Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Community investment
• Environmental sustainability
• Ethical business practices
• Diversity and inclusion

Environmental Achievements

• Reduced electricity usage by 21% from 2007 to 2011 despite a 24% increase in square footage.
• Achieved 75.2% recycling rate in 2011.
• Aflac's data center and Information Technology Center received Energy Star ratings.
• Improved Newsweek's green rankings by 100 places.

Social Achievements

• Named to FORTUNE's 100 Best Companies to Work For list for 14 consecutive years.
• Donated over $70 million to treat and research pediatric cancer.
• Contributed over $1.25 million to aid Japan after the tsunami.
• Aflac employees volunteered approximately 13,750 hours in 2011.
• Recognized for diversity initiatives by Black Enterprise, LATINA Style, and Hispanic Enterprise magazines.

Governance Achievements

• Named one of the World’s Most Ethical Companies by Ethisphere magazine for six consecutive years.
• Established The Aflac Trust to deter, prevent, detect, and respond to potential fraud and abuse.
• First public company in the US to adopt an advisory shareholder vote on compensation.

Climate Goals & Targets

Environmental Challenges

• Larger investment losses in 2011 compared to 2010.
• Maintaining ethical standards across a growing international business.

Mitigation Strategies

• Implemented The Aflac Trust to address fraud and abuse.
• Continued focus on strong financial performance and risk management.

Supply Chain Management

Responsible Procurement

• Compliance with applicable laws and regulations in all contracts and agreements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI (mentioned as a future goal)

Certifications: Energy Star (for data center and IT center)

Awards & Recognition

• World’s Most Ethical Companies (Ethisphere)
• America’s Most Admired Companies (FORTUNE)
• 100 Best Companies to Work For (FORTUNE)
• Business to Business Annual Award (Dan and Kathelen Amos)
• Dow Jones Sustainability List North America
• PRNews Public Relations Hall of Fame (Aflac Duck)
• Communitas Awards
• Energy Star Award
• LEED Gold certification

Environmental Metrics

ESG Focus Areas

• Business ethics
• Diversity and Inclusion
• Community support (primarily childhood cancer)
• Environmental stewardship

Environmental Achievements

• Reduced electricity consumption at U.S. facilities by 42% from 2007 levels by 2015.
• Reduced Scope 1 and 2 emissions by 33% from 2007 levels by 2015.
• Reduced Scope 1 and 2 emissions by 3.8% in 2015 from the previous year.
• 83% of company-owned properties in the U.S. were Energy Star certified in 2015.
• Recycled 63,661 pounds of e-waste in 2015.

Social Achievements

• Introduced One Day Pay SM initiative, helping over 1 million policyholders receive benefits within one day.
• Aflac was named one of Fortune magazine’s 100 Best Companies to Work For for the 18th consecutive year.
• Raised over $104 million for the Aflac Cancer and Blood Disorders Center since 1995.
• Awarded $27,850 in tuition reimbursement to 17 employees and $44,630 in tuition assistance to two students in 2015.
• Built 10th house for Habitat for Humanity in 2015.
• Aflac employees logged nearly 10,500 volunteer hours in 2015.

Governance Achievements

• Named one of Ethisphere Institute’s 2015 World’s Most Ethical Companies (9th consecutive year).
• Improved RepTrak® Pulse score from 68.40 in 2014 to 73.30 in 2015.
• Aflac Contact Center’s Live-Phone Channel recognized by J.D. Power’s 2015 Certified Contact Center Program.
• Dan Amos named one of the 100 Most Influential People in Business Ethics by Ethisphere Magazine and Best-Performing CEOs in the World by Harvard Business Review.
• Fortune magazine named Aflac to its list of the World’s Most Admired Companies for the 14th time in 2015.

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Supplier Diversity Program (9% of overall supplier spending in 2015)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Awards & Recognition

• Ethisphere Institute’s World’s Most Ethical Companies
• Fortune’s 100 Best Companies to Work For
• Fortune’s World’s Most Admired Companies
• J.D. Power’s Certified Contact Center Program

Environmental Metrics

ESG Focus Areas

• Governance
• Workplace
• Philanthropy
• Environment

Environmental Achievements

• Reduced electricity consumption in Aflac U.S. by over 50% KWH per square foot since 2007, saving nearly $18 million.
• 62% of waste recycled and reused in Aflac Japan's office.
• Aflac U.S. recycled 64,000 pounds of e-waste and electronics; employees donated 500 pairs of shoes, diverting 750 pounds from landfill.
• Aflac U.S. headquarters and Aflac Japan's Chofu Square are LEED Gold certified.
• More than 500 solar panels produce 15% of Aflac corporate headquarters’ energy needs.

