Great Eastern sets new target for net zero goal by 2025

The insurer recently released its 2021 sustainability report.

Singapore-based insurer Great Eastern is targeting a 20% reduction in its carbon footprint in its listed portfolio by 20% by 2025, according to its recently released 2021 Sustainability Report.

The report laid out Great Eastern’s key achievements in environment, social, and governance (ESG) goals.

For 2021, Great Eastern said it managed to reduce operational emissions by 20% from 2019 to 2021.

To meet the 2025 ESG goal, the group aims to avoid or reduce emissions, use fewer natural resources and promote environmental responsibility across its network and ecosystem. When feasible, the group will also adopt the use of renewable energy for our office buildings. It plans to procure credible carbon credits to offset residual and unavoidable emissions.

“As a leading regional insurer, we believe we can play a key role in contributing to our communities. In 2021, we have doubled down on our commitment to minimise our carbon footprint and to integrate climate risk considerations into both our insurance and investment portfolios. There is still so much more to be done, though we are committed to this journey.” said Winnie Tan, Senior Vice President of Sustainability, Great Eastern Holdings Limited.

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