Tokio Marine Holdings

Tokio Marine Holdings, headquartered in Japan and operating within the insurance and pension funding services industry, is committed to reducing its environmental impact. For fiscal year 2024, the company reported total GHG emissions of approximately 57.4 million kg CO2e. This breaks down into approximately 13.7 million kg CO2e for Scope 1 emissions, and approximately 28.7 million kg CO2e for Scope 2 emissions (market-based). Scope 3 emissions for the same period were approximately 23.5 million kg CO2e, with significant contributions from purchased goods and services (approximately 9.4 million kg CO2e) and business travel (approximately 8.3 million kg CO2e).

In fiscal year 2023, total emissions were approximately 69.9 million kg CO2e, with Scope 1 at approximately 13.7 million kg CO2e and Scope 2 at approximately 28.7 million kg CO2e. Scope 3 emissions for 2023 were approximately 27.5 million kg CO2e.

Tokio Marine Holdings has established a near-term target to reduce its greenhouse gas emissions by 60% by fiscal year 2030, using the fiscal year 2015 as a baseline. This target encompasses Scope 1 and Scope 2 emissions. Additionally, the company aims for carbon neutrality by fiscal year 2050 for its own operations and investees. This includes a commitment to using 100% renewable energy for its electricity consumption and converting its entire fleet of company vehicles to electric or plug-in hybrid models by fiscal year 2030. They also plan to engage with their large corporate clients on decarbonisation plans, aiming for dialogue with 200 major customers and achieving a level 2 or higher dialogue status with at least 160 by 2030, with a policy to cease transactions with companies that do not have decarbonisation plans by that year. The company is also working towards approximately 90% of its insurance underwriting-related GHG emissions from major clients being addressed through these engagements.