Ping An Life becomes first China insurance company to issue ESG bond index
Drawing on Ping An Life's experience and edge in long-term asset allocation, the index series strives for sustainable investment returns through diversified product innovation. It also aims to encourage more interest in sustainable investment.
The index constituents are bonds with comparatively good credit qualifications. Ping An Life selected them from the top 90% of the ChinaBond ESG Evaluation scored bonds in domestic public listing with remaining maturity of at least three months and which meet screening conditions during the listing period. Ping An Life narrowed the selection of industries for the index constituents. The index will be adjusted in principle on a quarterly basis. As of the end of
To compile the index, Ping An Life uses an international mainstream methodology framework, taking into account the characteristics of
Ping An Life said, "Driven by Ping An's sustainability strategy, Ping An Life has integrated the core philosophies and standards of ESG into its operations and management. The Company adheres to the concept of sustainable investment, and reflects the national strategies to achieve its carbon emission peak and carbon neutrality goals. Ping An Life serves the real economy with financial services and supports the construction of major national green projects and the green transformation of social and economic development." As of the end of 2021, the cumulative scale of Ping An Life's investment in green, inclusive finance and social investments through capital and non-capital markets was approximately
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