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 63 is higher than 98% 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 4,744,780 kg CO2e, with Scope 1 emissions at about 135,960 kg CO2e and Scope 2 emissions at approximately 3,607,530 kg CO2e. This marks a decrease from 2023, where total emissions were about 5,986,800 kg CO2e, comprising Scope 1 emissions of approximately 145,310 kg CO2e, Scope 2 emissions of about 7,117,970 kg CO2e, and Scope 3 emissions of around 953,480 kg CO2e. PICC has set ambitious climate commitments, aiming to lead the insurance industry in supporting China's carbon peak goals by the end of 2030. Additionally, by the end of 2025, the company plans to establish a solid foundation to support the achievement of these carbon peak targets. These initiatives reflect PICC's commitment to reducing its carbon footprint across all scopes of emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 177,300 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,166,840 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000 | 0,000,000 | 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.
