Established in 2004, T&D Holdings is a Japanese insurance company based in Tokyo, Japan. In 2021, It had JPY 17.81 trillion of assets under management. In 2021, T&D Holdings employed a total of 19,615 staff. For the fiscal year that ended on March 31 2022, revenues were equal to Y2.523 trillion. T&D is listed on the Tokyo Stock Exchange.
In terms of senior leadership accountability, the responsibility for sustainability issues within T&D Holdings lies with the board of directors. The insurance company identified and prioritised its impacts through a materiality assessment process which included feedback from external stakeholders.
As a member of Climate Action 100+, T&D Holdings discloses that it collectively engages with its investees on the topic of climate change. The insurance company discloses its absolute financed emissions.
T&D Holdings has a publicly available policy statement committing it to respect human rights and has a publicly available policy statement committing it to respect the ILO core labour rights. The financial institution discloses the proportion of its total direct operations workforce for each employee category by age group and the proportion of women in its total direct operations workforce for each employee category.
T&D Holdings has an opportunity to link the remuneration of its executive or management teams to sustainability performance criteria. Furthermore, there is no evidence that the financial institution has a public commitment to gender equality and women’s empowerment. It has an opportunity to reach at least 40% women in both, the board of directors and senior leadership positions. In addition, the financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.
There is no evidence that the T&D Holdings discloses a target to reach net-zero financed emissions by 2050. The insurance company has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Although the T&D Holdings discloses that it invests in green bonds, it could disclose the amount invested in an aggregated way. No evidence was found regarding the financial institution’s approach to fossil fuels that spans across the fossil fuel value chain, such as the amount or share of finance it directs towards fuels, or its stance on financing companies with new fossil fuel projects.
T&D Holdings has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.