Norinchukin Bank

The Norinchukin Bank, headquartered in Japan and operating in financial intermediation services, except insurance and pension funding services, has reported significant carbon emissions.

In 2022, the bank's total emissions were approximately 29,925,000 kg CO2e. This comprised of approximately 1,366,000 kg CO2e for Scope 1, approximately 15,526,000 kg CO2e for Scope 2, and approximately 290,000,000 kg CO2e for Scope 3.

The bank has established several climate commitments and reduction targets. These include a long-term goal of achieving net-zero greenhouse gas (GHG) emissions by FY2050 for Scope 1 and Scope 2. Additionally, The Norinchukin Bank Group aims to achieve net-zero GHG emissions from its facilities by FY2030. The bank is also committed to reducing financed GHG emissions among its investees and borrowers, with an interim target of FY2030 towards its 2050 net-zero goal. Specific sector targets are in place, such as reducing investment and loans for coal-fired power generation to zero by FY2040.

While Scope 3 emissions for 2021 and 2020 show varying figures (approximately 200 kg CO2e for 2021 and approximately 540,000,000 kg CO2e for 2020), and Scope 3 data for purchased goods and services was missing in these years, the overall trend indicates a focus on emissions reduction across its operations and financing activities.

No emissions data was available for 2023.