Ping An Insurance, one of the largest insurance companies in China, is committed to reduce carbon emissions as part of its sustainable development strategy. The company's TCFD Report highlights its efforts to reduce emissions and manage material topics related to emissions. It discloses information on direct (scope 1) greenhouse gas (GHG) emissions, energy indirect (scope 2) GHG emissions, and other indirect (scope 3) GHG emissions. The report also includes information on GHG emissions intensity and waste management. In 2022, by operations the company’s scope 1 direct GHG emissions reported was 2,818.15 tCO2e, scope 2 indirect GHG emissions were 285,890.98 tCO2e and scope 3 others (paper consumption and employee traveling) GHG emissions was 37,960.75 tCO2e. Moreover, in 2022, by self-owned property the company’s scope 1 direct GHG emissions reported was 2,775.80 tCO2e and scope 2 indirect GHG emissions were 85,731.15 tCO2e.

Ping An Insurance has implemented measures to reduce its energy consumption both within and outside the organization. The company has also focused on reducing energy intensity and has made investments in energy efficiency and low carbon technology. These steps demonstrate the company's commitment to reducing its carbon footprint and achieving its emission reduction targets.

The company has established a progressive target for renewable energy utilization, with goals set at 5%, 10%, 20%, 40%, 60%, 80%, and ultimately 100% from 2024 to 2030. The overarching objective is to ensure that 100% of electricity consumption in operations is sourced from renewable energy, excluding the proportion used by power grids. In tandem with emission reduction efforts, the company invests in green assets and acquires emission rights to offset unavoidable carbon emissions, ultimately striving to achieve carbon neutrality across its operations by 2030. Additionally, the company's sustainability efforts are evident through its certifications for green and healthy-safety buildings. These certifications, such as WELL HSR certification, demonstrate the company's commitment to sustainable operations and environmental stewardship.

In conclusion, Ping An Insurance has taken steps to reduce emissions, manage waste, and improve energy efficiency. The company's focus on sustainability is evident through its certifications for green buildings. Ping An Insurance's efforts align with global efforts to combat climate change and promote sustainable practices in the insurance industry.

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