CSRWire – Aflac 2021 Annual and Sustainability Report: Environmental and Climate Risk Management – CSRwire.com | Region & Cash

Released 05-05-22

Submitted by Aflac Incorporated

Learn more about Aflac’s commitment to sustainability

Aflac Incorporated’s corporate responsibility leadership is focused on limiting the company’s carbon footprint and helping make its communities, cities and planet more sustainable. This is based on the belief that environmentally and socially responsible business practices help improve the company’s reputation, enhance talent recruitment and retention, and attract new customers.

Aflac SmartGreen®

The Board’s Corporate Social Responsibility and Sustainability Committee guides the company’s environmental initiatives in accordance with Aflac SmartGreen® Philosophy of choosing, using and disposing of the resources used every day wisely and focusing these measures in five categories:

  • business operations.
  • waste management.
  • Strategic Sourcing and Procurement.
  • employee engagement.
  • management of facilities.

Guided by the SmartGreen philosophy, Aflac identifies and assesses environmental risks, including climate change, based on financial impact and probability. Risk profiles are monitored and reported to the Global Risk Committee (GRC) and cross-departmental managers every three months.

Aflac Japan

As part of its 2019 Environmental Management Statement formalized in 2019, Aflac Japan committed to:

  • Environmentally friendly behavior in his shop.
  • Compliance with applicable laws and regulations relating to the environment.
  • Promotion of environmental education and social services.
  • Ongoing promotion of environmental improvements.

Climate Risk Management

In 2020, Aflac achieved carbon neutrality in its Scope 1 and Scope 2 greenhouse gas emissions by reducing emissions and purchasing renewable energy credits and carbon offsets. In addition, Aflac has set the following climate goals:

  • Reduce absolute Scope 1 and Scope 2 emissions by 75% by 2030 from 2007 baseline.
  • Carbon neutral in all scopes by 2040 and net zero emissions by 2050.

Aflac Incorporated reduced combined Scope 1 and 2 greenhouse gas emissions by more than 70% from 2007 to 2020.

To learn more about Aflac Incorporated’s 2021 climate change filing with CDP and TCFD’s 2020 report, click here.

Energy saving/efficiency and green buildings

In 2020, Aflac US reduced its total electricity consumption in owned corporate properties by 21% through energy saving and efficiency initiatives. Since 2007, energy conservation and efficiency efforts have reduced building electricity use by over 50% per square foot and saved more than $20 million.

Aflac US has over a decade of experience in reducing electricity consumption in its own properties, making it the first insurance company in the United States to receive ISO 50001:2011 certification for energy management systems and the only insurance company to achieve both ISO 50001:2011: 2011-Energy has received certifications for management systems and ISO 14001:2015 environmental management. Aflac was re-certified to ISO 50001:2011 in 2019 with no non-conformances.

Aflac US reduced combined Scope 1 and Scope 2 emissions in 2020 by 33% compared to 2019 and by 74% compared to 2007 by taking steps to reduce environmental impacts, such as: B. the installation of a solar system, the implementation of more energy-efficient HVAC and lighting systems, as well as the ISO:50001 energy management system based on continuous improvement.

Aflac Japan reduced emissions in 2020 by 2.5% compared to 2019 and by 44.4% compared to 2007 by taking measures to reduce environmental impact such as: B. Adjusting air conditioning to reasonable temperatures and encouraging the use of stairs when moving floors.

Aflac is committed to owning or leasing green buildings whenever possible, with a Leadership in Energy and Environmental Design (LEED) Gold certified building in the US and one in Japan. In 2017, Aflac installed 500 solar panels on one of its buildings in Columbus, Georgia, and its data center was the 10th of its kind in the US to achieve Energy STAR®-Certified in 2011.

Download Aflac’s 2021 Annual and Sustainability Report here

Aflac Incorporated logo

Aflac Incorporated

Aflac Incorporated

Aflac is a Fortune 500 company providing financial protection to more than 50 million people worldwide. If a policyholder or insured becomes ill or injured, Aflac will pay cash benefits fairly, promptly and directly to the insured. For more than six decades, Aflac voluntary insurance policies have given policyholders the opportunity to focus on recovery, not financial stress.

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