Ping An is the First Chinese Asset Owner Signatory to Climate Action 100+

Group Committed to Tackling Climate Change with over 420 Investors Worldwide HONG KONG and SHANGHAI, Jan. 3, 2020 /PRNewswire/ --A Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) announced that the Group has joined Climate Action 100+, an investor initiative launched in 2017 to ensure the world's largest corporate greenhouse gas emitters take necessary action on climate change. Ping An is the first Chinese asset owner signatory to Climate Action 100+. The Group's decision to join the initiative highlights the growing momentum in investor environmental stewardship in China and across Asia. Currently, more than 420 investors across the world with more than USD38 trillion in assets under management have signed on to Climate Action 100+. Fiona Reynolds, CEO of Principles for Responsible Investment (PRI) said, "We are delighted to welcome Ping An to Climate Action 100+. As an influential long-term investor, its commitment and leadership will be vital to accelerating action on climate change in China and beyond. We look forward to working with Ping An."In September 2019, Ping An signed up to PRI, making it the first Chinese asset owner signatory. This marked a major milestone in the development of environmental, social and governance (ESG) and responsible investing in China.
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