China’s Largest Insurer Sets 4 Major Sustainability Goals
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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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