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PRIORITIES & PROGRESS: HEALTH & WELLBEING | SUSTAINABLE INVESTMENT | SUSTAINABLE OPERATIONS | PEOPLE & CULTURE | EFFECTIVE GOVERNANCE
BRINGING SUSTAINABLE INVESTMENT TO LIFE
OUR $1.6B ASSETS UNDER MANAGEMENT AT 31 DECEMBER 2024 WERE SPLIT AS SHOWN:
Deepening ESG engagement We continue to engage with fund managers to drive meaningful improvements in ESG awareness and practices and develop sustainable investment solutions that align to the AIA Group ESG strategy. We also continue our engagement with Aoteroa New Zealand bond issuers to understand their progress towards climate commitments and reporting.
ESG integration into investment portfolios In 2024 AIA NZ invested into a new sustainable Aoteroa New Zealand equities fund, the Betashares NZ Sustainable Leaders Fund. The objective of the fund (similar to other Betashares funds) is to track the performance of indices (before fees and expenses) that include a portfolio of stocks that have passed Betashares’ positive screens as well as negative screening to exclude companies with direct or significant exposure to fossil fuels or which engage in activities deemed inconsistent with responsible investment considerations. We continue to work with fund managers to align the remainder of our NZ equities exposure to the S&P/NZX 50 ESG Tilted 15/40 Capped Index. In 2024 we successfully implemented MSCI ESG reporting software. This software provides a significant uplift in our ESG reporting capabilities and provides greater transparency over the ESG risks in our investment portfolios and assets.
37%
3%
Managed through exclusions
Cash and Cash equivalents
10%
ESG Benchmarked funds
50%
Government/Local Government investments
AIA New Zealand Limited Sustainability Report 2024
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