Singlife has made a significant strategic decision by enlisting European asset manager Amundi to drive its low-carbon transition strategy. This crucial step is benchmarked against the low-carbon indexes provided by MSCI, a leading provider of decision support tools and services. The move is a clear indication of Singlife’s commitment to aligning its operations with global climate action goals.
As part of this initiative, Singlife will entrust Amundi with the management of 20% of its public equities by mid-2025. The company has a long-term plan to progressively expand this allocation to low-carbon indexes, thereby systematically decarbonizing its investment portfolio. By tracking the performance of the MSCI Low Carbon Target Indexes, Singlife aims to accurately measure and showcase its contribution as a financial services provider to the global climate change mitigation efforts.
The MSCI Low Carbon Target Indexes have strict exclusion criteria, omitting investments related to controversial weapons, ESG controversies, thermal coal mining, and oil sands. Singlife’s choice to partner with Amundi and MSCI, both signatories of the United Nations-supported Principles for Responsible Investment, underlines the company’s dedication to achieving Net Zero by 2050. This not only positions Singlife as a responsible corporate citizen but also sets an example for other financial institutions looking to make a meaningful impact in the fight against climate change through their investment strategies.
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