- Vulnerability to physical risks of climate change (sea level rise, extreme weather events) impacting built environment, infrastructure, and economy
- Increased credit risks from climate-related impacts on carbon-intensive industries
- Potential losses in investments in carbon-intensive industries
- Increased competition from new entrants offering low-carbon insurance products
China Taiping Insurance (Singapore) Pte. Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, China Taiping Insurance (Singapore) Pte. Ltd disclosed greenhouse gas emissions of 237 tCO2e. By scope: Scope 1: 12 tCO2e; Scope 2: 225 tCO2e. 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
237 tCO2e
2023
Water Usage
171 m3
2023
Waste
2.6K kg
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). | 12 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 225 tCO2e |
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 | 237 tCO2e |
| 2022 | 205 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced direct energy consumption (petrol) - Scope 1 emission to 12 t CO2e in 2023
- Reduced indirect energy consumption (office electricity) - Scope 2 emission to 225 t CO2e in 2023
- Reduced total water consumption to 171 m3 in 2023
- Reduced non-hazardous discharge waste to 2600 kg in 2023
- Launched additional liability insurance coverage for Electrical Vehicle (“EV”) Charging Point and underwritten some EVs
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce carbon emissions in operational activities year by year until business operations are carbon neutral by 2030
- Reduce water consumption per employee from previous year
📅 Medium-term
- Optimize opportunities to offer more renewable energy insurance products or develop new products that incentivize climate-friendly practices
🔭 Long-term
- Reduce carbon emissions in the investment portfolio until the portfolio achieves net-zero emissions by the timeline in line with Singapore’s aspiration to achieve net-zero emissions
🌱 ESG Focus Areas
Climate ChangeGovernance