Sompo Holdings
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 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 Holdings's reported carbon emissions
In 2024, Sompo Holdings reported total carbon 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, aiming for 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. Notably, Sompo Holdings has established near-term targets to reduce Scope 1 emissions by 25% from 2019 levels by 2025 and by 60% from 2017 levels by 2030. Similar targets are set for Scope 2 emissions, with a 25% reduction by 2025 and a 60% reduction by 2030. In terms of Scope 3 emissions, the company is also committed to achieving net-zero by 2050, indicating a holistic approach to their climate strategy. These targets are part of their broader commitment to sustainability and responsible investment practices, aligning with industry standards and expectations. Overall, Sompo Holdings is actively working towards significant reductions in their carbon emissions, demonstrating a commitment to environmental stewardship and climate action.
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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 |
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 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.
