Aozora Bank
Aozora Bank, officially known as Aozora Bank, Ltd., is a prominent financial institution headquartered in Tokyo, Japan. Established in 1957, the bank has evolved significantly, focusing on providing a diverse range of banking services primarily in the retail and corporate sectors. With a strong presence in major operational regions across Japan, Aozora Bank has carved out a niche in the industry through its innovative financial solutions. The bank offers core products such as personal loans, corporate financing, and investment services, distinguished by its customer-centric approach and commitment to digital transformation. Aozora Bank has achieved notable milestones, including its successful transition to a publicly traded company, enhancing its market position as a reliable partner for both individuals and businesses. With a reputation for excellence, Aozora Bank continues to play a vital role in Japan's financial landscape.
DitchCarbon Score
How does Aozora Bank'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 Financial Intermediation 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
Aozora Bank's score of 22 is lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aozora Bank's reported carbon emissions
In 2022, Aozora Bank reported total carbon emissions of approximately 4,267,000 kg CO2e from Scope 2 and 1,060,000 kg CO2e from Scope 1. The bank's Scope 3 emissions included significant contributions from capital goods (2,191,000 kg CO2e), fuel and energy-related activities (1,084,000 kg CO2e), and employee commuting (379,000 kg CO2e). For 2021, the emissions were slightly higher, with Scope 1 emissions at 110,000 kg CO2e, Scope 2 at 4,884,000 kg CO2e, and Scope 3 emissions reaching 6,508,000 kg CO2e, indicating a substantial carbon footprint across all scopes. In 2020, the bank's emissions were similarly significant, with Scope 1 at 114,000 kg CO2e and Scope 2 at 6,243,000 kg CO2e. Despite these figures, Aozora Bank has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets suggests that the bank may not yet have formalised its long-term climate strategy. Overall, Aozora Bank's emissions data reflects a considerable environmental impact, with a need for clearer commitments and reduction strategies to align with global climate goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 114,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 6,243,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 9,115,000 | 00,000,000 | 0,000,000 | 00,000,000 |
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.
Aozora Bank is not participating in any 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.
