Taikang Insurance Group Inc. Sustainability Profile
Taikang Insurance Group Inc., a prominent player in the insurance and financial services industry, is headquartered in Beijing, China. Founded in 1996, the company has established itself as a leader in life insurance, health insurance, and asset management, catering to a diverse clientele across major operational regions in China and beyond. With a commitment to innovation, Taikang offers unique products such as comprehensive life insurance plans and health management services that stand out in the competitive market. The company has achieved significant milestones, including being one of the first insurers to integrate technology into its service delivery, enhancing customer experience and operational efficiency. Recognised for its robust market position, Taikang continues to expand its influence, making it a trusted name in the insurance sector.
DitchCarbon Score
How does Taikang Insurance Group Inc.'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
Taikang Insurance Group Inc.'s score of 24 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Taikang Insurance Group Inc.'s reported carbon emissions
In 2022, Taikang Insurance Group Inc. reported total carbon emissions of approximately 71,226,600 kg CO2e from Scope 1 and 78,620,010 kg CO2e from Scope 2, resulting in a combined total of about 85,742,610 kg CO2e. This reflects a decrease from 2021, where emissions were approximately 90,969,950 kg CO2e for Scope 1 and 73,723,210 kg CO2e for Scope 2, culminating in a total of about 82,820,160 kg CO2e. In 2020, the company recorded emissions of around 8,402,120 kg CO2e for Scope 1 and 58,079,170 kg CO2e for Scope 2, leading to a total of about 66,481,290 kg CO2e. Despite these figures, Taikang Insurance Group Inc. has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Overall, while Taikang Insurance Group Inc. has made strides in tracking its emissions, further commitments and reduction initiatives would enhance its climate strategy and align it with industry standards.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 8,402,120 | 0,000,000 | 0,000,000 |
| Scope 2 | 58,079,170 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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Taikang Insurance Group Inc.'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.
Taikang Insurance Group Inc. 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.
