Singlife With Aviva Is Now a UN Sustainability Signatoryby Fintech News Singapore July 21, 2022
Homegrown insurer Singlife with Aviva announced that it has become an official signatory of the United Nations’ Principles for Sustainable Insurance (PSI), a global sustainability framework and initiative of the United Nations’ Environment Programme Finance Initiative (UNEP FI).
Singlife is said to be the first local entity to be recognised as a signatory within its first year of operations where it joins a global cohort of insurers.
In a media statement, they said that this marks Singlife’s steady and long-term progress in driving strategic, transparent and actionable steps towards sustainability for financial services in Singapore and supporting the nation’s 2050 Net Zero goals.
Singlife is also a supporter of the UN-led Task Force on Climate-Related Financial Disclosures and will review its investment strategy and operations and ensuring that it is more sustainable.
Additionally, Singlife has also pledged to report its Climate Performance Financials.
Chia Ko Wen, Head of Sustainability at Singlife with Aviva, was appointed to foster sustainable economic and social development in the nation and beyond and drive sustainability efforts within Singapore.
Singlife has also launched its Human Rights, and Diversity, Equity, and Inclusion policies to maintain a diverse workforce and protect its employees, business partners and communities it operates in.
In building a sustainable business through responsible investments, Singlife has co-seeded several sustainable funds since the start of 2022, committing US$50 million to the Altrium Sustainability Fund I, managed by Azalea Investment Management, indirectly owned by Temasek.
Pearlyn Phau, Group Chief Executive Officer of Singlife with Aviva said,
“Making real change only happens when we can lead by example, and that is why we are proud to be a homegrown company making real impact and helping to advance the sustainability agenda of Singapore and beyond.
With ESG considerations at the core of our business, we are committed to being a trusted partner for our people, customers and communities, creating and strengthening a more sustainable tomorrow for generations to come.”