Sustainability @ Berjaya Sompo

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.

 

ESG

 

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. 

 

Sustainable Journey

 

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.  

Our ESG Aspirations

Environment

Towards Net Zero Carbon Footprint by 2050

Social

Diverse and inclusive society

Robust governance structure and reliable disclosures within the global standards

Robust governance structure and reliable disclosures within the global standards

Governance Structure

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. 
 

Transforming Our Aspirations into Tangible Reality

Environmental

Environmental Pillar

Toward Net Zero Carbon Footprint by 2050

We are dedicated to environmental stewardship and aim to achieve a Net Zero Carbon Footprint by 2050 as part of our commitment.

Social Pillar Aspirations

Social Pillar Aspirations

Diverse and Inclusive Society

We foster diversity and inclusivity within our community, celebrating the unique differences that make us stronger together.

Governance Pillar

Governance Pillar

Robust governance structure and reliable disclosures within the global standards

A robust governance structure and dependable disclosures adhering to global standards are vital components in today's complex and interconnected business landscape. Such a foundation ensures transparency, accountability, and ethical conduct within organizations, instilling confidence among stakeholders, including shareholders, investors, employees, and the public at large.