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ZhongAn Online P & C Insurance Co Ltd

Common Name
ZhongAn
Country
China (Mainland)
Sector
Financial Services
Industry
Insurance - Property & Casualty
Employees
2,242
Ticker
6060
Exchange
Hong Kong Exchanges and Clearing Limited
Description
ZhongAn Online P&C Insurance Co., Ltd. is a digital insurance company primarily focused on providing online property and casualty insurance products in China. Established to address the evolving deman...

ZhongAn's GHG Emissions Data Preview

In 2024, ZhongAn 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, ZhongAn has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021-2019
Total Scope 1
571.1a
57.61a
63.66b
Total Scope 2
Unspecified Calculation Method
1,593.27a
27.02a
170.97b
Total Scope 3
2,608.94a
30.72a
79.2b
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.1243a
0.014a
0.02b
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Verified Sources Behind ZhongAn’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.

a. ZhongAn's ESG Report 2024
b. ZhongAn's ESG Report 2022

Insights into ZhongAn's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of ZhongAn amounted to 2,164.37 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 ZhongAn increased by 2,457.45%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

ZhongAn's Scope 1 Emissions Over Time

2022202320240150300450600tCO2e-10%+891%
  • Total Scope 1
  • Year-over-Year Change

What are ZhongAn's Scope 1 emissions?

In 2024, the total Scope 1 emissions of ZhongAn were 571.1 metric tons of CO₂ equivalent (tCO₂e).a

Has ZhongAn reduced its Scope 1 emissions over time?

Since 2022, ZhongAn's Scope 1 emissions have increased by 797.11%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2023), ZhongAn's Scope 1 emissions increased by 891.32%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are ZhongAn's Scope 2 emissions?

In 2024, ZhongAn reported Scope 2 greenhouse gas (GHG) emissions of 1,593.27 tCO₂e without specifying the calculation method.a

Has ZhongAn reduced its Scope 2 emissions over time?

Since 2022, ZhongAn's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 831.9%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year (2023), ZhongAn's Scope 2 emissions (Unspecified Calculation Method) rose by 5,796.63% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does ZhongAn use for Scope 2 reporting?

In 2024, ZhongAn reported its Scope 2 emissions using an unspecified methodology.a

ZhongAn's Scope 2 Emissions Over Time

20222023202404008001.2 k1.6 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into ZhongAn's Value Chain Emissions

In 2024, ZhongAn reported 2,608.94 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 ZhongAn includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 1 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a

ZhongAn's Scope 3 Emissions Over Time

20222023202407001.4 k2.1 k2.8 ktCO2e-61%+8393%
  • Total Scope 3
  • Year-over-Year Change

What are ZhongAn's Scope 3 emissions?

In 2024, ZhongAn reported total Scope 3 emissions of 2,608.94 metric tons of CO₂ equivalent (tCO₂e).a

Has ZhongAn reduced its Scope 3 emissions over time?

Since 2022, ZhongAn's Scope 3 emissions have increased by 3,194.12%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), ZhongAn's Scope 3 emissions increased by 8,392.64%, suggesting that the company faced challenges in reducing emissions across its value chain.a

Insights into ZhongAn’s GHG Emissions Intensity Compared to Industry Peers

In 2024, ZhongAn reported Scope 1 greenhouse gas (GHG) emissions of 571.1 tCO₂e and total revenues of USD 4,595 millions. This translates into an emissions intensity of 0.12 tCO₂e per millions USD.a

