RATING
Outlook
SECTOR
Finance and Insurance
Chief Sustainability Officer
N/A
Contact Details:
N/A
T: N/A
E-mail: N/A
Stock Exchange and Ticker
PNGAY:US (OTC US)
Stock Exchange of Hong Kong: Stock Code: 2318
Shanghai Stock Exchange: Stock Code: 601318
Website
Contact
T: (86) 95511
E.mail: N/A
Listing
- MSCI ESG Rating – BBB
- Sustainalytics – 19.1, Low Risk
- CDP Rating – A-
- S&P Sustainable Development – Listed in the Global Sustainability yearbook 2021
- FTSE4Good Index Series – Listed
- Hang Seng Sustainability Index – A
Awards
- The 11th “China Charity Award” (Ministry of Civil Affairs of China)
- Advanced Group for Poverty Alleviation in Guangdong Province (Provincial Committee of CPC Committee and the People’s Government of Guangdong)
- Capital Charity Award (Association of Charity Beijing)
- The Best Climate Change Innovation Award (CDP China)
- 2021 Extraordinary Directors Award MA Mingzhe, Chairman of the Board – Extraordinary Director Award in individual category (The Hong Kong Institute of Directors)
- Ping An Group Board of Directors – Extraordinary Directors in board category (The Hong Kong Institute of Directors)
- Hong Kong Corporate Governance Excellence Award (The Chamber of Hong Kong Listed Companies)
- Insurance Company of the Year, ESG, China (The Asset)
Revenue
$267.50B
Market Capitalisation
$221.81B
Employees
356,000
Content source
Ping An Insurance Sustainability Report
Evaluation of Ping An Insurance
Sustainability Scorecard
Ping An Insurance Company Activity
Ping An Insurance (Group) Company of China, Ltd. is a financial group in China that can provide clients with insurance, banking and investment. In addition, Ping An is also actively undertaking technological innovation, building an Internet ecosystem to promote better financial service, improve user experience and provide medical and healthcare services. The subsidiaries of Ping An include Ping An Life, Ping An Property & Casualty Insurance, Ping An Annuity, Ping An Health, Ping An Bank, Ping An Trust, Ping An Securities, Ping An Fund, and so on. The company was established in Shekou, Shenzhen in 1988 and it has developed into one of the three major financial groups in China.
Ping An Insurance Sustainability Activity - As per company declarations
Certificate & Labels, Standards and Frameworks
- GRI
- SBTi
- Hong Kong Exchanges and Clearing Limited (HKEX)
Ping An Insurance in the news: Press Reviews and Social Media
Highlights from Ping An Insurance Sustainability Report
Targets vs Progress Reported
Target | Results reported |
---|---|
Achieve carbon neutrality in operations by 2030 5 | - Since 2018, Ping An Bank has been supporting the construction of the Crane Beach Hydropower Station by issuing green bonds and granting green credit - On March 25, 2021, Ping An Bank issued another carbon neutrality bond of RMB 3 billion , and directly invested RMB 1.5 billion to put the first batch of units into operation and start to generate electricity by July 1, contributing to the national carbon neutrality goal - Ping An has expanded the partnership to Ping An Bank’s full-card customer account level to create a full range of green and low carbon accounts for customers |
Strive to achieve green investment + green credit the overall targets of $56B by 2025 | - Ping An’s green investment and financing totalled $31.59B - The total scale of green banking reached $12.63B |
The total amount of green premium $35B by 2025 | - Ping An’s environmental insurance premium reached $6.27 - As of December 31, 2021, Ping An Property & Casualty Insurance of China provided environmental pollution liability risk protection of about RMB 1.41 billion to nearly 2,000 medium- and large-scale enterprises |