Homegrown insurer Singlife with Aviva has appointed European sustainability knowledge supplier Matter to supply a complete view of its sustainability efficiency.
Matter’s ESG platform will assist Singlife perceive the sustainability affect and efficiency of its international investments.
With Matter’s platform, Singlife will be capable to monitor key environmental dangers to its investments and in future, current extra in depth stories to the Financial Authority of Singapore (MAS) as a part of its disclosure necessities.
Singlife mentioned that this aligns with its dedication to create a optimistic affect and assist Singapore’s dedication in direction of Web Zero by 2050.
Matter has labored with monetary establishments in Singapore since 2020, partly by means of collaborations with MAS and the Funding Administration Affiliation of Singapore.
The agency is an official accomplice of Nasdaq and has supplied purchasers throughout Asia, Europe and North America with ESG analytics since 2019.
Singlife just lately introduced a US$50 million funding within the Altrium Sustainability Fund I, a personal fairness fund of funds managed by Azalea Asset Administration, which is wholly owned by Temasek. It permits institutional and different accredited traders to construct an ESG-focused funding portfolio.
The insurer is a supporter of the Process Power on Local weather-Associated Monetary Disclosures and is working to change into a signatory of the United Nations Rules for Sustainable Insurance coverage by This fall 2022.
Kim Rosenkilde, Singlife’s Group Chief Funding Officer mentioned,
“Monitoring, mitigating and disclosing numerous environmental dangers in our investments is a posh job, requiring clear knowledge and exact analyses. Matter’s platform helps us achieve a few of these insights in a quick and clear manner.
We see a giant potential to allow ESG reporting in additional of our companies. We in the end need to assist our purchasers obtain monetary freedom, and we additionally need to assist them perceive precisely the place and the way their cash is being invested in”,
Emil Fuglsang, Chief Working Officer and Co-Founding father of Matter mentioned,
“In comparison with the European scene, ESG investing in Singapore is in an rising and quickly rising stage.
We’re seeing how corporations like Singlife suppose past threat administration and compliance, which is consistent with our core perception at Matter – that sustainability and ESG insights must be extra clear and intuitive, in order that extra folks can use them to make selections”,