Social Achievements

• Aflac Japan met its goal of 30% women in leadership positions in 2019 (ahead of schedule).
• Aflac U.S. hired 729 new employees in 2019: 58% ethnic minorities and 65% women.
• Distributed over 6,500 My Special Aflac Ducks to children with cancer in the U.S. and Japan.
• Aflac U.S. spent $24.5 million with diverse suppliers.
• 16,466 hours of volunteer work logged by U.S. employees (7% increase over 2018).

Governance Achievements

• Aflac was named to Points of Light’s Civic 50 list for the second consecutive year.
• Aflac has been recognized as a World’s Most Ethical Company by the Ethisphere® Institute for 13 consecutive years.
• 64% of Aflac Incorporated board members are ethnic minorities or women.
• More than 10,000 employees in the U.S. and Japan received ethics training.
• Executive compensation approved by shareholders through an annual nonbinding shareholder “say on pay” vote.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Aflac’s Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, UN SDGs

Certifications: ISO 14001:2015 (environmental management), ISO 50001 (energy management)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

The report mentions alignment with UN SDGs but doesn't specify which goals.

Sustainable Products & Innovation

• My Special Aflac Duck

Awards & Recognition

• World’s Most Ethical Company (Ethisphere, 13 years)
• Points of Light’s Civic 50 (2 years)
• My Special Aflac Duck: SXSW Interactive Innovation Award, Cannes Lions PR Silver Medals, Gold SABRE Award

Environmental Metrics

ESG Focus Areas

• Employee health and safety
• Fair and equitable wages
• Climate change
• Environmental protection
• Access to clean water

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and resulting economic downturn
• Racial and social inequality

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Employee Well-being
• Workforce Diversity and Inclusion
• Financial Health of Employees

Social Achievements

• Conducted a study on workplace benefits trends and attitudes, providing insights into employee needs and concerns.

Climate Goals & Targets

Environmental Challenges

• Rising healthcare costs
• Disconnect between employer and employee perceptions of benefits
• Employee stress related to benefits and billing
• Employee burnout
• Employee financial anxieties about healthcare costs

Mitigation Strategies

• Providing education and resources to help employees understand their benefits and costs
• Offering supplemental insurance to help cover unexpected expenses
• Improving communication and engagement with employees about benefits
• Offering flexible scheduling and additional paid time off
• Promoting mental health resources and employee assistance programs

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility
• Sustainability
• Diversity, Equity, and Inclusion
• Responsible Investing
• Climate Change

Environmental Achievements

• Reduced combined Scope 1 and 2 market-based greenhouse gas emissions by more than 90% from 2007 to 2022
• Carbon neutral for Scope 1 and 2 emissions for 4 consecutive years (expecting 2023 to be the 4th)
• Goal of net zero emissions by 2050

Social Achievements

• My Special Aflac Duck® provided to more than 27,000 children through 2023
• Over $173 million in support of Aflac Cancer and Blood Disorders Center of Children’s Healthcare of Atlanta
• Aflac Parents House in Japan served as a home-away-from-home for more than 150,000 pediatric patients and their family members

Governance Achievements

• First publicly traded company in the U.S. to voluntarily allow shareholders a say-on-pay vote
• Inclusion of a sustainability modifier in short-term incentive compensation since 2021
• Board diversity with women and/or people of color comprising approximately 60% of its membership

Climate Goals & Targets

Environmental Challenges

• Weakening yen impacting cash flow and deployable capital
• Elevated expenses associated with building growth platforms in the U.S.
• Decline in Aflac Japan net earned premiums due to reinsurance and limited pay policies reaching paid-up status

Mitigation Strategies

• Proactive steps to defend cash flow and deployable capital against a weakening yen
• Company-wide cost-reduction efforts in Japan
• Investments to address challenges to grow top line in both Japan and the U.S.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Principles for Responsible Investment (PRI)

Sustainable Products & Innovation

• My Special Aflac Duck®

Awards & Recognition

• Fortune’s List of World’s Most Admired Companies (23rd time)
• Dow Jones Sustainability North America Index (10th time)
• Bloomberg’s Gender-Equality Index (4th consecutive year)
• Ethisphere’s World’s Most Ethical Companies (18th consecutive year)
• Points of Light’s Civic 50 List (6th consecutive year)