China Re, officially known as China Reinsurance (Group) Corporation, is a leading player in the reinsurance industry, headquartered in Beijing, CN. Established in 1999, the company has rapidly expanded its operations across Asia, Europe, and the Americas, solidifying its position as a key provider of reinsurance solutions. Specialising in property and casualty reinsurance, life reinsurance, and insurance-related services, China Re distinguishes itself through its comprehensive risk management capabilities and innovative product offerings. The company has achieved significant milestones, including its successful listing on the Hong Kong Stock Exchange in 2015, which enhanced its market visibility and capital strength. With a robust market position, China Re is recognised for its financial stability and extensive expertise, making it a trusted partner for insurers worldwide. Its commitment to excellence and customer-centric approach continues to drive its growth in the competitive reinsurance landscape.
How does China Re'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.
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.
China Re's score of 30 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, China Re reported total carbon emissions of approximately 51,542,680 kg CO2e, with Scope 1 emissions at about 7,074,210 kg CO2e and Scope 2 emissions at approximately 44,468,470 kg CO2e. This represents a slight decrease from 2022, where total emissions were about 53,807,680 kg CO2e, with Scope 1 at approximately 7,809,120 kg CO2e and Scope 2 at about 45,998,560 kg CO2e. China Re has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of Scope 3 emissions data indicates a potential area for future reporting and improvement. The company’s emissions per revenue metric suggests a focus on integrating sustainability into their financial performance, although no formal climate pledges or science-based targets have been established. Overall, while China Re has made progress in managing its carbon footprint, further commitments and transparency regarding reduction strategies would enhance its climate action profile.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 35,556,370 | 0,000,000 | 0,000,000 |
Scope 2 | - | 00,000,000 | 00,000,000 |
Scope 3 | - | - | - |
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 Re 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.