MS&AD Insurance Group Holdings Inc

Common Name
MS&AD Insurance Group Holdings
Country
Japan
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
38,247
Ticker
8725
Exchange
TOKYO STOCK EXCHANGE
Description
MS&AD Insurance Group Holdings, Inc. is a leading insurance company based in Japan. It operates primarily in the non-life insurance sector, while also having a significant presence in the life insuran...

MS&AD Insurance Group Holdings's GHG Emissions Data Preview

In 2024, MS&AD Insurance Group Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

MS&AD Insurance Group Holdings has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind MS&AD Insurance Group Holdings’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore MS&AD Insurance Group Holdings’s data sources below and access millions more through our Disclosure Search.

a. MS&AD Insurance Group Holdings's ESG Data Spreadsheet 2025
a. MS&AD Insurance Group Holdings's ESG Data Spreadsheet 2025
b. MS&AD Insurance Group Holdings's Sustainability Report 2023
b. MS&AD Insurance Group Holdings's Sustainability Report 2023

Insights into MS&AD Insurance Group Holdings's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of MS&AD Insurance Group Holdings amounted to 53,114 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of MS&AD Insurance Group Holdings decreased by 7.18%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

MS&AD Insurance Group Holdings's Scope 1 Emissions Over Time

2020202120222023202405 k10 k15 k20 ktCO2e-11%-4%-7%-8%
  • Total Scope 1
  • Year-over-Year Change

What are MS&AD Insurance Group Holdings's Scope 1 emissions?

In 2024, the total Scope 1 emissions of MS&AD Insurance Group Holdings were 14,370 metric tons of CO₂ equivalent (tCO₂e). a

Has MS&AD Insurance Group Holdings reduced its Scope 1 emissions over time?

Since 2020, MS&AD Insurance Group Holdings's Scope 1 emissions have decreased by 27%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), MS&AD Insurance Group Holdings's Scope 1 emissions decreased by 7.82%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are MS&AD Insurance Group Holdings's Scope 2 emissions?

In 2024, MS&AD Insurance Group Holdings reported Scope 2 greenhouse gas (GHG) emissions of 38,744 tCO₂e without specifying the calculation method. a

Has MS&AD Insurance Group Holdings reduced its Scope 2 emissions over time?

Since 2020, MS&AD Insurance Group Holdings's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 32.7%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), MS&AD Insurance Group Holdings's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that MS&AD Insurance Group Holdings 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does MS&AD Insurance Group Holdings use for Scope 2 reporting?

In 2024, MS&AD Insurance Group Holdings reported its Scope 2 emissions using an unspecified methodology. a

MS&AD Insurance Group Holdings's Scope 2 Emissions Over Time

20202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into MS&AD Insurance Group Holdings's Value Chain Emissions

In 2024, MS&AD Insurance Group Holdings reported 3,898,593 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of MS&AD Insurance Group Holdings includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

MS&AD Insurance Group Holdings's Scope 3 Emissions Over Time

2020202120222023202401.5 M3 M4.5 M6 MtCO2e-13%+3891%-14%-12%
  • Total Scope 3
  • Year-over-Year Change

What are MS&AD Insurance Group Holdings's Scope 3 emissions?

In 2024, MS&AD Insurance Group Holdings reported total Scope 3 emissions of 3,898,593 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 3.08% of these emissions originated from upstream activities such as purchased goods and capital goods, while 96.92% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has MS&AD Insurance Group Holdings reduced its Scope 3 emissions over time?

Since 2020, MS&AD Insurance Group Holdings's Scope 3 emissions have increased by 2,545.91%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), MS&AD Insurance Group Holdings's Scope 3 emissions decreased by 11.6%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does MS&AD Insurance Group Holdings disclose?

In 2024, MS&AD Insurance Group Holdings reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of MS&AD Insurance Group Holdings's Scope 3 emissions?

In 2024, the largest contributors to MS&AD Insurance Group Holdings's Scope 3 emissions were: a

  • Investments (Cat. 15): 3,773,000 tCO₂e (96.78%)
  • Capital Goods (Cat. 2): 46,626 tCO₂e (1.2%)
  • Purchased Goods and Services (Cat. 1): 38,379 tCO₂e (0.98%)

MS&AD Insurance Group Holdings's Scope 3 Emissions by Categories

Investments(Cat. 15)(96.8%)Capital Goods(Cat. 2)(1.2%)

Insights into MS&AD Insurance Group Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2024, MS&AD Insurance Group Holdings reported Scope 1 greenhouse gas (GHG) emissions of 14,370 tCO₂e and total revenues of USD 41,858 millions. This translates into an emissions intensity of 0.34 tCO₂e per millions USD. a

