Ping An Insurance
Ping An Insurance (Group) Company of China, Ltd., commonly referred to as Ping An, is a leading integrated financial services provider headquartered in Shenzhen, CN. Founded in 1988, the company has grown to become a dominant player in the insurance, banking, and asset management sectors, with a strong presence across Asia and expanding operations globally. Ping An is renowned for its innovative approach to insurance and financial services, offering a diverse range of products including life insurance, property and casualty insurance, and health insurance. Its unique integration of technology and finance, exemplified by its use of artificial intelligence and big data, sets it apart in the competitive landscape. As one of the largest insurance companies in the world by market capitalisation, Ping An has achieved numerous accolades, reflecting its commitment to customer service and operational excellence. With a focus on sustainable growth and digital transformation, Ping An continues to redefine the financial services industry.
DitchCarbon Score
How does Ping An Insurance'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
Ping An Insurance's score of 61 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ping An Insurance's reported carbon emissions
In 2024, Ping An Insurance reported total carbon emissions of approximately 439,291,000 kg CO2e. This figure includes 28,158,000 kg CO2e from Scope 1 emissions, 342,193,000 kg CO2e from Scope 2, and 68,941,000 kg CO2e from Scope 3. In comparison, their 2023 emissions were about 478,606,000 kg CO2e, with Scope 1 at 35,990,000 kg CO2e, Scope 2 at 373,694,000 kg CO2e, and Scope 3 at 68,921,000 kg CO2e. Ping An has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions to near zero by 2025. Additionally, they plan to achieve a 30% reduction in Scope 1 emissions from 2020 levels by 2030 and a similar target for Scope 2 emissions. The company is also committed to achieving carbon neutrality by 2060, aligning with broader sustainability goals. Overall, Ping An's emissions have shown fluctuations over the years, with a notable decrease from 2023 to 2024. Their proactive approach to emissions reduction reflects a commitment to sustainability and climate responsibility within the insurance industry.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,774,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 123,860,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 45,347,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Ping An Insurance is not participating in any of the initiatives that 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.
