Regulations Governing Public Disclosure of Information by Life Insurance Enterprises Article 8-1

The preparation and disclosure of sustainability-related financial information by an insurance enterprise meeting the criteria in Article 8, Paragraph 1, Subparagraph 15, Item (3) shall be conducted in accordance with the following provisions and relevant laws and regulations. Where they are not required by these regulations, they shall be conducted in accordance with the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards (hereinafter referred to as the "Sustainability Disclosure Standards") recognized by the competent authority:1. The enterprise shall identify sustainability-related risks and opportunities that could reasonably be expected to affect its prospects in accordance with the Sustainability Disclosure Standards and with reference to the industry disclosure topics set by the Sustainability Accounting Standards Board (SASB). The insurance enterprise shall disclose material information that could reasonably be expected to affect its cash flows, access to finance, or cost of capital over the short, medium, or long term. "Material" refers to cases in which the omission, misstatement, or ambiguity in sustainability-related financial information that could reasonably be expected to influence decisions made by primary users of general-purpose financial reports on the basis of that information.2. The reporting entity and reporting period covered by the sustainability-related financial information shall be consistent with the financial report for the corresponding period. Except for the reporting period in the first year of the application of the Sustainability Disclosure Standards, comparative information for the previous period must also be disclosed.3. The enterprise shall issue a statement that the sustainability-related financial information has been prepared in accordance with the Sustainability Disclosure Standards recognized by the competent authority, and such information shall be fairly presented to satisfy qualitative characteristics such as relevance, faithful representation, comparability, verifiability, timeliness, and ease of understanding.4. The enterprise shall enable primary users of general-purpose financial reports to understand the connections between sustainability-related financial information and the related financial reports. The data, assumptions, and units of measurement used to prepare sustainability-related financial information shall be consistent with the financial report for the same period and any material differences shall be disclosed.5. Sustainability-related financial information shall be disclosed on core contents including governance, strategy, risk management, and metrics and targets. The enterprise may, in accordance with the relevant provisions of the Sustainability Disclosure Standards, use all reasonable and supportable information available as of the reporting date without excessive expenditures or effort, and use approaches commensurate with its skills, capabilities, and resources to disclose information in a quantitative or qualitative manner.6. In the reporting period in the first year of the application of the Sustainability Disclosure Standards, the enterprise may disclose only climate-related financial information and shall disclose this fact.7. Regarding the measurement methods for greenhouse gas emissions in climate-related financial information, except for emission sources subject to inventory in accordance with the Climate Change Response Act which shall be based on the methods prescribed by the Ministry of Environment, the enterprise shall measure emissions in accordance with the "Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting Standard" or methods prescribed by the competent authority. The enterprise shall disclose the methods and measurement practices, inputs, and assumptions applied in accordance with IFRS S2 "Climate-related Disclosures." If other measurement methods were used in the reporting period prior to first year of the application, the enterprise may continue to use such methods in the first year of the application.8. Scope 1 and Scope 2 greenhouse gas emissions information in climate-related information shall be disclosed with an assurance opinion from an independent third party obtained in a manner prescribed by the competent authority. Information on Scope 3 greenhouse gas emissions shall be disclosed in accordance with the schedule determined by the competent authority.