Sompo Holdings
Sompo Holdings, Inc., a leading player in the insurance and financial services industry, is headquartered in Tokyo, Japan. Founded in 1888, the company has established a strong presence across Asia, Europe, and the Americas, providing a diverse range of services. Sompo is renowned for its comprehensive insurance solutions, including property and casualty insurance, life insurance, and asset management, distinguished by a customer-centric approach and innovative risk management strategies. With a commitment to sustainability and social responsibility, Sompo Holdings has achieved notable milestones, including its recognition as a top insurer in Japan. The company’s unique offerings, such as its advanced digital insurance solutions, position it as a market leader, continually adapting to the evolving needs of its clients while maintaining a strong focus on quality and reliability.
DitchCarbon Score
How does Sompo Holdings'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 Insurance Services 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
Sompo Holdings's score of 65 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sompo Holdings's reported carbon emissions
In 2024, Sompo Holdings reported total carbon emissions of approximately 39311000 kg CO2e for Scope 1, 128054000 kg CO2e for Scope 2 (market-based), and a significant 161840000 kg CO2e for Scope 3 emissions. The total emissions for the year amounted to about 306876000 kg CO2e, reflecting a comprehensive approach to measuring their carbon footprint across all scopes. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions by 2050, as outlined in their "Sompo Climate Action Plan" adopted in May 2021. This plan encompasses adaptation, mitigation, and social transformation strategies. Notably, Sompo Holdings has established near-term targets, including a 25% reduction in Scope 1 and Scope 2 emissions by 2025 compared to 2019 levels, and a 60% reduction across all scopes by 2030 compared to 2017 levels. In 2023, the reported emissions were approximately 39311000 kg CO2e for Scope 1, 128054000 kg CO2e for Scope 2, and 139511000 kg CO2e for Scope 3, totalling around 306876000 kg CO2e. This data indicates a consistent effort to monitor and reduce emissions over the years. Sompo Holdings' commitment to sustainability is further reinforced by their participation in initiatives such as the Science Based Targets initiative (SBTi), although they have not yet submitted specific targets. The company’s emissions data is sourced directly from Sompo Holdings, ensuring transparency and accountability in their climate reporting.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,784,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 196,233,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 172,753,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Sompo Holdings is participating in some 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.
