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 37 is higher than 86% 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 2023, China Pacific Insurance reported total emissions of approximately 244,782,000 kg CO2e, comprising 44,162,000 kg CO2e from Scope 1 and 200,897,000 kg CO2e from Scope 2. The company has set ambitious targets to reduce its emissions by 30% from a 2021 baseline by the year 2030 for both Scope 1 and Scope 2 emissions. In 2021, emissions were recorded at 45,930,000 kg CO2e for Scope 1 and 196,889,000 kg CO2e for Scope 2, indicating a commitment to significant reductions in the coming years. Over the years, China Pacific Insurance has demonstrated a proactive approach to managing its carbon footprint, with emissions in 2020 reported at 4,000,000 kg CO2e (Scope 1), 100,000,000 kg CO2e (Scope 2), and 20,000,000 kg CO2e (Scope 3). The company has consistently disclosed its emissions across all three scopes, showcasing transparency in its climate commitments. As part of its sustainability strategy, China Pacific Insurance is focused on reducing its greenhouse gas emissions and aligning with industry standards for climate action. The company's ongoing efforts reflect a broader commitment to environmental stewardship and the transition towards a low-carbon economy.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 | 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 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.
