Dai-ichi Life Holdings, Inc.

Dai-ichi Life Holdings, Inc., headquartered in Japan and operating in insurance and pension funding services, has reported significant carbon emissions and established ambitious climate commitments.

For the fiscal year 2024, Dai-ichi Life Holdings reported total emissions of approximately 268.4 billion kg CO2e. This figure is comprised of Scope 1 emissions totalling approximately 26.1 million kg CO2e, Scope 2 emissions at approximately 6.7 million kg CO2e (market-based), and Scope 3 emissions amounting to approximately 235.6 billion kg CO2e. Within Scope 3, the largest contributors were capital goods at approximately 189.8 billion kg CO2e, followed by fuel and energy-related activities at approximately 15.0 billion kg CO2e, and purchased goods and services at approximately 15.9 billion kg CO2e.

Looking at previous years, total emissions in fiscal year 2023 were approximately 174.0 billion kg CO2e, with Scope 1 at about 34.2 million kg CO2e, Scope 2 at roughly 8.6 million kg CO2e (market-based), and Scope 3 at approximately 139.8 billion kg CO2e. In fiscal year 2022, total emissions reached approximately 375.0 billion kg CO2e, comprising Scope 1 at about 33.8 million kg CO2e, Scope 2 at approximately 11.1 million kg CO2e (market-based), and a substantial Scope 3 of around 341.2 billion kg CO2e.

Dai-ichi Life Holdings has committed to achieving net-zero emissions by fiscal year 2040 for its group carbon emissions (Scope 1 + 2), with an interim target of a 75% reduction by fiscal year 2030 compared to fiscal year 2019 levels. For its investment portfolio (Scope 3 downstream), the company aims for net-zero emissions by 2050, with an interim target of a 50% reduction by fiscal year 2030 compared to fiscal year 2020. Furthermore, Scope 3 emissions, excluding investments and loans, target a 30% reduction by fiscal year 2030 (compared to fiscal year 2019), with a long-term goal of net-zero by fiscal year 2050. Notably, for Scope 3 emissions in the investment portfolio, a 25% reduction by 2025 was set as a target, building upon 2020 figures. An earlier reported reduction of Scope 3 emissions (Category 15, financed emissions) indicated a 25% reduction target for Dai-ichi Life by 2050.