- Increase in payments of insurance claims following natural disasters (physical risk).
- Negative impact on the value of invested assets due to low-carbon transition (transition risk).
- Reputational damage from a passive approach to reducing greenhouse gas emissions (reputational risk).
Fukoku Mutual Life Insurance Company
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Fukoku Mutual Life Insurance Company disclosed greenhouse gas emissions of 69.9 thousand tCO2e/year (FY2022). By scope: Scope 1: 17.1 thousand tCO2e/year (FY2022); Scope 2: 23.4 thousand tCO2e/year (FY2022); Scope 3: 49.6 thousand tCO2e/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
69.9 thousand tCO2e/year (FY2022)
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). | 17.1 thousand tCO2e/year (FY2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 23.4 thousand tCO2e/year (FY2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 49.6 thousand tCO2e/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 | 69.9 thousand tCO2e/year (FY2022) |
| 2022 | 39.0K t-CO2 (FY2020) |
| 2020-04 to 2021-03 | 42.1K t-CO2 (FY2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions from business activities by 27% (FY2022 compared to FY2013), aiming for 46% reduction by FY2030 and net zero by FY2050.
- Reduced GHG emissions in the investment portfolio by 59% (FY2022 compared to FY2013), aiming for 65% reduction by FY2030 and net zero by FY2050.
- Three office buildings certified as ZEB (net zero-energy building) Ready.
- Three rental condominiums certified as ZEH-M (net zero-energy house mansion) Oriented.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce GHG emissions from business activities by 46% by FY2030.
- Reduce GHG emissions in the investment portfolio by 65% by FY2030.
🔭 Long-term
- Net zero emissions by FY2050 (business activities and investment portfolio).
🌱 ESG Focus Areas
Climate ChangeSocial IssuesHuman RightsDiversity & Inclusion