Global Initiatives

As a responsible corporate citizen, Hanwha Life is committed to creating a sustainable society. To this end, we have supported a number of global initiatives, with a view to identifying ESG issues and implementing ESG management.

Global Initiatives table
Category		Contents
	UNEP FI (United Nations Environmental Programme Finance Initiative)	Aims to undertake a wide range of programs in partnership with the UNEP and financial institutions, in recognition of the critical role of financial institutions in sustainable development
	UNEP FI PSI (UNEP FI Principles for Sustainable Insurance)	The Principles for Sustainable Insurance declared by the UNEP FI, with a view to identifying, assessing, managing and monitoring the risks and opportunities related to environment, society and governance across the insurance value chain, including interactions with stakeholders
	TCFD (Task Force on Climate-related Financial Disclosure)	A committee established in 2015 by the FSB (FSB, Financial Stability Forum) upon the request from G20, to encourage companies to disclose information related to climate change, including climate- related governance, business strategy, risk management, climate change management targets & indicators, so that companies can effectively incorporate climate-related risks and opportunities into company-wide risk management and decision-making.
	UNGC (UN Global Compact)	The UNGC is the world’s largest voluntary corporate citizen initiative, espousing ten principles in the four areas of human rights, labor, the environment and anti-corruption to be incorporated into business operations and management strategies, in order to pursue sustainable management, enhance corporate citizenship as well as propose practical actions.
	UN SDGs (Sustainable Development Goals)	The UN SDGs were adopted by the 70th UN General Assembly in 2015 under the slogan ‘Leave no-one behind’. This initiative set the direction for the global community in the five areas of Humankind, the Earth, Prosperity, Peace and Partnership, consisting of 17 goals and 169 sub-goals to be achieved by 2030.
	CDP (Carbon Disclosure Project)	The CDP is a global climate change project that urges companies to disclose environmental information such as greenhouse gas emissions, crises and opportunities due to climate change, and carbon management strategies.
	PCAF (Partnership for Carbon Accounting Financials)	PCAF is a global partnership of financial institutions that work together to develop and implement an approach to assess and disclose the GHG emissions associated with their loans and investments. PCAF has developed an open-source global GHG accounting standard for financial institutions, the Global GHG Accounting and Reporting Standard for the Financial Industry.
	TNFD (Taskforce on Nature-related Financial Disclosures)	The Taskforce on Nature-related Financial Disclosures (TNFD) was formally announced in June 2021 to respond to the acceleration of global nature loss and decline. Based the success of the Task Force on Climate-related Financial Disclosures (TCFD), the TNFD aims to put nature at the heart of business decisions to reduce risks to nature and finance.