- Increased disaster risks due to climate change leading to higher compensation costs for insurance companies.
- Higher premiums potentially becoming unaffordable for policyholders, pushing some risks beyond the insurability threshold.
- Widening global insurance protection gap.
- Traditional actuarial theory being challenged by changing global weather patterns.
Ping An Insurance （Group）Company of China, Ltd
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 326.7K tCO2e/year |
| 2019 | 797.3K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Invested over 500 million yuan (US$ 70m) in disaster prevention and mitigation in 2023.
- Achieved green insurance premiums of 37.296 billion yuan (US$ 5.2b) in 2023, with a year-on-year premium growth rate of over 40% from 2022.
🎯 Climate & Sustainability Targets
🔭 Long-term
- 2030 operational carbon neutrality target
🌱 ESG Focus Areas
Climate Change AdaptationDisaster Risk ManagementGreen InsuranceSustainable Development