Hong Kong (Sept. 25, 2019) \u2013 Ping An Insurance (Group) Company of China, Ltd. has been selected for the 2019 Dow Jones Sustainability Emerging Markets Index (DJSI) for the first time. Ping An is the first insurance company from mainland China to be selected in the Emerging Markets Index.<\/p>\n
The latest review of the DJSI was officially released on 23 September. DJSI, launched in 1999, was the first index to track the sustainability of global listed companies. It is widely respected in the capital market and is a leading sustainability index for large international institutional investors. This year, only two companies from mainland China were selected for the DJSI.<\/p>\n
Ping An actively practices corporate social responsibility and has established an environmental, social and governance (ESG) management system that takes into account both overseas and Chinese standards. It has been recognized by the world\u2019s most authoritative rating agencies. Last month, Ping An became a signatory of the United Nations-supported Principles for Responsible Investment (PRI), the first asset owner in China to join.<\/p>\n
Richard Sheng, Board Secretary and Brand Director of Ping An, said: \u201cPing An aims to achieve mutual sustainable development with all of its stakeholders. We want to be a force for good for sustainable development in China and other parts of the world.\u201d<\/p>\n
Setting Domestic and International ESG Benchmarks<\/b><\/p>\n
Ping An\u2019s ESG policy covers core issues such as a business code of conduct, corporate governance, responsible investment, sustainable insurance, information security, artificial intelligence (AI) governance, sustainable supply chain and the United Nations Sustainable Development Goals.<\/p>\n
In the first half of 2019, Ping An\u2019s scale of responsible investment exceeded RMB1 trillion. Ping An is also empowering ESG management with its advantages in technologies. It built the first AI-ESG platform, leveraging on AI technology to significantly improve management efficiency.<\/p>\n
The Group\u2019s sustainable development achievements have been recognized by international authorities. In addition to being included in the DJSI and a signatory to the PRI, Ping An is the second largest constituent in the HSCEI ESG Index. Hang Seng\u2019s sustainability assessment of Ping An is A+, which ranks top among the A+H-listed companies.<\/p>\n
Promoting Sustainable Development<\/b><\/p>\n
Ping An is guided by the philosophy that \u201cExpertise Creates Value\u201d and its \u201cfinance + technology\u201d strategy, partnering with stakeholders to promote a green environment, a harmonious society, and a sustainable economy.<\/p>\n
As of June 30, 2019, Ping An Bank granted green credit lines of RMB62.404 billion and the balance of loans reached RMB26.069 billion. The balance of social inclusive loans was RMB357.875 billion. Lufax Holding provided inclusive credit services for 564,900 customers by granting RMB133.207 billion in loans, with a balance of RMB221.263 billion. In rural areas, Ping An granted RMB15.758 billion in loans to 126,500 customers.<\/p>\n
In addition to the investment business, Ping An established its Sustainable Insurance System. Ping An considers climate change and social factors in the development and design stages of its insurance products and conducts ESG risk assessments for effective risk pricing.<\/p>\n
Ping An\u2019s is also active in community development through its \u201cPing An Rural Communities Support\u201d programs, launched in 2018 to support China\u2019s strategy of fighting poverty. It includes the \u201cVillage Officer Program\u201d, \u201cVillage Doctor Program\u201d and \u201cVillage Teacher Program\u201d for smart poverty alleviation via industry promotion, health care and education support. As of June 30, 2019, the Group implemented the programs in 13 provinces or autonomous regions across China. The Group donated RMB10.373 billion for poverty alleviation, built or upgraded 622 rural clinics and 607 rural schools, and trained 6,926 village doctors and 5,898 village teachers.<\/p>\n
Exchange rate: As of posting, 1 billion Chinese yuan (RMB) is equal to approximately $140 million United States dollars (USD) or $186 million Canadian dollars (CAD)<\/em><\/p>\n About Ping An<\/b><\/p>\n Ping An Insurance (Group) Company of China, Ltd. (HKEX: 2318; SSE: 601318)<\/em> is a world-leading technology-powered retail financial services group. With 196 million retail customers and 576 million Internet users, Ping An is one of the largest financial services companies in the world.<\/p>\n Ping An has two over-arching strategies, \u201cpan financial assets\u201d and \u201cpan healthcare\u201d, which focus on the provision of financial and healthcare services through our integrated financial services platform and our five ecosystems of financial services, health care, auto services, real estate services and smart city services. Our \u201cfinance + technology\u201d and \u201cfinance + ecosystems\u201d strategies aim to provide customers and internet users with innovative and simple products and services. As China\u2019s first joint stock insurance company, Ping An Group is committed to upholding the highest standards of corporate reporting and corporate governance. The Company is listed on the stock exchanges in Hong Kong and Shanghai.<\/p>\n Ping An ranked 7th on the Forbes Global 2000 list and 29th on the Fortune Global 500 list. Ping An also ranked 40th on the 2019 WPP Millward Brown BrandZ™ Top 100 Most Valuable Global Brands list. For more information, please visit www.pingan.cn<\/a>.<\/p>\n Source: Ping An Insurance Group Ltd.<\/i><\/p>\n Tags: Ping An<\/a>, sustainability<\/a> Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Hong Kong (Sept. 25, 2019) \u2013 Ping An Insurance (Group) Company of China, Ltd. has been selected for the 2019 Dow Jones Sustainability Emerging Markets Index (DJSI) for the first time. Ping An is...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16979"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16979"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16979\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}