Sompo Sustainability Profile
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 46 is higher than 66% 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
In 2020, Sompo International Holdings Ltd. reported total carbon emissions of approximately 241,946,000 kg CO2e. This figure includes Scope 1 emissions of about 23,608,000 kg CO2e, Scope 2 emissions of approximately 141,354,000 kg CO2e, and Scope 3 emissions totalling around 76,985,000 kg CO2e, which includes business travel emissions of about 6,397,000 kg CO2e. As a current subsidiary of Sompo Holdings, Inc., Sompo's emissions data is cascaded from its parent company, reflecting a commitment to transparency in climate reporting. However, there are currently no specific reduction targets or climate pledges disclosed by Sompo, indicating a potential area for future development in their sustainability strategy. Overall, Sompo's emissions profile highlights the importance of addressing both direct and indirect emissions as part of their climate commitments.
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| 2020 | |
|---|---|
| Scope 1 | 23,608,000 |
| Scope 2 | 141,354,000 |
| Scope 3 | 76,985,000 |
How Carbon Intensive is Sompo's Industry?
How Carbon Intensive is Sompo's Location?
Sompo's Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Business Travel" being the primary emissions source at 8% of Scope 3 emissions.
Top Scope 3 Categories
Sompo's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sompo has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
