Sumitomo Life
Sumitomo Life Insurance Company, commonly referred to as Sumitomo Life, is a prominent player in the insurance industry, headquartered in Tokyo, Japan. Established in 1907, the company has a rich history marked by significant milestones, including its expansion into various operational regions across Asia and beyond. Specialising in life insurance, Sumitomo Life offers a diverse range of products and services, including individual and group life insurance, annuities, and health insurance. What sets them apart is their commitment to customer-centric solutions and innovative insurance products tailored to meet the evolving needs of policyholders. With a strong market position, Sumitomo Life is recognised for its financial stability and robust performance, making it a trusted choice for millions. The company continues to uphold its legacy of excellence while adapting to the dynamic landscape of the insurance sector.
DitchCarbon Score
How does Sumitomo Life'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
Sumitomo Life's score of 31 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sumitomo Life's reported carbon emissions
In 2022, Sumitomo Life, headquartered in Japan, reported total carbon emissions of approximately 303,918,000 kg CO2e. This figure includes Scope 1 emissions of about 13,306,000 kg CO2e, Scope 2 emissions of around 28,687,000 kg CO2e, and significant Scope 3 emissions totalling approximately 259,788,000 kg CO2e. Notably, the Scope 3 emissions breakdown reveals that employee commuting accounted for about 54,600,000 kg CO2e, while purchased goods and services contributed approximately 38,646,000 kg CO2e. Comparatively, in 2021, the company reported total emissions of about 303,828,000 kg CO2e, with Scope 1 emissions at approximately 13,112,000 kg CO2e, Scope 2 emissions at around 30,432,000 kg CO2e, and Scope 3 emissions at about 248,388,000 kg CO2e. This indicates a slight increase in total emissions year-on-year. Despite the lack of specific reduction targets or initiatives disclosed, Sumitomo Life is actively engaged in sustainability practices, as evidenced by their participation in the Carbon Disclosure Project (CDP). However, no specific science-based targets (SBTi) or other formal climate pledges have been reported. Overall, while Sumitomo Life has made strides in transparency regarding their emissions, further commitments and reduction strategies would enhance their climate action profile.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,198,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 44,916,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 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.
Sumitomo Life 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.
