- Supply chain disruptions due to climate events and natural capital loss.
- Difficulty in encouraging decarbonization at investee companies, especially in Scope 3 emissions.
- Insufficient response to societal expectations regarding sustainability management.
- Rising insurance payouts due to more intense disasters.
Nippon Life Insurance Company
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Nippon Life Insurance Company disclosed greenhouse gas emissions of 170.0K tons CO2e/year (FY2022). By scope: Scope 1: 3.4 tons CO2e/year (FY2022); Scope 2: 5.8 tons CO2e/year (FY2022); Scope 3: 8.3 tons CO2e/year (FY2022). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
170.0K tons CO2e/year (FY2022)
2024
Renewable Energy
100% renewable energy for self-contracted electricity by FY2030 (Nippon Life, non-consolidated); 100% for all electricity use by FY2040 (Group-wide)
of total energy
Water Usage
Approx. 620,000 m3/year
2024
Waste
Approx. 6,800 tons/year
2024
Energy Use
1.37 million GJ/year
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.4 tons CO2e/year (FY2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.8 tons CO2e/year (FY2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 8.3 tons CO2e/year (FY2022) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 170.0K tons CO2e/year (FY2022) |
| 2022 | 175.0K tCO2e (estimated) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved a 30% reduction in total CO2 emissions in business activities (vs. FY2013)
- Achieved a 45.9% reduction in total GHG emissions and a 20% reduction in GHG intensity in asset management (vs. FY2010 and FY2020 respectively)
- Set a net-zero greenhouse gas emissions target for fiscal year 2050 for both business activities and asset management.
- Reduced paper usage by 100 million sheets annually.
- Switched to paper file folders instead of clear plastic document folders.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce CO2 emissions by 51% or more by FY2030 (business activities)
- Reduce total GHG emissions by 45% and intensity by 49% by FY2030 (asset management)
- Achieve 100% renewable energy for self-contracted electricity by FY2030 (Nippon Life, non-consolidated)
📅 Medium-term
- Achieve 100% renewable energy for all electricity use by FY2040 (Group-wide)
- Reduce paper use by 100 million sheets annually.
🔭 Long-term
- Net-zero greenhouse gas emissions by FY2050 (business activities and asset management)
🌱 ESG Focus Areas
PeopleCommunityEnvironment