Ping An Board Secretary Richard Sheng Speaks at COP27: Ping An Assists China's Energy Transition and Combats Climate Change Risk with Financial Innovation
"Climate is a common challenge faced by all mankind," said
Managing the risks related to climate change is an important part of the Group's long-term development strategy. In its second
For
"Ping An has leveraged its strength of integrated finance and has also scaled up the investment in green industries in terms of investment mix," said
Insurance is one of the major sectors of the financial industry confronting climate change risks, said Mr. Sheng. Ping An's pursuit of innovation in insurance products aims to make insurance an economic "shock absorber" and a social "stabilizer". For example, Ping An has combined
According to Ping An's 2021 TCFD report, less than 2% of the estimated
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