China Re Sustainability Profile
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.
DitchCarbon Score
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.
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 Re's score of 38 is higher than 55% 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 Re's reported carbon emissions
In 2024, China Re reported total carbon emissions of approximately 35,762,630 kg CO2e, comprising 10,046,260 kg CO2e from Scope 1, 25,716,370 kg CO2e from Scope 2, and 640,490 kg CO2e from Scope 3. This marks a significant increase in emissions compared to 2023, where total emissions were about 51,542,680 kg CO2e, with Scope 1 at 7,074,210 kg CO2e and Scope 2 at 44,468,470 kg CO2e. China Re has set ambitious near-term reduction targets, aiming for a 4% reduction in comprehensive energy consumption per capita by 2025, based on 2021 levels. This target applies to both Scope 1 and Scope 2 emissions. Additionally, the company has initiated the "Action Plan for China Re Group to Serve the National 'Carbon Peak and Carbon Neutrality' Goals and Accelerate the Development of Green Insurance (2022-2025)," which outlines strategies to align with national climate commitments. The emissions data is sourced directly from China Reinsurance (Group) Corporation, with no cascaded data from parent or related organizations. The company continues to focus on enhancing its sustainability practices and reducing its carbon footprint in line with industry standards.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 7,074,210 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 44,468,470 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000 |
How Carbon Intensive is China Re's Industry?
How Carbon Intensive is China Re's Location?
China Re'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 Re 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.
