Income Insurance had deployed about S$945m (US$746m) in green and climate-related investments as of December 2025, against a S$1bn climate transition financing target, the Singapore insurer said in its 2025 sustainability report on 4 Sep 2026.
The composite insurer has cut absolute financed emissions from its public assets portfolio by close to 16% from a 2022 baseline and improved weighted average carbon intensity by more than 38% over the same period. It is targeting a 40% reduction in the portfolio’s emissions intensity by 2030 and net zero by 2050.
Income has also set a target to cut emissions intensity per gross written premium in its private motor portfolio by 30% by 2030. Its eDrivo car insurance covers electric vehicle drivers, including emergency mobile rescue when a vehicle runs out of charge in Singapore and parts of Malaysia, and accidental damage to public and private charging stations.
“For us, sustainability is about taking tangible actions that are win-win for the business and society – to create value responsibly,” said Shannen Fong, chief sustainability officer at Income Insurance.
The insurer committed S$4.2m to multi-year community initiatives in 2025, covering caregiver support, ageing and environmental programmes. It remains on track to contribute S$100m to community causes by 2030.
In 2025 it partnered with the National Council of Social Service to launch the S$10m Income OrangeAid Caregiver Support Accelerator Grant, a multi-year commitment to strengthen the frontline capabilities of social service agencies.
Nine in 10 seniors who applied for Income’s life insurance products in 2025 were offered coverage. The insurer introduced the Child Secure Project, which provides counselling for children affected by a parent’s critical illness, and Care Secure Pro, a long-term care plan.
The report comes as the insurer prepares for a leadership change, with chief executive Andrew Yeo due to step down at the end of 2026.
