Nomura Asset Management

Nomura Asset Management, a financial intermediation services provider headquartered in Japan, reported its latest carbon emissions data for 2024. Its Scope 1 emissions were approximately 14.9 billion kg CO2e, primarily from stationary combustion. Scope 2 emissions (market-based) totalled approximately 1.7 billion kg CO2e, with purchased electricity being the largest contributor. Scope 3 emissions amounted to about 60.9 billion kg CO2e, including employee commute.

The company's climate commitments include a near-term net-zero target to align 55% of its investment portfolio assets with net-zero by 2050 by 2030. For its own operations, Nomura Asset Management aims to achieve net-zero GHG emissions by 2030, which includes switching to 100% renewable electricity by FY2030. Specifically, it has an absolute target to reduce Scope 1 emissions by over 40% by FY2030. Furthermore, the company, as a subsidiary of Nomura Holdings, Inc., inherits commitments to reduce Scope 1 and 2 emissions to 14,892 tonnes CO2e by 2025/26, representing a 67% reduction from 2013/14 levels. A long-term net-zero target aims for a 90% reduction across all scopes to 4,381 tonnes CO2e by 2030/31. Nomura Holdings, Inc. has also committed to transition operational and attributable GHG emissions associated with its lending and investment portfolios to align with pathways achieving net-zero by 2050.