change and Insurance (CC+I) Project regarding the economic impact of climate change on insurance companies, and jointly launched research reports on "The Insurance Industry and Climate Change" (2009) and "Global Insurance Industry Statement on Adapting to Climate Change in Developing Countries."

ClimateWise

In September 2010, Tokio Marine & Nichido became the first Asian member of ClimateWise, a global collaboration of 40 leading insurers focused on reducing the risks of climate change, launched in 2007 by HRH The Prince of Wales. Under ClimateWise, these insurers from around the world jointly carry out studies and research on various risks and opportunities related to climate change and make recommendations toward reducing the risks that climate change imposes on economic and social life.

Japan Climate Leaders' Partnership

Tokio Marine & Nichido has been a member of the Japan Climate Leaders' Partnership (Japan-CLP), an initiative of Japanese companies to deal with issues of climate change, since July 2009. With Japan-CLP, companies from various industries (finance, insurance, logistics, construction, IT, etc.) join forces to lead initiatives aimed at realizing a sustainable, low-carbon society and to make recommendations on how to tackle climate change together.

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