Sompo Holdings

Sompo Holdings, a Japanese company in the insurance and pension funding services sector, reported its carbon emissions for 2024 as follows: Scope 1 emissions were about 39,311,000 kg CO2e, Scope 2 emissions (market-based) were approximately 128,054,000 kg CO2e, and Scope 3 emissions were approximately 2,008,683,000 kg CO2e. Key categories within Scope 3 included investments (1,729,817,000 kg CO2e), capital goods (161,840,000 kg CO2e), and business travel (22,880,000 kg CO2e).

Sompo Holdings has set several climate commitments. The company aims for net-zero GHG emissions, including investments and insurance underwriting, by fiscal year 2050, as outlined in their Sompo Climate Action Plan adopted in May 2021. For near-term targets, Sompo Holdings aims for a 60% reduction in Scope 1 emissions by 2030 compared to 2017 levels, and a 25% reduction in Scope 1 emissions by 2025 compared to 2019 levels. Similarly, for Scope 2 emissions, they target a 25% reduction by 2025 compared to 2019 levels and a 60% reduction by 2030 compared to 2017 levels. The company also aims for net-zero Scope 1, Scope 2, and Scope 3 emissions by 2050. These targets include a 60% reduction in Scope 1, 2, and 3 emissions (excluding insurance underwriting, investments, and loans) by 2030, referencing 2017 levels.