Meiji Yasuda Life Sustainability Profile
Meiji Yasuda Life Insurance Company, commonly referred to as Meiji Yasuda Life, is a prominent player in the Japanese insurance industry, headquartered in Tokyo, Japan. Established in 1881, the company has a rich history marked by significant milestones, including its expansion into various operational regions across Asia. Specialising in life insurance and related financial services, Meiji Yasuda Life offers a diverse range of products, including individual and group life insurance, annuities, and health insurance. What sets the company apart is its commitment to customer-centric solutions and innovative insurance products tailored to meet the evolving needs of its clients. With a strong market position, Meiji Yasuda Life is recognised for its financial stability and robust service offerings, making it a trusted choice for millions of policyholders in Japan and beyond.
DitchCarbon Score
How does Meiji Yasuda Life'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 Insurance Services 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
Meiji Yasuda Life's score of 46 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Meiji Yasuda Life's reported carbon emissions
In 2023, Meiji Yasuda Life reported total carbon emissions of approximately 111,153,000 kg CO2e from Scope 1 and 2, alongside about 48,169,000 kg CO2e from Scope 3 emissions. This marks a significant reduction from 2022, where total emissions were about 202,378,000 kg CO2e for Scope 1 and 2 and approximately 82,014,000 kg CO2e for Scope 3. The company has set ambitious climate commitments, aiming for net-zero emissions by March 31, 2051, across both Scope 1 and Scope 2. Additionally, they have revised their interim reduction target for Scope 1 and 2 emissions from a 50% reduction by FY2030 to a more aggressive 67% reduction. Meiji Yasuda Life's long-term strategy includes achieving a 100% reduction in Scope 1 and 2 emissions by FY2050, contributing to a carbon-free society. These targets reflect the company's commitment to sustainability and align with industry standards for climate action. The emissions data is sourced directly from Meiji Yasuda Life Insurance Company, with no cascaded data from parent or related organizations.
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| 2013 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | - | - | - | - | - |
| Scope 3 | 56,409,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Meiji Yasuda Life's Industry?
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Meiji Yasuda Life'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.
Meiji Yasuda Life 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.
