Ping An receives Low Risk ESG rating from Sustainalytics Still #1 in Mainland China's insurance sector
HONG KONG and SHANGHAI, April 9, 2024 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318) has again received a "Low Risk" ESG Risk Rating from Sustainalytics, ranked first in Mainland China's insurance sector.
- HONG KONG and SHANGHAI, April 9, 2024 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318) has again received a "Low Risk" ESG Risk Rating from Sustainalytics, ranked first in Mainland China's insurance sector.
- With a risk rating score of 17, this is the second time Ping An received a "Low Risk" ESG Risk Rating, confirming the superb ESG risk management capability of the Group.
- Sustainalytics is one of the world-leading ESG research institutions, it has developed ESG risk rating and assessment systems for various industries, to provide a comprehensive analysis of companies' exposure to industry-specific material ESG risks and their risk management capabilities.
- Its ESG risk rating is divided into five levels, namely negligible risk (0-10 points), low risk (10-20 points), medium risk (20-30 points), high risk (30-40 points) and severe risk (40 points and above), with lower score means lower ESG risk.