Meiji Yasuda Life
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 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Meiji Yasuda Life's reported carbon emissions
In 2023, Meiji Yasuda Life reported total carbon emissions of approximately 111,153,000 kg CO2e, comprising 13,600,000 kg CO2e from Scope 1, 56,409,000 kg CO2e from Scope 2, and 48,169,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting across all three scopes. Over the years, the company has shown fluctuations in its emissions. For instance, in 2022, total emissions were about 202,378,000 kg CO2e, with Scope 1 emissions at 24,980,000 kg CO2e, Scope 2 at 70,076,000 kg CO2e, and Scope 3 at 82,014,000 kg CO2e. Notably, there was a significant reduction in Scope 1 emissions from 2022 to 2023, indicating a potential focus on improving operational efficiency. Despite these figures, Meiji Yasuda Life has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of defined targets suggests an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability and emissions reduction. Overall, while Meiji Yasuda Life has made strides in emissions reporting, further commitments and clear reduction goals could strengthen its position in the climate-conscious market.
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| 2013 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 12,490,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 41,077,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 70,076,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Meiji Yasuda Life is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
