Ping A Life turns out to be first China insurance agency to give ESG bond record

HONG KONG and SHANGHAI, April 28, 2022/PRNewswire/ – – Ping An Insurance (Group) Company of China, Ltd. (from now on “Ping An” or the “Gathering”, HKEx:2318; SSE:601318) declared that the ChinaBond Ping A Life Insurance ESG Integration Strategy Credit Bond Index has been mutually given by its auxiliary Ping A Life Insurance Company of China, Ltd. (henceforth “Ping A Life”)_and the ChinaBond Pricing Center Co., Ltd. Ping A Life is the principal insurance agency in China to give an ESG bond record, which means to advance great manageable improvement of various enterprises through ecological, social and administration (ESG) effective financial planning.

Drawing on Ping A Life’s insight and edge in long haul resource designation, the file series makes progress toward practical speculation returns through expanded item development. It additionally means to energize more revenue in maintainable speculation.

The record constituents are bonds with relatively great credit capabilities. Ping A Life chose them from the top 90% of the ChinaBond ESG Evaluation scored bonds in homegrown public posting with outstanding development of no less than 90 days and which meet screening conditions during the posting time frame. Ping A Life restricted the determination of ventures for the file constituents. The file will be changed on a fundamental level on a quarterly premise. As of the finish of March 2022, there were 2,765 securities in the record, with an all out market worth of RMB7.27 trillion. The paces of return of the list are 2.01% for a very long time, 4.73% for one year, 13.42% for a long time and 25.99% for a long time.

To aggregate the file, Ping A Life utilizes a global standard approach system, considering the qualities of China’s credit security market. It consolidates an ESG assessment framework with customary credit investigation and structures an ESG incorporation technique through sure scoring and negative screening.

Ping A Life expressed, “Driven by Ping A’s maintainability methodology, Ping A Life has coordinated the center ways of thinking and guidelines of ESG into its tasks and the board. The Company sticks to the idea of practical venture, and mirrors the public techniques to accomplish its fossil fuel byproduct pinnacle and carbon impartiality objectives. Ping A Life serves the genuine economy with monetary administrations and supports the development of significant public green tasks and the green change of social and financial turn of events.” As of the finish of 2021, the combined size of Ping A Life’s interest in green, comprehensive money and social speculations through capital and non-capital business sectors was roughly RMB593.8 billion. Of that, Ping A Life’s green venture was roughly RMB84 billion, including clean energy, energy preservation and ecological insurance and framework projects. Ping A Life’s activities are in the Beijing-Tianjin-Hebei district, the Yangtze River Delta and the more extensive Yangtze River Economic Belt, the Guangdong-Hong Kong-Macao Greater Bay Area and different areas in China.

About Ping A Group

Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) endeavors to turn into a world-driving retail monetary administrations bunch. With north of 227 million retail clients and almost 647 million web clients, Ping An is one of the biggest monetary administrations organizations on the planet. Ping A spotlights on two all-encompassing areas of action, “incorporated money” and “medical services”, covering the arrangement of monetary and medical care administrations through its coordinated monetary administrations stage and biological systems in monetary administrations, medical care, auto administrations and savvy city administrations. The “finance + innovation” and “money + biological system” procedures mean to furnish clients and web clients with inventive and straightforward items and administrations utilizing innovation. As China’s most memorable joint stock insurance agency, Ping An is focused on maintaining the best expectations of corporate detailing and corporate administration. The Group is recorded on the stock trades in Hong Kong and Shanghai. Ping A positioned sixth in the Forbes Global 2000 rundown in 2021 and positioned sixteenth in the Fortune Global 500 rundown in 2021. Ping An additionally positioned 49th in the 2021 WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global Brands list.

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