PICC Property and Casualty Company Limited
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. The company has shown a significant reduction in emissions compared to 2023, where total emissions were about 7,263,270 kg CO2e, comprising 145,310 kg CO2e from Scope 1, 7,117,970 kg CO2e from Scope 2, and 953,480 kg CO2e from Scope 3. Over the past few years, PICC has demonstrated a commitment to reducing its carbon footprint. In 2022, the company reported total emissions of approximately 7,348,080 kg CO2e, with Scope 1 emissions at 159,670 kg CO2e, Scope 2 at 7,188,410 kg CO2e, and Scope 3 at 1,286,380 kg CO2e. The trend indicates a focus on decreasing Scope 2 emissions, which are primarily associated with purchased electricity and heat. Despite these reductions, there are currently no specific reduction targets or climate pledges documented for PICC Property and Casualty Company Limited. The emissions data is cascaded from its parent company, The People's Insurance Company (Group) of China Limited, reflecting the broader corporate family's commitment to sustainability. Overall, while PICC has made strides in reducing its emissions, further commitments and targets would enhance its climate strategy and align with industry standards for corporate responsibility in climate action.
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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 | - |
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 Property and Casualty Company Limited 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.
