Zhongan Sustainability Profile
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 28 is lower than 55% 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's total carbon emissions amounted to approximately 4,773,310 kg CO2e. This total 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 emissions data reflects a significant increase from 2023, when total emissions were approximately 367,350 kg CO2e, with Scope 1 at about 57,610 kg CO2e, Scope 2 at approximately 279,020 kg CO2e, and Scope 3 at around 30,720 kg CO2e. Zhongan has not set specific reduction targets or initiatives as part of its climate commitments, and there are no documented climate pledges or SBTi targets. The emissions data is not cascaded from a parent company, indicating that it is independently reported by Zhongan Online P & C Insurance Co., Ltd. Overall, while Zhongan has reported its emissions, the absence of reduction targets suggests a need for further commitment to climate action within the insurance sector.
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| 2017 | 2022 | 2024 | |
|---|---|---|---|
| Scope 1 | 64,280 | 00,000 | 000,000 |
| Scope 2 | 725,460 | 000,000 | 0,000,000 |
| Scope 3 | 270,870 | 00,000 | 0,000,000 |
How Carbon Intensive is Zhongan's Industry?
How Carbon Intensive is Zhongan's Location?
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.
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