Zhongan
Zhongan, officially known as ZhongAn Online P&C Insurance Co., Ltd., is a pioneering insurtech company headquartered in Shanghai, China. Founded in 2013, it has rapidly established itself as a leader in the insurance industry, particularly in digital insurance solutions. The company operates primarily in China, with significant influence in the Asia-Pacific region. Specialising in online property and casualty insurance, Zhongan offers a range of innovative products, including health, travel, and auto insurance. Its unique approach leverages big data and artificial intelligence to enhance customer experience and streamline claims processing. Recognised for its technological advancements, Zhongan became the first online-only insurer to be listed on the Hong Kong Stock Exchange in 2017, solidifying its market position and commitment to transforming the insurance landscape.
DitchCarbon Score
How does Zhongan'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
Zhongan's score of 31 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zhongan's reported carbon emissions
In 2024, Zhongan reported total carbon emissions of approximately 4,773,310 kg CO2e. This figure includes Scope 1 emissions of about 571,100 kg CO2e, Scope 2 emissions of approximately 1,593,270 kg CO2e, and Scope 3 emissions of around 2,608,940 kg CO2e. The company has set ambitious reduction targets, aiming to decrease its Scope 1 and Scope 2 emissions by 50% from 2020 levels by the year 2030. This commitment reflects a proactive approach to mitigating climate impact and aligns with industry standards for carbon management. In previous years, Zhongan's emissions were significantly lower, with total emissions of about 1,016,770 kg CO2e in 2020, 1,656,600 kg CO2e in 2019, and 313,830 kg CO2e in 2022. The data indicates a growing awareness and response to climate change challenges, as evidenced by their ongoing efforts to track and reduce emissions across all scopes. Overall, Zhongan's climate commitments demonstrate a clear trajectory towards sustainability, with specific targets that contribute to global efforts in reducing greenhouse gas emissions.
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| 2019 | 2020 | 2022 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 114,420 | 000,000 | 00,000 | 000,000 |
| Scope 2 | 912,270 | 000,000 | 000,000 | 0,000,000 |
| Scope 3 | 629,910 | 000,000 | 00,000 | 0,000,000 |
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.
Zhongan 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.
