- Extreme weather risk (liability side, asset side, operation side)
- Policy and legal risk (liability side, asset side, operation side)
- Long-term risk (liability side, asset side)
- Technology and market risk (liability side, asset side)
- Reputation risk
PICC Property and Casualty Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, PICC Property and Casualty Company Limited disclosed greenhouse gas emissions of 6.0K tCO2e/year. By scope: Scope 1: 137.52 tCO2e/year; Scope 2: 3.8K tCO2e/year; Scope 3: 1.1K tCO2e/year. 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.
GHG Emissions
6.0K tCO2e/year
2023
Water Usage
36.7K tons/year
2023
Waste
225.5K tons/year
2023
Energy Use
27.3K GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 137.52 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.8K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.1K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 6.0K tCO2e/year |
| 2022 | 3.6K tCO2e/year (Scope 1 & 2) |
| 2021 | 4.1K tCO2e/year (Scope 1 & 2) |
| 2018 | 7.5K tCO2e/year (partial data) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Green insurance provided RMB 75.5 trillion of risk protection.
- Offered RMB 2.8 trillion of risk protection for wind power, photovoltaic, hydropower and other clean energy enterprises.
- Reduced the replacement of more than 2.28 million parts in motor vehicle insurance claims settlement, contributing to a decline in greenhouse gas emissions.
- Provided insurance guarantee support for 331 green and low-carbon enterprises and helped them obtain financing amounts of RMB 892 million.
- Insured more than 1.08 billion mu of forest, providing more than RMB 900 billion of risk protection for carbon storage and new carbon sequestration capacity.
- Launched the country's first forest biodiversity insurance.
🎯 Climate & Sustainability Targets
🔜 Short-term
- By 2025, lay a solid foundation for helping to achieve carbon peaking
📅 Medium-term
- By 2030, lead the insurance industry to help achieve the carbon peaking goal
🔭 Long-term
- By 2060, lead the insurance industry to help achieve carbon neutrality
🌱 ESG Focus Areas
Green FinanceRural RevitalizationScience and TechnologyPeople's Livelihood and Well-beingGreen DevelopmentSafety DevelopmentRegional DevelopmentBelt and Road InitiativeESG Governance