CTF Life earns SBTi approval for its carbon reduction targets

It targets to reduce absolute Scope 1 and 2 GHG emissions by 37.8% by 2029.

CTF Life announced that its carbon reduction targets have been officially validated by the Science Based Targets initiative (SBTi).

To achieve its goals, CTF Life will implement a range of strategies and actions to achieve its targets in Scope 1 and 2 operational emissions, including transitioning its fleet to electronic vehicles (EVs), improving energy efficiency in the office buildings, and prioritising the sourcing and purchase of renewable energy or renewable energy certificates (RECs) when necessary.

For Scope 3 Category 15 emissions, the company will adopt an active ownership and engagement strategy, explore ESG-related products and climate financing opportunities, strengthen governance structure, and explore opportunities for collaboration and partnership to scale impacts.

CTF Life targets to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 37.8% by financial year (FY) 2029.

As of June 2024, the company had already reduced its investment portfolio carbon footprint by more than 15% compared to baseline figures from June 2023.

Additionally, CTF Life has invested over US$450m (HK$3.5b) in ESG-labelled bonds and decarbonisation impact funds, primarily focused on Asia, to support the region’s transition to a greener economy.

(US$1 = HK$7.78)