Tokio Marine Holdings

In 2023, Tokio Marine Holdings reported total carbon emissions of approximately 69,888,000 kg CO2e globally, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were about 1,070,000 kg CO2e, while Scope 2 emissions totalled approximately 38,779,800 kg CO2e. The Scope 3 emissions were notably high, reaching around 3,700,510,000 kg CO2e, indicating a substantial impact from areas such as business travel and purchased goods and services. In Japan, the company reported total emissions of about 48,587,000 kg CO2e in 2022, with Scope 1 emissions at approximately 6,894,000 kg CO2e and Scope 2 emissions at around 23,979,000 kg CO2e. The Scope 3 emissions in Japan were about 17,714,000 kg CO2e. Tokio Marine Holdings has committed to reducing its carbon footprint, although specific reduction targets have not been publicly detailed. The company is currently in a transitory grace period for compliance with its commitment to submit targets by July 31, 2023. As a financial institution operating in the insurance sector, Tokio Marine is actively working towards enhancing its sustainability practices, although it has not yet committed to a net-zero target. Overall, Tokio Marine Holdings is taking steps to address its carbon emissions, reflecting a growing awareness of climate impact within the financial services industry.