GlobalData offers a comprehensive analysis of PICC Property and Casualty, 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 PICC Property and Casualty‘s ESG performance. GlobalData’s company profile on PICC Property and Casualty 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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PICC Property and Casualty, a leading insurance company, is following the CPC (Chinese Communist Party) Central Committee's and the State Council's guidance on reducing carbon emissions and achieving carbon neutrality. It is continuously creating innovative insurance services for green and low-carbon businesses, transportation, construction, and equipment. The company is monitoring its emissions and comparing them to previous years to track trends and progress.
In 2022, the company reported GHG emissions for Scope 1 was 136.0 tco2e (greenhouse gas emissions from natural gas combustion) & 16.8 tco2e (gasoline consumption and emissions) and Scope 2 was 3,470.2 tco2e (greenhouse gas emissions from electricity), 980.87 tco2e (greenhouse gas emissions from purchased heat). Scope 2 Per capita greenhouse gas emission intensity was 2.64 tco2e/person. PICC Property and Casualty has taken steps to reduce its emissions and the company promotes electronic policies, which can help reduce paper waste and associated emissions. Additionally, the company practices low-carbon operations and has set emission reduction targets.
In conclusion, PICC Property and Casualty has set net-zero targets to reduce its GHG emissions. While specific goals and current emissions data are not provided in the excerpts, the company is committed to achieving its net-zero targets and has taken steps such as promoting electronic policies and practicing low-carbon operations. Further information on the company's emission reduction plans and achievements would be necessary to fully assess its environmental impact and progress towards its net-zero targets.
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