Norinchukin Bank

Norinchukin Bank, headquartered in JP, reported total carbon emissions of approximately 17,490,000 kg CO2e in 2024. This figure includes Scope 1 emissions of around 1,309,000 kg CO2e, Scope 2 emissions of about 13,236,000 kg CO2e, and Scope 3 emissions totalling approximately 2,934,000 kg CO2e.

In 2023, the financial institution's total emissions were approximately 18,139,000 kg CO2e, comprising Scope 1 emissions of about 1,409,000 kg CO2e, Scope 2 emissions of around 13,666,000 kg CO2e, and Scope 3 emissions of approximately 3,065,000 kg CO2e. This represents a reduction in total emissions between 2023 and 2024.

Norinchukin Bank has set ambitious climate commitments. It aims to achieve net-zero GHG emissions from its own facilities by fiscal year 2030 for Scope 1 and Scope 2. The bank also has a long-term net-zero target for Scope 1 and Scope 2 GHG emission reduction by FY2050. Furthermore, Norinchukin Bank targets net-zero financed GHG emissions from investees and borrowers by 2050, with interim targets for FY2030 across various sectors including Power, Oil and Gas (Scope 1&2, and Scope 3), Steel, Real Estate, Automobiles, and Marine Transport. The bank also aims to reduce investment and loans for coal-fired power generation to zero by FY2040.