Ping An Uses Artificial Intelligence to Drive New ESG Investment Strategies
Access to data from alternative sources can uncover hidden risks and opportunities
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HONG KONG and SHANGHAI, Jan. 14, 2021 /PRNewswire/ The Ping An Digital Economic Research Center (PADERC), a member of Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318; SSE:601318), has created four new investment strategies for environmental, social and corporate governance (ESG) investing using Ping An s proprietary CN-ESG data for China A-shares, in light of surging demand in China for ESG ratings and data with wider coverage and a better fit for China s market.
JAPAN
Dai-ichi Life Insurance decided to make an impact investment of ¥100 million ($960,540) in Metcela, a Japanese startup engaging in the development of regenerative medicines for patients with chronic heart failure.
This investment is part of the company’s ESG investment programme. According to its latest annual report, the insurer aims, by 2023, to double its total ESG investments from ¥1.37 trillion ($13.16 billion) in 2019. Dai-ichi Life had ¥36.8 trillion in total assets as of September 2020.
KOREA
The National Pension Service committed a total of $450 million to two North America-focused funds launched by Stonepeak Infrastructure Partners and Macquarie Infrastructure Partners.
New York-based Stonepeak got $250 million from the South Korean state pension scheme last year, while Australia-based Macquarie received $200 million.
Ben Brunt joined Noble in 2005 and has helped develop and lead the organizations highly successful team responsible for investment sourcing, research, due diligence, and execution across its institutional platforms. Ben is a driven, results-oriented leader who has been instrumental in guiding our value-creating investment efforts. Having worked closely with him for over sixteen years, I am confident that he will continue to provide strong judgment and diligent stewardship as we broaden the depth and breadth of our investment strategies, said Shah.
Founded in 1993, Noble is a minority-owned, industry-leading real estate investment manager specializing in making income and value-add investments in upscale hotels throughout the United States. Through its private real estate funds, Noble has invested $4 billion in communities throughout the country, creating thousands of jobs.more information
Jim Conley joined Noble in 2006 as Chief Financial Officer. In his new role, he will oversee the administration of the firm s regulatory and compliance function. He will also support the data collection and measurement of Noble s environmental, social, and governance initiatives along with the firm s duties as a signatory to the United Nations Principles of Responsible Investment.
Founded in 1993, Noble is a minority-owned, industry-leading real estate investment manager specializing in making income and value-add investments in upscale hotels throughout the United States. Through its private real estate funds, Noble has invested $4 billion in communities throughout the country, creating thousands of jobs.more information
George Dabney joins Noble s team as a Principal and Chief Financial Officer. Since 2001, George has served as Managing Director and Chief Financial Officer of Brookfield Hotel Properties (formerly known as Thayer Lodging), the hospitality platform for Brookfield, a $575 billion global alternative asset manager, where he was a member of the firm s Investment Committee and had primary responsibility for financial administration, treasury, and investor relations. George earned his MBA in Financial Management from the University of Maryland, holds a BA in Accounting from Penn State University and started his career at Ernst & Young as a CPA. In 2019, Penn State s School of Hospitality Management honored him with their Alumni of the Year Award.