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Insurance

Dai-ichi Life targets 30% cut in portfolio CO2 emissions by 2025

Japan insurer would sell $6.5bn in assets as it seizes the initiative on climate change

A solar power facility in Japan's Kanagawa Prefecture: Dai-ichi Life plans to leverage renewable energy projects in its portfolio to offset its own emissions.   © Reuters
YUKI NAKAMURA, Nikkei staff writer | Japan

TOKYO -- Dai-ichi Life Insurance will aim to reduce carbon dioxide emissions from its investment portfolio by 30% by 2025, a potentially trend-setting step by one of Japan's top institutional investors.

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