Picc Sustainability Profile
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 26 is lower than 61% 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 2024, Picc reported total carbon emissions of approximately 18,649,250 kg CO2e. This figure represents a slight increase from 2023, where emissions were about 18,528,300 kg CO2e. The emissions breakdown for 2023 includes Scope 1 emissions of approximately 635,150 kg CO2e, comprising mobile and stationary combustion, and Scope 2 emissions of about 17,718,870 kg CO2e, primarily from purchased electricity and heat. Additionally, Scope 3 emissions from business travel accounted for approximately 571,380 kg CO2e. Over the past few years, Picc has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has not reported any Science-Based Targets Initiative (SBTi) reduction targets or significant climate pledges. Emissions data is not cascaded from a parent organization, and all reported figures are derived directly from The People's Insurance Company (Group) of China Limited. In summary, while Picc's emissions have shown a general upward trend, the absence of defined reduction targets highlights an area for potential improvement in their climate strategy.
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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 |
How Carbon Intensive is Picc's Industry?
How Carbon Intensive is Picc's Location?
Picc's Scope 3 Categories Breakdown
Picc's Scope 3 emissions, which increased by 155% last year and increased by approximately 275% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 3% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Picc'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.
Picc 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.
