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 55 is higher than 97% 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 2023, Ping An Insurance reported total carbon emissions of approximately 478,606,000 kg CO2e. This figure includes 35,990,000 kg CO2e from Scope 1 emissions, 373,694,000 kg CO2e from Scope 2, and 68,921,000 kg CO2e from Scope 3 emissions. Over the past few years, the company has demonstrated a commitment to reducing its carbon footprint, with total emissions decreasing from about 797,251,000 kg CO2e in 2019 to the latest figure in 2023. Ping An has set an ambitious target for carbon neutrality by 2060, which aligns with broader efforts to enhance living standards in China and support the country's modernization goals. This long-term commitment encompasses all scopes of emissions, reflecting a comprehensive approach to sustainability. The company has consistently disclosed its emissions across all three scopes, showcasing transparency in its environmental impact. As part of its ongoing initiatives, Ping An aims to further reduce its carbon emissions and contribute to global climate goals.
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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 | 00,000,000 | 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 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.
