Singapore Life Limited Sustainability Profile

In 2023, Singapore Life Limited reported Scope 2 emissions of approximately 456,000 kg CO2e in Singapore. This figure reflects their commitment to monitoring and managing their carbon footprint, although no Scope 1 or Scope 3 emissions data was disclosed for the year. Comparatively, in 2022, the company recorded Scope 2 emissions of about 459,000 kg CO2e and significant Scope 3 emissions amounting to approximately 761,328,000 kg CO2e. This indicates a slight reduction in Scope 2 emissions year-on-year, showcasing their ongoing efforts to improve sustainability. The company has not set specific reduction targets or climate pledges, and their emissions data is cascaded from their parent company, Singlife Financial Pte. Ltd., which is part of a broader corporate family relationship with Sumitomo Life Insurance Company. In terms of emissions intensity, Singapore Life Limited reported a Scope 2 emissions intensity of about 301 kg CO2e per employee in 2023, down from 316 kg CO2e per employee in 2022. Additionally, their weighted average carbon intensity for listed equities was approximately 0.07 kg CO2e per million SGD in revenue for 2023. Overall, while Singapore Life Limited is actively tracking its emissions, further commitments and reduction initiatives would enhance its climate strategy.