China Pacific Insurance Company
China Pacific Insurance Company, also known as CPIC, is a leading player in the insurance and financial services industry, headquartered in Shanghai, CN. Established in 1991, CPIC has grown to become one of the largest insurance groups in China, with a strong presence in life insurance, property and casualty insurance, and asset management. The company offers a diverse range of products, including life insurance policies, health insurance, and various investment solutions, distinguished by their customer-centric approach and innovative offerings. CPIC's commitment to quality service and robust financial performance has earned it a prominent market position, recognised for its stability and reliability in the insurance sector. With a focus on sustainable growth and technological advancement, CPIC continues to set benchmarks in the industry.
DitchCarbon Score
How does China Pacific Insurance Company'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 Financial Intermediation 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 Company's score of 22 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
China Pacific Insurance Company's reported carbon emissions
In 2023, China Pacific Insurance Company (CPIC) reported total carbon emissions of approximately 247,827,000 kg CO2e, comprising about 45,085,000 kg CO2e from Scope 1 and about 202,742,000 kg CO2e from Scope 2. This represents a slight increase in Scope 1 emissions compared to 2022, where emissions were approximately 43,519,000 kg CO2e, and a rise in Scope 2 emissions from about 188,008,000 kg CO2e. In 2022, CPIC's total emissions were approximately 231,527,000 kg CO2e, indicating a trend of increasing emissions over the past two years. The company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for more robust climate commitments in line with industry standards. Overall, while CPIC has made strides in reporting its emissions, the absence of defined reduction targets highlights an opportunity for the company to enhance its climate strategy and contribute more effectively to global climate goals.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 45,930,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 196,889,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - |
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 Company 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.
