Hokuhoku Financial Sustainability Profile
Hokuhoku Financial Group, commonly referred to as Hokuhoku FG, is a prominent financial institution headquartered in Japan. Established in 2000, the company has rapidly expanded its operations across key regions, including Hokkaido and Tokyo, solidifying its presence in the Japanese financial landscape. Specialising in banking, asset management, and insurance services, Hokuhoku FG distinguishes itself through its customer-centric approach and innovative financial solutions. The firm has achieved notable milestones, including the integration of advanced technology to enhance service delivery and operational efficiency. With a strong market position, Hokuhoku Financial Group is recognised for its commitment to sustainable growth and community engagement, making it a trusted partner for individuals and businesses alike in Japan's competitive financial sector.
DitchCarbon Score
How does Hokuhoku 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
Hokuhoku Financial's score of 43 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hokuhoku Financial's reported carbon emissions
In 2023, Hokuhoku Financial reported total carbon emissions of approximately 60,000,000 kg CO2e, comprising 4,325,000 kg CO2e from Scope 1, 12,802,000 kg CO2e from Scope 2, and 51,874,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions include significant contributions from purchased goods and services (20,125,000 kg CO2e), downstream leased assets (12,175,000 kg CO2e), and employee commuting (1,528,000 kg CO2e). Hokuhoku Financial has set ambitious climate commitments, bringing forward its carbon neutrality target from 2050 to 2030 for both Scope 1 and Scope 2 emissions. This initiative aims to enhance decarbonisation efforts significantly. The company is actively working towards these targets, which are detailed in their Integrated Report for 2023. The emissions data is not cascaded from any parent organisation, indicating that Hokuhoku Financial independently reports its carbon footprint and climate strategies. The company is committed to transparency and accountability in its climate actions, aligning with industry standards for emissions reporting.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 4,325,000 | 0,000,000 |
| Scope 2 | 12,802,000 | 00,000,000 |
| Scope 3 | 51,874,000 | 00,000,000 |
How Carbon Intensive is Hokuhoku Financial's Industry?
How Carbon Intensive is Hokuhoku Financial's Location?
Hokuhoku Financial's Scope 3 Categories Breakdown
Hokuhoku Financial's Scope 3 emissions, which increased by 0% last year and increased by approximately 0% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 75% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 43750241% of Scope 3 emissions.
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Hokuhoku 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.
Hokuhoku 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.
