YF Life Becomes the First Insurance Company in the Greater China Region to Receive a Sustainable Fitch ESG Entity Rating

June 7, 2024

YF Life Insurance International Limited (YF Life Insurance) is pleased to announce that it has become the first insurance company in the Greater China Region to get an ESG Entity Rating assigned by Sustainable Fitch, in recognition of the company's ESG performance.

YF Life sticks to its "people-centric, technology-empowerment" approach. With its commitment to innovation, promoting green development and the harmonious coexistence of human and nature, it lays a stronger foundation of corporate governance, and continues to enhance its corporate value creation capabilities. YF life's investment team actively looks for investment opportunities that can deliver the best possible outcomes, with its assets managed by a major asset management manager who is committed to sustainable practices and responsible investment.

YF Life has received an ESG Entity Rating of "3" from Sustainable Fitch. In addition to being a recognition of its ESG performance, it also marks an important milestone for the Company. It reflects YF Life's determination to promote sustainable development and continuously improve its ESG performance by integrating sustainability considerations into its business. The Company believes that good corporate governance and sustainable business practices should go hand in hand in order to create long-term value for its investors and stakeholders.

Sustainable Fitch is an ESG rating agency launched by the Fitch Group. ESG Ratings indicate an entity’s performance, commitment, and integration of environmental and social considerations into its business, strategy and management, and the effectiveness of governance. The ratings are provided on a scale of “1” to “5”, with “1” being the best.