Heng-An Standard Life insurance Company limited Sustainability Profile
Heng-An Standard Life Insurance Company Limited, commonly referred to as Heng-An Standard Life, is a prominent player in the insurance industry, headquartered in China (CN). Established in 2003, the company has rapidly expanded its operations across major regions, providing a diverse range of insurance products and services. Specialising in life insurance, health insurance, and pension solutions, Heng-An Standard Life distinguishes itself through innovative offerings tailored to meet the evolving needs of its clients. The company has achieved significant milestones, including strategic partnerships and a strong market presence, positioning itself as a trusted provider in the competitive insurance landscape. With a commitment to customer-centric solutions and a robust financial foundation, Heng-An Standard Life continues to enhance its reputation, making it a key contender in the insurance sector in China and beyond.
DitchCarbon Score
How does Heng-An Standard Life insurance Company limited'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
Heng-An Standard Life insurance Company limited's score of 40 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Heng-An Standard Life Insurance Company Limited, headquartered in China (CN), currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is a current subsidiary of abrdn plc, which may influence its climate commitments and reporting practices. As part of its corporate family relationship, Heng-An Standard Life inherits climate performance data from abrdn plc, which is known for its commitment to sustainability and climate action. However, specific reduction targets or initiatives from Heng-An Standard Life itself have not been disclosed, indicating a potential area for development in their climate strategy. While no specific emissions data or reduction targets are provided, the company’s alignment with abrdn plc suggests a commitment to industry-standard climate practices. This includes potential participation in initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), although specific details on these initiatives are not available for Heng-An Standard Life. In summary, Heng-An Standard Life Insurance Company Limited currently lacks specific emissions data and reduction targets, relying on its parent company abrdn plc for climate performance insights. The absence of detailed information highlights an opportunity for the company to enhance its transparency and commitment to climate action.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,667,000 | - | - | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 7,069,000 | - | - | 000,000 | 000,000 | 000,000 |
| Scope 3 | 22,482,000 | 00,000,000 | - | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Heng-An Standard Life insurance Company limited's Industry?
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Heng-An Standard Life insurance Company limited's Scope 3 Categories Breakdown
Heng-An Standard Life insurance Company limited's Scope 3 emissions, which increased by 10% last year and decreased by approximately 67% since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 82% of Scope 3 emissions.
Top Scope 3 Categories
Heng-An Standard Life insurance Company limited'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.
Heng-An Standard Life insurance Company limited 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.
