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Public Profile
Insurance Services
CN
updated a month ago

Zhongan Sustainability Profile

Company website

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.

31

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.

31

Industry Benchmark

Zhongan's score of 31 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.

50%

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Zhongan's reported carbon emissions

In 2024, Zhongan's total carbon emissions amounted to approximately 4,773,310 kg CO2e, with emissions distributed across all three scopes: Scope 1 emissions were about 571,100 kg CO2e, Scope 2 emissions reached approximately 1,593,270 kg CO2e, and Scope 3 emissions totalled around 2,608,940 kg CO2e. This represents a significant increase from 2023, when total emissions were about 367,350 kg CO2e, with Scope 1 at approximately 57,610 kg CO2e, Scope 2 at around 279,020 kg CO2e, and Scope 3 at about 30,720 kg CO2e. Zhongan has set ambitious reduction targets, aiming to cut Scope 1 and Scope 2 emissions by 50% from 2020 levels by the year 2030. This commitment reflects a proactive approach to climate action, aligning with industry standards for greenhouse gas reduction. The company is currently not part of any Science Based Targets initiative (SBTi) but is actively engaging in climate-related disclosures through the Carbon Disclosure Project (CDP). Overall, Zhongan's emissions data and reduction initiatives highlight its commitment to addressing climate change and reducing its carbon footprint in the coming years.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20222024
Scope 1
63,660
000,000
Scope 2
170,970
0,000,000
Scope 3
79,200
0,000,000

How Carbon Intensive is Zhongan's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Zhongan's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Zhongan's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Zhongan is in CN, which we do not have grid emissions data for.

Zhongan'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.

Zhongan 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Zhongan's Emissions with Industry Peers

Taikang Insurance Group Inc.

CN
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 4 days ago

Milestone Systems A/S

DK
•
Computer and related services (72)
Updated about 2 months ago

Taikang Online Property Insurance Co., Ltd.

CN
Updated 3 months ago

Genetec Inc.

CA
•
Computer and related services (72)
Updated 2 months ago

Picc

CN
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 14 days ago

SeeTec GmbH

DE
•
Computer and related services (72)
Updated about 2 months ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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