SOCIAL
Ping An is dedicated to solving social issues with our own influence.
Social
Our Rural Community Support program boosts industry revitalization, healthcare and education in rural areas.
Ping An promotes equality and diversity, protects employees’ rights and welfare, and provides opportunities for development.
Diversity
Ping An formulated the Board Diversity Policy to ensure a balanced mix of qualifications, cultural backgrounds, experiences, education, age, and gender to offer a wide range of perspectives, facilitate efficient and effective operations, and maintain high standards of corporate governance.
Ping An's directors possess exceptionally high professional qualifications and extensive practical experience in corporate management, law, investment, actuarial science, insurance, banking, finance, accounting, technology, and economics, both domestically and internationally. The representation of female directors stands at 20%, surpassing the requirements of the Hong Kong Stock Exchange.
Independence
According to the Company Law of the People's Republic of China, the proportion of independent directors shall not be less than one-third of the total number. Currently, the representation of independent directors stands at 40%, exceeding the requirements of China’s company law, the Hong Kong Stock Exchange, and the Shanghai Stock Exchange.
In addition, Ping An's Supervisory Committee oversees the performance of Directors. The oversight conducted by the Supervisory Committee effectively balances the power of the Board of Directors and safeguards the legitimate rights and interests of the Company and shareholders. Notably, Ping An was the first Company in China to introduce Independent Supervisors.
For more details, please refer to the “Ping An Group Employee and Agent Rights and Benefits Policy”.
To support the national poverty eradication strategy and adhere to the concept of impact investment that takes into account social benefits with corporate returns, Ping An launched the “Ping An Rural Communities Support” project in early 2018. The “Ping An Rural Communities Support” Project comprises of the Village Officer Program, the Village Doctor Program, and the Village Teacher Program, aimed to strengthen rural industries, healthcare, and education developments with business returns.
“Ping An Rural Communities Support” has raised customer satisfaction and brand reputation along with financial returns. The company has also developed our own “impact investment” model that created a benchmark for national industrial poverty alleviation in establishing agricultural loans, safe water and electricity loans, and Ping An agricultural insurance.
Ping An will continue to support national targets of poverty elimination by developing business, healthcare, and education systems in rural China.
Ping An aims to extend sustainability to the entire value chain and optimize management along with all partners.
Sustainability and risks not only involve the company itself, but also all players within the value chain. The goal of “sustainable supply chain“ is to achieve long term cooperation and win-win situations for all parties involved with proper business management and regulations. Ping An has many complex and involved relationships with its business and ecological partners. As the Group’s business development and cooperation intensify, upstream and downstream relationships within the entire supply chain will become even more complicated. Ping An has integrated sustainability requirements into the closed-loop supply chain management from supplier selection, cooperation approval, process management, throughout to tracking and feedback. Ping An focuses on suppliers’ performance in sustainability including environmental protection and employees’ rights.
Ping An manages the suppliers based on the principles of integrity, transparency, and compliance, and has established clear disciplinary actions and complaint mechanisms to maintain integrity and fairness.
For more details, please refer to the “Ping An Group Sustainable Supply Chain Policy”.