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 32 is higher than 80% 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 2023, China Taiping Insurance Holdings reported total carbon emissions of approximately 62,561,170 kg CO2e. This figure includes Scope 1 emissions of about 10,525,890 kg CO2e, Scope 2 emissions of approximately 48,100,760 kg CO2e, and Scope 3 emissions of around 3,934,520 kg CO2e. Comparatively, in 2022, the company’s total emissions were about 80,668,050 kg CO2e, with Scope 1 at approximately 5,616,700 kg CO2e, Scope 2 at around 74,303,720 kg CO2e, and Scope 3 at about 747,630 kg CO2e. This indicates a significant reduction in total emissions from 2022 to 2023. In previous years, emissions were also substantial, with 2021 reporting total emissions of about 37,204,170 kg CO2e, and 2020 at approximately 41,377,030 kg CO2e. The company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment and improvement in their climate strategy. Overall, while China Taiping Insurance Holdings has made strides in reducing its carbon footprint, the absence of formal reduction targets suggests that further action may be necessary to align with global climate goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 4,897,720 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 32,614,470 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,864,840 | 0,000,000 | 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.
