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Singlife With Aviva Becomes Latest UN Sustainability Signatory

July 23, 2022
in Fintech
Reading Time: 3 mins read

Singapore financial services company Singlife on Aviva Is to be the official signer of united nations’ (United Nations) Sustainable Insurance (PSI) Principles.

PSI serves as the global sustainability framework and initiative of the United Nations Environmental Program Finance Initiative (UNEP FI).

Launched in 2012, the UNEPFIPS I Initiative is the largest joint program between the United Nations and the insurance industry to address the risks and opportunities of ESG.

To create a more risk-aware world, the signatories of the PSI Initiative will enable a healthy, safe, resilient and sustainable society to provide quality, reliable and risk protection. ..

Through a rigorous selection process, signatories are encouraged to promote activities that support the adoption and implementation of these four key principles.

  • Incorporate ESG issues into your business
  • Raising awareness and reducing risk in ESG
  • Work with key stakeholders to drive action
  • Demonstrate accountability and transparency in implementation

Today, more than 200 global organizations are PSI signatories, with more than a quarter of the world’s premiums and assets under management of S $ 19.6 trillion ($ 14 trillion).

Joining the industry insurance cohort, Singlife was the first local entity in Southeast Asia and was recognized as a signatory within a year of its launch.

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The brand was born out of one of Singapore’s largest transactions in the history of the insurance sector and went live earlier this year.

The company has appointed a person responsible for sustainability, Chia Cowen As a representative of the sustainability insurance industry in June 2022 Reporting Advisory BoardEstablished by Accounting and Corporate Regulatory Agency And that Singapore Exchange RegulationsSupported by Ministry of Finance..

Wen strives to promote sustainable economic and social development at home and abroad and to promote sustainability efforts within Singapore. This is also part of Singlife’s efforts under the United Nations PSI.

The company has established its own policies on human rights, diversity, equity and inclusiveness as follows: United Nations Guiding Principles on Business and Human Rights To maintain a diverse workforce and protect employees, business partners, and the communities in which they work.

Singlife is also a UN-led supporter Task Force on Climate Related Financial Information Disclosure (((TCFD) And we promise to provide financial reporting of climate performance while reviewing investment strategies and operations to ensure sustainability.

The company has Appointment European Sustainability Data Provider Matter It provides a comprehensive view of its sustainability performance.

Singlife with Aviva, Group CEO, Pearlyn Phau
Parlin Po

Recognize how the actual change will occur only if you lead with an example, Perlin Fau,Company’s Group CEODescribes Aviva’s commitment to “a trusted partner for our people, customers and communities, and to create and enhance a more sustainable tomorrow for the next generation.”

To achieve this, the company has set multiple sustainable goals over the next five years, covering financial literacy and transparency in line with the realization of corporate sustainability.

The company has also co-seeded several sustainable funds since its inception and has committed S $ 69.6 million ($ 50 million) to the Altrium Sustainability Fund I. Azalea investment management..

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