Singlife With Aviva is Now a Signatory to UN Sustainability

Published on: 21 July 2022
by KnowESG
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Singlife with Aviva has signed the United Nations Principles for Sustainable Insurance (PSI), a worldwide sustainability framework and endeavour of the United Nations Environment Programme Finance Initiative (UNEP FI).

Singlife is the only local entity to be recognised as a signatory within its first year of operations, joining a global cohort of insurers.

In a press release, they stated that this signifies Singlife's consistent, long-term progress in delivering strategic, transparent, and practical measures toward sustainability for Singapore's financial services and in supporting the nation's 2050 Net Zero aspirations.

Singlife is also a supporter of the United Nations-led Task Force on Climate-Related Financial Disclosures and will assess its investment strategy and operations to make them more environmentally friendly.

In addition, Singlife has committed to publishing its Climate Performance Financials.

Chia Ko Wen, Head of Sustainability at Singlife with Aviva, was appointed to promote sustainable economic and social growth in Singapore and worldwide, as well as to lead Singapore's sustainability activities.

Singlife has also implemented its Human Rights and Diversity, Equity, and Inclusion policies to preserve a diverse workforce and safeguard its employees, business partners, and the communities in which it operates.

Singlife has co-seeded multiple sustainable funds since the beginning of 2022, contributing $50 million to the Altrium Sustainability Fund I, managed by Azalea Investment Management and indirectly owned by Temasek, to establish a sustainable business through responsible investments.

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 a 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.”

Source: Fintech News

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