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AIA Group Ltd

Common Name
AIA Group
Country
Hong Kong
Sector
Financial Services
Industry
Insurance - Life
Employees
N/A
Ticker
1299
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
AIA Group Limited is a renowned insurance company that operates across multiple regions in Asia-Pacific. The company's primary function is to provide a diverse range of life insurance, accident and he...

AIA Group's GHG Emissions Data Preview

In 2024, AIA Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

AIA Group has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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b
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b
0000000
Location-Based
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a
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b
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b
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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b
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind AIA Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore AIA Group’s data sources below and access millions more through our Disclosure Search.

a. AIA Group's ESG Report 2024
a. AIA Group's ESG Report 2024
b. AIA Group's ESG Report 2023
b. AIA Group's ESG Report 2023
c. AIA Group's ESG Report 2022
c. AIA Group's ESG Report 2022

Insights into AIA Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofAIA Group amounted to55,704metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of AIA Groupincreased by 24.42%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

AIA Group's Scope 1 Emissions Over Time

20192020202120222023202409501.9 k2.85 k3.8 ktCO2e-40%-39%+160%-57%+73%
  • Total Scope 1
  • Year-over-Year Change

What are AIA Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of AIA Group were 2,566 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has AIA Group reduced its Scope 1 emissions over time?

Since 2019, AIA Group's Scope 1 emissions have decreased by 29.51%, reflecting a declining long-term trend in Scope 1 emissions over time.ac

Compared to the previous year(2023), AIA Group's Scope 1 emissions increased by 72.56%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are AIA Group's Scope 2 emissions?

In 2024, AIA Group reported Scope 2 greenhouse gas (GHG) emissions of 53,138 tCOâ‚‚e using the market-based method and 53,138 tCOâ‚‚e using the location-based method.a

Has AIA Group reduced its Scope 2 emissions over time?

Compared to the previous year(2023), AIA Group's Scope 2 emissions(Location-Based) rose by 22.77% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab

What methodology does AIA Group use for Scope 2 reporting?

In 2024, AIA Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

AIA Group's Scope 2 Emissions Over Time

201920202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into AIA Group's Value Chain Emissions

In 2024, AIA Group reported 7,408,223 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of AIA Group includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

AIA Group's Scope 3 Emissions Over Time

20192020202120222023202402 M4 M6 M8 MtCO2e-78%-43%+191%+156%+74310%
  • Total Scope 3
  • Year-over-Year Change

What are AIA Group's Scope 3 emissions?

In 2024, AIA Group reported total Scope 3 emissions of 7,408,223 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0.11%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.89%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has AIA Group reduced its Scope 3 emissions over time?

Since 2019, AIA Group's Scope 3 emissionshave increased by 68,203.73%, reflecting a rising long-term trend in Scope 3 emissions over time.ac

Compared to the previous year (2023), AIA Group's Scope 3 emissions increased by 74,309.63%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

What categories of Scope 3 emissions does AIA Group disclose?

In 2024, AIA Group reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of AIA Group's Scope 3 emissions?

In 2024, the largest contributors to AIA Group's Scope 3 emissions were:a

  • Investments (Cat. 15): 7,400,000 tCOâ‚‚e(99.89%)
  • Business Travel (Cat. 6): 8,223 tCOâ‚‚e(0.11%)

AIA Group's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.9%)

Insights into AIA Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, AIA Group reported Scope 1 greenhouse gas (GHG) emissions of 2,566 tCOâ‚‚e and total revenues of USD 20,349 millions. This translates into an emissions intensity of 0.13 tCOâ‚‚e per millions USD.a

