Norinchukin Bank
Norinchukin Bank, officially known as The Norinchukin Bank, is a prominent financial institution headquartered in Tokyo, Japan. Established in 1923, the bank primarily serves the agricultural, forestry, and fisheries sectors, positioning itself as a vital player in Japan's cooperative finance industry. With a strong presence across major operational regions, including urban and rural areas, Norinchukin Bank offers a range of core services such as loans, investment management, and financial consulting tailored to the needs of its clients. Renowned for its commitment to supporting Japan's agricultural economy, Norinchukin Bank has achieved significant milestones, including the expansion of its international operations. The bank's unique focus on sustainable finance and community development distinguishes it in the competitive banking landscape, solidifying its market position as a trusted partner for cooperative organisations and businesses alike.
DitchCarbon Score
How does Norinchukin Bank'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 Financial Intermediation 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
Norinchukin Bank's score of 33 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Norinchukin Bank's reported carbon emissions
In 2023, Norinchukin Bank reported total carbon emissions of approximately 14,409 kg CO2e, with emissions distributed across various scopes: Scope 1 emissions were about 1,409 kg CO2e, Scope 2 emissions totalled approximately 13,666 kg CO2e, and Scope 3 emissions included business travel (706 kg CO2e), employee commute (1,316 kg CO2e), purchased goods and services (309 kg CO2e), waste generated in operations (12 kg CO2e), and fuel and energy-related activities (739 kg CO2e). In 2022, the bank's total emissions were around 1,496,000 kg CO2e, with Scope 1 emissions at approximately 1,320 kg CO2e and Scope 2 emissions at about 15,732 kg CO2e. The Scope 3 emissions for that year were significantly higher, totalling approximately 1,496,000 kg CO2e, indicating a substantial impact from indirect activities. Norinchukin Bank has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, the bank's emissions data reflects a commitment to transparency in reporting its carbon footprint across all scopes. The absence of formal reduction targets suggests a potential area for future development in their sustainability strategy.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 1,990 | 00,000,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 1,305,000 | 0,000,000 | 000,000,000 | 0,000 | 0,000 |
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.
Norinchukin Bank is not committed to any reduction initiatives 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.
