AIA NZ Sustainability Report 2024

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PRIORITIES & PROGRESS: HEALTH & WELLBEING | SUSTAINABLE INVESTMENT | SUSTAINABLE OPERATIONS | PEOPLE & CULTURE | EFFECTIVE GOVERNANCE

SUSTAINABLE INVESTMENT HAUMITANGA TOITŪ

PILLAR

STRATEGIC PRIORITIES

2024 PROGRESS

SUSTAINABLE DEVELOPMENT GOALS

SUSTAINABLE INVESTMENT

1. Deepening ESG engagement Deepen ESG engagement with fund managers.

• We have been engaging with local fund managers to develop ESG benchmarked funds.

Aligned with our commitment to a sustainable future, our investment approach balances climate goals with strong financial performance.

SDG 7 Affordable and Clean Energy

SDG 12

SDG 13

SDG 16 Peace, Justice

Responsible Consump- tion and Production

Action Climate

2. Augmenting ESG training and capability Augment knowledge and capacity among our investment analysts through training initiatives. 3. ESG integration in investment portfolios Broaden portfolio inclusions by specific considerations of green bonds, sustainability bonds, renewable and alternative energy and infrastructure. Enhance portfolio exclusions in consideration of our objective to secure long-term investment outcomes.

• We continue to attend key ESG sustainable investment seminars and conferences to deepen the team’s ESG capability.

and Strong Institutions

• We have progressed the migration of our equity portfolios to ESG benchmarked funds. • We continue to embed consideration of ESG factors into our bottom-up investment processes. This has resulted in favouring renewable energy producers and green bonds where available. • We have implemented reporting software which provides us with greater insights into the ESG impact of our investments and prepares us for mandatory scope 3 GHG reporting under the Climate-related Disclosures regime in 2025.

Report annual climate disclosures.

AIA New Zealand Limited Sustainability Report 2024

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