ZhongAn's Scope 1 Emissions Intensity Compared to Peers

101001,00010,000100,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)W. R. BerkleyYear: 2024Scope 1: 10,412 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.76 tCO2e/$MSompo HoldingsYear: 2024Scope 1: 37,359 tCO2eRevenue: $M 31,857Scope 1 Intensity: 1.17 tCO2e/$MMS&AD Insurance Group HoldingsYear: 2024Scope 1: 14,370 tCO2eRevenue: $M 41,858Scope 1 Intensity: 0.34 tCO2e/$MIntact FinancialYear: 2024Scope 1: 8,150 tCO2eRevenue: $M 17,366Scope 1 Intensity: 0.47 tCO2e/$MAllstateYear: 2024Scope 1: 17,485 tCO2eRevenue: $M 63,513Scope 1 Intensity: 0.28 tCO2e/$MTravelers CompaniesYear: 2024Scope 1: 19,069 tCO2eRevenue: $M 46,430Scope 1 Intensity: 0.41 tCO2e/$MTokio Marine HoldingsYear: 2024Scope 1: 12,517 tCO2eRevenue: $M 46,758Scope 1 Intensity: 0.27 tCO2e/$MProgressiveYear: 2024Scope 1: 32,281 tCO2eRevenue: $M 75,335Scope 1 Intensity: 0.43 tCO2e/$MChubbYear: 2024Scope 1: 28,246 tCO2eRevenue: $M 56,155Scope 1 Intensity: 0.50 tCO2e/$MHorace Mann EducatorsYear: 2024Scope 1: 459 tCO2eRevenue: $M 1,550Scope 1 Intensity: 0.30 tCO2e/$MHyundai Marine & Fire InsuranceYear: 2024Scope 1: 2,582 tCO2eRevenue: $M 9,692Scope 1 Intensity: 0.27 tCO2e/$MGo Digit General InsuranceYear: 2025Scope 1: 26 tCO2eRevenue: $M 1,132Scope 1 Intensity: 0.02 tCO2e/$MPalomar HoldingsYear: 2024Scope 1: 222 tCO2eRevenue: $M 549Scope 1 Intensity: 0.40 tCO2e/$MRLIYear: 2023Scope 1: 304 tCO2eRevenue: $M 1,524Scope 1 Intensity: 0.20 tCO2e/$MHanover Insurance GroupYear: 2024Scope 1: 4,589 tCO2eRevenue: $M 6,216Scope 1 Intensity: 0.74 tCO2e/$MDefinity FinancialYear: 2024Scope 1: 1,266 tCO2eRevenue: $M 3,133Scope 1 Intensity: 0.40 tCO2e/$MHiscoxYear: 2024Scope 1: 549 tCO2eRevenue: $M 3,675Scope 1 Intensity: 0.15 tCO2e/$MGjensidige ForsikringYear: 2024Scope 1: 434 tCO2eRevenue: $M 3,578Scope 1 Intensity: 0.12 tCO2e/$MAdmiral GroupYear: 2024Scope 1: 542 tCO2eRevenue: $M 5,866Scope 1 Intensity: 0.09 tCO2e/$MQualitas ControladoraYear: 2024Scope 1: 14,538 tCO2eRevenue: $M 3,544Scope 1 Intensity: 4.10 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$MDirect Line Insurance GroupYear: 2024Scope 1: 4,257 tCO2eRevenue: $M 6,015Scope 1 Intensity: 0.71 tCO2e/$MSunshine Insurance GroupYear: 2024Scope 1: 13,093 tCO2eRevenue: $M 10,045Scope 1 Intensity: 1.30 tCO2e/$MPICCYear: 2024Scope 1: 650 tCO2eRevenue: $M 82,248Scope 1 Intensity: 0.01 tCO2e/$MPICC Property and CasualtyYear: 2024Scope 1: 182 tCO2eRevenue: $M 65,118Scope 1 Intensity: 0.00 tCO2e/$MZhongAnYear: 2024Scope 1: 571 tCO2eRevenue: $M 4,595Scope 1 Intensity: 0.12 tCO2e/$M

How does ZhongAn's GHG emissions intensity compare to its peers?

In 2024, ZhongAn reported a Scope 1 emissions intensity of 0.12 tCO₂e per millions USD. Compared to the peer group median of 0.4, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does ZhongAn rank on GHG emissions intensity within its industry?

In 2024, ZhongAn ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

ZhongAn is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into ZhongAn's Total Carbon Footprint

In 2024, ZhongAn reported a total carbon footprint of 4,773.31 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4,038.11% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to ZhongAn's total carbon footprint was Scope 3 emissions, accounting for 54.66% of the company's total carbon footprint, followed by Scope 2 emissions at 33.38%.a

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