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COLUMBUS, Ga., March 8, 2021 /PRNewswire/ — Aflac Integrated introduced immediately that it has closed its first sustainability bond, additional reinforcing the corporate’s longstanding dedication to uphold the core values of our “people-first” enterprise method that balances goal and revenue. The corporate’s core values embrace reinforcing and working with the utmost respect for the environment and the communities we serve.
The corporate issued $400 million principal quantity of 1.125% senior notes due 2026.
The corporate intends to allocate an quantity a minimum of equal to the web proceeds from the providing completely to present or future investments in, or financing of, initiatives which offer environmental or social advantages, assembly eligibility standards below the Aflac Integrated Sustainability Framework inside eight classes: renewable power, power effectivity, inexperienced buildings, clear transportation, sustainable water administration, air pollution prevention and management; socio-economic development and empowerment; and communities. These classes additionally align with and incorporate the priorities set forth within the Sustainable Improvement Targets adopted by all United Nations Member States in 2015.
Integrating ESG components into Aflac Integrated’s enterprise has been a crucial a part of the corporate’s operations for greater than 30 years and extends to International Investments’ core funding philosophy. The corporate believes this method results in higher selections with respect to the sustainability of an funding and its danger and return profile, whereas serving to to make a constructive monetary and social affect on all of Aflac’s stakeholders.
Commenting on the issuance, Aflac Integrated President and Chief Working Officer Frederick J. Crawford stated: “This inaugural providing reinforces our dedication to advancing the priorities we now have lived and breathed for many years as a compassionate firm and good company citizen. Being true to what our firm stands for is simply as essential because the services and products we offer. This method creates a constructive cycle that begins with the constructing of enterprise worth, then supporting an extra dedication of sources towards our sustainability efforts, perpetuating our means to make a distinction. Our work to this point has paved the best way for what we consider helps to make a direct and measurable constructive affect on society and the setting. As we attempt to ship worth to the individuals who depend on us, together with policyholders, shareholders, bondholders, staff and the communities through which we function, we’ll proceed to determine methods to advance the method that is called The Aflac Manner.”
Sustainalytics, a number one world unbiased supplier of ESG and company governance analysis and rankings, has reviewed and verified that Aflac Integrated’s Sustainability Bond Framework aligns with the Sustainability Bond Tips 2018, Inexperienced Bond Rules 2018, and Social Bond Rules 2020, as revealed by the Worldwide Capital Market Affiliation. Aflac Integrated’s Sustainable Bond Framework could also be discovered at investors.aflac.com below “Assets”.
Buyers could be taught extra about Aflac Integrated at investors.aflac.com. For extra details about Aflac Integrated’s sustainability and ESG efforts, please go to esg.aflac.com.
ABOUT AFLAC INCORPORATED
Aflac Integrated (NYSE: AFL) is a Fortune 500 firm, serving to present safety to greater than 50 million individuals by means of its subsidiaries in Japan and the U.S., the place it’s a main supplemental insurer by paying money quick when policyholders get sick or injured. For greater than six many years, insurance coverage insurance policies of Aflac Integrated’s subsidiaries have given policyholders the chance to concentrate on restoration, not monetary stress. Aflac Life Insurance coverage Japan is the main supplier of medical and most cancers insurance coverage in Japan, the place it insures 1 in 4 households. Fortune journal acknowledged Aflac as one of many 100 Finest Corporations to Work for in America for 20 consecutive years. For 15 consecutive years, Aflac has been included on Ethisphere’s listing of the World’s Most Moral Corporations. In 2021, Fortune included Aflac Integrated on its listing of World’s Most Admired Corporations for the twentieth time, and Bloomberg added Aflac Integrated to its Gender-Equality Index for the second time, which tracks the monetary efficiency of public corporations dedicated to supporting gender equality by means of coverage growth, illustration and transparency. To discover ways to get assist with bills medical health insurance would not cowl, get to know us at aflac.com.
FORWARD-LOOKING INFORMATION
The Personal Securities Litigation Reform Act of 1995 supplies a “secure harbor” to encourage corporations to offer potential info, as long as these informational statements are recognized as forward-looking and are accompanied by significant cautionary statements figuring out essential components that might trigger precise outcomes to vary materially from these included within the forward-looking statements. The corporate wishes to make the most of these provisions. This doc incorporates cautionary statements figuring out essential components that might trigger precise outcomes to vary materially from these projected herein, and in some other statements made by firm officers in communications with the monetary group and contained in paperwork filed with the Securities and Trade Fee (SEC). Ahead-looking statements are usually not primarily based on historic info and relate to future operations, methods, monetary outcomes or different developments. Moreover, forward-looking info is topic to quite a few assumptions, dangers and uncertainties. Particularly, statements containing phrases reminiscent of “anticipate,” “anticipate,” “consider,” “objective,” “goal,” “could,” “ought to,” “estimate,” “intends,” “initiatives,” “will,” “assumes,” “potential,” “goal,” “outlook” or comparable phrases in addition to particular projections of future outcomes, usually qualify as forward-looking. Aflac undertakes no obligation to replace such forward-looking statements.
The corporate cautions readers that the next components, along with different components talked about sometimes, may trigger precise outcomes to vary materially from these contemplated by the forward-looking statements:
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• tough circumstances in world capital markets and the financial system, together with these brought on by COVID-19 |
• subsidiaries’ means to pay dividends to the Mum or dad Firm |
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• defaults and credit score downgrades of investments |
• inherent limitations to danger administration insurance policies and procedures |
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• publicity to vital rate of interest danger |
• focus of the Firm’s investments in any specific single-issuer or sector |
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• focus of enterprise in Japan |
• occasions associated to the Japan Put up investigation and different issues |
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• restricted availability of acceptable yen- denominated investments |
• tax charges relevant to the Firm could change |
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• overseas foreign money fluctuations within the yen/greenback alternate charge |
• failure to adjust to restrictions on policyholder privateness and knowledge safety |
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• differing judgments utilized to funding valuations |
• intensive regulation and adjustments in regulation or regulation by governmental authorities |
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• vital valuation judgments in dedication of anticipated credit score losses recorded on the Firm’s investments |
• aggressive setting and talent to anticipate and reply to market developments |
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• decreases within the Firm’s monetary energy or debt rankings |
• catastrophic occasions together with, however not essentially restricted to, epidemics, pandemics (such because the coronavirus COVID-19), tornadoes, hurricanes, earthquakes, tsunamis, battle or different navy motion, terrorism or different acts of violence, and injury incidental to such occasions |
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• decline in creditworthiness of different monetary establishments |
• means to guard the Aflac model and the Firm’s popularity |
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• the consequences of COVID-19, and any ensuing financial results and authorities interventions, on the Firm’s enterprise and monetary outcomes |
• means to successfully handle key govt succession |
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• means to draw and retain certified gross sales associates, brokers, staff, and distribution companions |
• adjustments in accounting requirements |
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• deviations in precise expertise from pricing and reserving assumptions |
• stage and consequence of litigation |
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• means to proceed to develop and implement enhancements in info expertise methods |
• allegations or determinations of employee misclassification in the US |
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• interruption in telecommunication, info expertise and different operational methods, or a failure to keep up the safety, confidentiality or privateness of delicate knowledge residing on such methods |
Analyst and investor contact – David A. Younger, 706.596.3264 or 800.235.2667 or [email protected]
Media contact – Ines Gutzmer, 762.207.7601 or [email protected]
SOURCE Aflac Integrated
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