Ping An Creates China’s First Charitable Trust For Mangrove Conservation

To promote sustainable development China’s Ping An Insurance Group (Ping An) has established the Ping An Biodiversity and Environmental Conservation Charitable Trust. The vehicle is the first charitable trust in China to focus on the conservation of mangrove ecology and aims to protect biodiversity and promote ecological conservation and sustainable development.

The Trust was initiated with a donation of RMB10 million from the Shenzhen Ping An Public Welfare Foundation, with Ping An Trust as the trustee. The Shenzhen Mangrove Wetlands Conservation Foundation is the charitable project manager.

The establishment of the Trust follows Ping An’s launch of mangrove carbon sink insurance, furthering the Group’s exploration and implementation of ESG principles and sustainable development.

Ping An has recently expanded its activity in green finance and actively participates in public welfare activities for biodiversity protection.

The new Trust is perpetual and provides funding for initiatives such as mangrove ecosystem protection and restoration, water bird ecological corridor construction, and science education.

Chen Yao, General Manager of the Brand Department of Ping An Group, said the firm has a collaborative approach with the Mangrove Foundation and other societal entities. The joint aspiration paves the way with innovative efforts in mangrove ecological conservation while also fostering international dialogue and sharing of best practices.

To support and promote green and low-carbon projects in the country, the Group launched China’s first “carbon neutrality” charitable trust –  “Ping An Carbon Neutral Green Finance Development Charitable Trust,” on December 24, 2021.