Ping An Featured in S&P Global's Sustainability Yearbook (China Edition) 2025, Still the Only Mainland Chinese Insurer

HONG KONGand SHANGHAI,May 13, 2025/PRNewswire/ -- Ping An Insurance (Group) Company ofChina, Ltd. ("Ping An", the"Company"or the"Group", HKEX: 2318; SSE: 601318) is featured in S&P Global's Sustainability Yearbook (China Edition) 2025. The Group has been recognized for its outstanding performance in Environmental, Social, and Governance (ESG) practices and sustainable development initiatives, and it is still the the only insurance company from Mainland China included.

For 2025, S&P Global assessed 1,662 companies across 60 industries before selecting 164 high-performing companies for the yearbook. For the insurance industry, the evaluation criteria and weighting included: Environmental (18%, focusing on climate strategy and decarbonization strategy), Social (33%, emphasizing financial inclusion and human capital management), and Governance& Economic (49%, covering business ethics, corporate governance, risk and crisis management, and sustainable finance).Ping Anis the sole representative from Mainland China, and one of only two insurance companies included, underscoring the Group's leadership in sustainable development.

In terms of environmental initiatives,Ping Ansupports green development and low-carbon transformation by leveraging diverse financial services, such as insurance, credit, and investment. In 2024,Ping An'sgreen insurance premium income reachedRMB58.6 billion, representing year-on-year growth of nearly 57%. Green loan balances amounted toRMB157.8 billion, up 13% year-on-year, and green investment of insurance funds reachedRMB124.7 billion.Ping Analso enhanced its climate actions to adapt to the uncertainty of climate change. It actively identified risks and opportunities related to climate change, conducted climate risk scenario analyses, and developed response and transition plans. The Company reduced its operational greenhouse gas emissions by 8% year-on-year in 2024 and purchased 11,612 MWh of green electricity, which effectively avoided about 6,800 tonnes of carbon dioxide equivalent (tCO2e) emissions.

Ping Anhas also made significant social contributions. The year 2024 marked the 30thanniversary ofPing An'scommitment to public welfare education. By the end of 2024,Ping Ansupported the construction of 119 Ping An Hope Primary Schools across the country. It had also recruited 12,708 volunteer teachers, with more than 443,000 volunteer teaching hours, and established various educational scholarships, cumulatively supporting 31,345 students. Leveraging its integrated finance approach,Ping Anactively promoted inclusive finance. As of the end of 2024, Ping An P&C provided more than 2.4 million small and micro enterprises with comprehensive risk protection totaling more thanRMB220 trillionand processed over 900,000 claims, worth nearlyRMB4 billion.Ping An Bankserved 782,000 small and micro enterprise through inclusive loans and issued nearly 260,000 debit cards to rural residents.Ping Analso invested in employee development: in 2024, the Group investedRMB956 millionin training programs, with an average of 49 training hours per employee.

In terms of governance and economic practices,Ping Anadheres to global best practices in corporate governance, emphasizing professionalism, independence, and diversity of its Board of Directors. The Company provides ongoing training for board members on topics such as risk management, digital transformation, information security, and climate management, to continue enhancing its risk control systems and platform infrastructure for healthy business development.Ping Analso places great importance on business ethics. The Company conducted more than 6,000 integrity culture development and anti-corruption awareness campaigns in 2024.Ping Anis also active in sustainable finance: sustainable insurance premium income reachedRMB629.3 billionin in 2024, a year-on-year increase of 13%. Its responsible banking business reachedRMB1.2 trillion, with a compound annual growth rate of 4.5% over the past three years. Responsible investments of insurance funds totaledRMB849.9 billion, a 17% increase from the beginning of the year.

Ping Ansaid that its continued inclusion in S&P Global's Sustainability Yearbook (China Edition) is acknowledgement of the Group's long-term commitment to its sustainable development strategy. Looking ahead,Ping Anwill continue to deepen its technology-driven"integrated finance + health and senior care"strategy, enhance its service and management capabilities, and create long term, sustainable value for customers, employees, shareholders and society.

About Ping An Group

Ping An Insurance (Group) Company ofChina, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven"integrated finance + health and senior care"strategy, the Group provides professional"financial advisory, family doctor, and senior care concierge"services to its nearly 240 million retail customers.Ping Anadvances intelligent digital transformation and employs technologies to improve financial businesses'quality and efficiency and enhance risk management. The Group is listed on the stock exchanges inHong KongandShanghai. As of the end of December 2024,Ping Anhad more thanRMB12 trillionin total assets. The Group ranked 29thin the Forbes Global 2000 list in 2024 and 53rdin the Fortune Global 500 list in 2024. 

For more information, please visitwww.group.pingan.com and follow us on LinkedIn -PING AN.

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SOURCE Ping An Insurance (Group) Company ofChina, Ltd.