Muang Thai Life Assurance is the first life insurance company in Thailand to sign the Principles for Responsible Investment (PRI), an internationally supported investment principle by the United Nations.
Mr Sara Lamsam, Chief Executive Officer of Muang Thai Life Assurance, revealed that the company aims to achieve long-term investment returns under an appropriate level of risk to meet the goal of being a stable and strong life insurance company in terms of finance, service, and branding.
The company operates its business according to corporate governance principles and sustainable development guidelines, under good corporate oversight and appropriate risk management, while considering the balance in environmental, social, and governance and economic (ESG) dimensions to create sustainable smiles and happiness for all stakeholders.
The company believes that responsible investment principles, which consider good corporate governance as well as the social and environmental impacts of the businesses being invested in, in addition to considering returns and investment risks, will help maximize benefits for investors and create long-term sustainability for the overall capital market.
Mr Sara said, “Muang Thai Life Assurance is very pleased to have signed the Principles for Responsible Investment (PRI Signatory) to demonstrate our commitment to adhering to widely accepted and practiced investment principles at the international level. This aligns with the United Nations Sustainable Development Goals, and we hope to collaborate with other signatories to drive towards responsible and sustainable investment goals.”
Mr David Atkin, CEO of the PRI said, “We are delighted to welcome Muang Thai Life Assurance as the first Thai insurance company to become a signatory of the PRI. The insurance industry plays a key role in developing a holistic approach that incorporates sustainability issues in risk assessment, and we look forward to working with MTL to further the understanding of responsible investment in the region.”
Muang Thai Life Assurance has established an Environmental, Social, and Governance (ESG) policy for investments since 2019 and developed it into a responsible investment policy in 2024. This includes applying responsible investment principles throughout the investment process, from security selection and analysis for portfolio creation to engagement with invested businesses and collaboration with market participants to enhance the company’s investments and contribute to the overall development of the capital market, reported Mitihoon.