China Reinsurance (Group) Corp

Common Name
China Reinsurance (Group)
Country
China (Mainland)
Sector
Financial Services
Industry
Insurance - Reinsurance
Employees
49,040
Ticker
1508
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
China Reinsurance Group Corporation is a prominent entity within the reinsurance industry, providing essential risk management solutions. As a reinsurance company, its primary function is to offer ins...

China Reinsurance (Group)'s GHG Emissions Data Preview

In 2024, China Reinsurance (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).

However, China Reinsurance (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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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 Reinsurance (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 Reinsurance (Group)’s data sources below and access millions more through our Disclosure Search.

a. China Reinsurance (Group)'s Sustainability Report 2024
a. China Reinsurance (Group)'s Sustainability Report 2024
b. China Reinsurance (Group)'s CSR Report 2022
b. China Reinsurance (Group)'s CSR Report 2022

Insights into China Reinsurance (Group)'s Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of China Reinsurance (Group) amounted to 35,762.63 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 Reinsurance (Group) decreased by 30.62%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

China Reinsurance (Group)'s Scope 1 Emissions Over Time

20222023202403 k6 k9 k12 ktCO2e-9%+42%
  • Total Scope 1
  • Year-over-Year Change

What are China Reinsurance (Group)'s Scope 1 emissions?

In 2024, the total Scope 1 emissions of China Reinsurance (Group) were 10,046.26 metric tons of CO₂ equivalent (tCO₂e). a

Has China Reinsurance (Group) reduced its Scope 1 emissions over time?

Since 2022, China Reinsurance (Group)'s Scope 1 emissions have increased by 28.65%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), China Reinsurance (Group)'s Scope 1 emissions increased by 42.01%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are China Reinsurance (Group)'s Scope 2 emissions?

In 2024, China Reinsurance (Group) reported Scope 2 greenhouse gas (GHG) emissions of 25,716.37 tCO₂e without specifying the calculation method. a

Has China Reinsurance (Group) reduced its Scope 2 emissions over time?

Since 2022, China Reinsurance (Group)'s Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 44.09%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), China Reinsurance (Group)'s Scope 2 emissions (Unspecified Calculation Method) fell by 42.17% 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 Reinsurance (Group) use for Scope 2 reporting?

In 2024, China Reinsurance (Group) reported its Scope 2 emissions using an unspecified methodology. a

China Reinsurance (Group)'s Scope 2 Emissions Over Time

202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into China Reinsurance (Group)'s Value Chain Emissions

In 2024, China Reinsurance (Group) reported 640.49 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of China Reinsurance (Group) includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

China Reinsurance (Group)'s Scope 3 Emissions Over Time

20240200400600800tCO2e
  • Total Scope 3
  • Year-over-Year Change

What are China Reinsurance (Group)'s Scope 3 emissions?

In 2024, China Reinsurance (Group) reported total Scope 3 emissions of 640.49 metric tons of CO₂ equivalent (tCO₂e). a

Insights into China Reinsurance (Group)’s GHG Emissions Intensity Compared to Industry Peers

In 2024, China Reinsurance (Group) reported Scope 1 greenhouse gas (GHG) emissions of 10,046.26 tCO₂e and total revenues of USD 12,759 millions. This translates into an emissions intensity of 0.79 tCO₂e per millions USD. a

