Blockchain
Ping An Releases 2019 Sustainability Report Becoming an Active Global ESG Influencer
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) has published its 2019 Sustainability Report, highlighting the Group’s achievements and milestones in improving environmental, social and governance (ESG) performance in the past year, and its efforts in becoming an active global influencer in ESG.
Highlights of Ping An’s sustainability achievements include:
Better serve the real economy
Ping An provided risks protection for over 1,000 major projects of the Belt and Road Initiative and the development of the Greater Bay Area, served over 3 million small and micro enterprises with integrated financial services such as insurance, loans and financing, and provided over RMB1 trillion in insurance coverage and financing services for farmers and rural enterprises in 2019, providing greater dynamics and efficiency in the real economy.
Tech for Social Good
Powered by “finance + technology”, Ping An is committed to leveraging artificial intelligence (AI), blockchain and other core technologies to develop inclusive finance and its loan balance reached nearly RMB900 billion. Through online consultation and intelligent management solutions, Ping An’s medical technology benefitted over 300 million patients and assisted 14,000 community-level medical institutions and 300,000 doctors in 2019. Ping An integrated the ethical and legal requirements into the product life cycle, in order to ensure the “human-oriented” and “tech for social good” technological development.
Exerting insurance’s nature in risk management
Ping An made more efforts to develop and provide social security products, inclusive financial products and environmental products under the theme of sustainable development. In achieving a stable growth in its insurance performance, Ping An is committed to providing risk protection for social equity and sustainable development. In 2019, Ping An’s sustainable insurance insured amount reached RMB121.21 trillion.
Co-development with employees during fast growth
Ping An attaches great importance to talent attraction, and focuses on cultivating and motivating employees, identifying talents and meeting development needs with technological means. In 2019, the company developed a customized career development and education system with total training amounted to RMB1.096 billion. Meanwhile, we have implemented the core employees stock ownership scheme since 2015 and launched the employee long-term service scheme in 2018. Ping An constantly shares its development achievements with employees to boost the company’s long-term co-development.
Upholding responsible investment and promoting its development in China
Ping An is striving to become a leading responsible investor in China and exploring the global responsible investment market. The Group became the first asset owner signing United Nations-supported Principles for Responsible Investment (UNPRI) in China. In 2019, green investment reached RMB51.245 billion, social and inclusive investment amounted to RMB903.204 billion, the balance of green credit loans reached RMB24.273 billion and the balance of social and inclusive loans amounted to RMB898.921 billion.
Advancing the “Ping An Rural Communities Support” initiative
Ping An furthered the “Ping An Rural Communities Support”. In 2019, regarding the Village Officer Program, the total poverty alleviation fund granted was RMB15.745 billion. For the Village Doctor Program, 949 village and township clinics were upgraded, 554 mobile health checks in countryside were conducted and 11,175 village doctors were trained. Regarding the Village Teacher Program, 11,826 village teachers were trained and 1,054 village primary schools were upgraded.
The Group adopted multi-dimensional and multi-layered methods to achieve poverty alleviation through industry promotion, healthcare and education support, aiming at not only poverty alleviation, but also the sustainable development of the rural population. As of 31 December 2019, Ping An had implemented the “Ping An Rural Communities Support” in 21 provinces or autonomous regions across China, and worked out an innovative poverty alleviation model of “education supporting training, industry-oriented self-sustaining capacity building, One Village and One Product, and production and sales empowering”.
Given the recent outbreak of the 2019 novel coronavirus (COVID-19), Ping An has mobilized resources and assisted in the society’s efforts to control the epidemic. To date, Ping An had donated up to RMB61.5 million to fight the epidemic and provided free insurance for 8 million disease control and medical staff members and 15,000 volunteers. Meanwhile, Ping An had provided an exclusive epidemic relief fund of up to RMB100 million for public security police and auxiliary police force who were at the frontline of epidemic prevention and control. The fund will also help the forces’ families. These efforts are proof of Ping An’s commitment towards social contribution as a responsible enterprise.
Richard Sheng, Secretary of the Board and Brand Director of Ping An said, “Ping An has been improving its ESG performance to promote its comprehensive value in the capital market. We believe that, supported by excellent ESG management and practice, Ping An will achieve better risk management, seize the opportunities to boost the steady development and demonstrate its capacity of creating long-term value for investors.”
Committed to its responsibility to investors, Ping An made remarkable progress in authoritative ESG Ratings. MSCI upgraded Ping An’s ESG rating in 2019. Besides, Ping An became the first insurance company from mainland China to be selected in the 2019 Dow Jones Sustainability Emerging Markets Index. Ping An had also been recognized with a B-level rating in the Carbon Disclosure Project (CDP), which was ranking third among all Chinese companies and first among Chinese financial companies.
SOURCE Ping An Insurance Group Ltd.
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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