Sumitomo Life Insurance Company is one of the leading life insurance companies in Japan, with a history dating back to 1907. The company has a strong commitment to sustainability and has taken significant steps towards decarbonisation, including the adoption of renewable energy and the implementation of corporate energy strategies.

As part of its commitment to sustainability, Sumitomo Life Insurance Company has set ambitious targets for reducing its carbon footprint. The company has pledged to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2013 levels. To achieve this goal, the company has implemented a range of measures, including the adoption of renewable energy sources and the implementation of energy-efficient technologies.

One of the key initiatives that Sumitomo Life Insurance Company has undertaken to reduce its carbon footprint is the implementation of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for the electricity generated by the provider. By entering into PPAs, Sumitomo Life Insurance Company is able to secure a stable supply of renewable energy, while also supporting the growth of the renewable energy sector.

In 2019, Sumitomo Life Insurance Company signed a PPA with a wind power plant in Hokkaido, which will supply the company with 10,000 MWh of renewable energy per year. This is equivalent to the electricity consumption of around 2,500 households in Japan. The PPA is expected to reduce the company's greenhouse gas emissions by around 5,000 tonnes per year.

In addition to its PPA initiatives, Sumitomo Life Insurance Company has also implemented a range of energy-efficient technologies and practices to reduce its energy consumption. The company has introduced LED lighting, motion sensors, and energy-efficient air conditioning systems in its offices and other facilities. These measures have helped the company to reduce its energy consumption by around 10% compared to its 2013 levels.

Sumitomo Life Insurance Company has also taken steps to promote renewable energy and sustainability in the wider community. The company has participated in a range of initiatives, including the installation of solar panels on the roofs of schools and other public buildings in Japan. The company has also provided financial support to renewable energy projects, including wind power and solar power plants.

Overall, Sumitomo Life Insurance Company is a leader in the life insurance sector in Japan, with a strong commitment to sustainability and decarbonisation. The company's adoption of renewable energy sources and implementation of energy-efficient technologies and practices have helped to reduce its carbon footprint and support the growth of the renewable energy sector. The company's commitment to sustainability extends beyond its own operations, with initiatives to promote renewable energy and sustainability in the wider community.