Tokio Marine Newa Insurance
Tokio Marine Newa Insurance Co., Ltd., commonly referred to as Tokio Marine Newa, is a prominent player in the insurance industry, headquartered in Taiwan (TW). Established in 2002, the company has rapidly expanded its operations across major regions in Asia, offering a diverse range of insurance solutions. Specialising in property, casualty, and life insurance, Tokio Marine Newa distinguishes itself through its customer-centric approach and innovative products tailored to meet the evolving needs of clients. The company has achieved significant milestones, including recognition for its robust financial stability and commitment to service excellence. With a strong market position, Tokio Marine Newa continues to build on its reputation as a trusted insurer, leveraging its global expertise and local insights to deliver comprehensive coverage and peace of mind to its customers.
DitchCarbon Score
How does Tokio Marine Newa Insurance'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 Services Auxiliary to Financial Intermediation 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
Tokio Marine Newa Insurance's score of 68 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tokio Marine Newa Insurance's reported carbon emissions
In 2023, Tokio Marine Newa Insurance reported total carbon emissions of approximately 664,041,000 kg CO2e, with emissions distributed across various scopes: 185,000 kg CO2e (Scope 1), 956,000 kg CO2e (Scope 2), and 663,856,000 kg CO2e (Scope 3). This data reflects a comprehensive disclosure of emissions, including significant contributions from upstream and downstream activities. Comparatively, in 2022, the company recorded total emissions of about 743,101,000 kg CO2e, with Scope 1 emissions at 107,590 kg CO2e and Scope 2 at 1,285,900 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023, although specific figures for Scope 3 emissions in 2023 show a decrease from the previous year. Tokio Marine Newa Insurance has set ambitious reduction targets, aiming to decrease carbon emissions by 30% by 2030 compared to 2021 levels for both Scope 1 and Scope 2 emissions. This commitment is part of their strategy to gradually lower their carbon footprint each year, demonstrating a proactive approach to climate action. The emissions data is cascaded from Tokio Marine Holdings, Inc., reflecting the company's alignment with broader corporate sustainability initiatives. Tokio Marine Newa Insurance's efforts are indicative of a growing trend within the insurance industry to address climate change through transparent reporting and targeted reduction strategies.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 |
| Scope 2 | - | 0,000,000 | 000,000 |
| Scope 3 | 677,495,470 | 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.
Tokio Marine Newa Insurance 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.
