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 39 is higher than 91% 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 slight increase from 2022, when total emissions were about 313,830 kg CO2e, with Scope 1 at 63,660 kg CO2e, Scope 2 at 170,970 kg CO2e, and Scope 3 at 79,200 kg CO2e. In 2020, Zhongan achieved a significant reduction in emissions, reporting a total of approximately 1,011,770 kg CO2e, down from 1,656,600 kg CO2e in 2019. This reduction was primarily driven by decreases in Scope 2 emissions, which fell to about 470,390 kg CO2e in 2020 from 912,270 kg CO2e in 2019. Despite these reductions, Zhongan has not publicly committed to specific science-based targets or climate pledges, indicating a potential area for future improvement in their climate strategy. The company continues to monitor and report its emissions, reflecting a commitment to transparency in its environmental impact.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to some 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.
