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People's Insurance Company Group of China Ltd
PICC's GHG Emissions Data Preview
In 2024, PICC 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).
PICC has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind PICC’s Greenhouse Gas (GHG) Emissions Data
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Insights into PICC's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofPICC amounted to17,564.66metric 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 PICCdecreased by 2.18%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
PICC's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are PICC's Scope 1 emissions?
In 2024, the total Scope 1 emissions of PICC were 649.76 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has PICC reduced its Scope 1 emissions over time?
Since 2020, PICC's Scope 1 emissions have increased by 60.15%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), PICC's Scope 1 emissions increased by 2.3%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are PICC's Scope 2 emissions?
In 2024, PICC reported Scope 2 greenhouse gas (GHG) emissions of 16,914.9 tCOâ‚‚e without specifying the calculation method.a
Has PICC reduced its Scope 2 emissions over time?
Since 2020, PICC's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have increased by 116.31%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), PICC's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that PICC's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does PICC use for Scope 2 reporting?
In 2024, PICC reported its Scope 2 emissions using an unspecified methodology.a
PICC's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into PICC's Value Chain Emissions
In 2024, PICC reported 1,084.59 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 PICC includes a breakdown across 1of 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
PICC's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are PICC's Scope 3 emissions?
In 2024, PICC reported total Scope 3 emissions of 1,084.59 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), PICC's Scope 3 emissions increased by 89.82%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does PICC disclose?
In 2024, PICC reported emissions for 1 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 PICC's Scope 3 emissions?
In 2024, the largest contributors to PICC's Scope 3 emissions were:a
- Business Travel (Cat. 6): 1,084.59 tCOâ‚‚e(100%)
PICC's Scope 3 Emissions by Categories
Insights into PICC’s GHG Emissions Intensity Compared to Industry Peers
In 2024, PICC reported Scope 1 greenhouse gas (GHG) emissions of 649.76 tCOâ‚‚e and total revenues of USD 82,248 millions. This translates into an emissions intensity of 0.01 tCOâ‚‚e per millions USD.a
PICC's Scope 1 Emissions Intensity Compared to Peers
How does PICC's GHG emissions intensity compare to its peers?
In 2024, PICC reported a Scope 1 emissions intensity of 0.01 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.37, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does PICC rank on GHG emissions intensity within its industry?
In 2024, PICC ranked 2 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 PICC among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into PICC's Total Carbon Footprint
In 2024, PICC reported a total carbon footprint of 18,649.25 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.65% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to PICC's total carbon footprint was Scope 2 emissions, accounting for 90.7% of the company's total carbon footprint, followed by Scope 3 emissions at 5.82%.a