Norinchukin Bank

Norinchukin Bank, headquartered in JP, reported total carbon emissions of approximately 17,490,000 kg CO2e in 2024. This figure includes Scope 1 emissions of about 1,309,000 kg CO2e and Scope 2 emissions of approximately 13,236,000 kg CO2e. Scope 3 emissions for 2024 amounted to approximately 2,954,000 kg CO2e, comprising business travel (703,000 kg CO2e), employee commute (1,309,000 kg CO2e), purchased goods and services (213,000 kg CO2e), waste generated in operations (11,000 kg CO2e), and fuel and energy-related activities (709,000 kg CO2e).

Looking back, in 2023, the bank's total emissions were approximately 18,139,000 kg CO2e, with Scope 1 at about 1,409,000 kg CO2e and Scope 2 at approximately 13,666,000 kg CO2e. Scope 3 emissions in 2023 were roughly 3,045,000 kg CO2e. In 2022, total emissions were around 20,085,000 kg CO2e, consisting of approximately 1,320,000 kg CO2e in Scope 1 emissions and 15,732,000 kg CO2e in Scope 2 emissions.

Norinchukin Bank is committed to achieving net-zero GHG emissions from its facilities by fiscal 2030 for both Scope 1 and Scope 2 emissions. The bank also has a long-term goal of net-zero Scope 1 and 2 GHG emissions by FY2050. Additionally, the bank aims to reduce financed GHG emissions among investees and borrowers towards net-zero by 2050, with interim targets for FY2030 across various sectors including power, oil and gas, steel, real estate, automobiles, and marine transport. Notably, the target for investment and loans for coal-fired power generation is zero by FY2040.