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Nippon Life Insurance Company

PRI reporting framework 2019

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You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

We conduct asset management from a long-term perspective, in order to ensure that we maximize the payment of steady dividends to life insurance policyholders over the long term.

In the course of investing assets, and in light of our social responsibilities as a life insurance company, we will conduct asset management based on consideration of environmental, social and governance issues according to asset characteristics. By thriving in harmony with the environment and communities, we seek to steadily grow together with other companies and the global economy as a whole.

Our main ESG investment initiatives are as follows:

●Theme investing (e.g.: Green Bonds, Social Bonds, investment and finance for renewable energy-related businesses, etc.)

●Engagement (e.g.: engagement based on the theme of ESG issues in stocks and bonds)

●Exercise of voting rights (e.g.: we exercised voting rights on all proposals with respect to domestic stocks)

●Integration (We consider a company's non-financial information such as ESG information in the process of deciding investments and financing of equities, bonds and loans.)

●Negative screening (We prohibit investing in or financing companies that manufacture cluster munitions, biological weapons, antipersonnel landmines or chemical weapons.)

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

In 2017, we established an policy on ESG Investment and Financing .

This policy covers all of our investment assets. It sets forth  guidelines for initiatives related to theme investments, engagement and other issues, along with the information sharing and  the disclosure of information.

We plan to review this policy appropriately as necessary.

Additionally, we have established the Basic Policy for Fulfilling Stewardship Responsibilities and the Policy for Examination Procedures for Exercising Voting Rights.

The aforementioned policies cover stocks, setting forth our stance on engagement, examples of engagement and our standards for examination procedures to identify portfolio companies that possess issues in an efficient and comprehensive manner.

We plan to review this policy once a year.

01.6. Additional information [Optional].

          
        
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SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

We have established a policy on managing potential conflicts of interest and strive to identify and manage any such conflicts.

Specifically, we have separated the organizations of the Corporate Marketing Sector and the Investment Management Sector, thereby establishing a structure that facilitates independent investment decision-making by the Investment Management Sector.

Additionally, in 2017 we set up the Stewardship Advisory Committee, comprising a majority of members from outside the Company, with the aim of strengthening governance of the process of exercising voting rights.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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