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 50 is higher than 96% 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 196,362,000 kg CO2e. This figure includes 27,144,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 37,664,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 196,362,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain. Comparatively, in 2022, the company’s total emissions were approximately 175,000,000 kg CO2e, indicating a slight reduction in overall emissions. The breakdown for 2022 included 28,427,000 kg CO2e from Scope 1, 42,888,000 kg CO2e from Scope 2, and 201,021,000 kg CO2e from Scope 3. Nippon Life Insurance has set ambitious climate commitments, aiming for net-zero emissions by FY2050 for both Scope 1 and Scope 2 emissions. This long-term target reflects their commitment to reducing their carbon footprint and addressing climate change proactively. The company is actively working towards these goals, with a focus on sustainable practices and reducing emissions across their operations.
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| 2013 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 39,115,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 79,246,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 242,007,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
