Ping An to Test China’s First-Ever Financial Data Center with PUE

HONG KONG and SHANGHAI, August 5, 2022 /PRNewswire/ — Ping An Insurance Company (Group) of Chinaltd. (HKEx: 2318; SSE: 601318) announced that its new Ping An Guanlan No. 3 Data Center has set a benchmark for energy saving and emission reduction technology in China financial data centers, marking a new step towards Ping An’s goal of achieving operational carbon neutrality by 2030. It is the continent’s first financial data center China with a power efficiency (PUE) of less than 1.25, which is expected to save approximately 10.5 million kilowatt hours (kWh) of electricity and reduce carbon dioxide emissions by 6,406 tonnes per year[1].

Data centers are the operating medium of business digitization and the foundation of business development. The PUE is an indicator of the energy efficiency of a data center. Currently in China, the PUEs of financial data centers are generally between 1.6 and 2. The energy efficiency level is better when it is close to 1, which indicates that the majority of the energy of the data center is well consumed by the servers, network equipment and storage devices. Ping An Guanlan No. 3 Data Center is the first-ever financial data center in the country with a PUE of less than 1.25 at 1.2479 PUE.

Construction of Ping An Guanlan No.3 Data Center in shenzhen Started in July 2021. Responding to the needs of the Group over the next five years, the center is capable of serving more than 500 million users of Ping An by processing the data of the Group’s subsidiaries covering the main financial services, including insurance, banking, securities, etc. The center covers 5,653 square meters of land with a total construction area of ​​33,288 square meters. It showcases numerous energy-saving technologies for power supply, heating and ventilation, and electrical automation, as well as innovation in site layout and efficient construction management.

Pingan regards green and low-carbon development as an important corporate responsibility and aims to achieve operational carbon neutrality by 2030. With reference to the best international carbon neutrality strategies, the Group prioritizes the reduction of emissions internal through energy-efficient offices and data centers, followed by reducing external emissions by purchasing green energy externally. After the implementation of all emission reduction measures, Ping An achieve carbon neutrality through multiple approaches, including the purchase of carbon credits.

In 2021, Ping An focused on reducing the impact of its operations on the environment through energy-efficient transformation, smart office features and digitalization to reduce energy consumption and carbon emissions. Ping An’s total carbon emissions fell 19% year-on-year to around 429,000 tonnes. The power consumption of Ping An’s own workspaces and rented workspaces decreased by 2.65% year-on-year to 513,946,880 kWh. Ping An also applied green and environmental technologies to construct green buildings. Of the December 31, 2021more than 10 of Ping An’s green building projects, including Ping An Financial Center in shenzhen and the Ping An National Customer Service and Support Technology Center in Shanghaihave achieved green building certifications domestically and internationally, including LEED (Leadership in Energy and Environmental Design) Platinum certification for building operations and maintenance.

About Ping An Group

Ping An Insurance Company (Group) Chinaltd. (“Ping An“) aims to become a world leader in retail financial services. With more than 223 million individual customers and nearly 657 million Internet users, Ping An is one of the largest financial services companies in the world. Ping An focuses on two main areas of activity, “integrated finance” and “health”, covering the provision of financial and healthcare services through its integrated financial services platform and its ecosystems in financial services, health, automotive services and smart city services. The “finance + technology” and “finance + ecosystem” strategies aim to offer customers and Internet users innovative and simple products and services using technology. As China first stock insurance company, Pingan is committed to the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchange in hong kong and Shanghai. Ping An ranked 17th in the Forbes Global 2000 list in 2022 and ranked 25th in the Fortune Global 500 list in 2022.

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[1] Calculation based on general rules for calculating overall energy consumption (GB/T2589-2020)

SOURCE Ping An Insurance Company (Group) of Chinaltd.

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