PICC Property and Casualty Company Limited Sustainability Profile
PICC Property and Casualty Company Limited, commonly referred to as PICC P&C, is a leading player in the insurance industry, headquartered in China (CN). Established in 1949, the company has grown to become a prominent provider of property and casualty insurance, serving a diverse clientele across major operational regions in China and beyond. PICC P&C offers a comprehensive range of insurance products, including motor, liability, and property insurance, distinguished by their customer-centric approach and innovative solutions. With a strong market position, the company has achieved significant milestones, including being one of the largest property and casualty insurers in China. Its commitment to excellence and robust financial performance underscores its reputation as a trusted name in the insurance sector.
DitchCarbon Score
How does PICC Property and Casualty Company Limited'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 Property and Casualty Company Limited's score of 51 is higher than 68% 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 Property and Casualty Company Limited's reported carbon emissions
In 2024, PICC Property and Casualty Company Limited reported total carbon emissions of approximately 4,744,780 kg CO2e. This figure includes 135,960 kg CO2e from Scope 1 emissions and 3,607,530 kg CO2e from Scope 2 emissions. Notably, the company has not disclosed any Scope 3 emissions data for this year. Comparatively, in 2023, the company recorded total emissions of about 7,263,270 kg CO2e, with Scope 1 emissions at 145,310 kg CO2e, Scope 2 emissions at 7,117,970 kg CO2e, and Scope 3 emissions at 953,480 kg CO2e. This indicates a significant reduction in total emissions from 2023 to 2024. PICC Property and Casualty Company Limited has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The emissions data for PICC is cascaded from its parent organization, The People's Insurance Company (Group) of China Limited, reflecting its current subsidiary status. Overall, while PICC Property and Casualty Company Limited has demonstrated a reduction in emissions, the absence of formal reduction targets highlights an area for potential improvement in its climate strategy.
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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 | - | - | - | 0,000,000 | 000,000 | - |
How Carbon Intensive is PICC Property and Casualty Company Limited's Industry?
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PICC Property and Casualty Company Limited'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 Property and Casualty Company Limited 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.
