Income Insurance has committed $527.9 million (S$945 million) to green and climate-related investments as it works toward its $558.7 million (S$1 billion) climate transition financing target, according to its 2025 Sustainability Report. The Singapore insurer has also reduced financed emissions from its public assets portfolio by nearly 16% and cut weighted average carbon intensity by more than 38% from its 2022 baseline.
Key Overview
- Income Insurance has committed $527.9 million (S$945 million) to green and climate-related investments.
- The insurer is working toward a $558.7 million (S$1 billion) climate transition financing target.
- Financed emissions from its public assets portfolio fell by nearly 16%.
- Weighted average carbon intensity declined by more than 38% from its 2022 baseline.
- Income Insurance targets a 40% reduction in emissions intensity across its public assets portfolio by 2030.
- It also targets a 30% reduction in emissions intensity per gross written premium in its private motor portfolio by 2030.
- The insurer aims to reach net zero by 2050.
Income Insurance Advances Green Investment Target
Income Insurance has committed $527.9m (S$945m) to green and climate-related investments as it works toward its $558.7m (S$1b) climate transition financing target, according to its 2025 Sustainability Report.
The Singapore insurer said it has also reduced financed emissions from its public assets portfolio by nearly 16% and cut weighted average carbon intensity by more than 38% from its 2022 baseline.
Income Insurance is targeting a 40% reduction in emissions intensity across its public assets portfolio by 2030, as part of its ambition to reach net zero by 2050.
The insurer is also targeting a 30% reduction in emissions intensity per gross written premium in its private motor portfolio by 2030.
Income Insurance Supports Electric Vehicle Transition
Income Insurance said it is supporting the transition to electric vehicles through its eDrivo Car Insurance.
The policy provides 24/7 emergency mobile rescue if an electric vehicle runs out of charge in Singapore and parts of Malaysia.
It also covers accidental damage to public and private EV charging stations and certain incidents during overseas road trips.
The initiative forms part of the insurer’s efforts to support the transition to electric mobility while providing insurance coverage for electric vehicle users.
Insurer Expands Focus on Protection Gaps
Income Insurance is also increasing its focus on protection gaps associated with Singapore’s ageing population and rising healthcare costs.
In 2025, nine in 10 seniors who applied for the insurer’s life insurance products were offered coverage.
The company also expanded access to its SilverCare personal accident plan for seniors and introduced Care Secure Pro, which provides long-term care protection.
These initiatives form part of Income Insurance’s efforts to address protection needs among an ageing population.
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Income Insurance Commits to Community Initiatives
The insurer committed $2.3m (S$4.2m)to multi-year community initiatives in 2025.
The initiatives covered areas including caregiver support, senior wellbeing and environmental sustainability.
Income Insurance also partnered with the National Council of Social Services to launch the $5.6m (S$10m) Income OrangeAid Caregiver Support Accelerator Grant.
The programme aims to strengthen the capabilities of social service agencies supporting caregivers.
Another initiative, the Child Secure Project, provides counselling support for children affected by a parent’s critical illness.
Employee Training on Responsible AI
Income Insurance also reported progress in its internal governance and responsible technology practices. As the use of data and artificial intelligence becomes an increasingly important part of its operations, the insurer has placed emphasis on ensuring employees understand responsible practices.
In 2025, 99% of employees completed mandatory training on data governance and responsible artificial intelligence. The training forms part of the company’s internal approach to strengthening data governance, promoting responsible AI practices and supporting awareness of how these technologies should be used within the organisation.
Outlook
Income Insurance’s 2025 Sustainability Report highlights its continued focus on climate transition financing, emissions reduction, electric mobility, protection gaps and community support. The insurer has committed $527.9 million (S$945 million) to green and climate-related investments, putting it closer to its $558.7 million (S$1 billion) climate transition financing target.
Alongside its investment commitments, Income Insurance is targeting a 40% reduction in emissions intensity across its public assets portfolio by 2030 and a 30% reduction in emissions intensity per gross written premium in its private motor portfolio. These efforts form part of its broader ambition to reach net zero by 2050, while its community and protection initiatives address caregiver support, senior wellbeing and other social needs.
FAQs
1. How much has Income Insurance committed to green and climate-related investments?
Income Insurance has committed $527.9 million (S$945 million) to green and climate-related investments.
2. What is Income Insurance’s climate transition financing target?
The insurer is working toward a $558.7 million (S$1 billion) climate transition financing target.
3. What are Income Insurance’s 2030 emissions targets?
Income Insurance targets a 40% reduction in emissions intensity across its public assets portfolio and a 30% reduction in emissions intensity per gross written premium in its private motor portfolio by 2030.
4. What is Income Insurance’s long-term climate goal?
The insurer has an ambition to reach net zero by 2050.
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