Tokio Marine expands climate strategy to cover 200 major emitters

They account for 90% of emissions.

Tokio Marine Holdings revisited its climate strategy to strengthen support for clients pursuing carbon neutrality.

The company initially set a target to engage with 60 out of 200 large companies in greenhouse gas (GHG)-intensive sectors, representing 60% of insurance-associated emissions. 

This target has now been expanded to cover all 200 companies, accounting for 90% of emissions.

Tokio Marine & Nichido Fire Insurance, the group’s largest commercial insurer in Japan, will require all targeted companies to develop decarbonisation plans by 2030. 

The company will not provide insurance underwriting, investment, or financing to businesses without such plans. This policy excludes employee benefit insurance.

The revision aims to promote the transition to a decarbonised society by fostering engagement with business partners and investing in sustainable growth. 

Tokio Marine Holdings originally launched its climate strategy in September 2020 as part of its commitment to achieving carbon neutrality by 2050.