Bangkok: Muang Thai Life Assurance Public Company Limited is making significant strides in integrating Environmental, Social, Governance, and Economic (ESG) initiatives into its corporate strategy, as it aims to achieve a net-zero carbon footprint. The company is committed to achieving net-zero greenhouse gas emissions for Scope 1 and 2 by 2030, marking a pivotal move in addressing the climate change crisis while enhancing customer experiences.
According to Thai News Agency, Muang Thai Life Assurance's Chief Executive Officer, Mr. Sara Lamsam, emphasized the importance of balancing business growth with social responsibility and environmental impact reduction. Under the concept of 'Boost Your Happiness by Our People,' the company focuses on developing its human resources and delivering products and services that meet customer needs throughout their lives. The company's 2025 Sustainability Report, prepared under the Global Reporting Initiative (GRI) framework, highlights its commitment to transparent and verifiable business practices.
The company is also addressing the needs of an aging society in Thailand, as preventative healthcare, long-term health protection, and retirement planning gain prominence. Muang Thai Life Assurance aims to provide sustainable business solutions through good governance, risk management, and innovation.
Demonstrating its commitment to environmental responsibility, the company has received the LEED Gold award for two of its buildings, the Sarnsara Learning Center in Ratchaburi Province and 66 Tower. These accolades underscore its dedication to integrating environmental care into its business operations.
Furthermore, Muang Thai Life Assurance is enhancing insurance accessibility and equality, focusing on comprehensive care for the elderly through the "SILVER Readiness by MTL" strategy. This includes initiatives like connecting health ecosystems, nursing home networks, and launching Smart Silver and Smart Silver Plus projects to cater to an aging population.
The company also reinforced its leadership in the industry with a robust financial standing and a commitment to responsible investment. Notably, Muang Thai Life Assurance is the first life insurance company in Thailand to sign the UN-Supported Principles for Responsible Investment (PRI), with plans to increase its investment in ESG-focused assets to 16 billion baht by 2028.