Picc
The People's Insurance Company of China (PICC), headquartered in Beijing, is a leading player in the insurance industry, primarily serving the Chinese market and expanding its reach across Asia. Founded in 1949, PICC has established itself as a cornerstone of the insurance sector, offering a diverse range of services including property, casualty, life, and health insurance. PICC is renowned for its innovative insurance solutions and customer-centric approach, which have positioned it as a market leader. The company has achieved significant milestones, including being listed on the Hong Kong Stock Exchange, further solidifying its reputation. With a commitment to excellence and a robust portfolio of unique products, PICC continues to set industry standards while catering to the evolving needs of its clients.
DitchCarbon Score
How does Picc'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
Picc's score of 32 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Picc's reported carbon emissions
In 2023, Picc reported total carbon emissions of approximately 18,528,300 kg CO2e. This figure includes Scope 1 emissions of about 465,480 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 12,929,940 kg CO2e, mainly from purchased electricity. Additionally, Scope 3 emissions, specifically from business travel, accounted for about 571,380 kg CO2e. Comparatively, in 2022, total emissions were around 17,823,740 kg CO2e, with Scope 1 emissions at about 428,760 kg CO2e and Scope 2 emissions at approximately 13,128,650 kg CO2e. The Scope 3 emissions for that year were significantly lower, at about 223,850 kg CO2e. Over the past few years, Picc has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The emissions data is not cascaded from a parent company, and all figures are reported directly from Picc. The organization is actively engaged in climate-related initiatives, as indicated by its participation in the CDP, although no specific SBTi targets or climate pledges have been established. Overall, Picc's emissions reflect a significant operational scale, with a focus on managing and reporting its carbon impact in alignment with industry standards.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 6,963,040 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 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.
Picc is not participating in any of the initiatives that 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.
