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 65 is higher than 80% 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, headquartered in BM, currently does not report specific carbon emissions data, as no emissions figures are available. The company is a current subsidiary of Sompo International Holdings Ltd., which cascades its climate commitments and targets from its parent organization, Sompo Holdings, Inc. While there are no documented reduction targets or initiatives specific to Sompo, it is important to note that the overarching climate strategies and commitments are influenced by the parent company's goals. Sompo Holdings, Inc. is engaged in various climate initiatives, including participation in the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), which guide their sustainability efforts. As a part of the insurance and financial services sector, Sompo is expected to align with industry standards for climate action, focusing on reducing emissions across its operations. However, without specific data or targets, the company's current climate commitments remain vague.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Sompo's Industry?
How Carbon Intensive is Sompo's Location?
Sompo's Scope 3 Categories Breakdown
Sompo's Scope 3 emissions, which increased by 116% last year and increased by approximately 421% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 64% of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 54% 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 established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
