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Ping An Launches Upgrade of Green Finance Activities to Support China s Goal of Carbon Neutrality

Ping An Launches Upgrade of Green Finance Activities to Support China s Goal of Carbon Neutrality nd annual Earth Day, it has issued A Letter from Ping An to the Earth , announcing a comprehensive upgrade of green finance activities and setting quantitative green finance performance targets. Through its financial product and service innovations, Ping An will support China s goal of achieving carbon neutrality by 2060, help combat global climate change, and promote sustainable social development. Setting green finance performance targets In the letter, Ping An proposes a series of performance targets for green finance, leveraging the Group s strengths in finance, including green insurance, green investment and green credit. It also commits to adopting measures to support green growth and sustainable development. Ping An is committed to becoming the world s leading green finance group, helping China achieve its CO2 emission peak by 2030 and carbon neutrality targets by 2060.

China s Largest Insurer Sets 4 Major Sustainability Goals

China’s Largest Insurer Sets 4 Major Sustainability Goals (Credit: Pixabay) Ping An Insurance, China’s largest insurer, has announced a set of green finance activities and has set quantitative performance targets for each. Through its financial product and service innovations, Ping An is hoping to support China’s goal of achieving carbon neutrality by 2060, help combat global climate change, and promote sustainable social development. Setting green finance performance targets Ping An stated that it will fully support the government’s approach to transform to a green economy by offering financial incentives for green projects, such as preferential credit interest rates and insurance rates, asset allocation tilting and training, mentoring and other value-added services. It will support innovations in clean technology, renewable energy, energy efficiency, energy technology, carbon capture and ecological carbon sinks, carbon trading and other environmental fields.

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