China Taiping Insurance Holdings
China Taiping Insurance Holdings Company Limited, commonly known as China Taiping, is a prominent player in the insurance and pension funding services sector, excluding compulsory social security services. Headquartered in Hong Kong, the company has established a significant presence across Asia and beyond since its founding in 1929.
Specialising in a diverse range of insurance products, including life, health, and property insurance, China Taiping distinguishes itself through its commitment to customer-centric solutions and innovative service delivery. The company has achieved notable milestones, including its listing on the Hong Kong Stock Exchange, which has solidified its market position as a leading insurance provider. With a strong focus on sustainable growth and financial stability, China Taiping continues to enhance its reputation in the competitive insurance landscape.
+1 vs industry average
China Taiping Insurance Holdings’s score of 38 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
China Taiping Insurance Holdings's reported carbon emissions
China Taiping Insurance Holdings, headquartered in HK and operating within the insurance and pension funding services sector, reported a total of approximately 59.7 billion kg CO2e in emissions for the year 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Looking at historical data, the company's total emissions were approximately 62.6 billion kg CO2e in 2023, down from approximately 80.7 billion kg CO2e in 2022. In 2021, total emissions were around 37.2 billion kg CO2e, and in 2020, they were approximately 41.4 billion kg CO2e. Prior to that, emissions were approximately 44.4 billion kg CO2e in 2019 and about 49.6 billion kg CO2e in 2018. China Taiping Insurance Holdings has set a long-term commitment to achieve net zero emissions before 2060, with carbon emissions in its portfolio already demonstrating a year-on-year decrease leading up to this target. This commitment applies to all scopes of emissions. The company is identified as a current subsidiary, and its emissions data is inherited from its ultimate parent, China Taiping Insurance Holdings Company Limited.
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China Taiping Insurance Holdings’s Climate Goals (2030 & 2050)
1 goal2060
The carbon emissions in the portfolio had been decreasing ye…
The carbon emissions in the portfolio had been decreasing year by year, achieving net zero emissions before 2060.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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China Taiping Insurance Holdings
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