Potential offtaker

Sompo Holdings, Inc.

www.sompo-hd.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Sompo Holdings, Inc. is a leading insurance company based in Japan that operates in the Property and Casualty (P&C) insurance sector. The company is committed to sustainability and decarbonisation, and has made significant efforts to reduce its carbon footprint and promote renewable energy.

Sompo Holdings, Inc. recognises that climate change is one of the most pressing issues facing the world today, and has taken proactive steps to address this challenge. The company has set a target to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2013 baseline. To achieve this goal, Sompo Holdings, Inc. has implemented a range of initiatives to reduce its energy consumption and promote renewable energy.

One of the key initiatives undertaken by Sompo Holdings, Inc. is the implementation of a corporate energy strategy. This strategy involves the adoption of energy-efficient technologies and practices across the company's operations, as well as the use of renewable energy sources. The company has invested in energy-efficient lighting and HVAC systems, as well as renewable energy technologies such as solar panels and wind turbines.

In addition to its corporate energy strategy, Sompo Holdings, Inc. has also entered into corporate power purchase agreements (PPAs) for renewable energy. These agreements involve the purchase of renewable energy from third-party providers, which is then used to power the company's operations. By entering into these agreements, Sompo Holdings, Inc. is able to support the development of renewable energy projects and reduce its reliance on fossil fuels.

Sompo Holdings, Inc. has also made significant investments in renewable energy projects. The company has invested in wind and solar projects in Japan and overseas, and has established a renewable energy fund to support the development of new projects. These investments not only help to reduce the company's carbon footprint, but also support the growth of the renewable energy sector.

Another key area of focus for Sompo Holdings, Inc. is decarbonisation. The company recognises that reducing carbon emissions is critical to addressing climate change, and has taken a number of steps to promote decarbonisation. This includes the development of products and services that support decarbonisation, such as insurance products for renewable energy projects and energy-efficient buildings.

Sompo Holdings, Inc. has also established a decarbonisation task force, which is responsible for developing and implementing strategies to reduce the company's carbon footprint. The task force works closely with other departments within the company to identify opportunities for decarbonisation, and to develop and implement initiatives to reduce emissions.

In addition to its internal efforts to promote sustainability and decarbonisation, Sompo Holdings, Inc. is also engaged in external initiatives to address climate change. The company is a signatory to the United Nations Global Compact, and has committed to supporting the Sustainable Development Goals (SDGs). Sompo Holdings, Inc. is also a member of the Task Force on Climate-related Financial Disclosures (TCFD), which aims to promote transparency and disclosure of climate-related risks and opportunities.

In conclusion, Sompo Holdings, Inc. is a leading insurance company in Japan that is committed to sustainability and decarbonisation. The company has implemented a range of initiatives to reduce its carbon footprint and promote renewable energy, including the adoption of a corporate energy strategy, the use of corporate PPAs, and investments in renewable energy projects. Sompo Holdings, Inc. is also engaged in external initiatives to address climate change, and has committed to supporting the SDGs and promoting transparency and disclosure of climate-related risks and opportunities.

✓ Science Based Targets member
✓ Declared Net Zero commitment