The People's Insurance Co. (Group) of China Ltd.
Industry Group: Insurance
Country/Region: China
Identifier: HKG:1339
With headquarters in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Insurance 257 out of 299
Universe
Global Universe 10807 out of 15104
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Intact Financial Corp. |
19.5
Low
|
77 out of 299 |
| The Travelers Cos., Inc. |
20.5
Medium
|
96 out of 299 |
| The Allstate Corp. |
21.3
Medium
|
109 out of 299 |
| MS&AD Insurance Group Holdings, Inc. |
23.5
Medium
|
141 out of 299 |
| The People's Insurance Co. (Group) of China Ltd. |
30.7
High
|
257 out of 299 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for The People's Insurance Co. (Group) of China Ltd.
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted The People's Insurance Co. (Group) of China Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
