New China Life Insurance

New China Life Insurance's reported carbon emissions

New China Life Insurance, a company in the insurance and pension funding services sector (66) based in CN, reported approximately 46.5 billion kg CO2e in total emissions for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2024, the company's Scope 1 emissions were approximately 20 kg CO2e, while Scope 2 emissions stood at approximately 23,752,590 kg CO2e. Scope 3 emissions for the same year were approximately 19,482,150 kg CO2e, with business travel accounting for about 4,733,640 kg CO2e and waste generated in operations contributing approximately 20,530 kg CO2e. The combined Scope 1 and 2 emissions for 2024 were approximately 2,693,520 kg CO2e. For 2023, New China Life Insurance reported Scope 1 emissions of approximately 2,389,220 kg CO2e and Scope 3 emissions of approximately 26,938,510 kg CO2e. Their Scope 1 and 2 emissions for 2023 totalled approximately 29,372,730 kg CO2e. In 2022, Scope 1 emissions were approximately 1,147,950 kg CO2e, with Scope 3 emissions at approximately 16,978,570 kg CO2e. The combined Scope 1 and 2 emissions for 2022 amounted to approximately 18,126,520 kg CO2e. Looking back to 2021, Scope 1 emissions were approximately 1,452,340 kg CO2e, with Scope 2 emissions totalling approximately 17,521,280 kg CO2e. This resulted in combined Scope 1 and 2 emissions of approximately 18,970,630 kg CO2e for that year. New China Life Insurance's reports for 2021, 2022, 2023, and 2024 indicate that Scope 3 emissions data for purchased goods and services is missing. The company has not publicly disclosed specific reduction targets or commitments to initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge.