Ping An establishes China’s first charitable trust for mangrove ecosystem conservation to promote sustainable development

 Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An”, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318) established the Ping An Biodiversity and Environmental Conservation Charitable Trust (hereinafter “the Trust”) at a signing ceremony in Shenzhen. It is the first charitable trust in China to focus on the conservation of mangrove ecology and aims to protect biodiversity, and promote ecological conservation and sustainable development. The Trust was initiated with a donation of RMB10 million from the Shenzhen Ping An Public Welfare Foundation, with Ping An Trust as the trustee. The Shenzhen Mangrove Wetlands Conservation Foundation is the charitable project manager.

In September 2023, the world’s first international mangrove center was launched in Shenzhen. Ping An has been at the forefront of green finance and services, demonstrating its commitment to sustainable innovation through the establishment of China’s first mangrove carbon sink index insurance. The establishment of the Trust follows Ping An’s launch of mangrove carbon sink insurance, furthering the Group’s exploration and implementation of ESG principles and sustainable development. The Trust is perpetual and provides funding for initiatives such as mangrove ecosystem protection and restoration, waterbird ecological corridor construction and science education etc.

Chen Yao, General Manager of the Brand Department of Ping An Group, has expressed an eager anticipation for a collaborative approach with the Mangrove Foundation and other societal entities. The joint aspiration is to pave the way with innovative efforts in mangrove ecological conservation while fostering international dialogue and the sharing of best practices.

To promote sustainable development and facilitate harmonious coexistence between humans and nature, Ping An has expanded its activity in green finance and actively participates in public welfare activities for biodiversity protection. Ping An launched China’s first “carbon neutrality” charitable trust –  “Ping An Carbon Neutral Green Finance Development Charitable Trust,” to support and promote green and low-carbon projects. Together with Nujiang Prefecture in Yunnan Province, Ping An is jointly building the Gaoligong Mountain, the Sound of Ping An Exhibition Center, which is located in Nujiang Baihualing Lisu Music Town, calling on everyone to participate in the protection of natural biodiversity. As of the end of June 2023, Ping An’s green investment scale reached RMB140.929 billion, with a green loan balance of RMB134.926 billion.

Ping An will continue to implement ESG responsible investment concepts. By utilizing financial instruments to empower green development and by employing financial acumen to create innovative public welfare model, the Group aims to strengthen the integration of finance, environmental conservation, and social development, thereby underpinning comprehensive sustainable development across society.

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