Aflac Incorporated announced today that it has published its second Sustainability Bond Report two years after issuing its first sustainability bond on March 8, 2021. The sustainability bond reinforces the company's longstanding commitment to uphold the core values of our business approach that balances purpose and profit. With the publication, the Company has fulfilled its commitment to publish such a report every year until fully allocated.

The report details that since the issuance, $397 million, which represents 100% of the net proceeds, has been allocated to four Eligible Categories under Aflac Incorporated's Sustainability Bond Framework: Communities, Green Buildings, Renewable Energy and Socioeconomic Advancement and Empowerment. These categories also align with and incorporate the priorities set forth in the Sustainable Development Goals (SDGs) adopted by all United Nations Member States in 2015. The report also describes, where feasible, the estimated environmental and social impacts of the assets, which range from 268,700 megawatts of solar power generation to 18,064 patients receiving access to quality healthcare.

While the Framework permits net proceeds to be attributed to investments in or financings of Eligible Sustainability Assets completed up to 36 months before the issuance of a Sustainability Bond, 88% of the investments were new investments.  

Commenting on the report, Aflac Incorporated President and Chief Operating Officer Frederick J. Crawford said: "In today's environment, there is a demand from both customers and investors to balance purpose and profit like never before, and that is what we are doing. Call it corporate social responsibility; environmental, social and governance; or just doing the right thing. At Aflac, we believe that helping our stakeholders and the people in our communities have a better quality of life, while being mindful of environmental impacts, is not only the right thing to do, but that it also makes good business sense and gives people a greater desire to be affiliated with of our company. As we strive to deliver value to the people who depend upon us, we will continue to identify ways to advance the approach that is known as The Aflac Way."

Investors may learn more about Aflac Incorporated and its commitment to environmental, social, and governance (ESG), and social responsibility, including through its 2022 Task Force on Climate-related Financial Disclosures (TCFD) Report, at investors.aflac.com under "Sustainability."