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Ping An Leads Multi-Party Effort to Release Report on Climate Change Adaptation and Disaster Risk Management

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Ping An Insurance (Group) Company of China, (HKEX: 2318; SSE: 601318) has released a report on Climate Change Adaptation and Disaster Risk Management in collaboration with several institutions. The report addresses the challenges faced by the insurance industry due to climate change and outlines strategies for response.

Key highlights:

  • Ping An's green insurance premium income reached RMB37.3 billion in 2023, up 49% YoY
  • Green loan balance increased to RMB146.3 billion, up 25.7% YoY
  • Green investment of insurance funds amounted to RMB128.6 billion, up 19% YoY
  • 100% of insurance fund investments covered by ESG integration requirements

Ping An aims to support China's climate change strategy through the development of green insurance and climate risk insurance products, collaborating with various stakeholders to enhance society's resilience to climate risks.

Ping An Insurance (Group) Company of China, (HKEX: 2318; SSE: 601318) ha pubblicato un rapporto su Adattamento ai Cambiamenti Climatici e Gestione del Rischio di Catastrofi in collaborazione con diverse istituzioni. Il rapporto affronta le sfide che deve affrontare l'industria assicurativa a causa dei cambiamenti climatici e delinea strategie per la risposta.

Principali punti salienti:

  • Il reddito da premi assicurativi verdi di Ping An ha raggiunto RMB37,3 miliardi nel 2023, con un aumento del 49% rispetto all'anno precedente
  • Il saldo dei prestiti verdi è aumentato a RMB146,3 miliardi, con un incremento del 25,7% YoY
  • Gli investimenti verdi dei fondi assicurativi sono ammontati a RMB128,6 miliardi, con un aumento del 19% rispetto all'anno precedente
  • Il 100% degli investimenti dei fondi assicurativi è coperto dai requisiti di integrazione ESG

Ping An mira a sostenere la strategia di cambiamento climatico della Cina attraverso lo sviluppo di prodotti assicurativi verdi e assicurazioni contro i rischi climatici, collaborando con vari stakeholder per migliorare la resilienza della società ai rischi climatici.

Ping An Insurance (Group) Company of China, (HKEX: 2318; SSE: 601318) ha publicado un informe sobre Adaptación al Cambio Climático y Gestión del Riesgo de Desastres en colaboración con varias instituciones. El informe aborda los desafíos que enfrenta la industria de seguros debido al cambio climático y detalla estrategias para responder.

Puntos clave:

  • Los ingresos por primas de seguros verdes de Ping An alcanzaron RMB37,3 mil millones en 2023, un aumento del 49% interanual
  • El saldo de préstamos verdes aumentó a RMB146,3 mil millones, un incremento del 25,7% interanual
  • La inversión verde de los fondos de seguros alcanzó RMB128,6 mil millones, con un aumento del 19% interanual
  • El 100% de las inversiones de los fondos de seguros cumplen con los requisitos de integración ESG

Ping An tiene como objetivo apoyar la estrategia de cambio climático de China mediante el desarrollo de seguros verdes y productos de seguros contra riesgos climáticos, colaborando con diversas partes interesadas para mejorar la resiliencia de la sociedad a los riesgos climáticos.

핑안보험(그룹) 중국회사는 (HKEX: 2318; SSE: 601318) 여러 기관과 협력하여 기후 변화 적응 및 재난 위험 관리에 관한 보고서를 발표했습니다. 이 보고서는 기후 변화로 인해 보험 산업이 직면하는 도전 과제를 다루고 있으며, 대응 전략을 설명합니다.

주요 사항:

  • 핑안의 녹색 보험 프리미엄 수익은 2023년에 RMB37.3억 달러에 도달하여 전년 대비 49% 증가했습니다
  • 녹색 대출 잔액은 RMB146.3억 달러로 증가하여 전년 대비 25.7% 성장했습니다
  • 보험 기금의 녹색 투자는 RMB128.6억 달러에 달하여 전년 대비 19% 증가했습니다
  • ESG 통합 요구 사항을 충족하는 보험 기금 투자 비율은 100%입니다

핑안은 기후 위험에 대한 사회의 회복력을 높이기 위해 다양한 이해관계자와 협력하여 녹색 보험 및 기후 위험 보험 제품 개발을 통해 중국의 기후 변화 전략을 지원하는 것을 목표로 하고 있습니다.

La Ping An Insurance (Group) Company of China, (HKEX: 2318; SSE: 601318) a publié un rapport sur L'adaptation au changement climatique et la gestion des risques de catastrophe en collaboration avec plusieurs institutions. Le rapport aborde les défis rencontrés par l'industrie de l'assurance en raison du changement climatique et outline des stratégies de réponse.

Principaux points forts :

  • Les revenus de primes d'assurance verte de Ping An ont atteint RMB37,3 milliards en 2023, en hausse de 49 % par rapport à l'année précédente
  • Le solde des prêts verts a augmenté pour atteindre RMB146,3 milliards, en hausse de 25,7 % par rapport à l'année précédente
  • Les investissements verts des fonds d'assurance ont atteint RMB128,6 milliards, en hausse de 19 % par rapport à l'année précédente
  • 100 % des investissements des fonds d'assurance sont couverts par les exigences d'intégration ESG

Ping An vise à soutenir la stratégie de changement climatique de la Chine grâce au développement de produits d'assurance verte et d'assurance contre les risques climatiques, en collaborant avec divers acteurs pour renforcer la résilience de la société face aux risques climatiques.

