Process for Identifying Material Issues

Material Issues of the Dai-ichi Life Group

The Dai-ichi Life Group selected the following material social issues it will focus on to contribute to achieving the well-being of all.
Specifically, we evaluated the priority and importance of the social issues the Group should tackle in the context of: (i) stakeholder expectations; (ii) affinity with the Group's philosophy and/or vision; and (iii) direction of business activities, and incorporated initiatives to tackle these social issues into the business strategy in the medium-term management plan, Re-connect 2023.

Selection Process for Material Issues

  • Step 1
    Identifying and organizing social issues

    • In order to study the priority and importance of the social issues to be tackled more specifically, we grouped the 17 goals and 169 targets of the SDGs according to their purposes, and came up with the 50 social issues as shown in
50 Social Issue Themes

Toward Realization of the SDGs

SUSTAINABLE DEVELOPMENT GOALS

The Dai-ichi Life Group will continue fulfilling our mission, “By your side, for life,” going forward, by providing products and services that help to improve peoples' quality of life and thereby contributing to the realization of the SDGs.
Specifically, in addition to economic protection, which is the traditional role of insurance, we will aim to increase the unique value provided by the Group that goes beyond the conventional insurance business model, such as promoting health and preventing illnesses from becoming serious, and aim to solve social issues such as extending asset longevity and healthy lifespans.
Additionally, Dai-ichi Life will strive to realize the SDGs by proactively engaging in ESG investment as a responsible institutional investor and solving social issues around the world and in Japan.

  • Step 2
    Evaluating Priority Level
    Evaluating Importance Level

    • We ranked the priority level of the 50 social issues based on the expectations of stakeholders, including international organizations, bodies that formulate guidelines*1, NGOs, rating agencies that provide ESG information to investors*2, and industry groups.
      • *1
        ISO, GRI, SASB, etc.
      • *2
        MSCI ESG Indexes, FTSE4Good Index Series, etc.
    • We ranked the importance level based on the social issues that insurance companies are tackling in Japan and overseas.
  • Step 3
    Selecting Material Issues

    • We identified material issues for an insurance company and incorporated relevance to Group philosophy and contribution to improving well-being of all people in to organize the positioning and expression of the individual material issues.
      After engaging in dialogue with outside experts, we selected 14 material issues.
Selection of Material Issues

Reference (2) Factors with a Big Impact on Life Satisfaction

The results of a survey on what has an impact on life satisfaction conducted by Japan's Cabinet Office listed seven factors with a big impact on satisfaction levels. Four of these factors are related to Asset Formation/ Succession, Health and Medical Care, and Enhancing Connections. The Dai-ichi Life Group believes that working to improve these factors will pave the way to improving quality of life.

Factors that Impact Overall Subjective Satisfaction