China Pacific Insurance
China Pacific Insurance (Group) Co., Ltd., commonly known as CPIC, is a leading insurance provider headquartered in Shanghai, CN. Established in 1991, CPIC has grown to become a prominent player in the insurance industry, offering a diverse range of services across life insurance, property and casualty insurance, and asset management. With a strong presence in major operational regions throughout China, CPIC is recognised for its innovative products and customer-centric approach. The company’s core offerings include life insurance policies, health insurance, and various investment products, distinguished by their flexibility and comprehensive coverage options. As one of the largest insurance groups in China, CPIC has achieved significant milestones, including being listed on the Hong Kong Stock Exchange. Its commitment to excellence and robust market position underscore its reputation as a trusted provider in the competitive insurance landscape.
DitchCarbon Score
How does China Pacific 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
China Pacific Insurance's score of 27 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
China Pacific Insurance's reported carbon emissions
In 2023, China Pacific Insurance (CPIC) reported significant carbon emissions, with Scope 1 emissions at approximately 45,085,000 kg CO2e and Scope 2 emissions at about 202,742,000 kg CO2e. Notably, the company has not disclosed any Scope 3 emissions for this year. Over the previous years, CPIC's emissions have shown fluctuations. In 2022, Scope 1 emissions were around 43,519,000 kg CO2e, and Scope 2 emissions reached approximately 188,008,000 kg CO2e. The trend continued with 2021 reporting Scope 1 emissions of about 45,930,000 kg CO2e and Scope 2 emissions of approximately 196,889,000 kg CO2e. Despite these figures, CPIC has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The company has disclosed emissions data for Scopes 1 and 2 but lacks comprehensive reporting on Scope 3 emissions, which are crucial for understanding the full impact of their operations. As CPIC continues to navigate its environmental responsibilities, the absence of defined reduction initiatives may hinder its ability to align with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 647,290 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 56,740,650 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,492,030 | 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.
China Pacific 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.
