Public Profile

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.

41

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.

3

Industry Benchmark

Norinchukin Bank's score of 41 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.

92%

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Norinchukin Bank's reported carbon emissions

In 2023, Norinchukin Bank reported total carbon emissions of approximately 14,900,000 kg CO2e from Scope 1 and Scope 2 sources, alongside 2,576,000 kg CO2e from Scope 3 emissions. Specifically, Scope 1 emissions were about 1,409,000 kg CO2e, while Scope 2 emissions totalled approximately 13,666,000 kg CO2e. The Scope 3 emissions included 706,000 kg CO2e from business travel, 1,316,000 kg CO2e from employee commuting, and 309,000 kg CO2e from purchased goods and services. Comparatively, in 2022, the bank's emissions were slightly lower, with Scope 1 at 1,320,000 kg CO2e and Scope 2 at 15,732,000 kg CO2e, while Scope 3 emissions totalled 2,000,000 kg CO2e. This indicates a commitment to reducing emissions over time. Norinchukin Bank has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions from its facilities by fiscal 2030. This target encompasses both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to sustainability. Additionally, the J-POWER Group, associated with the bank, has established a significant reduction target of 9.2 million tonnes CO2e by FY2025 and 22.5 million tonnes CO2e by FY2030, representing a 46% reduction compared to FY2013 levels. Overall, Norinchukin Bank is actively working towards substantial emissions reductions and has outlined clear targets to achieve net-zero emissions in the near term.

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20192020202120222023
Scope 1
1,389,000
00,000,000
0,000,000
0,000,000
0,000,000
Scope 2
20,760,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
1,305,000
0,000,000
0,000,000
0,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Norinchukin Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Norinchukin Bank is in JP, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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