Ping An Insurance (Group) Co of China Ltd

Common Name
Ping An
Country
China (Mainland)
Sector
Financial Services
Industry
Insurance - Life
Employees
273,053
Ticker
601318
Exchange
SHANGHAI STOCK EXCHANGE
Description
Ping An Insurance Group Co., Ltd. is a leading diversified financial services group based in China. It primarily focuses on the provision of insurance and financial services, including life and health...

Ping An's Climate Target Data Preview

As of 2024, Ping An has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 6 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Ping An ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2026
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2027
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2028
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2029
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Ping An's Greenhouse Gas Emissions Pathways

As of 2024, Ping An has set greenhouse gas (GHG) emissions reduction targets that cover only its total carbon footprint, without separate targets for operational (Scope 1 and 2) or value chain (Scope 3) emissions. This limits the ability to track progress across distinct emissions categories.

Does Ping An have a target to reduce its total carbon footprint?

As of 2024, Ping An has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.

Ping An's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 439,291 Metric Tonnes of CO2 equivalent (mtCO2e) in 2024, by 90.45% by 2030.

Ping An's Carbon Footprint (Scope 1+2+3) Emissions Pathway

20242025202620272028202920300150 k300 k450 k600 kTarget 2025 (-8%)Target 2026 (-24%)Target 2027 (-44%)Target 2028 (-62%)Target 2029 (-77%)Target 2030 (-90%)
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