Ping An warns investors on ESG ratings

Dec 8, 2020

The Chinese insurance group says there are “perverse incentives” for selective non-disclosure of climate risks, which could potentially lead to greenwashing.

Chinese insurance and investment firm Ping An has urged a cautious approach to environmental, social and governance (ESG) ratings as some may reward opaqueness in climate risk disclosure, and said there was evidence of “systematic greenwashing” among high-emission companies.

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