Each year, S&P publishes the Global Sustainability Yearbook, the world’s most comprehensive publication of its kind, based on information gathered through the S&P Global Corporate Sustainability Assessment (CSA). The CSA is an annual assessment of companies’ sustainable development practices. This is the second time that Ping An has been recognized in the Yearbook. To be listed in the book, companies must be in the top 15% of their industry and must achieve an S&P Global ESG (environmental, social and corporate governance) score of less than 30% of the company’s highest. more efficient in their sector. In 2021, the CSA assessed more than 7,500 companies, collecting 13.4 million data points across 61 sectors. Only 716 top-scoring international companies were included in the 2022 directory, including five companies from mainland China.
S&P Global said the time and effort Ping An invests in addressing the world’s biggest sustainability challenges sets the company apart from its industry peers.
Driven by its sustainability strategy, Ping An has incorporated core ESG philosophies and standards into its corporate governance and management framework. It has established a scientific and professional sustainability management framework to guide its business practices.
In terms of environmental impact, Ping An released its second climate risk management report in 2021 in accordance with the recommended framework of the
Ping An has adopted global best practices in governance. The Group has implemented a distinctive “251” risk management system to prevent and resolve major financial risks: 2 refers to the management and control system for the double risk matrix of the group and the subsidiaries; 5 refers to information security risk, asset quality risk, liquidity risk, operational compliance risk and brand reputation risk; and 1 refers to a collaborative risk management and control platform of unified standards and requirements for the Group’s overall risk governance structure, management system and information systems.
In terms of social responsibility, Ping An continues to advance Ping An’s rural community support program. Since the program’s launch in 2018, Ping An has provided
Ping An said it is a great honor to be included in the S&P Global Sustainability Yearbook 2022. Going forward, the Group will adhere to its sustainability philosophy and continue to integrate ESG into the development of the company. to improve risk management and achieve stable business growth to create long-term value for investors.
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