23 central mainstream media surveyed and interviewed China Life Green Investment
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From April 19th to 20th, China Life Insurance held “Study, publicize and implement the spirit of the 20th National Congress of the Communist Party of China—China Life’s green investment, high-quality service and green development“Media research interviews and news release activities. This activity is undertaken by the asset company of the group, People’s Daily, Xinhua News Agency, Economic Daily, People’s Political Consultative Conference, Securities Times, China Securities Journal, Shanghai Securities News, Financial Times, Bank of China Insurance News , China Youth Daily, etc.23 central mainstream mediaParticipate in, go deep into China Life’s green investment beneficiary project, learn more about the advantageous role of insurance funds in the field of green investment, and witness China Life’s injection of financial vitality into “green water and lush mountains”, adding strong impetus to the realization of the “double carbon” goal.
In the press release on the morning of April 19, Zhao Jun, the vice president of China Life Asset Company, systematically introduced the situation of China Life Asset Company in terms of asset allocation, product investment, risk management, and technology operations, and pointed out that the company is about to usher in the 20th anniversary of its establishment. At the important moment of the anniversary, the scale of assets under management hasExceeded 5 trillion yuanMark is a well-deserved pioneer and leader in the domestic insurance asset management industry. Liu Fan, Assistant President of China Life Asset Management Co., Ltd., introduced the first innovations and explorations of China Life Asset Management in the field of ESG/green investment, as well as the ESG/green investment management system. Du Chunqin, the chief accountant of China Nuclear Power Co., Ltd., the representative of the invested company, shared the situation of corporate financing and green energy projects.As of the end of the first quarter of 2023, China Life Group’s green investment stock scaleOver 460 billion yuanof which the scale of green investment of asset companies under the Group is nearly370 billion yuan.
In recent years, China Life has resolutely implemented the major decision-making and deployment of the Party Central Committee on realizing “carbon peak and carbon neutrality”, actively served the construction of ecological civilization and the green transformation and development of the economy and society, practiced the concept of green investment, and actively connected with the internationally accepted ESG/ Green investment principles, strengthen overall planning, systematic promotion, create a “green engine” plan, and form a “green engine” planSound mechanism,Distinctive features,Excellent ability,Multiple services,Efficient operation and maintenance“Five-in-one development of new kinetic energy. As the main force and ballast stone of the group’s green investment, China Life Assets will issue green bonds by the end of the first quarter of 2023.Over 240 billion yuanGreen Alternative ProjectOver 100 billion yuanholding positions in green corporate stocksOver 16 billion yuan.
Deploy forward-looking strategies, actively and steadily promote carbon peak carbon neutrality
As early as November 2018, China Life Asset Company signed a contract to join the United Nations Principles for Responsible Investment (UNPRI), becoming the first insurance asset management company in China to sign the principles and practice the ESG/green investment philosophy. After joining the organization, the company has effectively promoted the implementation of the PRI initiative. At present, it has fully integrated the ESG/green investment concept in the investment process, and promoted the company to continuously optimize and improve the ESG/green investment strength. After the Party Central Committee made the strategic decision of “carbon peak carbon neutrality”, the company clearly proposed to take green investment as the eternal theme, long-term track and strategic main line, and systematically incorporated it into the company to implement the overall work system and “six-step method” of the Party Central Committee’s decision-making and deployment The working mechanism has been adhered to for a long time and promoted normally, and at the same time fully integrated into the company’s “14th Five-Year Plan” development planning framework, as an important starting point for cultivating new opportunities, seeking new chapters, and opening new games.
