GlobalData offers a comprehensive analysis of People’s Insurance Company, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on People’s Insurance Company’s ESG performance. GlobalData’s company profile on People’s Insurance Company offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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People's Insurance Company (PICC) is committed to reduce carbon emissions as part of its commitment to sustainability and is actively working towards reducing its carbon and greenhouse gas (GHG) emissions. PICC's efforts towards emission reduction and sustainability align with the United Nations' Sustainable Development Goals (SDGs). The company is actively contributing to various SDGs, including clean water and sanitation, affordable and clean energy, responsible consumption and production, and combatting climate change.
In 2022, the company reported 456.79 tCO2e of scope 1 direct GHG emissions, stemming from natural gas and gasoline use. Additionally, scope 2 and scope 3 indirect GHG emissions, which include electricity consumption and employee travel (train and air), amounted to 8,201.42 tCO2e. The cumulative greenhouse gas emissions for the year, encompassing scope 1, scope 2, and scope 3, were 8,658.21 tCO2e.
PICC is focused on persisting in green operation and has taken steps to reduce its energy consumption and emissions. The company has implemented measures to reduce energy consumption within its organization and outside of it. It is also working on reducing energy requirements of its products and services. Additionally, PICC is managing its water resources responsibly and has implemented measures to reduce water consumption and discharge. The company is also addressing waste generation and its impacts, with a focus on waste management and reduction.
The company's commitment to green operation and sustainability is evident. PICC has received recognition and awards for its efforts in green development, serving rural revitalization, and best practices in corporate governance. The company's dedication to sustainability is further highlighted by its A-Level rating in the annual information disclosure evaluation and the ESG Green Finance Award it received. PICC has actively pursued the implementation of the green development concept, enhancing and refining the "dual-carbon" service system. The company has been instrumental in offering insurance solutions for critical areas like energy transition, pollution reduction, and carbon reduction, thereby contributing to the realization of China's "dual-carbon" goal. In 2022, the green insurance products provided risk protection amounting to 68 trillion yuan.
In conclusion, People's Insurance Company is actively working towards achieving and reducing its carbon and GHG emissions. The company has implemented measures to reduce energy consumption, manage water resources responsibly, and address waste generation. Its commitment to sustainability is recognized through various awards and accolades. PICC's efforts align with the United Nations' Sustainable Development Goals, demonstrating its commitment to a greener and more sustainable future.
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