Tackling the pressing issue of climate change demands concerted efforts across all sectors of society. Recognizing this imperative, AIA Indonesia has stepped up to support the implementation of AIA Group’s overarching Environment, Social, and Governance (ESG) strategy.
In a significant move in 2021, AIA Group announced its commitment to attaining net-zero emissions by 2050, concurrently pledging allegiance to the Science-Based Targets initiative (SBTi). The SBTi, a globally recognized entity, empowers businesses to establish ambitious emissions reduction objectives aligned with cutting-edge climate science.
Fast forward to November 2023, and AIA has achieved a monumental milestone, emerging as the premier pan-Asian life and health insurer to secure validation for its immediate-term science-based emissions reduction targets. This validation underpins a tangible roadmap for reducing emissions, thereby bolstering the company’s trajectory towards achieving net-zero emissions by 2050.
Within the Indonesian landscape, AIA remains steadfast in honoring its ESG-related obligations through the implementation of the AIA Sehat Untuk Negeri (AIA Health for the Nation) program. This initiative ensures that every strategic decision undertaken by AIA prioritizes sustainability, nurturing environmental preservation, societal advancement, and robust corporate governance.
Sainthan Satyamoorthy, President Director of AIA Indonesia, emphasized the critical nexus between environmental health and community well-being, asserting the company’s commitment to fostering positive impacts. Satyamoorthy iterated, “Aligned with our commitment to enhancing the well-being of millions of families in Indonesia, we ensure the sustainability of all our business practices through AIA Sehat Untuk Negeri. This endeavor is integral to upholding the trust bestowed upon us by AIA’s customers and business partners, recognizing the inherently long-term nature of life insurance.”
Under the umbrella of AIA Sehat Untuk Negeri, a spectrum of initiatives has been initiated to propel the realization of the group’s net-zero aspirations. These initiatives are anchored in AIA Group’s ESG strategy pillars, with a specific focus on sustainable operations and investments. Among the implemented measures are enhancements in electricity and fuel efficiency, the integration of digitalization across company operations, the transition from physical policy books to digital/ePolicy formats, incentivized tree planting programs for new customers, and meticulous consideration of ESG facets in investment portfolio evaluations.
AIA’s commitment to sustainability is further underscored by its exclusion of specific sectors from its investment portfolio, encompassing tobacco, cluster munitions, coal mining, and coal power generation. In a decisive move in 2021, AIA divested entirely from directly managed, listed equity, and fixed income exposures associated with coal and coal-fired power enterprises.
