AIA Group has set a precedent in the Asian insurance market by having its greenhouse gas (GHG) emission reduction targets endorsed by the Science-Based Targets initiative (SBTi), according to a report by The Jakarta Post.
The company said the move underscores its dedication to embedding environmental, social, and governance (ESG) practices into its operational ethos.
“Environmental health can impact various aspects, including the physical well-being of communities, so we aim to continually create positive impacts,” Sainthan Satyamoorthy, president director of AIA Indonesia, told The Jakarta Post. “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.”
In 2021, AIA outlined its ambition to neutralise its carbon footprint by 2050, committing to the guidelines set by the SBTi. This international body advocates for ambitious emission reduction targets that align with contemporary climate science.
By November 2023, AIA distinguished itself as the foremost life and health insurance entity across Asia to have its short-term emission reduction targets officially recognised, crafting a verifiable trajectory towards achieving its 2050 net-zero ambition.
Within the Indonesian market, AIA champions its ESG commitments through the “AIA Sehat Untuk Negeri” initiative. This program ensures that considerations of sustainability permeate every facet of the company's decision-making processes, aiming to balance ecological preservation with societal advancement and stringent governance standards.
