AIA NZ unveils sustainability report

AIA NZ unveils sustainability report | Insurance Business New Zealand

Life & Health

AIA NZ unveils sustainability report

“We recognise there is still significant work to be done to achieve our ambitious goals”

Life & Health

By
Kenneth Araullo

New Zealand’s largest life insurer AIA NZ has released its sustainability report for 2022, outlining the impacts it made the year prior and its commitments in the future.

Achieving Toitū carbonreduce certification, confirming the insurer’s greenhouse gas emissions (GHG) have been measured to the ISO 14064-1:2018 global standard
AIA’s One Billion initiative engaged New Zealanders over eight million times last year, inspiring them to improve their physical and mental wellbeing
Outsourced funds management of unit-linked policies to Smartshares (subsidiary of NZX), progressing the development of a range of Diversified Fund strategies and focusing on the transition to best practice ESG solutions
Introduced seven waste streams to AIA House including paper, aluminium, glass, hard and soft plastics and organics, diverting approximately 10 tonnes of waste from landfill in 2022
2022 Gallup employee engagement survey score of 4.30 (out of 5), with 63% of the AIA NZ team considered ‘engaged’ employees
Establishment of AIA NZ board ESG committee with an executive lead for each strategic pillar, chaired by an independent director

AIA NZ CEO Nick Stanhope said that the company’s commitment and progress towards a wider sustainability vision was great to see.

“We’re incredibly proud to have made such solid progress on our ESG journey and are pleased to be sharing our story. However, we recognise there is still significant work to be done to achieve our ambitious goals,” Stanhope said. “ESG is fundamental to delivering on our purpose of helping New Zealanders live healthier, longer, better lives. We know from our recently launched Environment and our Health report that the environment can have a significant impact on our health.