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 44 is higher than 92% 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 significant reduction from 2023, where total emissions were about 18,528,300 kg CO2e, comprising Scope 1 emissions of approximately 465,480 kg CO2e, Scope 2 emissions of about 13,929,940 kg CO2e, and Scope 3 emissions of around 1,524,840 kg CO2e. In 2022, Picc's emissions totalled approximately 7,348,080 kg CO2e, with Scope 1 at about 159,670 kg CO2e, Scope 2 at approximately 7,188,410 kg CO2e, and Scope 3 at around 1,286,380 kg CO2e. The company has shown a trend of reducing its emissions over the years, with total emissions in 2021 at about 16,237,890 kg CO2e and in 2020 at approximately 8,225,640 kg CO2e. Despite these reductions, Picc has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. The absence of defined reduction targets suggests a need for further commitment to climate action within the industry context.
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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 | 7,909,480 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000 | 0,000,000 | 0,000,000 | - |
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.
