Aozora Bank Sustainability Profile
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 49 is higher than 68% 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 2023, Aozora Bank reported total carbon emissions of approximately 3,797,000 kg CO2e, comprising Scope 1 emissions of about 95,000 kg CO2e, Scope 2 emissions of approximately 3,701,000 kg CO2e, and Scope 3 emissions totalling around 12,570,700 kg CO2e. The Scope 3 emissions breakdown includes significant contributions from capital goods (about 12,006,000 kg CO2e) and fuel and energy-related activities (approximately 1,109,000 kg CO2e). Aozora Bank has set ambitious reduction targets, aiming to decrease its Scope 1 emissions by 30% from 2020 levels by 2030 and to achieve near-zero Scope 1 emissions by 2025. Similarly, the bank plans to reduce its Scope 2 emissions by 30% from 2020 levels by 2030 and aims for near-zero Scope 2 emissions by the middle of this decade. The emissions data is not cascaded from any parent organization, indicating that Aozora Bank, Ltd. independently reports its carbon footprint and climate commitments. The bank's commitment to reducing its carbon emissions aligns with industry standards and reflects a proactive approach to addressing climate change.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 51,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 7,508,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
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Aozora Bank's Scope 3 Categories Breakdown
Aozora Bank's Scope 3 emissions, which increased by 102% last year and increased by approximately 54% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 86% of Scope 3 emissions.
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Aozora Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Aozora Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
