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 15 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Zhongan's reported carbon emissions
In 2023, Zhongan reported total carbon emissions of approximately 367,350 kg CO2e, with emissions distributed across various scopes: 57,610 kg CO2e from Scope 1, 279,020 kg CO2e from Scope 2, and 30,720 kg CO2e from Scope 3. This marks a significant reduction from previous years, particularly from 2019 when total emissions were about 1,656,600 kg CO2e. The company's emissions have shown a downward trend, with total emissions decreasing from approximately 1,017,770 kg CO2e in 2020 and 313,830 kg CO2e in 2022. This indicates a commitment to reducing their carbon footprint over time. However, there are currently no specific reduction targets or climate pledges disclosed by Zhongan, which suggests that while they are making progress in emissions reduction, formal commitments to future targets are not yet established. Overall, Zhongan's emissions data reflects a proactive approach to managing their carbon impact, with a notable focus on reducing Scope 1 and Scope 2 emissions, which are typically within a company's direct control.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 114,420 | 000,000 | 00,000 | 00,000 |
| Scope 2 | 912,270 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 629,910 | 000,000 | 00,000 | 00,000 |
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 committed to any reduction initiatives 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.
