Singlife becomes signatory of UN-supported Principles for Responsible Investment

It is reportedly the first Southeast Asian insurer to become a signatory of PRI.

Singlife has become a signatory of the United Nations (UN)-supported Principles for Responsible Investment (PRI), becoming the first insurer signatory in Southeast Asia.

Along with this, Singlife published its inaugural sustainability report, where it outlined its five-pronged sustainability strategy RAISE: Responsible investor; Accelerator of net zero; Innovator for green and good; Sustainability-embedded culture; and Effective governance and risk management.

“We are honoured to be the first Southeast Asian insurer to join the PRI. This reflects our dedication to playing an active role in advancing sustainability outcomes through responsible investing,” said Chia Ko Wen, head of sustainability, Singlife.

Davin Atkin, CEO of Principles for Responsible Investment, welcomed Singlife as a signatory.

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“Insurers are an integral voice in the global move towards responsible investment and we welcome Singlife’s commitment to transparency and disclosure, as evidenced by the release of the organisation’s sustainability report. We look forward to working with Singlife as a vital part of the PRI’s signatory base now and in the future,” Atkin said.

Launched in New York in 2006, the PRI now has over 5,000 signatories and manage over US$121m. It works to understand the investment implications of ESG factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions, according to a press release by Singlife.

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