Sompo
Sompo International Holdings Ltd., commonly referred to as Sompo, is a leading global provider of insurance and reinsurance solutions. Headquartered in Bermuda, the company operates extensively across North America, Europe, and Asia, delivering a diverse range of services tailored to meet the needs of its clients. Founded in 2017, Sompo has quickly established itself within the insurance industry, focusing on property and casualty insurance, specialty insurance, and reinsurance. Its unique approach combines innovative risk management with a commitment to customer service, setting it apart from competitors. With a strong market position, Sompo has achieved notable milestones, including significant growth in its underwriting capabilities and a robust portfolio of core products. The company’s dedication to excellence and adaptability in a dynamic market continues to drive its success and reputation as a trusted insurance partner.
DitchCarbon Score
How does Sompo'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
Sompo's score of 48 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sompo's reported carbon emissions
As of 2023, Sompo's carbon emissions totalled approximately 39311000 kg CO2e for Scope 1, 128054000 kg CO2e for Scope 2, and 139511000 kg CO2e for Scope 3 emissions. Notably, the company has set a long-term commitment to achieve net zero emissions by 2050, covering all scopes of emissions. This ambitious target reflects Sompo's dedication to addressing climate change and reducing its overall carbon footprint. Over the years, Sompo has demonstrated a consistent reduction in emissions across various scopes. For instance, from 2017 to 2023, Scope 1 emissions decreased from about 43784000 kg CO2e to approximately 39311000 kg CO2e, while Scope 2 emissions reduced from about 196233000 kg CO2e to around 128054000 kg CO2e. Scope 3 emissions also saw a decline from approximately 172753000 kg CO2e in 2017 to about 139511000 kg CO2e in 2023. Sompo's commitment to sustainability is further evidenced by its focus on reducing emissions from business travel, employee commuting, and purchased goods and services, which are significant contributors to its Scope 3 emissions. The company is actively working towards its net zero goal, aiming to implement strategies that will facilitate substantial reductions in its carbon emissions by 2050.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 43,784,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 196,233,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 172,753,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Sompo 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.
