- Extreme weather risks impacting liability and asset sides, and operations
- Policy and legal risks related to stricter climate-related policies and legal requirements
- Technology and market risks associated with the transition to clean energy technologies
- Reputational risks related to stakeholder scrutiny of climate actions
China Pacific Insurance (Group) Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, China Pacific Insurance (Group) Co., Ltd. disclosed greenhouse gas emissions of 267.8K tCO2e/year (Scope 1 and 2 combined). By scope: Scope 1: 45.1K tCO2e/year; Scope 2: 202.7K 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
267.8K tCO2e/year (Scope 1 and 2 combined)
2023
Water Usage
1.4M tons/year
2023
Waste
5.5K tons/year (hazardous and non-hazardous combined)
2023
Energy Use
489.6K MWh/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). | 45.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 202.7K 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 | 267.8K tCO2e/year (Scope 1 and 2 combined) |
| 2022 | 5.9K tons of carbon dioxide equivalent (Scope 1); 99993 tons of carbon dioxide equivalent (Scope 2) |
| 2020 | 111.2K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Provided green insurance coverage of approximately RMB 109.2 trillion
- Developed 27 industry-first green insurance products
- Provided RMB 895 billion in catastrophe insurance
- Provided approximately RMB 7.7 trillion of insurance for 3.1 million new energy vehicles
- Provided about RMB 65 million worth of coverage in ecological carbon sink insurances
- Provided more than RMB 12.5 billion of environmental pollution liability insurance to approximately 5,000 enterprises
- Clean energy insurance projects total sum assured exceeded RMB 2.9 trillion
- Completed a comprehensive operation-side carbon inspection across the entire Group and launched a carbon footprint visualization platform
- Implemented an internal carbon tax mechanism at CPIC Property and Casualty Insurance
- Completed low-carbon energy-saving renovation project at 929 Park of CPIC Property and Casualty Insurance
🎯 Climate & Sustainability Targets
🔭 Long-term
- Achieve carbon neutrality in operations
🌱 ESG Focus Areas
Supporting the real economyOptimizing customer serviceDeepening green financeAddressing climate changeDeveloping inclusive financePrivacy securityProtecting medium and small shareholders' rights and interestsSupporting community developmentPromoting regional coordinationImplementing responsible investmentBoosting rural vitalizationAnti-corruptionTraining and developmentResponsible purchasingConsumer protectionServing health and elderly careBoosting technological innovationStrengthening risk management and controlHandling public emergenciesProtecting employees' rights and interests