Concordia Financial Sustainability Profile
Concordia Financial Group, often referred to as Concordia, is a prominent financial services provider headquartered in Japan's vibrant city of JP. Established in 2016, the company has rapidly positioned itself as a key player in the banking and financial sector, primarily serving the Kanto region and beyond. Specialising in a diverse range of services, including retail banking, asset management, and corporate finance, Concordia distinguishes itself through its customer-centric approach and innovative financial solutions. The firm has achieved notable milestones, such as expanding its digital banking capabilities, which enhance user experience and accessibility. With a strong commitment to sustainability and community engagement, Concordia Financial continues to solidify its market position, earning recognition for its contributions to the financial landscape in Japan.
DitchCarbon Score
How does Concordia Financial'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
Concordia Financial's score of 30 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Concordia Financial's reported carbon emissions
In 2022, Concordia Financial reported total carbon emissions of approximately 89,581,000 kg CO2e. This figure includes 843,000 kg CO2e from Scope 1 emissions, 6,804,000 kg CO2e from Scope 2, and a significant 81,931,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions are primarily driven by purchased goods and services, which account for about 48,619,000 kg CO2e. The company has set ambitious climate commitments, aiming for carbon neutrality by 2030, a significant advancement from their previous target of 2050. They have established a target to achieve an 80% reduction in CO2 emissions from FY2013 levels by FY2024, applicable to both Scope 1 and Scope 2 emissions. This commitment reflects their proactive approach to addressing climate change and reducing their carbon footprint. In 2021, Concordia's total emissions were reported at approximately 93,467,000 kg CO2e, with Scope 1 emissions at 736,000 kg CO2e and Scope 2 at 14,781,000 kg CO2e. The Scope 3 emissions for that year were approximately 96,111,000 kg CO2e, indicating a trend of high emissions primarily from upstream activities. Concordia Financial's climate strategy is not only focused on immediate reductions but also aligns with broader industry standards and expectations for sustainability, demonstrating their commitment to responsible environmental stewardship.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 912,000 | 000,000 | 000,000 |
| Scope 2 | 20,345,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 95,853,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Concordia Financial's Industry?
How Carbon Intensive is Concordia Financial's Location?
Concordia Financial's Scope 3 Categories Breakdown
Concordia Financial's Scope 3 emissions, which decreased by 15% last year and decreased by approximately 15% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 59% of Scope 3 emissions.
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Concordia Financial'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.
Concordia Financial 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.
