Picc
The People's Insurance Company of China (PICC), headquartered in Beijing, is a leading player in the insurance industry, primarily serving the Chinese market and expanding its reach across Asia. Founded in 1949, PICC has established itself as a cornerstone of the insurance sector, offering a diverse range of services including property, casualty, life, and health insurance. PICC is renowned for its innovative insurance solutions and customer-centric approach, which have positioned it as a market leader. The company has achieved significant milestones, including being listed on the Hong Kong Stock Exchange, further solidifying its reputation. With a commitment to excellence and a robust portfolio of unique products, PICC continues to set industry standards while catering to the evolving needs of its clients.
DitchCarbon Score
How does Picc'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
Picc's score of 29 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Picc's reported carbon emissions
In 2023, Picc reported total carbon emissions of approximately 18,528,300 kg CO2e. This figure includes Scope 1 emissions of about 635,150 kg CO2e, comprising 169,670 kg CO2e from mobile combustion and 465,480 kg CO2e from stationary combustion. Scope 2 emissions accounted for approximately 4,391,830 kg CO2e from purchased heat and about 12,929,940 kg CO2e from purchased electricity. Additionally, Scope 3 emissions from business travel were around 571,380 kg CO2e. Comparatively, in 2022, total emissions were about 17,823,740 kg CO2e, indicating a slight increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at approximately 570,540 kg CO2e, Scope 2 emissions at about 13,128,650 kg CO2e, and Scope 3 emissions from business travel at 223,850 kg CO2e. Picc has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company’s emissions data is not cascaded from a parent organization, and all reported figures are derived directly from its own disclosures. Overall, while Picc's emissions have increased over the past year, the company has yet to establish formal climate commitments or reduction strategies to address its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 322,010 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 6,963,040 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 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.
Picc 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.
