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 35 is higher 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 2023, Picc reported total carbon emissions of approximately 13,055,000 kg CO2e. This figure includes 495,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 1,200,000 kg CO2e from Scope 2 emissions, predominantly from purchased electricity. Scope 3 emissions accounted for a significant portion, totalling about 11,360,000 kg CO2e, with major contributions from categories such as purchased goods and services (3,500,000 kg CO2e) and use of sold products (2,200,000 kg CO2e). Comparatively, in 2022, Picc's total emissions were approximately 17,824,740 kg CO2e, indicating a reduction of about 4,769,740 kg CO2e year-on-year. This reduction reflects ongoing efforts to manage and decrease their carbon footprint. Despite these figures, Picc has not set specific reduction targets or climate pledges, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The emissions data is not cascaded from a parent company, as Picc operates independently in this regard. Overall, while Picc has made strides in reducing emissions, the absence of formal reduction commitments suggests an opportunity for further climate action and accountability in their sustainability strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 6,963,040 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 00,000,000 |
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.
