Mitihoon – Muang Thai Life Assurance Public Company Limited reaffirms its commitment to creating sustainable smiles and happiness in every dimension. Recently, it became the first life insurance company in Thailand to sign the Principles for Responsible Investment (PRI Signatory), an internationally supported investment principle by the United Nations.
Mr. Sara Lamsam, Chief Executive Officer of Muang Thai Life Assurance Public Company Limited, revealed that the company aims to achieve long-term investment returns under an appropriate level of risk to meet the goal of being a stable and strong life insurance company in terms of finance, service, and branding. The company operates its business according to corporate governance principles and sustainable development guidelines, under good corporate oversight and appropriate risk management, while considering the balance in environmental, social, and governance and economic (ESG) dimensions to create sustainable smiles and happiness for all stakeholders.
The company believes that responsible investment principles, which consider good corporate governance as well as the social and environmental impacts of the businesses being invested in, in addition to considering returns and investment risks, will help maximize benefits for investors and create long-term sustainability for the overall capital market.
Mr. Sara said, “Muang Thai Life Assurance is very pleased to have signed the Principles for Responsible Investment (PRI Signatory) to demonstrate our commitment to adhering to widely accepted and practiced investment principles at the international level. This aligns with the United Nations Sustainable Development Goals, and we hope to collaborate with other signatories to drive towards responsible and sustainable investment goals.”
The company has established an Environmental, Social, and Governance (ESG) policy for investments since 2019 and developed it into a responsible investment policy in 2024. This includes applying responsible investment principles throughout the investment process, from security selection and analysis for portfolio creation to engagement with invested businesses and collaboration with market participants to enhance the company’s investments and contribute to the overall development of the capital market.
Mr.David Atkin, CEO of the PRI said: “We are delighted to welcome Muang Thai Life Assurance as the first Thai insurance company to become a signatory of the PRI. The insurance industry plays a key role in developing a holistic approach that incorporates sustainability issues in risk assessment and we look forward to working with MTL to further the understanding of responsible investment in the region.”
The PRI is an organization supported by the United Nations, established in 2006 in New York City, USA. It provides guidelines on responsible investment principles by integrating environmental, social, and governance (ESG) issues and applying them in investment decision-making processes as well as active ownership. The collaboration of the three parties from the UN Global Compact, UNEP Finance Initiatives, and project participants related to investment will help enhance the stability and long-term sustainability of the global capital market, society, and economy. Currently, there are over 5,000 signatory institutions worldwide, managing assets totaling over 128 trillion US dollars. The signatories agree to adhere to the six principles of responsible investment as follows:
Principle No. 1: We will incorporate Environmental, Social, and Governance (ESG) issues into investment analysis and decision-making processes.
Principle No. 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.
Principle No. 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.
Principle No. 4: We will promote acceptance and implementation of the Principles within the investment industry.
Principle No. 5: We will work together to enhance our effectiveness in implementing the Principles.
Principle No. 6: We will each report on our activities and progress towards implementing the Principles.
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