Aflac Way: Making a difference while balancing purpose and profit
COLUMBUS, Ga., March 21, 2022 /PRNewswire/ — Aflac Incorporated announced today that the company has released its 2021 Business and Sustainability Report, titled “The Aflac Way: Making a Difference while Balancing Purpose and Profit.” The 2021 Business and Sustainability report is available at investors.aflac.com under “Sustainability.”
The 2021 Business and Sustainability Report provides key information on Aflac Incorporated’s environmental, social and governance (ESG) goals and achievements along with an overview of operations and financial results for fiscal year 2021. The report in this The year also highlights the company’s achievements in advancing the integration of ESG into its investment and ownership decisions, including: becoming a signatory to the Principles for Responsible Investment; advancing on its path to carbon neutrality and net zero emissions; making $725 million of incremental commitments in qualifying investments that address economic mobility and social inequity; assigning $252 million to green and social investments within the first year of the issuance of the company’s first sustainability bond; continue to foster an inclusive culture in Japan and the United States; excessive $157 million in contributions in support of Aflac Cancer and Blood Disorders Center of Children’s Healthcare of atlanta; supporting 140,000 pediatric patients and their families staying at Aflac Parents House in Japan during treatments; and awarding a My Special Aflac Duck® to more than 13,000 children since 2018 to provide comfort during their treatment for cancer and, more recently, sickle cell disease. It also highlights Aflac Incorporated’s focus on strong governance and commitment to being a good steward of the environment.
About the 2021 Business and Sustainability Report, President and CEO of Aflac Incorporated give masters commented, “I don’t think it’s a coincidence that Aflac has achieved success while focusing on doing the right things. In fact, I think they go hand in hand. I’m proud of what we’ve achieved in terms of our social purpose and business results.” profit—in other words, balancing purpose and profit.Throughout this report, you’ll see Aflac’s strong business strategies, unique company culture, and commitment to doing business the right way, including our commitment to diversity, the environment, governance and our communities. All of this is done through the lens of balancing purpose and benefit.”
President and Chief Operating Officer of Aflac Incorporated Frederick J. Crawford added: “ESG is about doing the right thing not only for our shareholders, but also for our employees, policyholders and the communities in which they live and work. We have always had a purpose, but now we have the support of the parties stakeholders and the measurement tools to help us achieve our profit goals in a way that also meets our environmental and social goals We recognize that to become and remain an industry leader in ESG, every company, including Aflac, needs to continuously adapt, And that’s what we’re doing.In the spirit of transparency we prioritize, we’ve published material that our investors have expressed an interest in seeing, including the company’s 2020 Task Force on Climate-Related Financial Disclosures (TCFD) Report. , the Aflac US 2020 EEO-1 Disclosure, and the company’s Carbon Disclosure Project (CDP) filing.”
The report also integrates various reporting frameworks, including the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-Related Financial Disclosures (TCFD), the United Nations Sustainable Development Goals (SDGs) and the Global Reporting Initiative (GRI), which are easily located in the report’s ESG reporting index.
Investors can learn more about Aflac Incorporated and its commitment to environment, society and governance (ESG) and social responsibility at investors.aflac.com under “Sustainability.” It featured the company’s 2020 Task Force on Climate-Related Financial Disclosures (TCFD) Report, Aflac US 2020 EEO-1 Disclosure, and the company’s Carbon Disclosure Project (CDP) presentation.
ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL) is a Fortune 500 company that helps protect more than 50 million people through its subsidiaries in Japan and the US, where it is a leading supplemental insurer by paying cash quickly when policyholders get sick or injured. For more than six decades, insurance policies from affiliates of Aflac Incorporated have given policyholders the opportunity to focus on recovery, not financial stress. In the US, Aflac is the number one provider of workplace/voluntary insurance products. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 out of every 4 homes. In 2021, Aflac Incorporated was proud to be listed as one of the World’s Most Ethical Companies by Ethisphere for 16the consecutive year, Fortune’s list of the world’s most admired companies for the 21stSt. time, and in the Dow Jones Sustainability North America index. In 2021, Aflac Incorporated also became a signatory to the Principles for Responsible Investment (PRI), and in 2022, the Bloomberg Gender Equality Index included Aflac Incorporated for the third consecutive year. To find out how to get help with expenses that health insurance doesn’t cover, meet us at aflac.com or aflac.com/espanol. Investors can learn more about Aflac Incorporated and its commitment to ESG and social responsibility at investors.aflac.com under “Sustainability.”
INFORMATION WITH FUTURE PROJECTIONS
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” to encourage companies to provide forward-looking information, provided that such information statements are identified as forward-looking and are accompanied by significant cautionary statements that identify important factors that could cause actual results to differ materially from those included in the forward-looking statements. The company wants to take advantage of these provisions. This document contains cautionary statements that identify important factors that could cause actual results to differ materially from those projected in this document, and in any other statements made by company officials in communications with the financial community and contained in documents filed with the Securities and Exchange Commission (SEC). . Forward-looking statements are not based on historical information and relate to future operations, strategies, financial results or other developments. In addition, forward-looking information is subject to numerous assumptions, risks and uncertainties. In particular, statements containing words such as “expect”, “anticipate”, “believe”, “goal”, “target”, “may”, “should”, “estimate”, “intend”, “project”, ” be”. , “estimates,” “potential,” “target,” “outlook,” or similar words, as well as specific projections of future results, generally qualify as forward-looking. Aflac undertakes no obligation to update any such forward-looking statements.
The Company cautions readers that the following factors, in addition to other factors mentioned from time to time, could cause actual results to differ materially from those contemplated in forward-looking statements:
- Difficult conditions in the global economy and capital markets, including those caused by COVID-19
- Investment defaults and credit downgrades
- exposure to significant interest rate risk
- business concentration in Japan
- limited availability of acceptable yen-denominated investments
- currency fluctuations in the yen/dollar exchange rate
- divergent judgments applied to investment valuations
- Significant valuation judgments in determining expected credit losses recorded on the Company’s investments
- decreases in the financial strength or debt ratings of the Company
- decline in the solvency of other financial institutions
- concentration of the Company’s investments in a single issuer or particular sector
- the effects of COVID-19 and its variants (both known and emerging), and any resulting economic effects and government interventions, on the Company’s business and financial results
- ability to attract and retain qualified sales associates, brokers, employees, and distribution partners
- deviations in actual experience from pricing and booking assumptions
- ability to continue to develop and implement enhancements to information technology systems
- disruption in telecommunications, information technology, and other operating systems, or failure to maintain the security, confidentiality, or privacy of sensitive data residing on such systems
- ability of subsidiaries to pay dividends to the parent
- limitations inherent in risk management policies and procedures
- the operational risks of external providers
- tax rates applicable to the Company may change
- breach of restrictions on policyholder privacy and information security
- extensive regulation and changes in law or regulation by government authorities
- competitive environment and ability to anticipate and respond to market trends
- catastrophic events, including, but not limited to, as a result of climate change, epidemics, pandemics (such as the COVID-19 coronavirus), tornadoes, hurricanes, earthquakes, tsunamis, war or other military action, terrorism or other acts of violence, and incidental damage to such events
- ability to protect the Aflac brand and the Company’s reputation
- ability to effectively manage the succession of key executives
- changes in accounting standards
- level and outcome of litigation
- allegations or determinations of misclassification of workers in the United States
Analyst and investor contact – David A. Young706.596.3264 or 800.235.2667 or [email protected]
Media contact – Ines Gutzmer762.207.7601 or [email protected]
SOURCE Aflac Incorporated
