InsurTech

Singlife With Aviva Taps Matter’s ESG Platform for a Full View of Its Sustainability Performance

Homegrown insurer Singlife with Aviva has appointed European sustainability data provider Matter to provide a comprehensive view of its sustainability performance.

Matter’s ESG platform will help Singlife understand the sustainability impact and performance of its global investments.

With Matter’s platform, Singlife will be able to monitor key environmental risks to its investments and in future, present more extensive reports to the Monetary Authority of Singapore (MAS) as part of its disclosure requirements.

Singlife said that this aligns with its commitment to create a positive impact and support Singapore’s commitment towards Net Zero by 2050.

Matter has worked with financial institutions in Singapore since 2020, in part through collaborations with MAS and the Investment Management Association of Singapore.

The firm is an official partner of Nasdaq and has provided clients across Asia, Europe and North America with ESG analytics since 2019.

Singlife recently announced a US$50 million investment in the Altrium Sustainability Fund I, a private equity fund of funds managed by Azalea Investment Management, which is wholly owned by Temasek. It enables institutional and other accredited investors to build an ESG-focused investment portfolio.

The insurer is a supporter of the Task Force on Climate-Related Financial Disclosures and is working to become a signatory of the United Nations Principles for Sustainable Insurance by Q4 2022.

Kim Rosenkilde

Kim Rosenkilde, Singlife’s Group Chief Investment Officer said,

“Monitoring, mitigating and disclosing various environmental risks in our investments is a complex task, requiring transparent data and precise analyses. Matter’s platform helps us gain some of these insights in a fast and transparent way.

We see a big potential to enable ESG reporting in more of our services. We ultimately want to help our clients achieve financial freedom, and we also want to help them understand exactly where and how their money is being invested in”,

Emil Fuglsang

Emil Fuglsang, Chief Operating Officer and Co-Founder of Matter said,

“Compared to the European scene, ESG investing in Singapore is in an emerging and rapidly growing stage.

We are seeing how companies like Singlife think beyond risk management and compliance, which is in line with our core belief at Matter – that sustainability and ESG insights need to be more transparent and intuitive, so that more people can use them to make decisions”,