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 95% 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 2023, Sompo reported total carbon emissions of approximately 39311000 kg CO2e for Scope 1, 128054000 kg CO2e for Scope 2, and 139511000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Notably, the company has set a long-term commitment to achieve net zero emissions by 2050 across all scopes, including specific targets for Scope 1 and Scope 2 emissions. Over the past few years, Sompo has demonstrated a commitment to reducing its carbon footprint. For instance, in 2022, the emissions were approximately 35421000 kg CO2e for Scope 1, 134311000 kg CO2e for Scope 2, and 138958000 kg CO2e for Scope 3. This indicates a proactive stance in managing and potentially reducing emissions over time. Sompo's climate strategy includes detailed tracking of emissions sources, such as business travel, employee commuting, and purchased goods and services, which are critical components of their Scope 3 emissions. The company aims to enhance transparency and accountability in its climate commitments, aligning with industry standards for sustainability and climate action.
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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.
