Potential offtaker

China Taiping Insurance Holdings Company Ltd.

www.ctih.cntaiping.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

China Taiping Insurance Holdings (CTIH) is a leading insurance company based in Hong Kong, with a strong presence in the Asia-Pacific region. The company operates in the life insurance sector and has been providing quality insurance products and services to its customers for over 90 years. CTIH is committed to sustainable development and has been actively pursuing decarbonisation initiatives to reduce its carbon footprint and contribute to a greener future.

CTIH recognises the importance of corporate energy management and has implemented various measures to improve its energy efficiency and reduce greenhouse gas emissions. The company has set ambitious targets to reduce its carbon emissions and has been investing in renewable energy sources to achieve these goals. CTIH has also been exploring corporate power purchase agreements (PPAs) to procure renewable energy and reduce its reliance on fossil fuels.

Decarbonisation is a key priority for CTIH, and the company has been taking significant steps to reduce its carbon footprint. CTIH has set a target to reduce its carbon emissions by 30% by 2025, compared to its 2019 baseline. The company has implemented various measures to achieve this target, including energy efficiency improvements, renewable energy procurement, and carbon offsetting. CTIH has also been engaging with its suppliers and partners to encourage them to adopt sustainable practices and reduce their carbon emissions.

Corporate energy management is an important aspect of CTIH's sustainability strategy. The company has implemented various measures to improve its energy efficiency and reduce its energy consumption. CTIH has conducted energy audits to identify areas where energy efficiency can be improved and has implemented measures such as LED lighting, energy-efficient HVAC systems, and smart building management systems. The company has also been investing in renewable energy sources such as solar and wind power to reduce its reliance on fossil fuels.

Corporate PPAs are an important tool for companies to procure renewable energy and reduce their carbon emissions. CTIH has been exploring the use of corporate PPAs to procure renewable energy and reduce its reliance on fossil fuels. The company has signed a PPA with a wind farm in Inner Mongolia, which will supply 100% of the electricity needs of its Beijing office. This PPA will help CTIH to reduce its carbon emissions and achieve its decarbonisation targets.

Renewable energy is a key focus area for CTIH, and the company has been investing in renewable energy sources to reduce its reliance on fossil fuels. CTIH has invested in solar and wind power projects in China and has also signed a PPA with a wind farm in Inner Mongolia. The company has set a target to increase its renewable energy capacity to 30% by 2025, compared to its 2019 baseline. CTIH's commitment to renewable energy is not only good for the environment but also makes good business sense, as it helps the company to reduce its energy costs and improve its competitiveness.

In conclusion, CTIH is a leading insurance company based in Hong Kong, with a strong commitment to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon emissions and has been investing in renewable energy sources to achieve these goals. CTIH has also been exploring corporate PPAs to procure renewable energy and reduce its reliance on fossil fuels. Corporate energy management is an important aspect of CTIH's sustainability strategy, and the company has implemented various measures to improve its energy efficiency and reduce its energy consumption. CTIH's commitment to sustainability and decarbonisation is not only good for the environment but also makes good business sense, as it helps the company to reduce its energy costs and improve its competitiveness.

✓ Declared Net Zero commitment