AIA Group Limited (AIA), a Hong Kong based company, is an investment holding company primarily involved in the provision of life insurance. The company operates through eight business segments: Hong Kong, Thailand, Singapore, Malaysia, China, Korea, Other Markets and Group Corporate Centre Other Markets.
The company’s Healthy Living Index Survey initiative, which involves interviews with 10,000 adults in 15 countries across the Asia Pacific region, asks questions about awareness of and attitudes towards health. These findings influence the company’s approach to the development of products and services and the design of initiatives that motivate people to adopt healthier habits. AIA Group recently disclosed its responsible investment policy setting out the company’s environmental, social, and governance (ESG) focus in four main domains: fixed income investment, equity investment, real estate investment and external manager selection. AIA assesses an investment opportunity against a number of ESG criteria, including but not limited to water shortage, energy supply, climate change, environmental regulations, labor supply and relations, resource scarcity/bottleneck, management capability and integrity, and financial management. Companies in this sub-industry store sensitive client information and must have strong privacy and data polices in place to limit data breaches. AIA’s privacy and security measures are monitored and tested by the Group’s Internal Audit Systems. Additionally, the company was the first pan-Asian life insurer to join R3, a blockchain consortium that is working on ways that blockchain technology can be used in financial markets.
Despite the release of the company’s responsible investment policy, AIA fails to disclose how it trains its staff to assess ESG performance.
Country: Hong Kong
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/2017 and may not reflect current opinions or subsequent events.