Explore innovative mechanisms and take multiple measures to build a green investment system
In order to strengthen the guarantee of the organization and mechanism of green investment, China Life Assets Co., Ltd. has carried out many first innovations and explorations in the field of green investment, and gradually established a set of green investment management system.The company specially established the “ESG/Green Investment Management Committee” to strengthen the overall management of major issues of green investment, effectively improve the promotion efficiency and coverage of green investment; research and formulate industry organizationsfirstESG/Green Investment Internal Guidance Rules Document – “China Life Asset Management Co., Ltd. ESG/Green Investment Basic Guidelines》, further carry out top-level design and overall planning for the company’s ESG/green investment, improve the systematicness, integrity and sustainability of ESG investment work, and promote ESG investment “from point to line” and “from line to surface”; in the industry It is the first in China to establish an ESG evaluation system and implement evaluation practices, which has a leading demonstration role in the insurance asset management industry; entrusted by the China Banking and Insurance Regulatory Commission and the Asset Management Association, led the industry to study and draft the “ESG Investment Guidelines for Insurance Funds》, raising the company’s best practices to an industry consensus, rules and standards, and fully demonstrating its leading position in the market.
Enrich investment practices and vigorously improve the quality and efficiency of green financial services
China Life Assets Co., Ltd. has established and improved the “two-line allocation” methodology system that includes green investment tasks. In the two-level decision-making of strategic and tactical allocation, it will implement the organic integration of the main line of decision-making and deployment of the Party Central Committee and the main line of investment guidelines of the entrusting party to form an optimal allocation. plan, and promote the implementation in an integrated way in the actual investment.On the basis of fully accumulating practical experience in green investment, the company has solidly promoted product innovation and enriched the output of achievements. By the end of the first quarter of 2023, the company’s stock equity investment in green projectsover 30, The investment fields involve hydropower, wind power, photovoltaics, energy-saving transformation of traditional energy sources, etc., and vigorously consolidate the foundation of green energy. The breadth and depth of the green investment field are at the leading level in the industry.In addition, the company also launched the domestic insurance asset management industryfirstESG bond index and equity index provide effective market price trend information and reference benchmarks for investors to practice ESG investment philosophy.
During the press release, media reporters also conducted in-depth exchanges with China Life Assets on issues such as policy standards, model systems, comparative advantages, income, and integration with rural revitalization for insurance funds to carry out green investment.
From the afternoon of April 19th to 20th, the media went to Lingchuan Wind Farm in Guilin City, Guangxi and Fuchuan Wind Farm in Hezhou City to investigate their financing, construction and operation. In 2022, China Life Assets Company initiated the establishment of the “China Life-China Nuclear Power No. 1 Equity Investment Plan“Successfully completed the fundraising and issuance, with2.053 billion yuanStrategic capital increase of CNNC Huineng Co., Ltd., a subsidiary of China National Nuclear Corporation, becoming the largest strategic investor and second largest shareholder of CNNC Huineng. The funds raised are mainly used for the development and construction of new energy power generation projects such as CNNC Huineng’s photovoltaic and wind power projects. , In 2022, the on-grid power of CNNC Huineng will increase year-on-yearOver 51%equivalent to a reduction in carbon dioxide emissions10.45 million tons.The two power plants surveyed by the media this time are the core new energy projects of China Nuclear Power Huineng in Guangxi. Among them, the annual on-grid power of Lingchuan Wind Farm ranks among the wind farms in GuangxiNo. 1can save the society every year36,900 tonsstandard coal.
The Chinese-style modernization path is a modernization path in which man and nature coexist harmoniously. Promoting green development and promoting the harmonious coexistence of man and nature are the essential requirements of Chinese-style modernization. China Life will comprehensively study, publicize and implement the spirit of the 20th National Congress of the Communist Party of China, continue to be guided by Xi Jinping’s ecological civilization thought, keep in mind that “lucid waters and green mountains are golden mountains and silver mountains”, actively leverage the advantages of insurance funds, actively integrate into the overall situation of the country and the needs of long-term development, and run We will strive to become an important “booster” to serve the green transformation of the country’s economic and social development, and strive to contribute wisdom and strength to green investment to support green development and green finance to empower a beautiful China.
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