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

Rhea-AI Summary

Ping An Insurance (PNGAY) has been featured in S&P Global's Sustainability Yearbook (China Edition) 2025 as the only mainland Chinese insurer, highlighting its ESG leadership. The company demonstrated strong performance across environmental, social, and governance metrics in 2024:

In environmental initiatives, Ping An achieved 57% YoY growth in green insurance premiums to RMB58.6 billion, 13% increase in green loans to RMB157.8 billion, and green investments reached RMB124.7 billion. The company reduced greenhouse gas emissions by 8% YoY.

Socially, Ping An marked its 30th year in public welfare education, supporting 119 Hope Primary Schools and providing RMB220 trillion in risk protection to over 2.4 million small enterprises. The company invested RMB956 million in employee training.

In governance, sustainable insurance premium income grew 13% YoY to RMB629.3 billion, while responsible investments of insurance funds increased 17% to RMB849.9 billion.

Positive

• 57% YoY growth in green insurance premium income to RMB58.6 billion
• 13% YoY increase in green loan balances to RMB157.8 billion
• 8% reduction in operational greenhouse gas emissions
• 13% YoY growth in sustainable insurance premium income to RMB629.3 billion
• 17% increase in responsible investments of insurance funds to RMB849.9 billion
• Provided RMB220 trillion in risk protection to 2.4 million small enterprises

Negative

• None.

News Market Reaction

+3.51%

1 alert

+3.51% News Effect

On the day this news was published, PNGAY gained 3.51%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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.

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.

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.

Ping An has also made significant social contributions. The year 2024 marked the 30^th anniversary of Ping An's commitment to public welfare education. By the end of 2024, Ping An supported the construction of 119 Ping An Hope Primary Schools across the country. It had also recruited 12,708 volunteer teachers, with more than 443,000 volunteer teaching hours, and established various educational scholarships, cumulatively supporting 31,345 students. Leveraging its integrated finance approach, Ping An actively promoted inclusive finance. As of the end of 2024, Ping An P&C provided more than 2.4 million small and micro enterprises with comprehensive risk protection totaling more than RMB220 trillion and processed over 900,000 claims, worth nearly RMB4 billion. Ping An Bank served 782,000 small and micro enterprise through inclusive loans and issued nearly 260,000 debit cards to rural residents. Ping An also invested in employee development: in 2024, the Group invested RMB956 million in training programs, with an average of 49 training hours per employee.

In terms of governance and economic practices, Ping An adheres to global best practices in corporate governance, emphasizing professionalism, independence, and diversity of its Board of Directors. The Company provides ongoing training for board members on topics such as risk management, digital transformation, information security, and climate management, to continue enhancing its risk control systems and platform infrastructure for healthy business development. Ping An also places great importance on business ethics. The Company conducted more than 6,000 integrity culture development and anti-corruption awareness campaigns in 2024. Ping An is also active in sustainable finance: sustainable insurance premium income reached RMB629.3 billion in in 2024, a year-on-year increase of 13%. Its responsible banking business reached RMB1.2 trillion, with a compound annual growth rate of 4.5% over the past three years. Responsible investments of insurance funds totaled RMB849.9 billion, a 17% increase from the beginning of the year.

Ping An said that its continued inclusion in S&P Global's Sustainability Yearbook (China Edition) is acknowledgement of the Group's long-term commitment to its sustainable development strategy. Looking ahead, Ping An will continue to deepen its technology-driven "integrated finance + health and senior care" strategy, enhance its service and management capabilities, and create long term, sustainable value for customers, employees, shareholders and society.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its nearly 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29^th in the Forbes Global 2000 list in 2024 and 53^rd in the Fortune Global 500 list in 2024. 

For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN.

FAQ

What are Ping An's (PNGAY) key ESG achievements in 2024?

In 2024, Ping An achieved 57% growth in green insurance premiums to RMB58.6 billion, 13% growth in green loans to RMB157.8 billion, and 8% reduction in greenhouse gas emissions. The company also provided RMB220 trillion in risk protection to small enterprises and invested RMB956 million in employee training.

How much did Ping An's (PNGAY) sustainable insurance premium income grow in 2024?

Ping An's sustainable insurance premium income grew 13% year-over-year to reach RMB629.3 billion in 2024.

What is Ping An's (PNGAY) contribution to environmental sustainability?

Ping An reduced greenhouse gas emissions by 8% YoY, purchased 11,612 MWh of green electricity avoiding 6,800 tonnes of CO2e emissions, and grew green insurance premiums by 57% to RMB58.6 billion in 2024.

How does Ping An (PNGAY) support small and micro enterprises?

Ping An P&C provided over 2.4 million small and micro enterprises with risk protection totaling RMB220 trillion and processed over 900,000 claims worth nearly RMB4 billion.

What is Ping An's (PNGAY) investment in employee development?

In 2024, Ping An invested RMB956 million in training programs, providing an average of 49 training hours per employee.