China Taiping Insurance Holdings Sustainability Profile
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 67% 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 emissions 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. China Taiping Insurance Holdings has committed to achieving net zero emissions across all scopes by 2060, with a target start year of 2023. This long-term commitment reflects a strategic approach to reducing carbon emissions in its portfolio, aiming for a sustainable future. The emissions data is cascaded from its parent organization, China Taiping Insurance Holdings Company Limited, which provides a comprehensive overview of the company's climate impact and commitments.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,160,170 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 48,412,940 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is China Taiping Insurance Holdings's Industry?
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China Taiping Insurance Holdings'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 Taiping Insurance Holdings 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.
