Direct investment From 2022 onwards evaluation of all thermal coal mining and thermal power generation projects will be required and documented in evaluation reports for recordkeeping purposes. In principle it is expected that Ping An will divest from all projects where it holds direct equity or debt by the end of 2035 except for projects that can achieve netzero emissions.Securities investment Ping An expects to exit from holding shares bonds and other capital market securities investments in companies that generate over 30 of their revenue from thermal coal mining or thermal power businesses by the end of 2035.