Nippon Life Insurance Sustainability Profile
Nippon Life Insurance Company, commonly referred to as Nissay, is a leading player in the life insurance industry, headquartered in Tokyo, Japan. Established in 1889, Nippon Life has a rich history marked by significant milestones, including its expansion into various international markets and the introduction of innovative insurance products. The company primarily focuses on life insurance, annuities, and asset management services, distinguishing itself through its customer-centric approach and comprehensive coverage options. With a strong market position, Nippon Life is recognised for its financial stability and commitment to policyholder satisfaction, making it one of Japan's largest and most trusted insurance providers. Its dedication to innovation and service excellence continues to set it apart in a competitive landscape.
DitchCarbon Score
How does Nippon Life Insurance'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
Nippon Life Insurance's score of 58 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nippon Life Insurance's reported carbon emissions
In 2023, Nippon Life Insurance reported total carbon emissions of approximately 163.8 million kg CO2e. This figure includes Scope 1 emissions of about 31.9 million kg CO2e, Scope 2 emissions of approximately 49.5 million kg CO2e, and Scope 3 emissions totalling around 82.5 million kg CO2e. The company has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 emissions by 2030 compared to 2013 levels, with a target of achieving net zero by 2050. Additionally, Nippon Life aims for a 20% decrease in Scope 2 emissions by 2030, also relative to 2013 levels, with the same net zero goal by 2050. Nippon Life's initiatives reflect a commitment to sustainability, with specific targets for reducing greenhouse gas emissions intensity by 49% in Scope 3 by 2030, compared to FY2020. The company is actively working towards these goals, demonstrating a proactive approach to addressing climate change and reducing its overall carbon footprint.
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| 2013 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 46,014,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 106,123,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 101,092,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Nippon Life Insurance's Industry?
How Carbon Intensive is Nippon Life Insurance's Location?
Nippon Life Insurance's Scope 3 Categories Breakdown
Nippon Life Insurance's Scope 3 emissions, which decreased by 1% last year and decreased by approximately 18% since 2013, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 18% of Scope 3 emissions.
Top Scope 3 Categories
Nippon Life Insurance'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.
Nippon Life Insurance has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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