“Ping An introduces ESG Smart Rating System in China” – Verdict – June 23, 2020

On June 23, 2020 Verdict reported that “Ping An Insurance has introduced its responsible investment system to promote Environmental, Social and Governance (ESG) investing and encourage long-term value creation in China’s capital market.

CN-ESG Smart Rating System created by the company offers a suite of China-specific smart ESG investment tools.

The system will assist companies to better understand and scale up their ESG performance and disclosure standards while also helping to eliminate ESG-related risks.

Furthermore, it will identify new value of companies, and offer supplementary information to facilitate investment decisions in order to find investment-worthy industries and companies.

The CN-ESG system is powered by artificial intelligence (AI) technologies including natural language processing, remote sensing image analysis and machine learning.  These technologies will enhance high-frequency assessment to support timely investment decisions.

Companies in China got off to a late start in ESG information disclosure, compared to companies in other major capital markets, the company noted.”

You may read the article on the Verdict internet site.