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Singlife appoints Amundi for its low carbon transition strategy

The company will allocate 20% of its public equities for Amundi to manage.

Singlife has appointed European asset manager Amundi to help execute the company’s low-carbon transition strategy—benchmarked against the low-carbon indexes of MSCI, a critical decision support tools and services company.

The company will allocate 20% of its public equities for Amundi to manage by the middle of 2025. Singlife will progressively increase its allocation to low-carbon indexes to decarbonise its portfolio.

Singlife's public equity portfolio will track the performance of the MSCI Low Carbon Target Indexes, to quantify how it contributes to global climate action as a financial services company.

The indexes exclude investments in controversial weapons, ESG controversies, thermal coal mining, and oil sands.

Moreover, Singlife said the appointment of Amundi and MSCI, both United Nations-supported Principles for Responsible Investment signatories, reflects the group’s commitment to achieving Net Zero 2050.

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