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 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.
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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.
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| 2022 | 2024 | |
|---|---|---|
| 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?
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.
