China Pacific Insurance Sustainability Profile
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 lower than 54% 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 emissions. This reflects a slight decrease in Scope 2 emissions compared to 2023, where total emissions were about 245,519,000 kg CO2e, with Scope 1 at approximately 44,162,000 kg CO2e and Scope 2 at about 200,897,000 kg CO2e. Over the past few years, the company has shown a commitment to reducing its carbon footprint, although no specific reduction targets or initiatives have been documented. The emissions data is sourced directly from China Pacific Insurance (Group) Co., Ltd., with no cascaded data from parent or related organizations. The company has not disclosed any Scope 3 emissions, which typically encompass indirect emissions from the value chain. As of now, China Pacific Insurance has not set any Science-Based Targets Initiative (SBTi) reduction targets or made specific climate pledges, indicating a potential area for future commitment in climate action.
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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 | - | - | - | - | - | - |
How Carbon Intensive is China Pacific Insurance's Industry?
How Carbon Intensive is China Pacific Insurance's Location?
China Pacific Insurance'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.
China Pacific Insurance 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.
