Nippon Life Insurance

Nippon Life Insurance, headquartered in JP and operating in the insurance and pension funding services industry, reported total carbon emissions of about 163,842,000 kg CO2e in 2023. This total comprises Scope 1 emissions of 31,867,000 kg CO2e, Scope 2 emissions of 49,492,000 kg CO2e, and Scope 3 emissions of 82,483,000 kg CO2e. Key categories within Scope 3 include business travel at 8,367,000 kg CO2e, employee commute at 14,642,000 kg CO2e, purchased goods and services at 12,893,000 kg CO2e, and upstream transportation and distribution at 15,163,000 kg CO2e.

Looking at historical data, Nippon Life Insurance's total emissions have shown a downward trend from approximately 253,229,000 kg CO2e in 2013 to 163,842,000 kg CO2e in 2023.

Nippon Life Insurance has set several climate commitments:

• Net-Zero Targets:

  • Net-zero for Scope 1 emissions by FY2050.
  • Net-zero for Scope 2 emissions by FY2050.
  • Overall net-zero for total emissions by FY2050, with a 51% or more decrease by FY2030 (compared to FY2013).

• Near-Term Reduction Targets (Absolute):

  • Scope 1: A 51% or more reduction by Fiscal 2030, using Fiscal 2013 as the base year.
  • Scope 2: A 51% or more reduction by Fiscal 2030, using Fiscal 2013 as the base year.
  • Scope 1 & 2 (Combined): A 50% decrease compared to 2013 by 2030.

• Near-Term Reduction Targets (Intensity):

  • Scope 3 (Total): Reduce by more than or equal to 49% by Fiscal 2030, compared to Fiscal 2020.