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 56 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Picc's reported carbon emissions
In 2023, Picc reported total carbon emissions of approximately 7,263,270 kg CO2e. This figure includes 145,310 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 7,117,970 kg CO2e from Scope 2 emissions, predominantly from purchased electricity. Additionally, Scope 3 emissions accounted for about 953,480 kg CO2e, with significant contributions from business travel and employee commuting. Comparatively, emissions in 2022 were around 7,348,080 kg CO2e, indicating a slight reduction year-on-year. The company has shown a consistent effort to monitor and report its emissions across Scopes 1, 2, and 3, although no specific reduction targets or initiatives have been disclosed in their climate commitments. Overall, while Picc has made strides in tracking its carbon footprint, it currently lacks formal reduction targets or pledges, which are essential for aligning with industry standards and addressing climate change effectively.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 177,300 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,166,840 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000 | 0,000,000 | 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 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.
