OREANDA-NEWS. Tokio Marine Holdings, Inc. (President and Group CEO: Tsuyoshi Nagano, hereinafter “TMHD”) achieved “carbon neutral*1” in the Group’s overall business activities as of the end of fiscal 2015 for three consecutive years. 

A group subsidiary Tokio Marine & Nichido Fire Insurance Co., Ltd. (hereinafter “TMNF”) has been “carbon neutral” in its domestic business operations since fiscal 2009. As a significant step forward, Tokio Marine Group as a whole achieved “carbon neutral” in its domestic and overseas business operations in fiscal 2011 for the first time and in fiscal 2013, fiscal 2014 and fiscal 2015 for three consecutive years. Tokio Marine Group will continue to promote initiatives for reducing environmental footprint and achieving “carbon neutral”.

1. Achieving “Carbon Neutral”

In undertaking efforts to reduce environmental footprint and achieve “carbon neutral” across the entire Group (domestic and overseas operations), Tokio Marine Group (1) promotes energy conservation and energy efficiency, (2) plants mangrove trees to absorb and stabilize CO2, (3) uses natural energy such as green power (electricity), and (4) retires emission credits.

Thanks to these efforts, the Tokio Marine Group was able to offset CO2 emissions from the Group’s overall business activities (domestic and overseas) in fiscal 2015 through the absorption and stabilization effects of mangrove tree planting and the use of natural energy (purchase of Green Power Certificates).

The Mangrove Planting Project was initiated by TMNF in 1999, and as of the end of March 2016, mangroves had been planted via the project encompassing approximately 9,474 hectares (equivalent to approximately 27.7 times the area of Central Park in New York City) in a total of nine countries in Southeast Asia (Indonesia, Malaysia, Myanmar, the Philippines, Thailand, Vietnam), South Asia (Bangladesh, India) and Fiji.

Mangrove trees planted in these regions help (1) inhibit and alleviate global warming by absorbing and stabilizing CO2, (2) conserve biodiversity, (3) reduce disaster damages to coastal communities from tsunamis and storm surges, and (4) bring economic benefits that include increased catch in commercial fishery and local employments.

As regards Green Power, Philadelphia Insurance Companies purchased green power certificates which is equivalent to meet 100 percent of the annual electricity usage in their business operations and achieved " net zero emissions*2" from fiscal 2013.

2. Overview of “Carbon Neutral” Status for Fiscal 2015

(1) Scope: All business activities of TMHD and its consolidated subsidiaries (in and out of Japan).

(2) Activities: Energy usage (electricity, gas and others) associated with facilities, vehicle and aircraft usage associated with business activities.

(3) Results: CO2 emissions: 122,280 tons < CO2 removal: 133,447 tons