November 29, 2022

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Ping An rated as low ESG Risk Rating through Sustainalytics

Greatest score among Mainland China’s insurance plans companies

HONG KONG and SHANGHAI, July 6, 2022 /PRNewswire/ — Ping An Insurance policy (Team) Company of China, Ltd. (hereafter “Ping An” or the “Team”, HKEx:2318; SSE:601318) has been rated as low ESG risk through Sustainalytics, a worldwide major ESG (Environmental, Social and Governance) ranking company. With a score of 18.3, Ping An earned probably the greatest score among Mainland China’s insurance plans companies, a testament to the Team’s wonderful ESG risk management capability.

Sustainalytics considered seven fabrics ESG issues that might affect Ping An’s financials and operation results: Corporate Governance, Endeavor Ethics, Human Capital, Wisdom Privacy and Protection, ESG Integration-Financials and Resilience. Basically in accordance with their analysis, Ping An’s overall ESG Risk Rating used to be 18.3, a “Low ESG Risk” score. Sustainalytics gave Ping An a “Negligible” ESG Risk Rating in Product Governance, ESG Integration-Financials and Resilience, one of the favorable ranking in its five-tiered machine from “Negligible” to “Excessive”.

Sustainalytics has rated over 14,500 companies in different industries, in conjunction with over 290 insurance plans companies all over the place the arena. Ping An ranks first among Mainland China insurers.

As an integrated financial conglomerate, Ping An has taken a primary place throughout the follow of ESG risk management, integrating core theories and necessities of ESG into the Team’s risk management machine. In 2022, with more than 30 years’ experience throughout the industry, Ping An upgraded its entire risk management machine primarily based most commonly on its observations of regulatory and industry changes. The risk management machine known 11 elementary risk categories in conjunction with compliance risks, credit score ranking risks, liquidity risks, and knowledge experience risks, and four risk categories explicit to insurance plans companies. Management of the ones risks advertise and ensure stable long-term growth of the Team. Particularly, Ping An is that specialize in the affect of native climate replace on its undertaking. As urged through the global Process Energy on Native weather-related Financial Disclosure (TCFD), Ping An has evolved a risk id framework for native climate change-related risks, and applied risk id results to the insurance plans and investment screening process to cut back those risks.

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Sustainalytics well-known that the company’s overall management of material ESG issues is strong. Data protection management is among the maximum an important issues of Ping An’s undertaking growth, and the Company’s information protection management machine is ISO 27001 authorized, which is taken into consideration international largest follow in information protection. Ping An specializes in the affect of undertaking ethics on its stakeholders, in conjunction with shareholders, potentialities, employees, partners and the gang, along with the affect at the surroundings. At the undertaking ethics front, the company strives to train employees ceaselessly and has board-level oversight on compliance. In addition to, Ping An encourages key employees to serve the Company on a long-term basis with an entire long-term incentive and strength of mind mechanism. Ping An’s Key Employee Proportion Purchase Plan and Long-term Carrier Plan help to reinforce the Company’s governance building and advertise long-term sustainable growth. As of December 31, 2021, the number of employees participating in Ping An’s Key Employee Proportion Purchase Plan and Long-term Carrier Plan reached 89,304.

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About Ping An Team

Ping An Insurance policy (Team) Company of China, Ltd. (“Ping An“) strives to become a world-leading retail financial firms crew. With over 223 million retail potentialities and almost 657 million internet shoppers, Ping An is among the greatest financial firms companies on the earth. Ping An specializes in two over-arching domain names of workout, “integrated finance” and “healthcare”, protective the provision of financial and neatly being care firms by the use of its integrated financial firms platform and ecosystems in financial firms, healthcare, auto firms and good city firms. The “finance + experience” and “finance + ecosystem” strategies aim to provide potentialities and internet shoppers with fashionable and simple products and services using experience. As China’s first joint stock insurance plans company, Ping An is devoted to upholding the perfect necessities of corporate reporting and corporate governance. The Team is indexed at the stock exchanges in Hong Kong and Shanghai. Ping An ranked 6th throughout the Forbes Global 2000 list in 2021 and ranked 16th throughout the Fortune Global 500 list in 2021.

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For added information, please cross to www.crew.pingan.com and follow us on LinkedIn – PING AN.

About Sustainalytics

Sustainalytics, a Morningstar company, is a primary independent ESG research, scores and data company that is helping patrons all over the place the arena with the development and implementation of responsible investment strategies. Sustainalytics works with loads of of the arena’s major asset managers and pension price range who incorporate ESG and corporate governance information and tests into their investment processes. The company moreover works with loads of of companies and their financial intermediaries to help them remember sustainability in insurance coverage insurance policies, practices and capital tasks. For added information, cross to www.sustainalytics.com.

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This [publication/ article/ section] accommodates information evolved through Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its 3rd party providers (3rd Celebration Wisdom) and are provided for informational purposes only. They don’t constitute an endorsement of any product or undertaking, nor an investment advice and are in most cases now not warranted to be complete, neatly timed, right kind or suitable for a decided on purpose. Their use is matter to eventualities available at https://www.sustainalytics.com/legal-disclaimers. 

SOURCE Ping An Insurance policy (Team) Company of China, Ltd.