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 29 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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China Pacific Insurance's reported carbon emissions
In 2024, China Pacific Insurance reported total carbon emissions of approximately 214,368,000 kg CO2e, comprising about 44,275,000 kg CO2e from Scope 1 and about 170,143,000 kg CO2e from Scope 2. This marks a slight decrease in Scope 2 emissions compared to 2023, where total emissions were approximately 244,559,000 kg CO2e, with Scope 1 emissions at about 44,162,000 kg CO2e and Scope 2 emissions at about 200,897,000 kg CO2e. Over the past few years, the company has shown a trend of fluctuating emissions. In 2022, emissions totalled approximately 231,197,000 kg CO2e, with Scope 1 at about 43,519,000 kg CO2e and Scope 2 at about 188,008,000 kg CO2e. In 2021, emissions were approximately 242,188,000 kg CO2e, with Scope 1 at about 45,930,000 kg CO2e and Scope 2 at about 196,889,000 kg CO2e. Despite these figures, China Pacific Insurance has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of defined reduction strategies suggests a need for further transparency and action in addressing their carbon footprint. The company has not reported on Scope 3 emissions, which typically encompass indirect emissions from the value chain, indicating a potential area for future focus. Overall, while China Pacific Insurance has made some progress in managing its emissions, the lack of clear reduction targets highlights an opportunity for enhanced climate action and commitment to sustainability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 647,290 | 0,000,000 | 0,000,000 | 00,000,000 | 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 | 000,000,000 |
| Scope 3 | 3,492,030 | - | - | - | - | - | - |
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 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.
