China Re
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 35 is higher than 83% 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 2023, China Re reported total carbon emissions of approximately 51,542,680 kg CO2e, a slight decrease from about 53,807,680 kg CO2e in 2022. The emissions breakdown for 2023 indicates that Scope 1 emissions accounted for about 7,074,210 kg CO2e, while Scope 2 emissions were significantly higher at approximately 44,468,470 kg CO2e. Notably, there were no reported Scope 3 emissions for either year. China Re has set ambitious near-term reduction targets, aiming to decrease comprehensive energy consumption per capita by 4% by 2025, based on 2021 levels. This initiative is expected to yield positive results in both emissions and waste reduction, impacting both Scope 1 and Scope 2 emissions. Overall, China Re's commitment to reducing its carbon footprint aligns with global climate action efforts, reflecting a proactive approach to sustainability within the insurance industry.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 7,809,120 | 0,000,000 |
| Scope 2 | 45,998,560 | 00,000,000 |
| 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 Re is not participating in any of the initiatives that 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.
