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 35 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Norinchukin Bank's reported carbon emissions
In 2023, Norinchukin Bank reported total carbon emissions of approximately 18,157,000 kg CO2e. This includes Scope 1 emissions of about 2,658,000 kg CO2e, Scope 2 emissions of approximately 13,216,000 kg CO2e, and Scope 3 emissions totalling around 9,609,000 kg CO2e. Notably, the bank's Scope 3 emissions include significant contributions from business travel (706,000 kg CO2e) and employee commuting (1,316,000 kg CO2e). Comparatively, in 2022, the bank's total emissions were about 19,925,000 kg CO2e, with Scope 1 at approximately 17,052,000 kg CO2e and Scope 2 at around 15,526,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Norinchukin Bank has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions from its facilities by fiscal 2030. Additionally, the bank has established a target to reduce CO2 emissions from its portfolio by 75.25% by FY2023 compared to FY2019 levels. For Scope 2 emissions, the bank plans to transition to 90% renewable energy by FY2030 and achieve 100% by FY2050. These initiatives reflect Norinchukin Bank's commitment to addressing climate change and reducing its carbon footprint in alignment with global sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 1,389,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 20,760,000 | 00,000,000 | 0,000 | 00,000,000 |
| Scope 3 | 1,305,000 | 0,000,000 | 000 | 0,000,000 |
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.
Norinchukin Bank is not participating in any 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.
