Financial services company Singlife with Aviva has appointed European sustainability data provider Matter to provide a comprehensive view of its sustainability performance.

Matter, an official partner of Nasdaq, has worked with financial institutions in Singapore since 2020, in part through collaborations with the Monetary Authority of Singapore (MAS) and the Investment Management Association of Singapore. The data provider has also provided environment, social and governance (ESG) analytics to clients across Asia, Europe and North America since 2019.

With Matter’s platform, Singlife will be able to monitor key environmental risks to its investments and present more extensive reports to the MAS as part of its disclosure requirements. This aligns with Singlife’s commitment to create a positive impact and support Singapore’s commitment towards net zero by 2050.

“Monitoring, mitigating and disclosing various environmental risks in our investments is a complex task, requiring transparent data and precise analyses,” says Singlife’s group chief investment officer Kim Rosenkilde. “Matter’s platform helps us gain some of these insights in a fast and transparent way. We see a big potential to enable ESG reporting in more of our services.”

Singlife recently announced a US$50 million investment in the Altrium Sustainability Fund I, a private equity fund of funds managed by Azalea Asset Management, which is wholly owned by Temasek. It enables institutional and other accredited investors to build an ESG-focused investment portfolio.