Sompo Holdings Sustainability Profile
Sompo Holdings, Inc., a leading player in the insurance and financial services industry, is headquartered in Tokyo, Japan. Founded in 1888, the company has established a strong presence across Asia, Europe, and the Americas, providing a diverse range of services. Sompo is renowned for its comprehensive insurance solutions, including property and casualty insurance, life insurance, and asset management, distinguished by a customer-centric approach and innovative risk management strategies. With a commitment to sustainability and social responsibility, Sompo Holdings has achieved notable milestones, including its recognition as a top insurer in Japan. The company’s unique offerings, such as its advanced digital insurance solutions, position it as a market leader, continually adapting to the evolving needs of its clients while maintaining a strong focus on quality and reliability.
DitchCarbon Score
How does Sompo Holdings'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 Insurance Services 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 Holdings's score of 65 is higher than 78% 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 Holdings's reported carbon emissions
In 2024, Sompo Holdings reported total greenhouse gas emissions of approximately 39311000 kg CO2e for Scope 1, 128054000 kg CO2e for Scope 2 (market-based), and a significant 161840000 kg CO2e for Scope 3 emissions. The total emissions for the year amounted to about 306876000 kg CO2e, reflecting a comprehensive approach to measuring their carbon footprint across all scopes. The company has set ambitious climate commitments, including a long-term goal to achieve net-zero greenhouse gas emissions by 2050, as outlined in their "Sompo Climate Action Plan" adopted in May 2021. This plan encompasses adaptation, mitigation, and social transformation strategies. Additionally, Sompo aims for a 60% reduction in Scope 1 and Scope 2 emissions by 2030, compared to 2017 levels, and a 25% reduction in Scope 1 emissions by 2025 from 2019 levels. Sompo Holdings' emissions data is sourced directly from their own reporting, with no cascaded data from parent organizations. The company is committed to transparency and accountability in its climate initiatives, aligning with industry standards and expectations for corporate sustainability.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,784,000 | 00,000,000 | 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 | 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 | 000,000,000 |
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Sompo Holdings's Scope 3 Categories Breakdown
Sompo Holdings's Scope 3 emissions, which increased by 116% last year and increased by approximately 74% since 2017, 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.
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Sompo Holdings'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 Holdings 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.
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Frequently Asked Questions
Common questions about Sompo Holdings's sustainability data and climate commitments