In 2023, New 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, New China Life Insurance has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,389.22a | 1,147.95a | 1,452.34b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 26,938.51a | 16,978.57a | 17,521.28b | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.2422a | 0.0748a | 0.0417b |
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In 2023, the total operational greenhouse gas (GHG) emissions of New China Life Insurance amounted to 29,327.73 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 2022, the total operational greenhouse gas (GHG) emissions of New China Life Insurance increased by 61.79%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of New China Life Insurance were 2,389.22 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, New China Life Insurance's Scope 1 emissions have increased by 64.51%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2022), New China Life Insurance's Scope 1 emissions increased by 108.13%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, New China Life Insurance reported Scope 2 greenhouse gas (GHG) emissions of 26,938.51 tCO₂e without specifying the calculation method.a
Since 2021, New China Life Insurance's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 53.75%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2022), New China Life Insurance's Scope 2 emissions (Unspecified Calculation Method) rose by 58.66% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, New China Life Insurance reported its Scope 2 emissions using an unspecified methodology.a
In 2023, New China Life Insurance reported Scope 1 greenhouse gas (GHG) emissions of 2,389.22 tCO₂e and total revenues of USD 9,865 millions. This translates into an emissions intensity of 0.24 tCO₂e per millions USD.a
In 2023, New China Life Insurance reported a Scope 1 emissions intensity of 0.24 tCO₂e per millions USD. Compared to the peer group median of 0.38, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, New China Life Insurance ranked 10 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
New China Life Insurance is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a