Tuesday, August 9, 2022

Ping An Life turns into first China insurance coverage firm to subject ESG bond index

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HONG KONG and SHANGHAI, April 28, 2022 /PRNewswire/ — Ping An Insurance coverage (Group) Firm of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) introduced that the ChinaBond Ping An Life Insurance coverage ESG Integration Technique Credit score Bond Index has been collectively issued by its subsidiary Ping An Life Insurance coverage Firm of China, Ltd. (hereafter “Ping An Life“)_and the ChinaBond Pricing Heart Co., Ltd. Ping An Life is the primary insurance coverage firm in China to subject an ESG bond index, which goals to advertise top quality sustainable growth of various industries via environmental, social and governance (ESG) investing.

Drawing on Ping An Life’s expertise and edge in long-term asset allocation, the index collection strives for sustainable funding returns via diversified product innovation. It additionally goals to encourage extra curiosity in sustainable funding.

The index constituents are bonds with comparatively good credit score {qualifications}. Ping An Life chosen them from the highest 90% of the ChinaBond ESG Analysis scored bonds in home public itemizing with remaining maturity of not less than three months and which meet screening situations throughout the itemizing interval. Ping An Life narrowed the number of industries for the index constituents. The index will probably be adjusted in precept on a quarterly foundation. As of the tip of March 2022, there have been 2,765 bonds within the index, with a complete market worth of RMB7.27 trillion. The charges of return of the index are 2.01% for six months, 4.73% for one 12 months, 13.42% for 3 years and 25.99% for 5 years.

To compile the index, Ping An Life makes use of a world mainstream methodology framework, taking into consideration the traits of China’s credit score bond market. It combines an ESG analysis system with conventional credit score evaluation and kinds an ESG integration technique via constructive scoring and destructive screening. 

Ping An Life mentioned, “Pushed by Ping An’s sustainability technique, Ping An Life has built-in the core philosophies and requirements of ESG into its operations and administration. The Firm adheres to the idea of sustainable funding, and displays the nationwide methods to attain its carbon emission peak and carbon neutrality objectives. Ping An Life serves the true financial system with monetary providers and helps the development of main nationwide inexperienced tasks and the inexperienced transformation of social and financial growth.” As of the tip of 2021, the cumulative scale of Ping An Life’s funding in inexperienced, inclusive finance and social investments via capital and non-capital markets was roughly RMB593.8 billion. Of that, Ping An Life’s inexperienced funding was roughly RMB84 billion, together with clear vitality, vitality conservation and environmental safety and infrastructure tasks. Ping An Life’s tasks are within the BeijingTianjinHebei area, the Yangtze River Delta and the broader Yangtze River Financial Belt, the Guangdong-Hong Kong-Macao Higher Bay Space and different areas in China.

About Ping An Group

Ping An Insurance coverage (Group) Firm of China, Ltd. (“Ping An“) strives to develop into a world-leading retail monetary providers group. With over 227 million retail clients and almost 647 million web customers, Ping An is without doubt one of the largest monetary providers firms on the earth. Ping An focuses on two over-arching domains of exercise, “built-in finance” and “healthcare”, overlaying the availability of economic and well being care providers via its built-in monetary providers platform and ecosystems in monetary providers, healthcare, auto providers and good metropolis providers. The “finance + know-how” and “finance + ecosystem” methods goal to supply clients and web customers with modern and easy services utilizing know-how. As China’s first joint inventory insurance coverage firm, Ping An is dedicated to upholding the best requirements of company reporting and company governance. The Group is listed on the inventory exchanges in Hong Kong and Shanghai. Ping An ranked sixth within the Forbes World 2000 record in 2021 and ranked sixteenth within the Fortune World 500 record in 2021. Ping An additionally ranked forty ninth within the 2021 WPP Kantar Millward Brown BrandZTM High 100 Most Priceless World Manufacturers record.

For extra data, please go to www.group.pingan.com and observe us on LinkedIn – PING AN.

SOURCE Ping An Insurance coverage (Group) Firm of China, Ltd.

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