Ping An Featured in S&P Global's Sustainability Yearbook (China Edition) 2025, Still the Only Mainland Chinese Insurer

About this update from Ping An Insurance (group) Company Of China, Ltd. Class A

[{"type":"text","content":"HONG KONG and SHANGHAI, May 13, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or the "Group", HKEX: 2318; SSE: 601318) is featured in S&P Global's Sustainability Yearbook (China Edition) 2025. The Group has been recognized for its outstanding performance in Environmental, Social, and Governance (ESG) practices and sustainable development initiatives, and it is still the the only insurance company from Mainland China included.","length":527,"tagName":"p"},{"type":"text","content":"For 2025, S&P Global assessed 1,662 companies across 60 industries before selecting 164 high-performing companies for the yearbook. For the insurance industry, the evaluation criteria and weighting included: Environmental (18%, focusing on climate strategy and decarbonization strategy), Social (33%, emphasizing financial inclusion and human capital management), and Governance & Economic (49%, covering business ethics, corporate governance, risk and crisis management, and sustainable finance). Ping An is the sole representative from Mainland China, and one of only two insurance companies included, underscoring the Group's leadership in sustainable development.","length":679,"tagName":"p"},{"type":"text","content":"In terms of environmental initiatives, Ping An supports green development and low-carbon transformation by leveraging diverse financial services, such as insurance, credit, and investment. In 2024, Ping An's green insurance premium income reached RMB58.6 billion, representing year-on-year growth of nearly 57%. Green loan balances amounted to RMB157.8 billion, up 13% year-on-year, and green investment of insurance funds reached RMB124.7 billion. Ping An also enhanced its climate actions to adapt to the uncertainty of climate change. It actively identified risks and opportunities related to climate change, conducted climate risk scenario analyses, and developed response and transition plans. The Company reduced its operational greenhouse gas emissions by 8% year-on-year in 2024 and purchased 11,612 MWh of green electricity, which effectively avoided about 6,800 tonnes of carbon dioxide equivalent (tCO2e) emissions.","length":930,"tagName":"p"},{"type":"text","content":"Ping An has also made significant social contributions. The year 2...

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