In 2024, Sompo 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).
Sompo Holdings has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 37,359a | 39,311a | 35,421a | |
Total Scope 2 | ||||
Market-Based | 128,650a | 128,054a | 134,311a | |
Location-Based | 139,349a | 140,205a | 142,109a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 140,344a | 1,869,328a | 1,782,118a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.1727a | 1.2069a | 1.0465a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Sompo Holdings amounted to 176,708 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 Sompo Holdings decreased by 1.56%, 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 Sompo Holdings were 37,359 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Sompo Holdings's Scope 1 emissions have decreased by 11.58%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Sompo Holdings's Scope 1 emissions decreased by 4.97%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Sompo Holdings reported Scope 2 greenhouse gas (GHG) emissions of 128,650 tCO₂e using the market-based method and 139,349 tCO₂e using the location-based method.a
Compared to the previous year (2023), Sompo Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Sompo Holdings's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Sompo Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Sompo Holdings reported 140,344 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 Sompo Holdings includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, down from 7 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Sompo Holdings reported total Scope 3 emissions of 140,344 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Sompo Holdings's Scope 3 emissions have decreased by 93.72%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Sompo Holdings's Scope 3 emissions decreased by 92.49%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Sompo Holdings reported emissions for 6 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 Sompo Holdings's Scope 3 emissions were:a
In 2024, Sompo Holdings reported Scope 1 greenhouse gas (GHG) emissions of 37,359 tCO₂e and total revenues of USD 31,857 millions. This translates into an emissions intensity of 1.17 tCO₂e per millions USD.a
In 2024, Sompo Holdings reported a Scope 1 emissions intensity of 1.17 tCO₂e per millions USD. Compared to the peer group median of 0.41, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Sompo Holdings ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Sompo Holdings among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Sompo Holdings reported a total carbon footprint of 317,052 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 84.53% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Sompo Holdings's total carbon footprint was Scope 3 emissions, accounting for 44.27% of the company's total carbon footprint, followed by Scope 2 emissions at 43.95%.a