New China Life Insurance Co., Ltd., commonly referred to as New China Life, is a prominent player in the insurance and pension funding services sector, headquartered in Beijing, China. Established in 1996, the company has grown significantly, offering a diverse range of products including life insurance, health insurance, and pension plans, tailored to meet the evolving needs of its clients.
With a strong presence across major regions in China, New China Life has distinguished itself through innovative insurance solutions and a commitment to customer service. The company has achieved notable milestones, including being listed on the Hong Kong Stock Exchange, which underscores its market position as one of the leading insurance providers in the country. By focusing on comprehensive coverage and financial security, New China Life continues to enhance its reputation in the competitive insurance landscape.
-1 vs industry average
New China Life Insurance’s score of 38 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at New China Life Insurance?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Insurance Services has above-average carbon intensity
Industry performance
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
New China Life Insurance's reported carbon emissions
New China Life Insurance, headquartered in CN and operating in the insurance and pension funding services sector, has reported the following carbon emissions data:
For the year 2024, the company reported a total of approximately 45.2 million kg CO2e. This figure includes Scope 1 emissions of about 20 kg CO2e, Scope 2 emissions of approximately 23.8 million kg CO2e, and Scope 3 emissions amounting to around 19.5 million kg CO2e. Within Scope 3, business travel accounted for approximately 4.7 million kg CO2e and waste generated in operations for about 20,530 kg CO2e.
In 2023, New China Life Insurance's emissions totalled approximately 29.4 million kg CO2e, comprising Scope 1 emissions of about 2.4 million kg CO2e and Scope 3 emissions of roughly 26.9 million kg CO2e. Scope 2 data was not available for this year.
For 2022, the total emissions were approximately 18.1 million kg CO2e, with Scope 1 emissions at about 1.1 million kg CO2e and Scope 3 emissions around 17 million kg CO2e. Scope 2 data was not reported for 2022.
In 2021, the company reported Scope 1 emissions of approximately 1.5 million kg CO2e, including about 292,790 kg CO2e from stationary combustion. Scope 2 emissions for that year were approximately 17.5 million kg CO2e, primarily from purchased electricity. Scope 3 emissions data was not disclosed for 2021.
New China Life Insurance has not publicly disclosed specific reduction targets or commitments to initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge. The company's reporting indicates that data for Scope 3 category "purchased goods and services" is missing for the reported years.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
New China Life Insurance’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for New China Life Insurance yet.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
View similar organisations
New China Life Insurance
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project