China Taiping Insurance Holdings
China Taiping Insurance Holdings Company Limited, commonly known as China Taiping, is a prominent player in the insurance and financial services industry, headquartered in Hong Kong. Established in 1929, the company has evolved significantly, expanding its operations across major regions including Mainland China, the UK, and various international markets. Specialising in life insurance, property and casualty insurance, and asset management, China Taiping distinguishes itself through its comprehensive product offerings and customer-centric approach. The company has achieved notable milestones, including a strong market position as one of the leading insurance providers in Asia, recognised for its financial stability and innovative solutions. With a commitment to excellence, China Taiping continues to set benchmarks in the insurance sector, catering to a diverse clientele with tailored services that meet their unique needs.
DitchCarbon Score
How does China Taiping Insurance Holdings'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 Taiping Insurance Holdings's score of 50 is higher than 73% 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 Taiping Insurance Holdings's reported carbon emissions
In 2024, China Taiping Insurance Holdings, headquartered in Hong Kong, reported total carbon emissions of approximately 59,679,240 kg CO2e. This figure includes 9,399,670 kg CO2e from Scope 1 emissions, 40,669,560 kg CO2e from Scope 2 emissions, and 9,610,027 kg CO2e from Scope 3 emissions. Comparatively, in 2023, the company’s total emissions were about 62,561,170 kg CO2e, with Scope 1 at 10,525,890 kg CO2e, Scope 2 at 48,100,760 kg CO2e, and Scope 3 at 3,934,520 kg CO2e. This indicates a reduction in total emissions of approximately 2,881,930 kg CO2e year-on-year. The company has set a long-term commitment to achieve net zero emissions across all scopes by 2060, with a consistent decrease in carbon emissions noted in their portfolio since 2023. This commitment reflects a proactive approach to climate change and aligns with global sustainability goals. Data on emissions and reduction initiatives are cascaded from the parent organization, China Taiping Insurance Holdings Company Limited, ensuring a comprehensive understanding of their environmental impact and commitments.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 4,897,720 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 32,614,470 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,864,840 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
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 Taiping Insurance Holdings 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.
