Ping An Insurance

Ping An Insurance, headquartered in CN and operating in the Distribution and trade services of electricity industry, reported its 2025 carbon emissions as 381,061,000 kg CO2e. This includes Scope 1 emissions of 45,100,000 kg CO2e and Scope 2 (market-based) emissions of 265,440,000 kg CO2e.

Looking back, in 2024, the company's total emissions were approximately 463,739,000 kg CO2e, with Scope 1 emissions at 28,158,000 kg CO2e and Scope 2 (market-based) emissions at 344,077,000 kg CO2e. For 2022, Ping An Insurance reported total emissions of around 492,710,000 kg CO2e, comprising Scope 1 emissions of 17,964,000 kg CO2e, Scope 2 emissions of 437,312,000 kg CO2e, and Scope 3 emissions of 37,434,000 kg CO2e. In 2020, total emissions were about 530,299,410 kg CO2e, including Scope 1 emissions of 2,114,510 kg CO2e, Scope 2 emissions of 478,287,470 kg CO2e, and Scope 3 emissions of 49,897,430 kg CO2e. The highest reported emissions were in 2019, with a total of approximately 797,251,000 kg CO2e, consisting of Scope 1 emissions of 7,156,000 kg CO2e, Scope 2 emissions of 720,605,000 kg CO2e, and Scope 3 emissions of 69,490,000 kg CO2e.

Ping An Insurance has set several climate commitments. The company aims for carbon neutrality across its operations by 2030. Furthermore, it has a near-term target to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of this decade (2025). The company also has specific absolute reduction targets to cut Scope 1 emissions by 30% from 2020 levels by 2030, and Scope 2 emissions by 30% from 2020 levels by 2030. Additionally, the company has intensity reduction targets for Scope 1 and Scope 2 emissions, aiming to reduce them by 20% by 2030, using 2018 as the base year. There is also a long-term aspiration for carbon neutrality by 2060, aligned with China's national goals.