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 27 is higher than 79% 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 45,085,000 kg CO2e for Scope 1 and 202,742,000 kg CO2e for Scope 2. The company has not disclosed any Scope 3 emissions for this year. Over the previous years, CPIC's emissions have shown significant fluctuations, with Scope 1 emissions peaking at about 46,000,000 kg CO2e in 2021 and Scope 2 emissions reaching a high of approximately 196,889,000 kg CO2e in the same year. From 2018 to 2022, CPIC's emissions data indicates a general trend of increasing emissions, particularly in Scope 2, which is indicative of their energy consumption patterns. Notably, in 2022, the company reported Scope 1 emissions of about 43,519,000 kg CO2e and Scope 2 emissions of approximately 188,008,000 kg CO2e, alongside Scope 3 emissions of about 17,862,000 kg CO2e. Despite these figures, CPIC has not set specific reduction targets or initiatives as part of their climate commitments, nor have they engaged with the Science Based Targets initiative (SBTi) for formal reduction targets. This lack of defined goals may reflect broader industry challenges in addressing climate change effectively. As a major player in the insurance sector, CPIC's emissions and climate strategies are critical for aligning with global sustainability efforts.
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Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 647,290 | 0,000,000 | 0,000,000 | 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 |
| 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.
