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Aflac 2021: Business & Sustainability Report: Environment and Climate Risk Management
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Aflac 2021: Business & Sustainability Report: Environment and Climate Risk Management

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Published 9 minutes ago

Submitted by Aflac Incorporated

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Learn more about Aflac’s commitment towards sustainability

AflacIncorporated’s leadership on corporate responsibility is centered on reducing the company’s carbon footprint, and making its communities, cities, and planet more sustainable. This is based on the beliefthat socially and environmentally responsible business actions enhance corporate reputation, increase talent recruitment and retention, attract new business and attract more.

Aflac SmartGreen

The Boards Corporate Social Responsibility and Sustainability Committee leads the company’s environmentalinitiatives according to the Aflac SmartGreenphilosophy to wisely choose, utilize, and dispose of resources each day. These actions are grouped in five categories

  • Business operations.
  • Waste management.
  • Procurement and strategic sourcing.
  • Employee engagement.
  • Facilities management.

Aflac’s SmartGreen Philosophy guides it in identifying and evaluating environmental risks, including climate changes, based upon financial impact and probability. Each three months, risk profiles of potential risks are monitored and reported to Aflac’s Global Risk Committee (GRC), as well as its interdepartmental executives.

Aflac Japan

Aflac Japan has committed to the following:

  • Its business practices are environmentally friendly.
  • Respect all applicable laws and regulations relating to the environment.
  • Promotion of environmental education.
  • Promotion of environmental improvements.

Climate Risk Management

Aflac achieved carbon neutrality for itsScopes 1 & 2 greenhouse gasemissions in 2020 by reducing emissions, purchasing renewable energy credits, and carbon offsets. Aflac has also set the following climate goals

  • Absolute Scope 1 & 2 emissions will be reduced by 75% by 2030 compared to a 2007 baseline.
  • Carbon neutrality in all Scopes by 2030 and net zero emissions for 2050

Aflac Incorporate reduced combined Scope 1 & 2 greenhouse gas emissions by over 70% between 2007 and 2020.

Click here for more information about Aflac Incorporateds Climate Change 2020 submission to CDP, and 2020 TCFD Report. here.

Energy Conservation/Efficiency and Green Buildings

Through conservation and efficiency efforts, Aflac U.S. decreased its total electricity consumption in corporate real estate by 21% in 2020. Energy efficiency and conservation have helped to reduce electricity use in buildings by over half since 2007, resulting in savings of more than $20 millions.

Aflac U.S. is proud of its decade-long legacy of reducing electricity consumption in its own real estate. It is the first U.S. insurance company to obtain ISO 50001 Energy Management Systems certification, and the only insurance company to have both ISO 50001 Energy Management Systems and ISO 14001 Environmental Management certifications. Aflacre has been certified under ISO 50001 :2011 in 2019, with zero nonconformance issues.

Aflac U.S. reduced combined Scope 1 & 2 emission by 33% in 2020 compared the 2019 and 74% respectively. This was achieved through taking steps to reduce environmental impact such as the installation a solar array, the implementation of more energy efficient HVAC, lighting, and the ISO:50001 Energy Management System that is based on continuous improvement.

Aflac Japan has reduced its carbon emissions by 2.5% compared to 2019, and 44.4% since 2007. They have taken steps to reduce the environmental impact like setting air conditioners at appropriate temperatures and encouraging people to use stairs when moving floors.

Aflac is committed to owning or leasing green buildings when possible. It has one LEED Gold-certified building in the U.S. and another in Japan. Aflac installed 500 solar panels in 2017 on one of itsColumbus buildings in Georgia. Itsdata center was the 10th such facility in the U.S. to be Energy STAR certified.2011 -certified

Here’s the 2021 Aflac Business & Sustainable Report.

Aflac Incorporated logo

Aflac Incorporated

Aflac Incorporated

Aflac, a Fortune 500 company providing financial protection to over 50 million people around the world, is Aflac. Aflac pays cash benefits to policyholders and insureds when they are injured or become sick. It does this quickly, fairly, and directly to them. Aflac voluntary policies have allowed policyholders to concentrate on recovery and not financial stress, for more than six decades.

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