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 61 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ping An Insurance's reported carbon emissions
In 2024, Ping An Insurance reported total carbon emissions of approximately 439,291,000 kg CO2e, a decrease from about 478,606,000 kg CO2e in 2023. The emissions breakdown for 2024 includes 28,158,000 kg CO2e from Scope 1, 342,193,000 kg CO2e from Scope 2, and 68,941,000 kg CO2e from Scope 3. This trend indicates a commitment to reducing emissions across all scopes, particularly in Scope 1 and 2, which are primarily associated with direct operations and energy consumption. Ping An has set ambitious targets to achieve near-zero emissions for both Scope 1 and Scope 2 by 2025. Additionally, the company aims to reduce its Scope 1 emissions by 30% and Scope 2 emissions by 30% from 2020 levels by 2030. These targets reflect a proactive approach to climate action and align with broader industry standards for sustainability. The company has also committed to achieving carbon neutrality by 2060, which is seen as a crucial step towards enhancing living standards in China and supporting national modernization efforts. This long-term goal underscores Ping An's dedication to integrating sustainability into its core business strategy. Overall, Ping An Insurance's emissions data and climate commitments demonstrate a clear trajectory towards significant reductions in carbon emissions, reinforcing its role as a leader in the insurance sector's response to climate change.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,774,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 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 | 000,000,000 |
| Scope 3 | 45,347,000 | 000,000,000 | 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 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.
