ESG practices empower high-quality development, China Pacific Insurance has released sustainability reports for five consecutive years.

Source: Xinhua Finance

Recently, China Taiping Insurance Group Co., Ltd. (China Taibao) released its “2025 Sustainability Report.” This is also its fifth consecutive year of publishing a sustainability report, built on the foundation of issuing social responsibility reports for 13 consecutive years. The report systematically presents Taibao’s strategic layout, practical achievements, and sense of responsibility in the field of sustainability. With outstanding sustainability practices, China Taibao’s MSCI ESG rating has been upgraded to the highest rating of AAA, setting an industry example for sustainable development.

The report strictly complies with regulatory requirements from the Ministry of Finance of the PRC, the Shanghai Municipal Commission of State-owned Assets Supervision and Administration, and stock exchanges in three locations—Shanghai, Hong Kong, and London. It benchmarks against the IFRS sustainability disclosure standards and international and domestic ESG rating systems, fully addresses the concerns of stakeholders, and demonstrates transparent and compliant governance aligned with international standards.

In 2025, China Taibao advanced sustainability work in a coordinated manner from the strategic level to the execution level. First, it strengthened management foundations and enhanced long-term drivers, improved its ESG governance framework, proactively engaged with international initiatives such as the UN PSI and PRI, and enhanced a sound end-to-end management and assessment mechanism. Second, it advanced a green transformation to create shared value, focused on sustainable insurance, adhered to responsible investment, deepened green operations, strengthened biodiversity protection, and supported the development of ecological civilization. Third, it unleashed innovation momentum and highlighted social responsibility, focused on the well-being of people’s livelihoods, optimized the layout of healthcare and eldercare ecosystem, empowered new quality productive forces, and actively served high-level opening up. Fourth, it strengthened service cooperation to achieve symbiotic outcomes, upheld customer first and people-oriented employee principles, practiced public welfare for good, and rallied collective cooperation forces. Fifth, it deepened efforts to strengthen fundamentals and build a solid foundation for sustainable development, improved corporate governance, strictly guarded the risk and compliance bottom line, and built an information security barrier.

Data shows that in 2025, China Taibao’s cumulative green insurance business provided insurance coverage totaling over 31 trillion yuan, while its green investment scale exceeded 300 billion yuan. It added 5 newly launched pioneering products during the year, and cumulatively developed 40 pioneering products in green-related areas. Focusing on key areas of green and low-carbon transformation such as ecological protection and green transportation, China Taibao innovatively developed multiple pioneering products including CCER Guizhou forestry carbon sink insurance, judicial carbon sink insurance, bamboo forest carbon sink insurance, oyster carbon sink insurance, and more. This has built a full-chain protection system of “loss compensation—ecological restoration.”

Relying on its outstanding sustainability practices, China Taibao won multiple domestic and international honors in 2025. Its MSCI ESG rating was raised to the global highest AAA level. It was successively awarded the “Shanghai Charity Award—Donation Enterprise Award” by the Shanghai Municipal People’s Government, the “2025 Outstanding Enterprise ESG Case” by the Publicity and Education Center of the Ministry of Ecology and Environment, and “2025 Best Practices in Sustainability” by the China Association of Listed Companies. It has topped the 1st place in Caixin’s “China Corporate Social Responsibility List” for 16 consecutive years, as a “Responsibility Role Model,” and its industry leadership position and social influence continue to grow.

Looking ahead, China Taibao states that it will continue to keep in mind “the priorities of the state,” practice “insurance for the people,” and use its three major strategies—large healthcare and eldercare, internationalization, and artificial intelligence plus—as drivers. It will translate sustainability into strong momentum supporting high-quality development, injecting “Taibao strength” into China’s path to modernization. (Deng Kan)

Editor: Ge Mingming