Nippon Life Insurance

Nippon Life Insurance, operating in insurance and pension funding services in Japan, has demonstrated a commitment to reducing its carbon footprint. In 2023, the company reported total greenhouse gas emissions of approximately 163,842,000 kg CO2e. This figure comprises Scope 1 emissions of about 31,867,000 kg CO2e, Scope 2 emissions of approximately 49,492,000 kg CO2e, and Scope 3 emissions totalling around 82,483,000 kg CO2e.

Looking back, total emissions were about 175,099,000 kg CO2e in 2022 and approximately 190,976,000 kg CO2e in 2021, indicating a downward trend. Scope 3 emissions, a significant portion of their overall impact, include categories such as business travel, employee commute, and purchased goods and services.

Nippon Life Insurance has set ambitious targets to achieve net-zero greenhouse gas emissions by fiscal year 2050 for Scope 1 and Scope 2 emissions. Furthermore, they aim for a 51% or more reduction in Scope 1 emissions by fiscal year 2030, using FY2013 as the base year. A similar target of a 51% or more reduction by FY2030 is in place for Scope 2 emissions, also based on FY2013. For Scope 3, a near-term intensity reduction target aims for a decrease of 49% or more by 2030, compared to FY2020. They also have a long-term goal of total emissions decreasing by 45% or more by FY2050, compared to FY2010. The company's latest sustainability reports are available as sources for this data.