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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 46 is higher than 69% 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 reported total carbon emissions of approximately 23608000 kg CO2e for Scope 1, 141354000 kg CO2e for Scope 2, and 76985000 kg CO2e for Scope 3, which includes about 6397000 kg CO2e from business travel. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. Comparatively, in 2019, emissions were higher, with Scope 1 at approximately 27297000 kg CO2e, Scope 2 at 142077000 kg CO2e, and Scope 3 at 100546000 kg CO2e, including about 24638000 kg CO2e from business travel. In 2018, emissions were similarly significant, with Scope 1 at approximately 29352000 kg CO2e, Scope 2 at 147394000 kg CO2e, and Scope 3 at 101461000 kg CO2e, which included about 22885000 kg CO2e from business travel. Sompo's emissions data is cascaded from its parent company, Sompo International Holdings Ltd., indicating a structured approach to climate accountability within its corporate family. However, there are currently no specific reduction targets or climate pledges disclosed, suggesting a potential area for future commitment. Overall, Sompo's emissions profile highlights the importance of ongoing monitoring and potential for future climate initiatives as part of its corporate responsibility strategy.
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| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | 29,352,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 147,394,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 101,461,000 | 000,000,000 | 00,000,000 |
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.
