Ping An Insurance
Ping An Insurance (Group) Company of China, Ltd., commonly referred to as Ping An, is a leading integrated financial services provider headquartered in Shenzhen, CN. Founded in 1988, the company has grown to become a dominant player in the insurance, banking, and asset management sectors, with a strong presence across Asia and expanding operations globally. Ping An is renowned for its innovative approach to insurance and financial services, offering a diverse range of products including life insurance, property and casualty insurance, and health insurance. Its unique integration of technology and finance, exemplified by its use of artificial intelligence and big data, sets it apart in the competitive landscape. As one of the largest insurance companies in the world by market capitalisation, Ping An has achieved numerous accolades, reflecting its commitment to customer service and operational excellence. With a focus on sustainable growth and digital transformation, Ping An continues to redefine the financial services industry.
DitchCarbon Score
How does Ping An Insurance'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
Ping An Insurance's score of 38 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ping An Insurance's reported carbon emissions
In 2023, Ping An Insurance reported total carbon emissions of approximately 426,082,620 kg CO2e. This figure includes 21,962,590 kg CO2e from Scope 1 emissions, 373,693,960 kg CO2e from Scope 2 emissions, and 30,426,070 kg CO2e from Scope 3 emissions. Over the years, the company has shown fluctuations in its emissions. For instance, in 2022, total emissions were about 492,710,150 kg CO2e, with Scope 1 at 17,964,090 kg CO2e, Scope 2 at 437,311,870 kg CO2e, and Scope 3 at 37,434,190 kg CO2e. Notably, emissions peaked in 2019 at 797,251,000 kg CO2e, primarily driven by Scope 2 emissions, which accounted for 720,605,000 kg CO2e. Despite these figures, there are currently no specific reduction targets or initiatives disclosed by Ping An Insurance. The absence of documented reduction strategies suggests a need for enhanced climate commitments in line with industry standards. As a major player in the insurance sector, Ping An's climate actions will be crucial in addressing global climate challenges.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,774,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 123,860,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 45,347,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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.
Ping An Insurance is not committed to any reduction initiatives 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.
