Life Insurance
Provides a lump sum payment if you were to pass away or are diagnosed with a terminal illness.
As the largest independent publicly listed pan-Asian life insurance group, we focus on managing the environmental impacts associated with our operations. Given the non-manufacturing nature of our business, this primarily means reducing and recycling the waste that we produce, conducting responsible investment management, employing innovative technologies to reduce our resource consumption and emissions from business travel, and adopting sustainable practices in our approach to underwriting and other insurance practices.
This policy prescribes our approach and commitment to managing our environmental footprint across our network of operating markets. We also encourage our suppliers, business partners, and where applicable, our customers, to respect elements and practices outlined in this policy, with a goal of furthering their own efforts at environmental stewardship.
This policy has been written with reference to the United Nations Environment Programme Finance Initiative’s Principles for Sustainable Insurance and applies across our operations. Due to the limited availability of certain resources and processes in some of our markets, consistently applying this policy across our operations may prove challenging, but we intend for this policy to evolve alongside the development of these markets. This policy represents a key part of our continued efforts to drive the creation of efficient processes across our operations and to manage our environmental impacts.
For details on our approach to addressing climate change, please click here.
To reduce any adverse environmental impact arising from our day to day operations, we rely on behavioural change as well as the use of efficient technology, processes and systems to drive and monitor reduction initiatives. Central to these efforts are the following objectives:
Our primary direct impacts lie in the waste we produce, energy we consume and our greenhouse gas footprint. We address each of these areas and outline our approach to managing them with the objectives outlined below:
A. Waste
B. Energy Reduction
C. Emissions
We are also aware of the indirect impact arising from our ability to influence environmental performance within our value chain and in our investments, ultimately contributing toward the goal of creating a low carbon and environmentally conscious economy. Actions we take include:
To ensure the effective implementation of this policy, AIA will coordinate these efforts and track the progress of various environmental initiatives. The ESG Team will be responsible for conducting any training as required.
We endeavour to report on our environmental performance in a manner which is transparent and accountable. This policy is available to our employees via internal channels and to external stakeholders via the Group’s corporate website.
This Environmental Policy shall be reviewed annually or as required to ensure its relevance and effectiveness, including with respect to any charters or policies that AIA may choose to sign or adhere to.
If you have questions on this document, please contact our ESG team at esg@aia.com.
Last updated: 28 March 2018