Ping An Insurance
Ping An Insurance (Group) Company of China, Ltd., commonly referred to as Ping An, is a leading integrated financial services provider headquartered in Shenzhen, CN. Founded in 1988, the company has grown to become a dominant player in the insurance, banking, and asset management sectors, with a strong presence across Asia and expanding operations globally. Ping An is renowned for its innovative approach to insurance and financial services, offering a diverse range of products including life insurance, property and casualty insurance, and health insurance. Its unique integration of technology and finance, exemplified by its use of artificial intelligence and big data, sets it apart in the competitive landscape. As one of the largest insurance companies in the world by market capitalisation, Ping An has achieved numerous accolades, reflecting its commitment to customer service and operational excellence. With a focus on sustainable growth and digital transformation, Ping An continues to redefine the financial services industry.
DitchCarbon Score
How does Ping An Insurance's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ping An Insurance's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ping An Insurance's reported carbon emissions
In 2023, Ping An Insurance reported total carbon emissions of approximately 426,082,620 kg CO2e. This figure includes 21,962,590 kg CO2e from Scope 1 emissions, 373,693,960 kg CO2e from Scope 2 emissions, and 30,426,070 kg CO2e from Scope 3 emissions. Over the years, the company has shown fluctuations in its emissions, with a peak in 2019 at about 797,251,000 kg CO2e. From 2015 to 2023, Ping An's emissions have generally decreased, with a notable reduction from 797,251,000 kg CO2e in 2019 to the current figure. However, the company has not publicly disclosed specific reduction targets or initiatives aimed at further decreasing its carbon footprint. Ping An Insurance's commitment to addressing climate change is evident through its comprehensive reporting on emissions across all three scopes, although it lacks formal reduction targets such as those set by the Science Based Targets initiative (SBTi). The company continues to monitor and report its emissions, reflecting an ongoing commitment to transparency in its climate impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,774,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 123,860,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 45,347,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ping An Insurance is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
