MS&AD Insurance Group Holdings Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

The Board of Directors and the Sustainability Committee hold discussions on the policies, plans, and the progress initiatives for the aforementioned Business Activities with Consideration for Sustainability. We keep the highly transparent disclosure and engage in dialogue with stakeholders. Revision and /or modiCcation may be applied when necessary.

https://www.ms-ad-hd.com/en/csr/main/08/teaserItems1/0/link/sus_report2024_e.pdf

The Group Sustainability Committee discusses and reports on the formulation of policies on ESG risks and decisions on responses to high-risk projects. While we respond to such ESG-related risks to ourselves, we have been discovering business opportunities in addressing ESG concerns, e.g. offering automotive insurance with driving protection services to support safe driving, and thereby, reduce accidents, and using Big Data to present preventative measures against natural disaster. Members of various divisions work together through various ESG-themed task forces and working groups established by operating companies. [...] For insurance underwriting, we make it sure that transaction is carried out in line with Group Policy. Such transactions have been reported to the Group Sustainability Com­mittee by the senior management in charge since September 2020.

https://www.ms-ad-hd.com/en/csr/summary/esg/main/0/teaserItems1/02/linkList/02/link/ESG_Process_en.pdf

#### Climate Activities through initiatives and Trade Associations

Our memberships of industry associations and outside initiatives will promote \"Initiatives to Achieve Net Zero By 2050\".
While ascertaining the decarbonization pathways that these organizations are pursuing, the status of their membership and activities are managed by the line of control, and important information is reported to the director in charge. After management of the status of membership and activities by the line of control, material matters are reported to the officer in charge. We will respond through discussions with the organizations when found necessary to confirm consistency with our policy.

https://www.ms-ad-hd.com/en/csr/ESG_Info.html

In the area of sustainability, our governance structure, including climate/ nature-related matters, consists of the Board of Directors, the Group Management Committee, and Task-Specific Committees. **[Board of Directors]** The Board of Directors discusses and makes decisions on important matters regarding management policies, management strategies and capital policy, including climate/ nature-related issues, and also oversees the execution of duties by directors and executive officers. **[Group Management Committee]** The Group Management Committee discusses management policies, management strategies, and other matters that are priority issues to the Group management, including those related to climate/nature, and also monitors specific business operations. Sustainability-related issues and initiatives are reported to both the Board of Directors and the Group Management Committee for determination after discussion by, primarily, the Sustainability Committee and the ERM Committee, which are Task-Specific Committees **[Sustainability Committee]** The Sustainability Committee, headed by the Group CSuO (Chief Sustainability Officer), discusses policies, plans, and strategies, etc. for addressing sustainability issues, including KPI setting for climate/ nature-related risks/opportunities. In FY 2023, the committee met four times under the chairmanship of the Group CSuO. The main topics of discussion included FY2023 sustainability initiatives, equity initiatives of DE&I, Group initiatives for respecting human rights, climate change, natural capital-related disclosures, GHG emissions reduction targets for our business partners and the Group's initiatives, external collaboration in the areas of natural capital and climate change, and sustainability initiatives of the Group's medium-term management plan stage 2. These discussions were reported to the Board of Directors. **[ERM Committee]** The ERM Committee, headed by the Group CFO and the Group CRO, discusses and coordinates important matters concerning ERM, as well as monitoring the status of risk, return, and capital and the status of risk management, including climate/ nature-related risks and other matters. It was held nine times in FY 2023. At the meeting held in February 2024, discussions included the subject of "intensifying conflicts within and between countries, political, economic, and social divisions and polarization, and security crises" as a Group Material Risk, which should be handled by management, and risk management with ongoing attention to "climate change," and the Board of Directors determined the Group Material Risk. In addition, the ERM Committee discusses such issues as improving handling of natural catastrophic events including climate change and crises of ecosystems, and human-induced pollution and accidents that cause major damage to the environment)" as examples of risk events which could adversely affect medium- to long-term Group management and management should also be conscious of (Group Emerging Risks). Details of the discussion are reported to the Board of Directors.

https://www.ms-ad-hd.com/en/csr/main/01/teaserItems2/03/link/TCFD_TNFDReport_2023_EN_1212.pdf

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]気候変動に関する活動は、エンゲージメント活動は、サステナビリティ所管部署に報告され、整合性を確認している。そのうえで、重要な事項は、CSuO、サステナビリティ委員会に外部環境として報告されている。

CDP Questionnaire Response 2023

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

CDP Questionnaire Response 2023