| Since the human society entered the era of rapid industrial development in the20 th century,people have gradually shown unprecedented high attention to sustainable development in the world.Then the traditional idea of measuring the competitive strength of enterprises with profitability began to change to the direction of sustainable development ability of enterprises.The concept of ESG comes into being under such a background,and rapidly develops into a kind of enterprise evaluation system recognized and advocated internationally.It generally refers to the non-financial performance of enterprises in the aspects of environment,society and governance,and is an evaluation standard concerned with the sustainable operation ability of enterprises.Nowadays,under the proposal of "30·60" carbon peak and carbon neutral goal,high-quality economic development needs to plug in "green wings" in order to achieve stable and long distance and fly higher and higher.The sustainable development of enterprises also needs to follow the concept of ESG,spreading wings and flying high.The insurance industry,as an important part of the financial economic market,has functions of loss compensation,economic payment,risk diversification,disaster prevention and loss prevention and financing,which are naturally consistent with the concept of ESG.Therefore,under the background of the "double carbon" goal,we will further study the development of the ESG of the insurance industry.We will integrate the concept of ESG into the operation practice of the insurance industry,which will better play the characteristics of its industry,promote the sustainable development of our insurance industry,It is of great significance to help the development of ESG in the whole society and realize the goal of "double carbon".So,why should our country insurance industry carry out ESG strategy? What is the exploration and practice of ESG and its evaluation system at home and abroad?Where is the problem of ESG development of the insurance industry in our country?How to select the ESG evaluation index of our insurance industry? How is the ESG evaluation of our listed insurance company? Our insurance industry ESG develops and how the healthy sustainable development? This paper innovatively starts from the perspective of the development of ESG in the insurance industry,defines the core factors of ESG,applies ESG to the development of the insurance industry as a whole,and studies the above six aspects.It mainly studies the construction of ESG evaluation system index of Chinese insurance industry,and analyzes it with empirical analysis.Comparative analysis method is used to select representative domestic and foreign ESG rating systems respectively to illustrate the comparison.On this basis,ESG evaluation system indexes of the Chinese insurance industry are selected and constructed,and qualitative and quantitative analysis methods are used to carry out qualitative and quantitative selection of indexes.Among them,the innovation of index selection lies in: combining the characteristics of China’s national conditions,the functional differences of insurance risk allocation,investment and financing with the existing index system and recognized index criteria,and innovating the index selection from the characteristics of the insurance industry,targeted poverty alleviation,and education on Party building and clean government;Finally,it constructs the environmental dimension with 3 themes and 8 key indicators,the social dimension with 7 themes and 21 key indicators,the corporate governance dimension with 3 themes and 7 key indicators,and the index of insurance ESG evaluation system with 3 dimensions,13 themes and 36 key indicators.The entropy weight method and grey correlation analysis method are used to construct the model.Ping An Group of China is selected as the object of empirical research.Through analyzing the ESG-related information disclosure in the Sustainable Development Report of Ping An of China from 2018 to 2021,relevant key index data are obtained,and the empirical application analysis is completed by combining the comprehensive analysis model.Through empirical analysis,it calculated the degree of attention(i.e.,weight)of Ping An China to the key indicators constructed.The analysis concluded that Ping An China has a good overall practice of ESG concept,indicating that the index system constructed in this paper has certain application value.The research also found that there are problems in the development of ESG in insurance industry,such as the lack of ESG concept,no unified authoritative ESG evaluation system and insufficient ESG information data.Finally,this paper puts forward some reasonable suggestions on ESG information disclosure regulation,ESG concept of insurance industry,ESG evaluation system development and database construction. |
