Ping An Insurance (Group) Co of China Ltd
Ping An's GHG Emissions Data Preview
In 2024, Ping An 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).
Ping An 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.  b | 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 |
a
Verified Sources Behind Ping An’s Greenhouse Gas (GHG) Emissions Data
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Insights into Ping An's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Ping An amounted to 370,351 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 Ping An decreased by 9.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Ping An's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Ping An's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Ping An were 28,158 metric tons of CO₂ equivalent (tCO₂e). a
Has Ping An reduced its Scope 1 emissions over time?
Since 2021, Ping An's Scope 1 emissions have increased by 359.97%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Ping An's Scope 1 emissions decreased by 21.76%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Ping An's Scope 2 emissions?
In 2024, Ping An reported Scope 2 greenhouse gas (GHG) emissions of 342,193 tCO₂e without specifying the calculation method. a
Has Ping An reduced its Scope 2 emissions over time?
Since 2021, Ping An's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that Ping An 's emissions have plateaued with no significant change in its energy consumption footprint. a b
Compared to the previous year (2023), Ping An's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Ping An 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Ping An use for Scope 2 reporting?
In 2024, Ping An reported its Scope 2 emissions using an unspecified methodology. a
Ping An's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Ping An's Value Chain Emissions
In 2024, Ping An reported 68,941 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 Ping An includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Ping An's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Ping An's Scope 3 emissions?
In 2024, Ping An reported total Scope 3 emissions of 68,941 metric tons of CO₂ equivalent (tCO₂e). 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
Has Ping An reduced its Scope 3 emissions over time?
Since 2021, Ping An's Scope 3 emissions have increased by 48.14%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Ping An's Scope 3 emissions remained relatively stable, indicating that Ping An 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Ping An disclose?
In 2024, Ping An 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 Ping An's Scope 3 emissions?
In 2024, the largest contributors to Ping An's Scope 3 emissions were: a
- Business Travel (Cat. 6): 67,373 tCO₂e (100%)
Ping An's Scope 3 Emissions by Categories
Insights into Ping An’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Ping An reported Scope 1 greenhouse gas (GHG) emissions of 28,158 tCO₂e and total revenues of USD 102,059 millions. This translates into an emissions intensity of 0.28 tCO₂e per millions USD. a
Ping An's Scope 1 Emissions Intensity Compared to Peers
How does Ping An's GHG emissions intensity compare to its peers?
In 2024, Ping An reported a Scope 1 emissions intensity of 0.28 tCO₂e per millions USD. Compared to the peer group median of 0.39 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Ping An rank on GHG emissions intensity within its industry?
In 2024, Ping An ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Ping An is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Ping An's Total Carbon Footprint
In 2024, Ping An reported a total carbon footprint of 439,292 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.21% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Ping An's total carbon footprint was Scope 2 emissions, accounting for 77.9% of the company's total carbon footprint, followed by Scope 3 emissions at 15.69%. a