Ping An Insurance Sustainability Profile
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 75% 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 reflects a commitment to reducing emissions across all scopes, with significant efforts focused on Scope 1 and 2 emissions. 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% from 2020 levels by 2030, and similarly, it targets a 30% reduction in Scope 2 emissions by the same year. These initiatives are part of a broader strategy to enhance sustainability and align with global climate commitments. The company has also pledged to achieve carbon neutrality by 2060, recognising the importance of this goal for improving living standards in China and supporting national modernization efforts. This long-term commitment underscores Ping An's proactive approach to addressing climate change and reducing its environmental impact.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
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Ping An Insurance'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.
Ping An Insurance 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.
