Nippon Life Insurance
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 55 is higher than 72% 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 163,842,000 kg CO2e. This figure includes Scope 1 emissions of about 31,867,000 kg CO2e, Scope 2 emissions of around 49,492,000 kg CO2e, and Scope 3 emissions totalling approximately 82,483,000 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero emissions across both Scope 1 and Scope 2 by 2050, as outlined in their sustainability reports. For near-term targets, Nippon Life Insurance plans to reduce Scope 1 emissions by at least 51% by fiscal year 2030, using 2013 as the base year. Similarly, they aim for a 51% reduction in Scope 2 emissions by the same year. Additionally, the company has set a target to decrease Scope 3 emissions intensity by at least 49% compared to fiscal year 2020 by 2030. Nippon Life Insurance's commitment to sustainability is further reinforced by their long-term goal of achieving a 20% reduction in overall greenhouse gas emissions compared to 2013 levels by 2030, alongside their net-zero target by 2050. These initiatives reflect the company's proactive approach to addressing climate change and reducing its 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 |
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.
Nippon Life Insurance is participating in some of the initiatives that 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.
