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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 14,370a | 15,589a | 16,804a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 38,744a | 41,634a | 47,956a | |
Total Scope 3 | 3,898,593a | 4,409,956a | 5,113,679a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3433a | 0.4108a | 0.4096a |
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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
In 2024, the total Scope 1 emissions of MS&AD Insurance Group Holdings were 14,370 metric tons of CO₂ equivalent (tCO₂e).a
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.ab
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
In 2024, MS&AD Insurance Group Holdings reported Scope 2 greenhouse gas (GHG) emissions of 38,744 tCO₂e without specifying the calculation method.a
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.ab
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
In 2024, MS&AD Insurance Group Holdings reported its Scope 2 emissions using an unspecified methodology.a
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
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
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.ab
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
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.
In 2024, the largest contributors to MS&AD Insurance Group Holdings's Scope 3 emissions were:a
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
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 0.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, MS&AD Insurance Group Holdings ranked 11 out of 25 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
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