The commitment to sustainability and environmental, social and governance (ESG) principles has become paramount for Berjaya Sompo Insurance Berhad (BSIB). This is also to align with the global and Malaysia’s financial industry’s growing focus on climate action and broader sustainability goals.

In 2023, BSIB continued to progress towards implementing a long-term programme aimed at bringing sustainable community benefits under the ESG pillars. Our thematic brand commitment towards ESG, as approved by the Board, is #BSIBDoGood, which focuses on the importance of sustainability awareness, incorporating the sustainability practices in our policies, processes, products, and services. 

BSIB’s Sustainability purpose is “Journey to a Sustainable Future” as we aspire to support our clients and society on their sustainable journey. The following ESG aspirations focus on our sustainability growth ambition and accelerate our value creation.  

Good governance is the foundation that underpins strong “E” and “S” practices. Since 2022, BSIB has been implementing comprehensive Sustainability Framework and Enterprise Risk Management (ERM) Framework for all ESG initiatives across its business operations. These frameworks allow for a coherent ESG strategy within the company and to assist BSIB to drive performance, identifying opportunities and managing risks across the areas of sustainability. By putting these considerations into our decision-making, we can also help our customers manage their risks through our products and services.

The Sustainability Steering Committee (SSC), under the CEO’s leadership and oversight by the Board, continues to steer BSIB’s long-term sustainability directive and sustainability targets at the working level to achieve the mentioned.