AIA Group's Scope 1 Emissions Intensity Compared to Peers

22050010,000100,000Scope 1 Emissions (tCO2e)1001,0005,00050,000200,000Revenues (Millions of USD)FTKFFFWD Group HoldingsYear: 2024Scope 1: 556 tCO2eRevenue: $M 30,889Scope 1 Intensity: 0.02 tCO2e/$MFubon Financial HoldingYear: 2024Scope 1: 4,026 tCO2eRevenue: $M 10,595Scope 1 Intensity: 0.38 tCO2e/$MJapan Post InsuranceYear: 2024Scope 1: 10,369 tCO2eRevenue: $M 17,934Scope 1 Intensity: 0.58 tCO2e/$MUnum GroupYear: 2024Scope 1: 5,634 tCO2eRevenue: $M 12,790Scope 1 Intensity: 0.44 tCO2e/$MHDFC Life InsuranceYear: 2025Scope 1: 227 tCO2eRevenue: $M 10,553Scope 1 Intensity: 0.02 tCO2e/$MTTT&D HoldingsYear: 2024Scope 1: 1,653 tCO2eRevenue: $M 15,207Scope 1 Intensity: 0.11 tCO2e/$MPhoenix Group HoldingsYear: 2024Scope 1: 2,111 tCO2eRevenue: $M 18,105Scope 1 Intensity: 0.12 tCO2e/$MChina TaipingYear: 2024Scope 1: 9,400 tCO2eRevenue: $M 17,307Scope 1 Intensity: 0.54 tCO2e/$MNew China Life InsuranceYear: 2023Scope 1: 2,389 tCO2eRevenue: $M 9,865Scope 1 Intensity: 0.24 tCO2e/$MKKKGI Financial HoldingYear: 2024Scope 1: 1,525 tCO2eRevenue: $M 2,295Scope 1 Intensity: 0.66 tCO2e/$MCNP AssurancesYear: 2024Scope 1: 1,753 tCO2eRevenue: $M 4,015Scope 1 Intensity: 0.44 tCO2e/$MMetLifeYear: 2024Scope 1: 10,611 tCO2eRevenue: $M 69,901Scope 1 Intensity: 0.15 tCO2e/$MSanlamYear: 2024Scope 1: 1,880 tCO2eRevenue: $M 12,076Scope 1 Intensity: 0.16 tCO2e/$MPower Corporation of CanadaYear: 2024Scope 1: 9,333 tCO2eRevenue: $M 22,920Scope 1 Intensity: 0.41 tCO2e/$MTawuniyaYear: 2024Scope 1: 2,274 tCO2eRevenue: $M 4,418Scope 1 Intensity: 0.51 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$MMercuries Life InsuranceYear: 2024Scope 1: 551 tCO2eRevenue: $M 4,177Scope 1 Intensity: 0.13 tCO2e/$MChallengerYear: 2025Scope 1: 3 tCO2eRevenue: $M 491Scope 1 Intensity: 0.01 tCO2e/$MPrudentialYear: 2024Scope 1: 1,562 tCO2eRevenue: $M 6,010Scope 1 Intensity: 0.26 tCO2e/$MSBI Life InsuranceYear: 2025Scope 1: 4,109 tCO2eRevenue: $M 13,686Scope 1 Intensity: 0.30 tCO2e/$MChina Pacific Insurance GroupYear: 2024Scope 1: 44,275 tCO2eRevenue: $M 42,679Scope 1 Intensity: 1.04 tCO2e/$MHapvidaYear: 2024Scope 1: 9,637 tCO2eRevenue: $M 4,680Scope 1 Intensity: 2.06 tCO2e/$MPing AnYear: 2024Scope 1: 28,158 tCO2eRevenue: $M 102,059Scope 1 Intensity: 0.28 tCO2e/$MAIA GroupYear: 2024Scope 1: 2,566 tCO2eRevenue: $M 20,349Scope 1 Intensity: 0.13 tCO2e/$M

How does AIA Group's GHG emissions intensity compare to its peers?

In 2024, AIA Group reported a Scope 1 emissions intensity of 0.13 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.27, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does AIA Group rank on GHG emissions intensity within its industry?

In 2024, AIA Group ranked 7 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

AIA Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into AIA Group's Total Carbon Footprint

In 2024, AIA Group reported a total carbon footprint of 7,463,927 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13,538.72% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to AIA Group's total carbon footprint was Scope 3 emissions, accounting for 99.25% of the company's total carbon footprint, followed by Scope 2 emissions at 0.71%.a

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