ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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

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.

The insurer, which manages 36 trillion yen ($337 billion) in assets, plans 700 billion yen in sales by fiscal 2023 to reduce its holdings in carbon-heavy companies. It is Japan's first institutional investor with a medium-term target for emissions cuts, though others including Nippon Life Insurance have set longer-term goals.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more