Tokio Marine Holdings

Tokio Marine Holdings, a Japanese company in the insurance and pension funding services industry, reported total carbon emissions of 57,370,000 kg CO2e in 2024. This includes Scope 1 emissions of 12,517,000 kg CO2e, Scope 2 emissions (market-based) of 21,344,000 kg CO2e, and Scope 3 emissions totalling 23,509,000 kg CO2e. Key Scope 3 categories included business travel at 9,924,000 kg CO2e, purchased goods and services at 7,885,000 kg CO2e, waste generated in operations at 1,329,000 kg CO2e, and fuel and energy-related activities at 4,372,000 kg CO2e.

Looking back, their total emissions were approximately 69,888,000 kg CO2e in 2023, 80,201,000 kg CO2e in 2022, and 83,483,000 kg CO2e in 2021. This demonstrates a general downward trend in their emissions in recent years.

Tokio Marine Holdings has set several ambitious climate commitments. They aim for carbon neutrality across all scopes, including insurance underwriting and finance/investments, by 2050. They also have a near-term target to reduce greenhouse gas emissions from their own operations by 60% by fiscal 2030, compared to a fiscal 2015 baseline for Scope 1 and Scope 2 emissions. Specific targets include a 60% reduction in Scope 1 emissions by fiscal 2030 from a fiscal 2015 level, and a 60% reduction in Scope 2 emissions by fiscal 2030 from a fiscal 2015 level. Earlier long-term targets included a 60% reduction in Scope 1 and Scope 2 emissions by fiscal 2050, compared to a 2006 level. The company was previously "Committed" to Science Based Targets initiative (SBTi) but this commitment has since been "Removed" and classified as an "Expired commitment."