AIA Singapore has launched its inaugural Sustainability Report 2024, titled “Sustaining Healthier, Longer, Better Lives,” detailing its commitment to Environmental, Social, and Governance (ESG) principles. The report outlines significant progress across five strategic pillars: Health & Wellness, Sustainable Investment, Sustainable Operations, People & Culture, and Effective Governance.
The report reveals AIA Singapore’s initiatives to address critical societal needs, such as the 74% critical illness protection gap in Singapore. The company introduced the AIA Ultimate Critical Cover, an affordable critical illness plan aimed at young adults. Additionally, AIA Singapore expanded its inpatient plans to include mental health care at no extra cost, benefiting over 1.3 million employees.
Chief Executive Officer Wong Sze Keed stated, “Sustainability is an integral part of how we operate and plan for the future. We are steadily integrating ESG considerations into our core processes.” Chief Investment Officer Liu Chun Yen added that ESG governance is embedded in investment decisions to drive long-term performance.
AIA Singapore’s efforts in sustainable investment include advancing blended finance initiatives and enhancing its investment approach with the AIA Sustainable Multi-thematic Fund. The company has also improved its environmental performance by reducing paper usage and incorporating ESG factors into procurement.
In fostering a diverse and inclusive culture, AIA Singapore achieved the 82nd percentile in employee engagement according to Gallup’s global benchmark. The full report is available on AIA Singapore’s website, showcasing the company’s dedication to sustainability and community resilience.
“`
