Aflac 2021 Enterprise & Sustainability Report: Surroundings and Local weather Danger Administration

Learn more about Aflac’s commitment to sustainability

Aflac Included’s management in company duty is centered round limiting the corporate’s carbon footprint and serving to make its communities, cities and planet extra sustainable. That is constructed on the assumption that environmentally and socially accountable enterprise actions serve to reinforce company status, enhance expertise recruitment and retention and entice new enterprise.

Aflac SmartGreen^® 

The Board’s Company Social Duty and Sustainability Committee leads the corporate’s environmental initiatives in keeping with the Aflac SmartGreen^® philosophy to properly select, use and eliminate the assets used every day and to focus these actions in 5 classes:

• Enterprise operations.
• Waste administration.
• Strategic sourcing and procurement.
• Worker engagement.
• Amenities administration.

Guided by the SmartGreen Philosophy, Aflac identifies and evaluates environmental dangers, together with local weather change, primarily based on monetary influence and likelihood. Danger profiles are monitored and reported each three months to its World Danger Committee (GRC) and its interdepartmental executives.

Aflac Japan

Beneath its 2019 Environmental Administration Declaration formalized in 2019, Aflac Japan dedicated to:

• Environmentally pleasant behaviors in its enterprise.
• Compliance with relevant legal guidelines and rules associated to the atmosphere.
• Promotion of environmental training and social contributions.
• Ongoing promotion of enhancements to the atmosphere.

Local weather Danger Administration

In 2020, Aflac achieved carbon neutrality in its Scopes 1 and a couple of greenhouse fuel emissions by lowering emissions and buying renewable power credit and carbon offsets. As well as, Aflac set the next local weather targets:

• Scale back absolute Scope 1 and a couple of emissions 75% by 2030 from a 2007 baseline.
• Carbon neutrality in all Scopes by 2040 and web zero emissions by 2050.

Aflac Included lowered mixed Scope 1 and a couple of greenhouse fuel emissions by greater than 70% from 2007 to 2020.

To be taught extra about Aflac Included’s Local weather Change 2021 submission to CDP and 2020 TCFD report, click on here.

Vitality Conservation/Effectivity and Inexperienced Buildings

In 2020, Aflac U.S. lowered its whole electrical energy consumption in owned company actual property by 21% by means of conservation and effectivity initiatives. Since 2007, conservation and effectivity efforts have lowered constructing electrical energy use by over 50% per sq. foot, saving greater than $20 million.

Aflac U.S. has a decade-plus legacy of lowering electrical energy consumption in its owned actual property, making it the primary insurance coverage firm within the U.S. to realize ISO 50001:2011 Vitality Administration Techniques certification and the one insurance coverage firm to realize each ISO 50001:2011 Vitality Administration Techniques and ISO 14001:2015 Environmental Administration certifications. Aflac re-certified underneath ISO 50001:2011 in 2019 with zero nonconformance points.

Aflac U.S. has lowered mixed Scope 1 & 2 emissions by 33% in 2020 in comparison with 2019 and 74% in comparison with 2007 by taking steps to scale back environmental influence, such because the set up of a photo voltaic array, implementing extra power environment friendly HVAC and lighting methods, in addition to the ISO:50001 Vitality Administration System primarily based on continuous enchancment.

Aflac Japan lowered emissions by 2.5% in 2020 in comparison with 2019 and 44.4% in comparison with 2007 by taking steps to scale back environmental influence, akin to setting air con at acceptable temperatures and inspiring using stairs when shifting flooring.

Aflac has a dedication to proudly owning or leasing inexperienced buildings each time possible with one Management in Vitality and Environmental Design (LEED) Gold-certified constructing within the U.S. and one in Japan. In 2017, Aflac put in 500 photo voltaic panels on one among its Columbus, Georgia, buildings, and its knowledge middle was the tenth of its sort within the U.S. to develop into Vitality STAR^®-certified in 2011.

Download the 2021 Aflac Business & Sustainability Report here