Ping An Insurance (Group) Company of China (Ping An) has again received a “Low Risk” ESG Risk Rating from Sustainalytics, and ranked first in mainland China’s insurance sector.
With a risk rating score of 17, this is the second time Ping An received a “Low Risk” ESG Risk Rating, confirming the ESG risk management capability of the Group, Ping An says in a statement.
Sustainalytics identified six material ESG issues as having a material impact on Ping An’s operations, including corporate governance, data privacy and security, business ethics, human capital, product governance and ESG integration-financials. It assessed Ping An’s risk exposure and risk management in these six spheres.
Sustainalytics said, “Ping An’s overall management of material ESG issues is strong. Ping An’s attainment of ISO 27001 certification, an information security best practice, underscores its commitment to safeguarding data integrity. The coordination of information security efforts by its technology development committee further enhances its privacy management. On the business ethics front, Ping An has assigned the responsibility for managing business ethics and anticorruption to the…
