CCB Life Insurance Company Limited Sustainability Profile
CCB Life Insurance Company Limited, headquartered in China, is a prominent player in the life insurance industry. Established in 2005, the company has rapidly expanded its operations across major regions in China, offering a diverse range of insurance products and services tailored to meet the needs of individuals and businesses alike. Specialising in life insurance, health insurance, and annuities, CCB Life distinguishes itself through innovative solutions and customer-centric approaches. The company has achieved significant milestones, including recognition for its robust financial performance and commitment to service excellence. With a strong market position, CCB Life continues to enhance its offerings, ensuring clients receive comprehensive protection and peace of mind.
DitchCarbon Score
How does CCB Life Insurance Company Limited'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
CCB Life Insurance Company Limited's score of 22 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CCB Life Insurance Company Limited's reported carbon emissions
In 2023, CCB Life Insurance Company Limited reported total carbon emissions of approximately 1,584,122,240 kg CO2e, encompassing Scope 1 and 2 emissions. This figure reflects a slight decrease from the previous year's emissions of about 1,613,315,090 kg CO2e in 2022. The company has not disclosed any Scope 3 emissions data. Despite the reduction in emissions, CCB Life Insurance has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organization, indicating that these figures are independently reported. CCB Life Insurance's emissions per employee for Scope 1 and 2 were reported at approximately 4,490 kg CO2e in 2023, compared to 4,730 kg CO2e in 2022. Additionally, the company reported Scope 3 emissions related to office paper usage at about 0.05 kg CO2e per employee in 2023, down from 0.06 kg CO2e in 2022. Overall, while CCB Life Insurance has demonstrated a commitment to monitoring and reporting its carbon emissions, further clarity on specific climate commitments and reduction strategies would enhance its sustainability profile.
How Carbon Intensive is CCB Life Insurance Company Limited's Industry?
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CCB Life Insurance Company Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
CCB Life Insurance Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
