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 29 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sumitomo Life's reported carbon emissions
In 2022, Sumitomo Life reported total carbon emissions of approximately 259,788,000 kg CO2e, with emissions distributed across various scopes: 13,306,000 kg CO2e from Scope 1, 28,687,000 kg CO2e from Scope 2, and 259,788,000 kg CO2e from Scope 3. This indicates a significant reliance on indirect emissions, particularly from activities such as employee commuting and purchased goods and services. Over the years, Sumitomo Life has shown fluctuations in its emissions. For instance, in 2019, the total emissions were about 276,226,000 kg CO2e, with Scope 1 and 2 emissions at 15,476,000 kg CO2e and 38,795,000 kg CO2e, respectively. The company has disclosed emissions data for Scopes 1, 2, and 3, demonstrating transparency in its reporting practices. Despite the detailed emissions reporting, there are currently no specific reduction targets or climate pledges outlined by Sumitomo Life. This lack of formal commitments may reflect a broader industry trend where many companies are still developing comprehensive climate strategies. As the global focus on sustainability intensifies, it will be crucial for Sumitomo Life to establish clear reduction goals to align with international climate standards and expectations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 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 committed to any reduction initiatives 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.
