Take Climate Action

Initiatives in Taking Climate Action

Climate change is a critical global issue that threatens the security and safety of customers and society. It also affects the insurance industry directly. Therefore, Tokio Marine Group has been pushing forward with a range of initiatives by positioning climate change as the most important issue that should be addressed head on as an insurance company operating businesses globally and as an institutional investor. At the same time, we regard it as a business opportunity for achieving growth and provide insurance products that promote the widespread use of renewable energy and offer investments and financing on such themes as climate action.

Related SDG Goals

  • 7. Affordable and clean energy
  • 13. Climate action

Progress of Material Issues

2030 target : 60% reduction
2023 results : 43% reduction
Reduce the Group’s GHG emissions
2030 target : 160companies
2023 results : 104companies
Engagement with corporate insurance customers
2026 target : 45.0billion yen
2023 results : 35.5billion yen
Decarbonization-related insurance underwritten

Case Studies

Interim Target on Transition Support

Tokio Marine Group aims to further advance efforts against climate change in terms of insurance. Accordingly, we set an interim target on group-based, decarbonization-related insurance premiums up to 2026 to realize a decarbonized society. We will speed up the transition of customers into decarbonization through our insurance products and services.

2023: 35.5 billion yen 2026: 45.0 billion yen (+9.5 billion yen)

Examples of decarbonization-related insurance

  • Insurance for renewable energy business operators
    (Construction/Engineering, Property, Liability, Business Income, Marine/Cargo Insurance)
  • Warranties insurance for electric vehicles and storage batteries
  • Warranty and Indemnity insurance covering the acquisition and transfer of renewable energy businesses

News & Insights