Ping An Insurance of China : Bank launches personal carbon accounts Advocating a green and low-carbon lifestyle for consumers marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
HONG KONG and SHANGHAI, May 24, 2022/ PRNewswire/ Ping An Insurance Company of China, Ltd. announced that its subsidiary Ping An Bank has launched a personal carbon account platform, Low Carbon Home. The Low Carbon Home account, jointly developed by Ping An Bank, China UnionPay and the Shanghai Environment and Energy Exchange, is the first carbon account in China to.
HONG KONG and SHANGHAI, May 24, 2022 /PRNewswire/ Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) announced that its subsidiary
(Hong Kong, Shanghai, 24 May 2022) Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that its subsidiary Ping An Bank (SZ:000001) has launched a personal carbon account platform, Low Carbon Home. The Low Carbon Home account, jointly developed by Ping An Bank, China UnionPay and the Shanghai Environment and Energy Exchange, is the first carbon account in China to cover UnionPay credit cards and debit cards.
Measuring individuals’ green behaviors through spending
With a base of 110 million UnionPay users from Ping An Bank, Low Carbon Home collects data on environmentally conscious, or “green”, behaviors upon users’ authorization. The platform calculates users’ personal carbon emission reductions through the methodology of the Shanghai Environmental and Energy Exchange (SEEE). The calculations are based on six major low-carbon behaviors in daily life: traveling by b