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China Pacific Insurance Group Co Ltd

Common Name
China Pacific Insurance Group
Country
China (Mainland)
Sector
Financial Services
Industry
Insurance - Life
Employees
94,990
Ticker
601601
Exchange
SHANGHAI STOCK EXCHANGE
Description
China Pacific Insurance Group Co., Ltd. is a leading insurance company based in China, primarily engaging in the provision of comprehensive insurance services. Its core business operations include lif...

China Pacific Insurance Group's GHG Emissions Data Preview

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

However, China Pacific Insurance Group 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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a
0000000
Total Scope 2
Unspecified Calculation Method
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a
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a
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a
0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
0000000
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Verified Sources Behind China Pacific Insurance 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 China Pacific Insurance Group’s data sources below and access millions more through our Disclosure Search.

a. China Pacific Insurance Group's Sustainability Report 2024
a. China Pacific Insurance Group's Sustainability Report 2024
b. China Pacific Insurance Group's Sustainability Report 2022
b. China Pacific Insurance Group's Sustainability Report 2022

Insights into China Pacific Insurance Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofChina Pacific Insurance Group amounted to214,418metric 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 Pacific Insurance Groupdecreased by 12.5%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

China Pacific Insurance Group's Scope 1 Emissions Over Time

20202021202220232024015 k30 k45 k60 ktCO2e+39%+634%+1%0%
  • Total Scope 1
  • Year-over-Year Change

What are China Pacific Insurance Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of China Pacific Insurance Group were 44,275 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has China Pacific Insurance Group reduced its Scope 1 emissions over time?

Since 2020, China Pacific Insurance Group's Scope 1 emissions have increased by 940.54%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), China Pacific Insurance Group's Scope 1 emissions remained relatively stable, indicating that China Pacific Insurance Group's emissions have plateaued with no significant change in its operational footprint.a

What are China Pacific Insurance Group's Scope 2 emissions?

In 2024, China Pacific Insurance Group reported Scope 2 greenhouse gas (GHG) emissions of 170,143 tCOâ‚‚e without specifying the calculation method.a

Has China Pacific Insurance Group reduced its Scope 2 emissions over time?

Since 2020, China Pacific Insurance Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have increased by 65.9%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), China Pacific Insurance Group's Scope 2 emissions(Unspecified Calculation Method) fell by 15.31% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does China Pacific Insurance Group use for Scope 2 reporting?

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

China Pacific Insurance Group's Scope 2 Emissions Over Time

20202021202220232024055 k110 k165 k220 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

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

In 2024, China Pacific Insurance Group reported Scope 1 greenhouse gas (GHG) emissions of 44,275 tCOâ‚‚e and total revenues of USD 42,679 millions. This translates into an emissions intensity of 1.04 tCOâ‚‚e per millions USD.a

China Pacific Insurance Group's Scope 1 Emissions Intensity Compared to Peers

202002,00020,000200,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)CGBCPBUPIndustrial BankYear: 2024Scope 1: 9,303 tCO2eRevenue: $M 29,044Scope 1 Intensity: 0.32 tCO2e/$MBank of ShanghaiYear: 2024Scope 1: 2,981 tCO2eRevenue: $M 7,240Scope 1 Intensity: 0.41 tCO2e/$MBank of JiangsuYear: 2024Scope 1: 9,505 tCO2eRevenue: $M 11,064Scope 1 Intensity: 0.86 tCO2e/$MCCChina Merchants SecuritiesYear: 2024Scope 1: 669 tCO2eRevenue: $M 2,659Scope 1 Intensity: 0.25 tCO2e/$MChina Merchants BankYear: 2024Scope 1: 53,300 tCO2eRevenue: $M 45,881Scope 1 Intensity: 1.16 tCO2e/$MChina Minsheng BankingYear: 2024Scope 1: 6,931 tCO2eRevenue: $M 18,676Scope 1 Intensity: 0.37 tCO2e/$MChina Everbright BankYear: 2024Scope 1: 2,872 tCO2eRevenue: $M 18,550Scope 1 Intensity: 0.15 tCO2e/$MGGGuotai Haitong SecuritiesYear: 2024Scope 1: 3,666 tCO2eRevenue: $M 5,905Scope 1 Intensity: 0.62 tCO2e/$MGF SecuritiesYear: 2024Scope 1: 2,041 tCO2eRevenue: $M 3,618Scope 1 Intensity: 0.56 tCO2e/$MHuatai SecuritiesYear: 2024Scope 1: 4,300 tCO2eRevenue: $M 5,359Scope 1 Intensity: 0.80 tCO2e/$MChina Life InsuranceYear: 2024Scope 1: 95,978 tCO2eRevenue: $M 41,506Scope 1 Intensity: 2.31 tCO2e/$MBBBank of NingboYear: 2024Scope 1: 355 tCO2eRevenue: $M 9,124Scope 1 Intensity: 0.04 tCO2e/$MNew China Life InsuranceYear: 2023Scope 1: 2,389 tCO2eRevenue: $M 9,865Scope 1 Intensity: 0.24 tCO2e/$MCCChina Galaxy SecuritiesYear: 2024Scope 1: 658 tCO2eRevenue: $M 3,100Scope 1 Intensity: 0.21 tCO2e/$MPPPICC Property and CasualtyYear: 2024Scope 1: 182 tCO2eRevenue: $M 72,932Scope 1 Intensity: 0.00 tCO2e/$MChina International CapitalYear: 2024Scope 1: 85 tCO2eRevenue: $M 4,229Scope 1 Intensity: 0.02 tCO2e/$MChina Citic BankYear: 2024Scope 1: 6,778 tCO2eRevenue: $M 29,151Scope 1 Intensity: 0.23 tCO2e/$MBBBank of GuizhouYear: 2024Scope 1: 2,321 tCO2eRevenue: $M 1,915Scope 1 Intensity: 1.21 tCO2e/$MPing An BankYear: 2024Scope 1: 14,386 tCO2eRevenue: $M 20,101Scope 1 Intensity: 0.72 tCO2e/$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: $M 2,048Scope 1 Intensity: 3.01 tCO2e/$MPPPostal Savings Bank of ChinaYear: 2024Scope 1: 5,547 tCO2eRevenue: $M 32,138Scope 1 Intensity: 0.17 tCO2e/$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 Pacific Insurance GroupYear: 2024Scope 1: 44,275 tCO2eRevenue: $M 42,679Scope 1 Intensity: 1.04 tCO2e/$M

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

In 2024, China Pacific Insurance Group reported a Scope 1 emissions intensity of 1.04 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.37, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

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

In 2024, China Pacific Insurance Group ranked 22 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

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

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