Ping An Bank Co Ltd 2021 SR
The report highlights Ping An Bank's strategic commitment to green finance and its goal of building a "green bank" to support China's carbon neutrality targets. In 2021, the bank established a Green Finance Office and a specialized Green Finance Business Department, leading to a 199.6% increase in green finance business to RMB 113.727 billion. Key innovations included the launch of "Low-carbon Home" personal carbon accounts and the first co-branded credit card for new energy vehicles in China. The bank also conducted climate risk stress testing and carbon accounting for loans in five carbon-intensive industries. Environmental performance data shows significant reductions in CO2 emissions and water savings through its green credit portfolio.
Company: Ping An Bank Co Ltd
Sector: Financials
Country: China
Year: 2021
Type: SR
Pages: 37
Ping An Bank Co Ltd
Environmental Information Disclosure Report
The report highlights Ping An Bank's strategic commitment to green finance and its goal of building a "green bank" to support China's carbon neutrality targets. In 2021, the bank established a Green Finance Office and a specialized Green Finance Business Department, leading to a 199.6% increase in green finance business to RMB 113.727 billion. Key innovations included the launch of "Low-carbon Home" personal carbon accounts and the first co-branded credit card for new energy vehicles in China. The bank also conducted climate risk stress testing and carbon accounting for loans in five carbon-intensive industries. Environmental performance data shows significant reductions in CO2 emissions and water savings through its green credit portfolio.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Water Consumption
Net Zero Target