Dai-ichi Life Holdings

The financial institution publishes an engagement report on sustainability impact topics and has a publicly available policy statement committing to respect ILO core labour rights and human rights. Decision-making and oversight for the sustainability strategy are assigned to the highest governance body, with performance criteria for senior executive remuneration linked to specific sustainability targets. Implementation responsibility for the sustainability strategy is delegated to various functions, teams, or committees. The stewardship policy includes client and stakeholder engagement, advocacy, and partnerships.

The institution identifies key sectors, clients, and investees for engagement on climate and nature-related impacts, and discloses the monetary amount of products, services, and capital allocated to nature-positive solutions. It engages in partnerships to influence sectors and clients regarding their nature-related impacts and monitors its scope 1-2 emissions, as well as emissions from associated financing activities (Scope 3 category 15). The institution has interim targets for 2025 and 2030 aligned with a 1.5C trajectory and discloses its operations by country, including employee numbers or revenue.

The financial institution has opportunities to enhance transparency by disclosing its methodology for determining a living wage in its operational regions and providing a publicly available policy statement against bribery and corruption. It could elaborate on its process for identifying and prioritising material sustainability impacts, including the criteria and evidence used. While it has a policy addressing environmental and social considerations, aligning a stewardship policy with its sustainability strategy is recommended.

The institution does not provide products or services to certain fossil fuel projects but does not clarify its stance on all fossil fuels. Its targets for climate solutions could be more specific regarding timeframes and measurability. Although it identifies nature-related impacts, further details on prioritisation are needed. Engagement with clients on nature protection strategies is encouraged. The institution monitors scope 3 emissions but could expand its coverage and rationale for exclusions. Transparency in the footprint calculation methodology and a breakdown of clients by income group are recommended. Further details on mitigating risks related to ILO fundamental rights and identifying social risks in the net zero transition are suggested. Lastly, providing examples of actions taken on salient human rights issues from recent assessments is recommended.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.