Die Ping An Insurance (Group) Company of China, (HKEX: 2318; SSE: 601318) hat einen Bericht über Klimaänderungsanpassung und Katastrophenrisikomanagement in Zusammenarbeit mit mehreren Institutionen veröffentlicht. Der Bericht befasst sich mit den Herausforderungen, denen die Versicherungsbranche aufgrund des Klimawandels gegenübersteht, und skizziert Strategien zur Reaktion.

Wichtige Höhepunkte:

  • Die Einnahmen aus grünen Versicherungsprämien von Ping An betrugen im Jahr 2023 RMB37,3 Milliarde, was einem Anstieg von 49% im Jahresvergleich entspricht
  • Der Bestand an grünen Krediten stieg auf RMB146,3 Milliarden, ein Anstieg um 25,7% im Jahresvergleich
  • Die grünen Investitionen der Versicherungsfonds beliefen sich auf RMB128,6 Milliarden, ein Anstieg um 19% im Jahresvergleich
  • 100% der Investitionen der Versicherungsfonds erfüllen die Anforderungen an die ESG-Integration

Ping An zielt darauf ab, Chinas Strategie zum Klimawandel durch die Entwicklung von grünen Versicherungen und Klimarisiko-Versicherungsprodukten zu unterstützen und mit verschiedenen Interessengruppen zusammenzuarbeiten, um die Resilienz der Gesellschaft gegenüber Klimarisiken zu erhöhen.

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HONG KONG and SHANGHAI, Aug. 15, 2024 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318) has published a report, "Climate Change Adaptation and Disaster Risk Management: Current Practices and Future Perspectives for the Insurance Industry" (hereafter "the report"), in a joint effort with Southern University of Science and Technology, Tsinghua University, Risk Lighthouse International Pt Ltd, and Ernst & Young (China) Enterprise Consulting Co. 

Against the backdrop of long-term climate change, the insurance industry is confronted with substantial challenges arising from the exacerbation of disaster risks. The frequent incidence of catastrophic events implies that insurance companies need to bear greater compensation liabilities and the associated payout pressures. The report outlines the impact and challenges of climate change on the insurance industry and describes how the Chinese and international insurance industries are responding to climate change. It also discusses the innovative measures to improve climate risk resilience and put forwards policy recommendations for climate change response. Furthermore, the report features Ping An's sustainable development practices and experiences in responding to climate change in recent years, to provide a multi-perspective analysis of how the insurance industry can turn climate change challenges into development opportunities.

Richard Sheng, Ping An's Board Secretary and Brand Director, said, "In recent years, extreme weather events have become more frequent around the world, which has endangered the safety of people's lives and their properties and led to massive social and economic losses. We are hoping that this report can help the industry to better respond to the challenges and opportunities brought by climate risks and refine the insurance system. Together, we will write a new chapter of green development, give full play to the functions of insurance as an economic shock absorber and a social stabilizer, and lead China's insurance industry to comprehensively respond to climate change. In the future, Ping An will develop technology finance, green finance, inclusive finance, pension finance and digital finance, to provide high-quality financial services for economic and social development and promote the concept of sustainable development."

In recent years, climate change risks have had an increasing impact on human society and economic activities and have become a global challenge. The insurance industry, as a stabilizer of the social economy, plays an important role in mitigating and adapting to climate change. Ping An actively promotes the concept of sustainable development through its business activities. As of the end of 2023, Ping An's green insurance premium income amounted to RMB37.3 billion, representing nearly 49% year-on-year (YoY) growth. Its green loan balance amounted to RMB146.3 billion, representing a YoY growth of 25.7%. Its green investment of insurance funds amounted to RMB128.6 billion, up 19% YoY, and 100% of investments of insurance funds were covered by requirements for integrating ESG into investment management.

Going forward, Ping An will strive to exert its influence in the industry in the field of sustainable development. By actively developing relevant insurance products, such as green insurance and climate risk insurance, Ping An will work with the government, insurance industry, public sector, and scientific research institutions to improve the society's ability to respond to the risks of climate change and natural disasters. Ping An will support the implementation of China's climate change strategy and contribute to the high quality sustainable economic and social development.

To access the full report, please click here (only Chinese available).
To access the English summary of the original report, please click here.

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 234 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 2023, Ping An had RMB11,583,417 million in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 53rd in the Fortune Global 500 list in 2024. 

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

Cision View original content:https://www.prnewswire.com/news-releases/ping-an-leads-multi-party-effort-to-release-report-on-climate-change-adaptation-and-disaster-risk-management-302223285.html

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

FAQ

What is the main focus of Ping An's recent report on climate change?

Ping An's report focuses on climate change adaptation and disaster risk management in the insurance industry, addressing current practices and future perspectives.

How much was Ping An's green insurance premium income in 2023?

Ping An's green insurance premium income amounted to RMB37.3 billion in 2023, representing nearly 49% year-on-year growth.

What percentage of Ping An's insurance fund investments integrate ESG requirements?

100% of Ping An's investments of insurance funds were covered by requirements for integrating ESG into investment management.

How does Ping An (PNGAY) plan to contribute to China's climate change strategy?

Ping An plans to develop green insurance and climate risk insurance products, collaborating with various stakeholders to improve society's ability to respond to climate change risks.

What was Ping An's green loan balance at the end of 2023?

Ping An's green loan balance amounted to RMB146.3 billion at the end of 2023, representing a year-on-year growth of 25.7%.

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