Home News Feed Ping An Insurance to stop financing high pollution industries

Ping An Insurance to stop financing high pollution industries

Ping An Insurance Group has become the first major Chinese asset owner this year to openly declare that it will stop financing high pollution and high energy consumption industries as part of its efforts to combat climate change and become an active global influencer in the ESG space, according to The Asset. The insurance giant’s statement, contained in its 2019 sustainability report released on March 5, is perhaps the boldest statement aimed at addressing climate change made by an asset owner from China which still relies on coal power plants for most of its energy requirements.

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