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Ping An Insurance Makes Mark in Sustainability

In a significant recognition of its commitment to sustainable practices, Ping An Insurance (Group) Company of China, Ltd. has once again been featured in the S&P Global's Sustainability Yearbook (China Edition) for 2025. This prestigious acknowledgment places Ping An as the only insurer from Mainland China included amongst a select group of companies renowned for their outstanding environmental, social, and governance (ESG) performances.

S&P Global evaluated the sustainability efforts of a staggering 1,662 companies spread across 60 diverse industries. Their rigorous selection process subsequently identified only 164 companies that demonstrated exemplary sustainability performance, thus earning a place in this year’s yearbook. Notably, in the insurance sector, Ping An has been assessed on several key criteria encompassing environmental strategies (18% of the evaluation), social contributions (33%), and corporate governance and economic practices (49%). This meticulous scoring highlights the Group's leadership role in sustainable development, especially as it stands out as one of only two insurers acknowledged in this competitive landscape.

Commitment to Environmental Initiatives

Ping An has proactively positioned itself at the forefront of green initiatives and low-carbon transformation. By leveraging an extensive suite of financial services—including insurance, credit, and investment solutions—the Group actively promotes sustainable practices. In 2024 alone, Ping An reported a remarkable RMB58.6 billion in green insurance premiums, denoting a phenomenal year-on-year growth of nearly 57%. Moreover, it achieved green loan balances of RMB157.8 billion, which reflects a 13% increase from the previous year, alongside green investments totaling RMB124.7 billion.

With climate change posing unpredictable challenges, Ping An has taken noteworthy measures to identify risks and seize opportunities presented by climate change issues. The Group has undertaken comprehensive climate risk scenario analyses, preparing response strategies while successfully reducing its operational greenhouse gas emissions by 8% in 2024. Furthermore, the adoption of 11,612 MWh of green electricity has averted approximately 6,800 tonnes of carbon dioxide equivalent emissions throughout the year.

Social Contributions That Make a Difference

Beyond its environmental efforts, Ping An has also significantly impacted social welfare initiatives. Celebrating the 30th anniversary of its commitment to public welfare education, the Company has constructed 119 Ping An Hope Primary Schools nationwide as part of its philanthropy. The recruitment of 12,708 volunteer teachers, cumulating over 443,000 hours of teaching, has ushered in invaluable educational contributions. By establishing diverse scholarship programs, Ping An has successfully supported 31,345 students in pursuit of their academic dreams.

In promoting inclusive finance, Ping An's comprehensive risk protection strategy to small and micro-enterprises is remarkable. By the end of 2024, Ping An PC provided coverage exceeding RMB220 trillion to over 2.4 million small entities while efficiently managing over 900,000 claims worth nearly RMB4 billion. The Group also delivered inclusive loans to 782,000 small businesses through Ping An Bank, contributing greatly to financial accessibility.

Moreover, investment in employee development has seen Ping An allocate RMB956 million towards training, averaging 49 hours of professional development per employee in 2024.

Strong Governance and Economic Practices

In terms of governance, Ping An adheres to globally recognized standards for corporate governance. The Company underscores the importance of professionalism and diversity within its Board of Directors, alongside ongoing training for board members to enhance their governance competencies in risk management and digital transformation.

Ping An’s focus on ethical business practices is reflected through extensive integrity and anti-corruption campaigns that engaged more than 6,000 participants in 2024 alone. Furthermore, in sustainable finance, the insured premium income within this realm reached RMB629.3 billion, marking a 13% increase year-on-year, while their responsible banking business achieved RMB1.2 trillion with impressive growth.

Looking Ahead

The continued appearance of Ping An in the S&P Global Sustainability Yearbook is a validation of its persistent dedication to sustainable practices. Moving forward, the Group aims to enhance its tech-driven 'integrated finance + health and senior care' strategy, elevating both service quality and management capabilities. This approach will aim to foster long-lasting sustainable value not only for its stakeholders but society at large.

Ping An's remarkable achievements exemplify how financial institutions can balance profitability with responsibility, setting a benchmark for others in the field to follow.

For further insights, visit Ping An Group or follow them on LinkedIn.