China Life Insurance Co
China Life Insurance Co., also known as China Life, is a leading player in the insurance industry, headquartered in Hong Kong. Established in 1949, the company has grown to become one of the largest life insurance providers in Asia, with significant operations across mainland China and other key regions. Specialising in life insurance, health insurance, and pension products, China Life distinguishes itself through its comprehensive coverage options and customer-centric services. The company has achieved notable milestones, including a strong market position and recognition for its financial stability and innovative insurance solutions. With a commitment to meeting the diverse needs of its clients, China Life continues to set industry standards, making it a trusted choice for individuals and businesses seeking reliable insurance coverage.
DitchCarbon Score
How does China Life Insurance Co'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 Life Insurance Co's score of 25 is lower than 58% 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 Life Insurance Co's reported carbon emissions
In 2023, China Life Insurance Co, headquartered in Hong Kong, reported total carbon emissions of approximately 68,985,108 kg CO2e, comprising 49,860,250 kg CO2e from Scope 1 and 639,990,830 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2022, where total emissions were about 70,824,170 kg CO2e, with Scope 1 at 48,385,050 kg CO2e and Scope 2 at 659,856,650 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Notably, there are no specific reduction targets or climate pledges outlined in their current commitments, which may limit their accountability in addressing climate change. China Life Insurance Co's emissions data is cascaded from its parent company, China Life Insurance (Overseas) Company Limited, which may influence its overall sustainability strategy. The absence of defined reduction initiatives suggests that the company is still in the early stages of developing a comprehensive climate action plan.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 48,385,050 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 659,856,650 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 708,241,700 | - | - | - |
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 Life Insurance Co 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.
