Roadmap to Carbon Neutral
We will provide insurance products, services, and consulting services, and conduct investment and financing activities to support decarbonization technologies’ development
and practical use, promoting a transition to a decarbonized society. As for greenhouse gas emissions caused by our business activities, we aim to achieve net zero(*1) by
FY 2040. For each of the measures to be implemented to this end, we will set the “MS Green Index” to measure and manage our progress.

1

Green Underwriting/Services (Green Products and Services)3

Develop and offer green products and services(*2) that contribute to a decarbonized society and the conservation
and restoration of natural capital and biodiversity
Underwriting under Sustainability / ESG consideration23（2 0 2 2 - 2 025）
CAGR for green underwriting(*3): 18%

Green Investment ( ESG investment )Foster a transition to a decarbonized society through ESG investment and engagement with clients
Promote impact investment

33（By 2025）（ B y 2 05 0 ）Enhance engagement with thoseinvestee companies that accountfor more than 70% of GHG(*4)
emissions in our shareholding
portfolio(*5)

Achieve net-zero GHG emissions
for our investment and financing
portfolio

Green Operation ( Measures to reduce environmental impacts caused by our business activities )Support the decarbonization of the entire value chain, including agents and customers
Promote paperless operations through DX
Encourage customers to use recycled components when having their automobiles repaired
Environmental impact reduction through the MS&AD Green Earth Project(*6)

Greenhouse gasemissions（ By 2 0 25 ）（By2030）

Introduce LED bulbs to buildings
owned by the company, replace allvehicles owned by the company
with electric models, and installsolar panels at the company-ownedbuildings

Increase the renewable energy
usage ratio to 60% at the buildings owned by the company andincrease the efficiency of theair-conditioning equipment at thecompany-owned buildings（ By 2 0 5 0 ）Increase the renewable energy
usage ratio to 100% at the company-owned buildings

93,471t-CO2 80,831t-CO2 73,161t-CO2 73,798t-CO2

80,000

Scope 3
Scope 3

Scope 3

Scope 340,000

Scope 2

Scope 2

Scope 2

Scope 220,0000

Scope 1

Scope 1

Scope 1

Scope 12019

2020

2021

2022

Scope 1 + 2 emissions

Scope 1, 2 Down 50%(From FY 2019)
Scope 3 Down 50%(From FY 2019)(Categories 1, 3, 5, 6, 7, 13)

60,0002050

2040 Net-zero

2030

100,000

Scope 1 + 2 + 3 emissions(All categories)

Net-zero
Towards a
Carbon-Neutral Society

2025

2030

2040

2050

(*1) Scope 1, 2 emissions(*2) We deﬁne our products that contribute to climate change countermeasures and conservation and restoration of natural capital and biodiversity as “green products.”(*3) Underwriting of green products and underwriting of insurance products for renewable energy-based power generation equipment and EVs (electric vehicles) / FCVs (fuel cell vehicles.)(*4) Greenhouse gas (GHG: greenhouse gas) emissions.
(*5) We engage in constructive dialogue with those investee companies that account for 70% of GHG emissions (listed companies, Scope 1+2) in our shareholding portfolio.
(*6) We make donations for global environmental protection projects and others in proportion to the number of customers who have selected eco-friendly insurance certiﬁcates, online policies, and other environmentally friendly options.