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AIA becomes Asia first life insurance company with SBTi-validated GHG reduction target
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limate change has become a global challenge, requiring a collective effort from all sectors of society to address the issue. In light of this challenge, AIA Indonesia plays its role in supporting AIA Group’s implementation of its environment, social and governance (ESG) strategy.
In 2021, the AIA Group announced a commitment to achieve net-zero emissions by 2050 and also committed to the Science-Based Targets initiative (SBTi), a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science.
In November 2023, AIA became the first pan-Asian life and health insurer to receive validation for its near-term science-based emissions reduction targets. This ensures a measurable reduction road map, supporting our path toward net-zero emissions by 2050.
In Indonesia, AIA fulfils its ESG-related commitments through the AIA Sehat Untuk Negeri (AIA Health for the Nation) program. Under AIA Sehat Untuk Negeri, AIA ensures that each business and operational decision prioritizes sustainability aspects that preserve nature, promote progress and social equality and maintain strong corporate governance.
AIA Indonesia president director Sainthan Satyamoorthy said, "Environmental health can impact various aspects, including the physical well-being of communities, so we aim to continually create positive impacts. Aligned with our commitment to help millions of families in Indonesia live healthier, longer and better lives, we ensure all our business practices remain sustainable through AIA Sehat Untuk Negeri. This is also to maintain the trust of AIA customers and business partners, considering life insurance is a long-term business."
Through AIA Sehat Untuk Negeri, various initiatives are undertaken to fulfil the group’s net-zero ambitions. These initiatives focus on climate action through AIA Group’s ESG strategy pillars, specifically sustainable operations and sustainable investment. Initiatives implemented include electricity and fuel efficiency, digitalization in company operations, transitioning from physical policy books to digital/ePolicy, tree planting activities for each new customer and consideration of ESG aspects in investment portfolio assessments.
AIA has excluded specific sectors from our investment program, including tobacco, cluster munitions, coal mining and coal power generation. In 2021, AIA has fully divested from directly managed, listed equity and fixed income exposures on coal and coal-fired power businesses.