China Reinsurance (Group)'s Scope 1 Emissions Intensity Compared to Peers

101002,00020,000200,000Scope 1 Emissions (tCO2e)1001,0005,00050,000200,000Revenues (Millions of USD)BCCCHCSBBBank of ChongqingYear: 2021Scope 1: 23 tCO2eRevenue: $M 2,225Scope 1 Intensity: 0.01 tCO2e/$MHua Xia BankYear: 2024Scope 1: 2,700 tCO2eRevenue: $M 13,307Scope 1 Intensity: 0.20 tCO2e/$MCCChongqing Rural Commercial BankYear: 2024Scope 1: 791 tCO2eRevenue: $M 3,794Scope 1 Intensity: 0.21 tCO2e/$MBank of ShanghaiYear: 2023Scope 1: 3,973 tCO2eRevenue: $M 7,111Scope 1 Intensity: 0.56 tCO2e/$MCCChina Merchants SecuritiesYear: 2024Scope 1: 669 tCO2eRevenue: $M 2,659Scope 1 Intensity: 0.25 tCO2e/$MGuosen SecuritiesYear: 2023Scope 1: 766 tCO2eRevenue: $M 2,381Scope 1 Intensity: 0.32 tCO2e/$MChina Merchants BankYear: 2024Scope 1: 53,300 tCO2eRevenue: $M 45,881Scope 1 Intensity: 1.16 tCO2e/$MChina Minsheng BankingYear: 2024Scope 1: 6,931 tCO2eRevenue: $M 18,676Scope 1 Intensity: 0.37 tCO2e/$MGF SecuritiesYear: 2024Scope 1: 2,041 tCO2eRevenue: $M 3,618Scope 1 Intensity: 0.56 tCO2e/$MShenwan Hongyuan GroupYear: 2024Scope 1: 498 tCO2eRevenue: $M 3,304Scope 1 Intensity: 0.15 tCO2e/$MNew China Life InsuranceYear: 2023Scope 1: 2,389 tCO2eRevenue: $M 9,865Scope 1 Intensity: 0.24 tCO2e/$MCCChina Galaxy SecuritiesYear: 2023Scope 1: 861 tCO2eRevenue: $M 2,618Scope 1 Intensity: 0.33 tCO2e/$MBank of BeijingYear: 2023Scope 1: 164 tCO2eRevenue: $M 9,321Scope 1 Intensity: 0.02 tCO2e/$MChina International CapitalYear: 2024Scope 1: 85 tCO2eRevenue: $M 4,229Scope 1 Intensity: 0.02 tCO2e/$MBank of NanjingYear: 2023Scope 1: 2,792 tCO2eRevenue: $M 6,236Scope 1 Intensity: 0.45 tCO2e/$MChina Citic BankYear: 2024Scope 1: 6,778 tCO2eRevenue: $M 29,151Scope 1 Intensity: 0.23 tCO2e/$MHHHuaan SecuritiesYear: 2023Scope 1: 91 tCO2eRevenue: $M 492Scope 1 Intensity: 0.18 tCO2e/$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: $M 102,707Scope 1 Intensity: 0.62 tCO2e/$MBank of CommunicationsYear: 2024Scope 1: 19,935 tCO2eRevenue: $M 35,409Scope 1 Intensity: 0.56 tCO2e/$MChina Zheshang BankYear: 2024Scope 1: 3,464 tCO2eRevenue: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$MSPD BankYear: 2023Scope 1: 900 tCO2eRevenue: $M 24,390Scope 1 Intensity: 0.04 tCO2e/$MChina Reinsurance (Group)Year: 2024Scope 1: 10,046 tCO2eRevenue: $M 12,759Scope 1 Intensity: 0.79 tCO2e/$M

How does China Reinsurance (Group)'s GHG emissions intensity compare to its peers?

In 2024, China Reinsurance (Group) reported a Scope 1 emissions intensity of 0.79 tCO₂e per millions USD. Compared to the peer group median of 0.32 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does China Reinsurance (Group) rank on GHG emissions intensity within its industry?

In 2024, China Reinsurance (Group) ranked 23 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into China Reinsurance (Group)'s Total Carbon Footprint

In 2024, China Reinsurance (Group) reported a total carbon footprint of 36,403.12 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 29.37% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to China Reinsurance (Group)'s total carbon footprint was Scope 2 emissions, accounting for 70.64% of the company's total carbon footprint, followed by Scope 1 emissions at 27.6%. a

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