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Public Profile
Financial Intermediation
JP
updated a month ago

Hokuhoku Financial Sustainability Profile

Company website

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.

30

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.

29

Industry Benchmark

Hokuhoku Financial's score of 30 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.

51%

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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) and downstream leased assets (12,175,000 kg CO2e). Hokuhoku Financial has made a notable commitment to carbon neutrality, advancing its target date from 2050 to 2030 for both Scope 1 and Scope 2 emissions. This initiative reflects the company's dedication to enhancing its decarbonisation efforts. The specific reduction targets aim to achieve net-zero emissions by 2030, demonstrating a proactive approach to climate action. The emissions data is sourced directly from Hokuhoku Financial Group, Inc., with no cascaded data from parent organisations. The company is actively working towards its climate commitments, aligning with industry standards for sustainability and environmental responsibility.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2023
Scope 1
4,325,000
Scope 2
12,802,000
Scope 3
51,874,000

How Carbon Intensive is Hokuhoku Financial's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hokuhoku Financial's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Hokuhoku Financial's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Hokuhoku Financial is in JP, which has a low grid carbon intensity relative to other regions.

Hokuhoku Financial's Scope 3 Categories Breakdown

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.

Top Scope 3 Categories

2023
Investments
43750241%
Purchased Goods and Services
39%
Capital Goods
26%
Downstream Leased Assets
23%
Upstream Transportation & Distribution
4%
Fuel and Energy Related Activities
3%
Employee Commuting
3%
Business Travel
1%
Waste Generated in Operations
<1%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Hokuhoku Financial's Emissions with Industry Peers

Dai-ichi Life Holdings, Inc.

JP
•
Insurance and pension funding services, except compulsory social security services (66)
Updated about 17 hours ago

Concordia Financial

JP
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Shinsei Bank Group

JP
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 hours ago

Mebuki Financial

JP
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

SBI Group

JP
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Resona Holdings

JP
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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