A recent survey by Singlife reveals that 60% of Singaporeans currently do not consider sustainability factors when purchasing insurance or investment products. Despite this, more than half of these individuals expressed an intention to factor sustainability into their financial decisions in the future.
Singlife’s inaugural Sustainable Future Index (SFI) found that while 70% of Singaporean consumers acknowledge the importance of sustainability, only 30% actively integrate it into their financial choices. The survey, which polled 1,000 Singaporeans and Permanent Residents, uncovered a significant gap between awareness and actionable change, particularly in the area of sustainable financial products.
The research also highlighted that only 23% of respondents are aware of investment products linked to sustainability. Challenges cited include a lack of information and concerns over potentially lower returns.
In response, Singlife has expanded its sustainable investment offerings. Through its GROW platform, the company has more than doubled its Environmental, Social, and Governance (ESG) fund options since 2023, now offering over 100 sustainable investment choices.
As a signatory to the United Nations Principles for Sustainable Insurance and the Principles for Responsible Investment, Singlife is committed to integrating sustainability into financial planning, encouraging consumers to make informed decisions that align both with their financial goals and long-term environmental impact.
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