CPIC(601601) 第一财经·2025-04-03 01:03Core Viewpoint - China Pacific Insurance (CPIC) has made significant strides in financial performance and sustainable development in 2024, achieving a notable ESG rating upgrade to AA from MSCI, the highest for mainland Chinese insurance companies, positioning itself among global leaders in sustainable performance [1][2]. Group 1: Sustainable Development Foundation - The "top-level design" is crucial for the successful implementation of sustainable development strategies, with CPIC establishing a clear governance structure since 2020 [2]. - In 2024, CPIC's governance system was further refined, enhancing the foundation for sustainable development [2]. - CPIC has developed a comprehensive set of ESG management guidelines, including the "Investment Activity Due Diligence Management Guidelines" and "Carbon Inventory Management Measures," which support ESG management across all operational levels [2][3]. Group 2: Innovation in Sustainable Development - Innovation is a key driver for CPIC's sustainable development, with the term "innovation" appearing over 50 times in the 2024 sustainability report [4]. - In the technology finance sector, CPIC launched the "Pilot Project Cost Loss Insurance," the first of its kind in China, providing risk coverage for technology enterprises [5]. - CPIC's green finance initiatives include launching over 30 innovative green insurance products and achieving a green investment scale exceeding 260 billion yuan [6]. Group 3: Social Responsibility and National Strategy - CPIC plays a vital role in national strategies, providing comprehensive insurance solutions for major events like the China International Import Expo, with coverage exceeding 12.7 trillion yuan [8]. - The company has supported the Belt and Road Initiative by providing risk coverage exceeding 3 trillion yuan across over 1,200 projects globally [8]. - In social welfare, CPIC has expanded its health insurance services, covering over 9 million people and contributing 17.57 million yuan to rural revitalization efforts in 2024 [9][10].