Ping An Insurance has been selected for the 2019 Dow Jones Sustainability Emerging Markets Index (DJSI), released on September 23. According to Ping An, it is the first insurance company from mainland China to be selected on the index.
DJSI, launched in 1999, tracks the sustainability of global listed companies. It is one of the most trusted sustainability indices in the capital market for large international institutional investors. In a statement, Ping An said that it is one of only two companies from mainland China that were selected for the DJSI.
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According to Ping An, it actively practices corporate social responsibility, especially in rural communities in China, and has established an environmental, social and governance (ESG) management system that takes into account both international and Chinese standards. Last month, Ping An became a signatory of the United Nations-supported Principles for Responsible Investment (PRI), and was the first asset owner in China to join.
The company’s ESG policy, it said, covers core issues such as business code of conduct, corporate governance, responsible investment, sustainable insurance, information security, AI governance, sustainable supply chain, and compliance with the United Nations’ Sustainable Development Goals.
“Ping An aims to achieve mutual sustainable development with all of its stakeholders,” said Richard Sheng, board secretary and brand director of Ping An. “We want to be a force for good for sustainable development in China and other parts of the world.”