Sompo Holdings
Sompo Holdings, Inc., a leading player in the insurance and financial services industry, is headquartered in Tokyo, Japan. Founded in 1888, the company has established a strong presence across Asia, Europe, and the Americas, providing a diverse range of services. Sompo is renowned for its comprehensive insurance solutions, including property and casualty insurance, life insurance, and asset management, distinguished by a customer-centric approach and innovative risk management strategies. With a commitment to sustainability and social responsibility, Sompo Holdings has achieved notable milestones, including its recognition as a top insurer in Japan. The company’s unique offerings, such as its advanced digital insurance solutions, position it as a market leader, continually adapting to the evolving needs of its clients while maintaining a strong focus on quality and reliability.
DitchCarbon Score
How does Sompo Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sompo Holdings's score of 61 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sompo Holdings's reported carbon emissions
In 2023, Sompo Holdings reported total carbon emissions of approximately 306,876,000 kg CO2e. This figure includes 39,311,000 kg CO2e from Scope 1 emissions, 128,054,000 kg CO2e from Scope 2 emissions, and 139,511,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions encompass significant categories such as business travel (22,880,000 kg CO2e) and purchased goods and services (22,168,000 kg CO2e). Over the years, Sompo Holdings has demonstrated a commitment to reducing its carbon footprint. The company has set an ambitious target to achieve a 60% reduction in its greenhouse gas emissions across all scopes (excluding insurance underwriting, investments, and loans) by 2030, using 2017 as the baseline year. Furthermore, Sompo aims for net-zero emissions by 2050. The company’s emissions have shown a downward trend since 2017, when total emissions were approximately 412,771,000 kg CO2e. This reduction reflects ongoing efforts to enhance sustainability practices within its operations. Sompo Holdings continues to engage in initiatives aimed at mitigating climate impact, aligning with industry standards and global climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,784,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 196,233,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 172,753,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Sompo Holdings is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
