HONG KONG and SHANGHAI, March 4, 2020 / PRNewswire / – Ping An Insurance (Group) Company of China, Ltd. (hereinafter “Ping an“or the” Group “, HKEx: 2318; SSE: 601318) published its 2019 sustainable development report, highlighting the Group’s achievements and milestones in improving environmental, social and governance (ESG) performance over the past year, and his efforts to become an active global ESG influencer.
Highlights of Ping an’s sustainability achievements include:
Better serve the real economy
Ping an provided risk protection for more than 1,000 major Belt and Road projects and the development of the Great Bay area, served more than 3 million small and micro businesses with integrated financial services such as insurance, loans and financing, and provided more than 1 trillion RMB in insurance coverage and financing services for farmers and rural businesses in 2019, providing greater momentum and efficiency in the real economy.
Tech for social good
Powered by “finance + technology”, Ping an pledges to take advantage of artificial intelligence (AI), blockchain and other basic technologies to develop inclusive finance and its loan balance almost reaches 900 billion RMB. Thanks to online consultation and intelligent management solutions, Ping an’s medical technology has benefited more than 300 million patients and helped 14,000 community-level medical institutions and 300,000 doctors in 2019. Ping an has integrated ethical and legal requirements into the product life cycle, in order to ensure “human-oriented” and “technology for social good” technological development.
Exercising the nature of insurance in risk management
Ping an made more efforts to develop and supply social security products, inclusive financial products and environmental products under the theme of sustainable development. By achieving stable growth in its insurance performance, Ping an is committed to providing protection against risks to social equity and sustainable development. In 2019, Ping an’s lasting insurance insured amount reached RMB121.21 billion.
Co-development with rapidly growing employees
Ping an attaches great importance to attracting talent and focuses on training and motivating employees, identifying talent and meeting development needs using technological means. In 2019, the company developed a personalized career development and education system with total training amounting to RMB 1,096 billion. Meanwhile, we have implemented the basic employee share ownership program since 2015 and launched the long-term employee service program in 2018. Ping an constantly shares its development achievements with employees to stimulate the long-term co-development of the company.
Support responsible investment and promote its development China
Ping an strives to become a leading responsible investor China and explore the global responsible investment market. The Group has become the first owner of assets to sign the Principles for Responsible Investment (UNPRI) supported by the United Nations in China. In 2019, green investment reaches RMB 51.245 billion, social and inclusive investments 903.204 billion RMB, the balance of green credits reached RMB 24.273 billion and the balance of social and inclusive loans amounted to RMB 898.921 billion.
Advancing the Ping An Rural Communities Support Initiative
Ping an continued “support to rural Ping An communities”. In 2019, with regard to the village officer program, the total poverty reduction fund granted RMB 15.745 billion. For the village doctor program, 949 village and canton clinics were improved, 554 mobile health checks in the countryside were carried out and 11,175 village doctors were trained. With regard to the village teacher program, 11,826 village teachers have been trained and 1,054 village primary schools have been renovated.
The Group has adopted multidimensional and multilayered methods to reduce poverty by promoting industry, health care and support for education, aiming not only at poverty reduction, but also sustainable development of the population rural. At December 31, 2019, Ping an had implemented “Ping An Rural Communities Support” in 21 provinces or autonomous regions of Chinaand developed an innovative model for poverty reduction: “education for training, self-sufficient capacity building focused on industry, One Village and One Product, and production and sales empowering”.
Given the recent outbreak of the new coronavirus 2019 (COVID-19), Ping an mobilized resources and helped society’s efforts to control the epidemic. Nowadays, Ping an had given up RMB 61.5 million to fight the epidemic and provided free insurance to 8 million medical and disease workers and 15,000 volunteers. Meanwhile, Ping an had provided an exclusive epidemic relief fund RMB 100 million for the public security police and the auxiliary police who were on the front line of epidemic prevention and control. The fund will also help families of the forces. These efforts are evidence of Ping an’s commitment to social contribution as a responsible company.
Richard Sheng, Secretary of the board of directors and brand director Ping an said, “Ping an improved its ESG performance to promote its overall value on the capital market. We believe that, supported by excellent ESG management and practice, Ping an enable better risk management, seize opportunities to accelerate development and demonstrate its ability to create long-term value for investors. ”
Committed to its responsibility towards investors, Ping an has made remarkable progress in authoritative ESG ratings. Improved MSCI Ping an’s ESG ranking in 2019. In addition, Ping an became the first insurance company on the continent China to be selected from the Dow Jones Sustainability Emerging Markets 2019 index. Ping an had also been recognized with a level B rating in the Carbon Disclosure Project (CDP), which ranked third among all Chinese companies and first among Chinese financial companies.
To consult the full 2019 sustainable development report Ping an, please visit: http://www.pingan.com/app_upload/images/info/upload/ef0f6aca-eba2-476c-869d-80a0d88f28cd.pdf.
About Ping An Group
Ping An Insurance (Group) Company of China, Ltd. (“Ping an“) is a global technology-based retail financial services group. With more than 200 million individual customers and 516 million Internet users, Ping an is one of the largest financial services companies in the world.
Ping an has two global strategies, “pan financial assets” and “pan healthcare”, which focus on the provision of financial and healthcare services through our integrated financial services platform and our five financial services ecosystems, healthcare, automotive services, real estate real estate services and smart city services. Our “finance + technology” and “finance + ecosystems” strategies aim to provide customers and Internet users with innovative and simple products and services using technology. As China Ping An Group, the leading stock insurance company, is committed to respecting the highest standards in terms of reporting and corporate governance. The Company is listed on the stock exchange at Hong Kong and Shanghai.
In 2019, Ping an classified 7e in the Forbes Global 2000 and 29 liste on the Fortune Global 500 list. Ping an also classified 40e in the WPP Millward Brown BrandZ 2019TM List of the top 100 most valuable global brands. For more information, please visit www.pingan.cn.
SOURCE Ping An Insurance Group Ltd.
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