China Life Insurance Co Ltd

Common Name
China Life Insurance
Country
China (Mainland)
Sector
Financial Services
Industry
Insurance - Life
Employees
98,689
Ticker
601628
Exchange
SHANGHAI STOCK EXCHANGE
Description
China Life Insurance Company Limited is a prominent player in the insurance and financial services industry. As one of the largest life insurance companies in the world by market capitalization, it pr...

China Life Insurance's GHG Emissions Data Preview

In 2024, China Life Insurance 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) and Scope 2 (indirect emissions from purchased energy).

However, China Life Insurance has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind China Life Insurance’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 China Life Insurance’s data sources below and access millions more through our Disclosure Search.

a. China Life Insurance's ESG Report 2024
a. China Life Insurance's ESG Report 2024
b. China Life Insurance's ESG Report 2023
b. China Life Insurance's ESG Report 2023

Insights into China Life Insurance's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of China Life Insurance amounted to 1,384,833.87 metric 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 China Life Insurance increased by 100.74%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

China Life Insurance's Scope 1 Emissions Over Time

2021202220232024025 k50 k75 k100 ktCO2e-14%+3%+92%
  • Total Scope 1
  • Year-over-Year Change

What are China Life Insurance's Scope 1 emissions?

In 2024, the total Scope 1 emissions of China Life Insurance were 95,978.48 metric tons of CO₂ equivalent (tCO₂e). a

Has China Life Insurance reduced its Scope 1 emissions over time?

Since 2021, China Life Insurance's Scope 1 emissions have increased by 71.05%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), China Life Insurance's Scope 1 emissions increased by 92.49%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are China Life Insurance's Scope 2 emissions?

In 2024, China Life Insurance reported Scope 2 greenhouse gas (GHG) emissions of 1,288,855.39 tCO₂e without specifying the calculation method. a

Has China Life Insurance reduced its Scope 2 emissions over time?

Since 2021, China Life Insurance's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 28.05%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), China Life Insurance's Scope 2 emissions (Unspecified Calculation Method) rose by 101.39% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does China Life Insurance use for Scope 2 reporting?

In 2024, China Life Insurance reported its Scope 2 emissions using an unspecified methodology. a

China Life Insurance's Scope 2 Emissions Over Time

20212022202320240350 k700 k1.05 M1.4 MtCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into China Life Insurance’s GHG Emissions Intensity Compared to Industry Peers

In 2024, China Life Insurance reported Scope 1 greenhouse gas (GHG) emissions of 95,978.48 tCO₂e and total revenues of USD 41,506 millions. This translates into an emissions intensity of 2.31 tCO₂e per millions USD. a

China Life Insurance's Scope 1 Emissions Intensity Compared to Peers

202002,00020,000200,000Scope 1 Emissions (tCO2e)1001,0005,00050,000500,000Revenues (Millions of USD)PCSBUPPPPICCYear: 2024Scope 1: 650 tCO2eRevenue: $M 82,248Scope 1 Intensity: 0.01 tCO2e/$MIndustrial BankYear: 2023Scope 1: 11,845 tCO2eRevenue: $M 29,657Scope 1 Intensity: 0.40 tCO2e/$MChina Merchants BankYear: 2024Scope 1: 53,300 tCO2eRevenue: $M 45,881Scope 1 Intensity: 1.16 tCO2e/$MNew China Life InsuranceYear: 2023Scope 1: 2,389 tCO2eRevenue: $M 9,865Scope 1 Intensity: 0.24 tCO2e/$MICBCYear: 2024Scope 1: 99,600 tCO2eRevenue: $M 111,986Scope 1 Intensity: 0.89 tCO2e/$MCCChangjiang SecuritiesYear: 2023Scope 1: 632 tCO2eRevenue: $M 966Scope 1 Intensity: 0.65 tCO2e/$MSSSoochow SecuritiesYear: 2023Scope 1: 704 tCO2eRevenue: $M 1,571Scope 1 Intensity: 0.45 tCO2e/$MChina Construction BankYear: 2024Scope 1: 63,760 tCO2eRevenue: $M 102,707Scope 1 Intensity: 0.62 tCO2e/$MBBBank of GuizhouYear: 2024Scope 1: 2,321 tCO2eRevenue: $M 1,915Scope 1 Intensity: 1.21 tCO2e/$MPing An BankYear: 2023Scope 1: 19,221 tCO2eRevenue: $M 23,155Scope 1 Intensity: 0.83 tCO2e/$MBank of CommunicationsYear: 2024Scope 1: 19,935 tCO2eRevenue: $M 35,409Scope 1 Intensity: 0.56 tCO2e/$MCaitong SecuritiesYear: 2023Scope 1: 121 tCO2eRevenue: $M 840Scope 1 Intensity: 0.14 tCO2e/$MUUUniversal MedicalYear: 2024Scope 1: 6,173 tCO2eRevenue: $M 2,048Scope 1 Intensity: 3.01 tCO2e/$MBank of ChangshaYear: 2023Scope 1: 862 tCO2eRevenue: $M 3,501Scope 1 Intensity: 0.25 tCO2e/$MChina Zheshang BankYear: 2024Scope 1: 3,464 tCO2eRevenue: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$MSealand SecuritiesYear: 2023Scope 1: 66 tCO2eRevenue: $M 583Scope 1 Intensity: 0.11 tCO2e/$MChina Great Wall SecuritiesYear: 2023Scope 1: 102 tCO2eRevenue: $M 466Scope 1 Intensity: 0.22 tCO2e/$MCITIC SecuritiesYear: 2024Scope 1: 1,265 tCO2eRevenue: $M 8,728Scope 1 Intensity: 0.14 tCO2e/$MPPPostal Savings Bank of ChinaYear: 2024Scope 1: 5,547 tCO2eRevenue: $M 32,138Scope 1 Intensity: 0.17 tCO2e/$MFirst Capital SecuritiesYear: 2023Scope 1: 177 tCO2eRevenue: $M 328Scope 1 Intensity: 0.54 tCO2e/$MChina Pacific Insurance GroupYear: 2024Scope 1: 44,275 tCO2eRevenue: $M 42,679Scope 1 Intensity: 1.04 tCO2e/$MSPD BankYear: 2023Scope 1: 900 tCO2eRevenue: $M 24,390Scope 1 Intensity: 0.04 tCO2e/$MBank of ChinaYear: 2024Scope 1: 77,288 tCO2eRevenue: $M 86,240Scope 1 Intensity: 0.90 tCO2e/$MPing AnYear: 2024Scope 1: 28,158 tCO2eRevenue: $M 102,059Scope 1 Intensity: 0.28 tCO2e/$MChina Life InsuranceYear: 2024Scope 1: 95,978 tCO2eRevenue: $M 41,506Scope 1 Intensity: 2.31 tCO2e/$M

How does China Life Insurance's GHG emissions intensity compare to its peers?

In 2024, China Life Insurance reported a Scope 1 emissions intensity of 2.31 tCO₂e per millions USD. Compared to the peer group median of 0.42 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does China Life Insurance rank on GHG emissions intensity within its industry?

In 2024, China Life Insurance ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places China Life Insurance among the least efficient performers, with one of the highest emissions intensities in its sector. a

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