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Zurich Malaysia unveils its first sustainability-centric fund

New Straits Times logo New Straits Times 4/8/2022 Asila Jalil
© Provided by New Straits Times

KUALA LUMPUR: Zurich Malaysia has introduced its first ever sustainability-centric fund, Zurich Global Green Fund.

The fund made Zurich the first insurer in Malaysia to launch a climate neutral investment as an option in its investment-linked fund portfolio for unit-linked life insurance that has both protection and investment components.

Zurich Life Insurance chief executive officer Khoo Ai Lin said as part of the larger Zurich ecosystem, the company tapped into the international knowledge skills and capabilities to make a difference. 

"Zurich Malaysia wants to give Malaysians the opportunity to invest in a fund that advances sustainability. 

"We believe we can create a brighter future via the positive impact of our role as an insurer, investor and employer in society for all Malaysians," said Khoo. 

The fund is aligned with the Zurich philosophy on sustainable investments and focused on low carbon companies and leaders in clean technology to achieve a 1.5°C future. 

The Global Green Fund invests in companies driving change in the field of clean technologies around the world.

The company said it goes even further by offsetting the remaining carbon emissions to provide a true carbon neutral investment strategy. 

In supporting this, Zurich partnered carbon offsetting projects that comply with internationally recognised standards. 

"Carbon emissions of the fund's investments are tracked and the carbon footprint is offset through Verified Emission Reduction Certificates (VERs) from Rimba Raya Biodiversity Reserve Project - the world's largest privately funded orangutan sanctuary. 

"The VERs are then cancelled to avoid reuse, and all necessary information to verify the carbon offsetting calculations and proof of VER cancellation will be published in the fund's annual report for transparency," it said. 

The fund will be made available for Zurich Malaysia's investment linked plans under the ValueLife series, including the newly-launched Zurich ValueLife Pluz.

© New Straits Times Press (M) Bhd

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