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 32 is higher than 81% 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 carbon emissions of approximately 44,162,000 kg CO2e for Scope 1 and about 200,897,000 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions for this year. In 2024, CPIC's emissions are projected to be around 44,275,000 kg CO2e for Scope 1 and approximately 170,143,000 kg CO2e for Scope 2. Over the years, CPIC has shown fluctuations in its emissions. For instance, in 2019, the company recorded about 3,692,000 kg CO2e for Scope 1, 145,933,000 kg CO2e for Scope 2, and 17,460,150 kg CO2e for Scope 3. By 2021, Scope 1 emissions surged to approximately 45,930,000 kg CO2e, while Scope 2 emissions reached about 196,889,000 kg CO2e, indicating a significant increase in operational emissions. Despite these figures, CPIC has not set specific reduction targets or disclosed any climate pledges, which may limit its accountability in addressing climate change. The absence of defined reduction initiatives suggests that CPIC is still in the early stages of developing a comprehensive climate strategy. As the insurance industry increasingly prioritises sustainability, CPIC's future commitments will be crucial in aligning 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 | 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 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.
