Aflac Incorporated Releases 2022 Business and Sustainability Report

Staff Report

Monday, March 20th, 2023

Aflac Incorporated announced today that the company has released its 2022 Business and Sustainability Report, titled "The Aflac Way: Making a Difference While Balancing Purpose and Profit." The 2022 Business and Sustainability report is available at under "Sustainability."

The 2022 Business and Sustainability Report provides key insights into how Aflac Incorporated focuses on the Company's long tradition of doing what is right for its employees and communities and an overview of operations and financial results for the 2022 fiscal year. This year's report also highlights achievements of the company advancing integration of responsible investing into its investment and ownership decisions; progressing on its path to net zero emissions; committing $741 million in 2022 to sustainable and DEI investments; completely allocating the net proceeds from the $400 million sustainability bond issued by Aflac Incorporated on March 8, 2021; continuing to foster an inclusive culture in Japan and the U.S.; exceeding $165 million in contributions in support of the Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta; supporting 149,000 pediatric patients and their families who stay at the Aflac Parents House in Japan during treatments; and giving a My Special Aflac Duck® to more than 21,000 children since 2018 to provide comfort through their treatment for cancer and most 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 2022 Business and Sustainability Report, Aflac Incorporated Chairman and CEO Dan Amos commented: "Let's be clear: profits and shareholder returns determine whether a company is successful, but we have always been a company that has viewed giving back to our community as the right thing to do. This has become a part of our culture and reflected in how we operate, what we refer to as "The Aflac Way," for as long as I can remember. I'm proud of what we have accomplished by delivering solid results while focused on our social purpose. Today, customers, investors and other stakeholders want to know about a company's purpose before making decisions. We've always given back, but now it is also important to proactively share information, as we do in this report about how we balance purpose and profit."

Aflac Incorporated President and Chief Operating Officer Frederick J. Crawford added: "We believe that sustainability and financial performance must be pursued in a way that naturally coexists and serves to enhance our overall franchise value. Simply put, we focus on diversity, environment and social commitments to attract the best talent and connect with the communities we serve in a way that supports our brand and the expectations of our distribution partners and policyholders. In turn, we perform better, which attracts capital to our company, such that we can continue to grow. In the spirit of the transparency we prioritize, we've posted material that our investors have expressed an interest in seeing,"

The report also integrates various reporting frameworks, including the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), United Nations Sustainable Development Goals (SDGs) and the Global Reporting Initiative (GRI), which are easily located in the report's ESG Reporting Index.

Investors may learn more about how Aflac Incorporated balances purpose and profit at under "Sustainability" including the company's most recent TCFD Report, the Aflac U.S. 2021 EEO-1 Disclosure and the company's Carbon Disclosure Project (CDP) submission.