Core Viewpoint - China Life Insurance Company has made significant strides in enhancing its ESG performance, achieving an MSCI ESG rating of A, the highest level in the domestic life and health insurance industry [1] Group 1: ESG Performance and Initiatives - The company has actively responded to national strategies regarding rural revitalization, focusing on five key areas: industry, talent, culture, ecology, and organization [1] - In 2024, the company provided agricultural life insurance coverage for 270 million people, with an insurance amount of 32.5 trillion yuan, and paid out 15.8 billion yuan to 4.63 million people [1] Group 2: Insurance Product Development - China Life has developed a comprehensive rural revitalization product system that includes life, health, medical, and accident insurance to meet the diverse needs of rural populations [2] - In 2024, the company launched four targeted rural revitalization products and developed the "Jiaxiangbao" and "Xiang'anbao" series to provide tailored insurance coverage for rural residents [2] Group 3: Industry and Consumption Support - The company is enhancing industrial support by increasing financial assistance to impoverished areas and promoting the development of local industries [3] - In 2024, China Life invested 31 million yuan in consumption support initiatives to facilitate the procurement and sale of agricultural products [3] Group 4: Talent Development - The company is addressing talent needs in targeted assistance areas by organizing training programs for local leaders and technical personnel to foster a skilled workforce for rural revitalization [4] - It is also creating employment opportunities for low-income individuals in the insurance sector through vocational education and sales training [4] Group 5: Organizational Support for Rural Revitalization - China Life is strengthening its organizational framework by increasing the number of support personnel to 1,027 in 2024, ensuring effective assistance for rural revitalization efforts [5] - The company has established a comprehensive assessment and supervision system to monitor the effectiveness of its rural revitalization initiatives [6] Group 6: Impact and Recognition - The "Anti-Poverty Four Guarantees" project has been recognized as a best practice in poverty alleviation, with 5.546 million yuan in insurance coverage and 4.663 million yuan in claims paid out [7] - The company has actively engaged in community support activities, including providing winter supplies to rural households and offering medical insurance to low-income farmers [7] Group 7: Future Commitment - China Life aims to be a key player in the multi-tiered social security system and will continue to focus on its ESG strategy, emphasizing sustainable development and responsible corporate governance [8]

Core Viewpoint - The integration of ESG (Environmental, Social, and Governance) principles into the development strategies of insurance institutions is becoming increasingly prevalent, with companies like China Life Insurance actively pursuing sustainable development goals and innovative ESG investment mechanisms [1][2]. ESG Strategy and Implementation - China Life Insurance aims to become a world-class, responsible life insurance company, focusing on a human-centered approach and creating value for society through its ESG strategy [1]. - The company has established a comprehensive ESG management framework, which is maturing as it aligns with international standards while incorporating Chinese characteristics [1][2]. Green Investment Initiatives - China Life is enhancing its green finance product offerings and has invested in various green projects, including green transportation and low-carbon initiatives along the Belt and Road [3][4]. - The company has committed 5 billion yuan to green equity investment plans, which are certified as green investments, contributing to significant reductions in carbon emissions [4]. Responsible Investment Leadership - China Life has been a pioneer in responsible investment within the insurance sector, being the first domestic insurance asset management institution to sign the PRI (Principles for Responsible Investment) in 2018 [5]. - The company actively participates in platforms aimed at accelerating green and low-carbon transitions for Chinese enterprises [5]. Rural Revitalization Efforts - The company is committed to supporting rural revitalization and regional economic development, aligning its efforts with national strategies [7]. - In 2024, China Life allocated 31 million yuan for consumption assistance projects to boost economic development in impoverished areas [7][8]. Insurance Product Development - China Life has developed targeted insurance products for rural populations, addressing specific risks and needs, with significant coverage expansion in 2024 [8]. - The company has implemented a comprehensive insurance system in collaboration with local governments to provide extensive protection against various risks [8]. Corporate Governance and Risk Management - China Life is continuously optimizing its corporate governance structure and enhancing risk management to support sustainable development [9][10]. - The company emphasizes compliance and effective communication with investors, conducting numerous meetings and maintaining transparency about its operations and strategies [9][10]. Recognition and Achievements - China Life's ESG practices have received widespread recognition, including high ratings from international agencies, reflecting its commitment to responsible business practices [2][11].