'Investing Today for a Better Tomorrow': Aflac Releases 2019 Corporate Social Responsibility Report

Rhea-AI Summary

Aflac has released its 2019 Corporate Social Responsibility Report, celebrating 65 years of commitment to ethical business practices. The report highlights Aflac's initiatives in governance, workplace inclusivity, philanthropy, and environmental sustainability. Key achievements include a 64% representation of ethnic minorities and women on its board, a contribution of over $172 million to pediatric cancer support, and a 48% reduction in carbon emissions in Japan since 2004. Aflac aims to create a better future for its stakeholders while upholding its core values.

Positive

• 64% of Aflac's board members are ethnic minorities or women.
• Contributed over $172 million to help children with cancer in 2019.
• Achieved a 48% reduction in carbon emissions in Japan since 2004.

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• None.

COLUMBUS, Ga., Oct. 1, 2020 /PRNewswire/ -- Aflac, a leading provider of supplemental insurance and products in the U.S., today celebrated its 65-year commitment to be there in people's time of need, releasing its 2019 Corporate Social Responsibility (CSR) Report, "Investing Today for a Better Tomorrow." The report highlights the company's recent accomplishments to create a brighter future for its employees, customers, communities and stakeholders through ethics, philanthropy, the environment, and diversity, equity and inclusion.

"While this report reflects upon the events of last year, the magnitude of the events of 2020 cast an even greater spotlight on a company's purpose—the core values guiding its impact on the world," said Catherine Hernandez-Blades, Aflac senior vice president and chief environmental, social, governance (ESG) and communications officer. "At Aflac, being an ethical, purpose-driven company is in our DNA, as is demonstrated in the way we treat our employees, customers, investors and all stakeholders. This CSR Report highlights our investment in tomorrow for future generations, taking care of our environment and giving back to our communities."

The report includes activities in 2019 in both the U.S. and Japan. Aflac's products protect more than 50 million people worldwide. With a focus on Aflac's culture of ethical engagement with all its stakeholders, the report features key accomplishments in four areas: governance, workplace, philanthropy and environment. Highlights include:

Governance

• Aflac's commitment to diversity starts at the top: 64% of Aflac's board members are ethnic minorities or women.
• Aflac spent $24.5 million with diverse suppliers in 2019, including a 9.4% increase in minority-owned businesses and 5.2% increase in women-owned businesses.
• Aflac Japan met its goal of raising the percentage of women in leadership positions from 17.5% in 2014 to 30% in 2019.

Workplace

• Aflac Japan received the Platinum Kurumin accreditation, awarded to top-class companies that support working parents with child care assistance.
• Aflac U.S. hired 729 new employees, 58% who were ethnic minorities and 65% who were women — an increase of 20% and 16%, respectively.
• Aflac was honored as one of Ethisphere's World's Most Ethical Companies for the 13th consecutive year, the only insurance company to do so since the award's inception.

Philanthropy

• Aflac contributed more than $172 million to help children with cancer in the U.S. and Japan through 2019.
• Aflac distributed more than 6,500 My Special Aflac Ducks®, comforting robotic companions for children with cancer, free of charge, in hospitals and childhood cancer organizations across the U.S. and Japan through 2019.
• Aflac Community Giving contributed nearly $7 million to nonprofit causes, including supporting organizations for minorities, pediatric cancer, health and education in the U.S.

Environment

• Aflac Japan's carbon emissions decreased by approximately 48% since 2004.
• Aflac U.S. has saved more than $18 million in energy costs in the past eight years. In 2019, Aflac expanded its goal to include buildings and facilities in Japan.
• Aflac U.S. employees recycled 64,000 pounds of e-waste and electronics and donated 500 pairs of shoes to the Keep Columbus Beautiful Shoe Drive, diverting an additional 750 pounds from landfills in 2019.

The 2019 Aflac Corporate Social Responsibility Report marks the company's fifth year of dedicated work toward adherence to the Global Reporting Initiative (GRI) Standards, reported in IR Magazine as the world's most widely used sustainability reporting framework.* This is also the third year the report has included United Nations Sustainable Development Goals (SDGs). Disclosures that reference GRI Standards and SDGs, the latest guidelines, are noted throughout the report.

Visit Aflac.com/CSRReport to view the full 2019 Aflac Corporate Social Responsibility Report, "Investing Today for a Better Tomorrow."

About Aflac Incorporated

Aflac Incorporated (NYSE: AFL) is a Fortune 500 company, helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., where it is a leading supplemental insurer by paying cash fast when policyholders get sick or injured. For more than six decades, insurance policies of Aflac Incorporated's subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan where it insures 1 in 4 households. For 14 consecutive years, Aflac Incorporated has been recognized by Ethisphere as one of the World's Most Ethical Companies. In 2020, Fortune included Aflac Incorporated on its list of World's Most Admired Companies for the 19th time, and Bloomberg added Aflac Incorporated to its Gender-Equality Index, which tracks the financial performance of public companies committed to supporting gender equality through policy development, representation and transparency. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/espanol.

Media contact – Darcy Brito, 706.505.9762 or dbrito@aflac.com
Analyst and investor contact – David A. Young, 706.596.3264 or dyoung@aflac.com

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SOURCE Aflac

FAQ

What are the key highlights from Aflac's 2019 CSR Report?

Aflac's 2019 CSR Report highlights include a 64% representation of ethnic minorities and women on its board, over $172 million contributed to pediatric cancer support, and a 48% reduction in carbon emissions in Japan since 2004.

How much did Aflac invest in diverse suppliers in 2019?

In 2019, Aflac spent $24.5 million with diverse suppliers, showing a commitment to diversity.

What recognition did Aflac achieve for ethical practices?

Aflac was honored as one of Ethisphere's World's Most Ethical Companies for the 13th consecutive year.

How many new employees did Aflac hire in 2019?

Aflac U.S. hired 729 new employees in 2019, with 58% being ethnic minorities and 65% women.

What is Aflac's commitment to environmental sustainability?

Aflac Japan has decreased its carbon emissions by approximately 48% since 2004 and saved over $18 million in energy costs.