Tokio Marine Holdings has updated its climate strategy to enhance support for clients working toward carbon neutrality. Originally, the company aimed to engage with 60 of the 200 largest greenhouse gas (GHG)-intensive companies, which accounted for 60% of its insurance-associated emissions. However, the new target expands this effort to include all 200 companies, now representing 90% of emissions.
Tokio Marine & Nichido Fire Insurance, the group’s largest commercial insurer in Japan, will require all of the targeted companies to establish decarbonization plans by 2030. The company has made it clear that it will no longer offer insurance underwriting, investment, or financing to businesses that do not have such plans in place, with the exception of employee benefit insurance.
The move reflects Tokio Marine’s ongoing commitment to facilitating the transition to a decarbonized society, promoting collaboration with business partners, and supporting sustainable growth. This revised climate strategy builds upon the company’s original framework, which was launched in September 2020 as part of its broader commitment to achieving carbon neutrality by 2050
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