what would be the significant contribution of the society as well as the government in mitigating the hazards caused by climate change?
Answers
With the adoption of the 2015 Paris Agreement, a framework agreement on climate change, governments around the world agreed to keep the increase in the global average temperature well-below 2ºC from pre-Industrial Revolution levels, and to work to limit this increase to 1.5ºC.
To that end, the world’s greenhouse gas emissions must be peaked out as soon as possible and then reach a balance with greenhouse gas absorption (forests, etc.) in the second half of the 21st century. A transition to a decarbonized society, with substantial reduction of greenhouse gas emissions, should be made in adapting to climate change.
As an insurer, the MS&AD Insurance Group is addressing the accumulation risks of cumulative damage due to natural disasters while promptly ascertaining social changes to advance the level of its own risk management. We are working to reduce the environmental burden accompanying our business activities with a target at 70% reduction by FY2050 using FY2009 as a benchmark year.
Furthermore, we will continue to support sustainable development by providing insurance and consulting services designed to reduce damage and loss incurred in corporate and other activities due to abnormal weather stemming from climate change, and by developing products/services that help advance the transition to a decarbonized society.