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Insurance Services
JP
updated 5 days ago

Sompo Holdings

Company website

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.

65

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.

29

Industry Benchmark

Sompo Holdings's score of 65 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

79%

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Sompo Holdings's reported carbon emissions

In 2024, Sompo Holdings reported total greenhouse gas emissions of approximately 306,876,000 kg CO2e, comprising Scope 1 emissions of about 39,311,000 kg CO2e, Scope 2 emissions of approximately 128,054,000 kg CO2e (market-based), and Scope 3 emissions totalling around 139,511,000 kg CO2e. The Scope 3 emissions breakdown includes significant contributions from capital goods (about 19,890,000 kg CO2e), business travel (approximately 22,880,000 kg CO2e), and employee commuting (around 18,727,000 kg CO2e). Sompo Holdings has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across all scopes by 2050. This long-term goal is part of their "Sompo Climate Action Plan," which was adopted in May 2021. Additionally, the company has established near-term targets, including a 25% reduction in Scope 1 emissions by 2025 (compared to 2019 levels) and a 60% reduction in both Scope 1 and Scope 2 emissions by 2030 (compared to 2017 levels). The company’s emissions data is sourced directly from Sompo Holdings, Inc., with no cascading from a parent organization. These commitments reflect Sompo's proactive approach to addressing climate change within the financial services sector, aligning with industry standards and expectations for sustainability.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20172018201920202021202220232024
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Sompo Holdings's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Sompo Holdings is in JP, which has a low grid carbon intensity relative to other regions.

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 Holdings is participating in some 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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