- Risks of incurring losses due to changes in the incidence of death from factors including higher average temperatures.
- Risk of future impairment on the value of investment assets due to policy changes and regulatory reforms regarding the transition to a carbon-neutral society.
- Transition risks related to carbon pricing, technology, market changes, and reputation.
- Physical risks such as intensifying extreme weather events, changes in precipitation patterns, rising sea levels, and rising average temperatures.
Sumitomo Life Insurance Company
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Sumitomo Life Insurance Company disclosed greenhouse gas emissions of 150.9K t-CO2e (FY2022). By scope: Scope 1: 13.3K t-CO2e (FY2022); Scope 2: 28.7K t-CO2e (FY2022); Scope 3: 108.9K t-CO2e (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
150.9K t-CO2e (FY2022)
2022
📊 Emissions by Scope (2022)
| 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). | 13.3K t-CO2e (FY2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 28.7K t-CO2e (FY2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 108.9K t-CO2e (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 |
|---|---|
| 2022 | 150.9K t-CO2e (FY2022) |
| 2021 | 30.5K t-CO2e (Scope 1+2 2020); 123706 t-CO2e (Scope 3 2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Awarded the Medal with Dark Blue Ribbon in June 2023 for support of WWF Japan's coral reef and marine conservation activities.
- Engaging in dialogue with top GHG emitting companies in the asset portfolio toward achieving decarbonization.
🎯 Climate & Sustainability Targets
📅 Medium-term
- 50% reduction in GHG emissions by 2030 (compared with FY2019) for Sumitomo Life Group (Scope 1+2+3) and asset portfolio.
🔭 Long-term
- Net-zero GHG emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeGlobal Environmental ProtectionResponsible InvestmentWell-beingHuman Capital