Potential offtaker

Ping An Insurance (Group) Company of China Limited

www.pingan.cn

Estimated electricity consumption

N/A

Countries of production presence

N/A

Ping An Insurance Group Co-H is a Chinese multinational conglomerate that operates in the life insurance sector. The company was founded in 1988 and is headquartered in Shenzhen, China. Ping An Insurance Group Co-H has grown to become one of the largest insurance companies in the world, with a market capitalization of over $200 billion.

The company's core business is life insurance, but it also operates in other sectors such as property and casualty insurance, banking, asset management, and healthcare. Ping An Insurance Group Co-H has a strong focus on technology and innovation, and has been recognized as one of the most innovative companies in the world.

As a large multinational corporation, Ping An Insurance Group Co-H has a significant impact on the environment and the global economy. The company has recognized the importance of decarbonisation and has taken steps to reduce its carbon footprint and promote sustainable practices.

One of the ways that Ping An Insurance Group Co-H is promoting decarbonisation is through its corporate energy strategy. The company has implemented a range of energy efficiency measures across its operations, including the use of renewable energy sources such as solar and wind power.

In addition to its energy efficiency measures, Ping An Insurance Group Co-H has also entered into corporate power purchase agreements (PPAs) for renewable energy. These agreements allow the company to purchase renewable energy directly from generators, reducing its reliance on fossil fuels and supporting the growth of the renewable energy sector.

Ping An Insurance Group Co-H has also invested in renewable energy projects, such as wind farms and solar power plants. These investments not only support the growth of the renewable energy sector but also provide Ping An Insurance Group Co-H with a reliable source of clean energy for its operations.

Overall, Ping An Insurance Group Co-H is committed to promoting decarbonisation and sustainable practices across its operations. The company's focus on renewable energy and energy efficiency measures is a positive step towards reducing its carbon footprint and promoting a more sustainable future.

✓ Declared Net Zero commitment