CSR in the Value Chain
- Human Rights Due Diligence
- Tokio Marine Group has established a framework for conducting human rights due diligence, in accordance with the procedures outlined in the UN Guiding Principles for Business and Human Rights.
For Tokio Marine Group, human rights due diligence is a continual improvement process comprising of commitment, assessment, action and report To Be a Good Company whereby a company preventively and proactively prevent or mitigate any negative impacts on human rights.
In fiscal 2017, the Group conducted a human rights risk assessment for 39 countries and regions it operated in collaboration with Verisk Maplecroft and Caux Round Table Japan (CRT Japan) in line with the above-mentioned process and identified human rights issues for preventing the realization of potential risks.
In fiscal 2018, the Group will analyze the possibility of realizing identified risks, make impact assessments for stakeholders, and develop measures to prevent the occurrence of these risks.
Tokio Marine Group defines the value chain as shown in the chart below. Primarily through Tokio Marine & Nichido, the Group is executing environmental, social and governance (ESG) initiatives that are integrated into the value chain. In terms of respect for human rights, in particular, we strive to respect and promote the recognition of human rights within the value chain based on the Tokio Marine Group CSR Charter.
- Tokio Marine Group’s Value Chain
Value chain Corresponding SC guideline* category Manufacture of media used for sale of products and services, IT systems, consulting, audits and office supplies (Category 1) Purchased goods and services Construction, maintenance and management of office buildings (Category 2) Capital goods Petroleum refining and distribution, electric power providers (Category 3) Fuel and energy related activities not included in Scope 1 or 2 Delivery companies (Category 4) Transportation and delivery (upstream) Waste disposal operators (Category 5) Waste generated in businesses Trains, buses, taxis and accommodations (Category 6) Business travel Trains, buses (Category 7) Employee commuting Delivery companies (Category 9) Transportation and delivery (downstream) Agencies, waste disposal operators (Category 14) Franchises Investment destination (Category 15) Investments
Basic Guidelines on Accounting for Greenhouse Gas Emissions Throughout the Supply Chain, Ministry of the Environment (MOE) and Ministry of Economy, Trade and Industry (METI)
Value Chain Management
In the value chain, Tokio Marine Group carries out activities aimed at fulfilling its social responsibility and achieving sustainable development together with its business partners and at raising customer protection and convenience and assuring the soundness and appropriateness of its business.
Fulfilling Social Responsibilities Together with Business Partners
To implement ESG initiatives that are integrated into the value chain, Tokio Marine Holdings aims to have Tokio Marine Group and business partners fulfill their social responsibility and achieve sustainable development together. In working to realize this objective, Tokio Marine & Nichido formulated the Principle of Transactions, which outlines the items that should be followed in terms of conducting transactions, and is applying this across its Group. Tokio Marine & Nichido issues the Principle of Transactions to such Group business partners as suppliers and subcontractors and requests that these business partners promote initiatives for “compliance with laws, regulations and social norms,” “promoting fair and honest transactions,” “thorough information management” and “consideration for the environment.”
Through a questionnaire that is given once every two or three years, Tokio Marine & Nichido questions suppliers and subcontractors about the implementation of the contents of the Principle of Transactions. The results of the questionnaire are compiled and are reflected in the next fiscal year’s action plan for the value chain.
Tokio Marine & Nichido Group Principle of Transactions
Tokio Marine & Nichido Group conducts transactions based on the following policies and aims to realize sustainable development with business partners (purchasers and consignees) and to fulfill its social responsibilities.
- 1．Compliance with laws, regulations and social norms
- Tokio Marine & Nichido Group complies with laws, regulations and social norms in every country and area when conducting transactions. We make every effort to reject relationships with anti-social forces and any undue claims from them.
- 2．Promoting fair and honest transactions
- Tokio Marine & Nichido Group selects business partners in a fair and honest manner based on comprehensive consideration of compliance with laws, regulations and social norms, business conditions, reliability, environmental activities, quality and prices of products, services and certainty of delivery period, among others.
- 3．Thorough information management
- Tokio Marine & Nichido Group thoroughly conducts appropriate management and protection of information acquired through business partners.
- 4． Consideration for the environment
- Tokio Marine & Nichido Group promotes the purchase of products with the least impact on the environment (purchase of green products) and works in cooperation with business partners to promote the creation of a recycling-oriented society.
- 5． Strengthening relationships of trust
- Tokio Marine & Nichido Group endeavors to build good partnerships based on trust through frequent communication with domestic and overseas business partners and mutually gaining a deeper understanding.
Policies for Outsourcing Management
Tokio Marine Group has established the Tokio Marine Group Policies for Outsourcing Management in order to protect customers, enhance convenience and ensure the soundness and appropriateness of its operations in the event of outsourcing a portion or all of its operations.
Based on these policies, Tokio Marine & Nichido selects its contractors according to the Standard for Selecting Outsourcing Contractors and the Information Security Management System Standard. At the same time, each year the company conducts investigations of the actual status of outsourcing contractors based on the Regulations Related to Outsourcing Contractor Management, which stipulate the management system for outsourcing contractors, and makes improvements when inadequacies are discovered.
In the future as well, Tokio Marine Group will promote initiatives integrated into the value chain together with its business partners.
Response to the UK Modern Slavery Act 2015
Tokio Marine Group regards slave labor and human trafficking as social issues that must be resolved and works to prevent their occurrence.