Amundi will manage 20% of Singapore insurer Singlife’s developed and emerging market public equities from the middle of 2025 onward, the €2.2 trillion ($2.3 trillion) fund manager said in a statement on Dec. 9.
The mandate is a part of Singlife’s low-carbon transition strategy and will be benchmarked against the MSCI Low Carbon Target Indexes, the statement said.
The insurer will increase its allocation to low-carbon assets as it works to meet net-zero emissions by 2050.
“By partnering established, reputable players like Amundi and MSCI, we are creating a structured, trackable path for our decarbonization journey. As one of the first insurers in Singapore to take this step, this commitment underscores our focus on accountability, transparency and a clear strategy for a sustainable future”, said Singlife CIO Allen Kuo in the statement.
The MSCI Low Carbon Target Indexes also exclude investments in controversial weapons, thermal coal mining and oil sands, the statement said.
A spokesperson did not immediately provide the size of Singlife's assets.
