China Pacific Insurance
China Pacific Insurance (CPIC), headquartered in Shanghai, China, is a leading player in the insurance and financial services industry. Founded in 1991, CPIC has established a strong presence across major operational regions, including Beijing, Guangdong, and Zhejiang. The company offers a diverse range of products, including life insurance, property and casualty insurance, and asset management services, distinguished by its customer-centric approach and innovative solutions. With a commitment to excellence, CPIC has achieved significant milestones, such as being listed on the Hong Kong Stock Exchange in 2001. As one of the largest insurance providers in China, CPIC is recognised for its robust market position and has received numerous accolades for its financial strength and service quality, making it a trusted choice for individuals and businesses alike.
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 72% 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 reported significant carbon emissions, with Scope 1 emissions at approximately 45,085,000 kg CO2e and Scope 2 emissions at about 202,742,000 kg CO2e. Notably, the company has not disclosed any Scope 3 emissions for this year. Looking at previous years, emissions have fluctuated. In 2022, Scope 1 emissions were around 43,519,000 kg CO2e, and Scope 2 emissions totalled approximately 188,008,000 kg CO2e. The trend shows an increase in Scope 2 emissions from 196,889,000 kg CO2e in 2021 and 100,000,000 kg CO2e in 2020, indicating a growing carbon footprint in this area. Despite these figures, China Pacific Insurance has not set specific reduction targets or made formal climate pledges, which may limit their accountability in addressing climate change. The absence of Science-Based Targets Initiative (SBTi) reduction targets further highlights a potential gap in their climate strategy. Overall, while China Pacific Insurance is actively reporting its emissions, the lack of defined reduction initiatives suggests a need for enhanced commitment to climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
