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Singlife - insuring a greener future

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About Singlife

Sustainability is one of Singlife's core strategic pillars. With its sustainability strategy focused on five key pillars – responsible investor, accelerator of net zero, innovator for green and good, sustainability-embedded culture, and effective governance and risk management, Singlife believes that meaningful action in all areas will allow the organisation to address environmental and social challenges more effectively, whilst supporting the creation of business value. Committed to net zero by 2050, Singlife engaged South Pole for external support in greenhouse gag (GHG) emissions measurement and to develop a net zero roadmap with credible and accountable targets.

Ko Wen Chia

Working with South Pole has been a significant step forward in our efforts to advance our climate journey.

Their team has provided us with key insights on our environmental impact and recommended clear actions to minimise our emissions as we strive towards net zero.

Ko Wen Chia Head of Sustainability, Singlife

Work with South Pole

Calculating emissions

Having made a commitment to achieve net zero emissions by 2050, Singlife needed to establish a robust GHG emissions baseline in order to develop a credible net zero roadmap. South Pole climate experts conducted a complete GHG emissions accounting, aligned with the GHG Protocol and Partnership for Carbon Accounting Financials (PCAF) standards to evaluate the operational and financed emissions across scopes 1, 2, and 3.

Net zero advisory

Putting the financed emissions results into context, South Pole's experts then analysed Singlife's positioning for a net zero strategy and the available tools to decarbonise its portfolio. Our team tested different target-setting approaches which included the Science Based Target Initiatives Sectoral Decarbonisation Pathway for the power, cement and steel sectors as well as the Transition Pathway Initiative for the oil and gas sector. The interventions modelling conducted by our experts facilitated Singlife's understanding of the impact of different interventions, such as engagement on temperature score, transition-based exclusions and strategic reallocation of funds based on relative performance within sectors.

Next steps

This work conducted by the South Pole team provided insights and actions for Singlife to confidently address internal discussions and strategic planning on decarbonisation targets and net zero commitments.

Ready to set your net zero targets with confidence?
Michele Loi, Sustainable Finance - Principal Consultant
Ready to set your net zero targets with confidence?
Connect with South Pole today to build a science-backed roadmap for a sustainable future.

Learning and insights

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Climate Consulting

Climate Consulting

We help companies measure and report on their impact, risks and navigate and comply with environmental regulations. Contact us today to get started.

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Who we work with

Why South Pole?

Unique experience

With 18 years experience, we can help you navigate challenges and changes in the market.

Specialist expertise

Climate is not something we do, it's what we do.

Global presence

With offices and representations in over 30 countries, we think global and act local.

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