TAL DAIICHI LIFE AUSTRALIA LIMITED (TAL)

TAL is an Australian life insurer. For over 150 years, TAL has been protecting what matters most: people. Together with our partners, we insure five million customers¹, helping Australians through life’s toughest times and supporting community confidence and resilience.

As part of TAL’s commitment to supporting community confidence and resilience, TAL has become a carbon-neutral business.

To learn more about TAL, visit www.tal.com.au

What does NoCO2 Certification mean?

By meeting the requirements of the NoCO2 Program, TAL is certified as a Carbon Neutral Business by the Carbon Reduction Institute (CRI). This means that TAL can be promoted and marketed as such and can display the NoCO2 logo issued by CRI. To achieve this status and become carbon neutral TAL undertook the following process:

1. Commissioned a NoCO2 audit from CRI to measure their carbon footprint for CY2019. CRI’s NoCO2 audit follows the standards outlined by the World Business Council for Sustainable Development’s Greenhouse Gas Protocol Corporate Accounting and Reporting Standard, in addition to the international standard ISO 14064.1.
2. Have committed to offset their unavoidable emissions through the purchase of units in approved projects under the Verified Carbon Standard (VCS) and Gold Standard, and
3. Committed to ongoing annual auditing of their emissions.What Carbon Credit Projects does TAL purchase offsets from?

What Carbon Credit Projects does TAL purchase offsets from?

India: Clean Energy from Wind Projects & Biomass Projects

The Projects:

Wind projects partially displace electricity currently generated from grid-connected conventional fossil fuel-based thermal power plants, while reducing emissions. Wind projects reduce the emission of greenhouse gases and limit local air pollution, curtailing its negative health impacts. In addition to its environmental benefits, the implementation of the project creates job opportunities for local workers, contractors, and suppliers, while the operation and maintenance of the wind park generate long-term employment positions.

Biomass projects are implemented in small or large industrial plants. Their aim is to use agricultural waste or other non-renewable biomass residues as fuel to generate power and to lower the plants’ dependence on the local grid for electricity. Before the implementation of the project, the electricity needs of such plants were met by power from a coal-dominated grid. To meet the rising energy demands in production, a new efficient biomass boiler was installed together with a steam turbine, producing both steam and electricity. The new boilers are fuelled with locally available agricultural waste instead of traditional, emission-intensive coal.

Beyond the reduction of greenhouse gases, these projects contribute to local sustainable development by:

• Creating jobs
• Alleviating the load on the unstable regional electricity grid
• Reducing the dependence on energy imports on a national level
• Creating a business case for regional empowerment through environmentally friendly technology, and
• Biomass projects create additional income for farmers from agricultural waste.

¹ Based on insured customer policies and insured members of superannuation funds across Group, Retail and Direct and may include duplicate lives insured as at 31 March 2025.