MS&AD Insurance Group Holdings's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,0005,000,000Scope 1 Emissions (tCO2e)1005005,00020,000200,000Revenues (Millions of USD)MTKS7MMMizuho Financial GroupYear: 2024Scope 1: 10,427 tCO2eRevenue: $M 19,618Scope 1 Intensity: 0.53 tCO2e/$MJapan Post InsuranceYear: 2024Scope 1: 10,369 tCO2eRevenue: $M 17,934Scope 1 Intensity: 0.58 tCO2e/$MTTT&D HoldingsYear: 2023Scope 1: 1,651 tCO2eRevenue: $M 15,967Scope 1 Intensity: 0.10 tCO2e/$MChiba BankYear: 2024Scope 1: 2,444 tCO2eRevenue: $M 1,469Scope 1 Intensity: 1.66 tCO2e/$MDai-ichi Life HoldingsYear: 2024Scope 1: 26,068 tCO2eRevenue: $M 69,256Scope 1 Intensity: 0.38 tCO2e/$MMarui GroupYear: 2024Scope 1: 8,115 tCO2eRevenue: $M 1,553Scope 1 Intensity: 5.22 tCO2e/$MSMBC GroupYear: 2025Scope 1: 13,570 tCO2eRevenue: $M 33,781Scope 1 Intensity: 0.40 tCO2e/$MMitsubishi HC CapitalYear: 2024Scope 1: 3,093 tCO2eRevenue: $M 12,882Scope 1 Intensity: 0.24 tCO2e/$MZenkoku HoshoYear: 2024Scope 1: 43 tCO2eRevenue: $M 341Scope 1 Intensity: 0.13 tCO2e/$MTokio Marine HoldingsYear: 2024Scope 1: 12,517 tCO2eRevenue: $M 46,758Scope 1 Intensity: 0.27 tCO2e/$MResona HoldingsYear: 2024Scope 1: 4,321 tCO2eRevenue: $M 5,081Scope 1 Intensity: 0.85 tCO2e/$MKKKyoto Financial GroupYear: 2024Scope 1: 1,560 tCO2eRevenue: $M 746Scope 1 Intensity: 2.09 tCO2e/$MShinkin Central BankYear: 2024Scope 1: 1,367 tCO2eRevenue: $M 1,548Scope 1 Intensity: 0.88 tCO2e/$MSSSBI HoldingsYear: 2024Scope 1: 1,071 tCO2eRevenue: $M 7,993Scope 1 Intensity: 0.13 tCO2e/$MJapan Post BankYear: 2023Scope 1: 4,301 tCO2eRevenue: $M 11,852Scope 1 Intensity: 0.36 tCO2e/$MHachijuni BankYear: 2023Scope 1: 2,372 tCO2eRevenue: $M 1,310Scope 1 Intensity: 1.81 tCO2e/$MNomura HoldingsYear: 2025Scope 1: 2,513 tCO2eRevenue: $M 11,085Scope 1 Intensity: 0.23 tCO2e/$MKyushu Financial GroupYear: 2023Scope 1: 1,562 tCO2eRevenue: $M 1,434Scope 1 Intensity: 1.09 tCO2e/$MHirogin HoldingsYear: 2023Scope 1: 1,457 tCO2eRevenue: $M 941Scope 1 Intensity: 1.55 tCO2e/$M7777 BankYear: 2024Scope 1: 1,150 tCO2eRevenue: $M 942Scope 1 Intensity: 1.22 tCO2e/$MCredit SaisonYear: 2022Scope 1: 341 tCO2eRevenue: $M 2,976Scope 1 Intensity: 0.11 tCO2e/$MHokuhoku Financial GroupYear: 2023Scope 1: 3,689 tCO2eRevenue: $M 1,229Scope 1 Intensity: 3.00 tCO2e/$MORIXYear: 2025Scope 1: 942,714 tCO2eRevenue: $M 12,198Scope 1 Intensity: 77.28 tCO2e/$MMS&AD Insurance Group HoldingsYear: 2024Scope 1: 14,370 tCO2eRevenue: $M 41,858Scope 1 Intensity: 0.34 tCO2e/$M

How does MS&AD Insurance Group Holdings's GHG emissions intensity compare to its peers?

In 2024, MS&AD Insurance Group Holdings reported a Scope 1 emissions intensity of 0.34 tCO₂e per millions USD. Compared to the peer group median of 0.58 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does MS&AD Insurance Group Holdings rank on GHG emissions intensity within its industry?

In 2024, MS&AD Insurance Group Holdings ranked 8 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

MS&AD Insurance Group Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into MS&AD Insurance Group Holdings's Total Carbon Footprint

In 2024, MS&AD Insurance Group Holdings reported a total carbon footprint of 3,951,707 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.54% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to MS&AD Insurance Group Holdings's total carbon footprint was Scope 3 emissions, accounting for 98.66% of the company's total carbon footprint, followed by Scope 2 emissions at 0.98%. a

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