AIA Group Limited is a leading life insurance company based in Hong Kong, with a strong presence across Asia-Pacific region. With a history dating back to 1919, AIA has been providing life insurance products and services to individuals and businesses for over a century. Today, the company has over 36,000 employees and serves over 34 million customers in 18 markets across the region.

As a responsible corporate citizen, AIA is committed to promoting sustainability and decarbonisation in its operations and business practices. The company recognizes the urgent need to address climate change and reduce greenhouse gas emissions to mitigate its impact on the environment and society. To this end, AIA has set ambitious targets to reduce its carbon footprint and increase the use of renewable energy in its operations.

One of the key ways in which AIA is reducing its carbon footprint is through corporate energy management. The company has implemented a comprehensive energy management system that monitors and optimizes its energy use across its offices and facilities. This system includes energy-efficient lighting, heating, and cooling systems, as well as the use of renewable energy sources such as solar and wind power. AIA has also invested in energy-efficient technologies such as building automation systems and smart meters to further reduce its energy consumption.

In addition to energy management, AIA is also exploring corporate power purchase agreements (PPAs) as a way to increase its use of renewable energy. A PPA is a contract between a renewable energy developer and a corporate buyer, in which the buyer agrees to purchase a certain amount of renewable energy from the developer over a specified period of time. PPAs can help companies like AIA to reduce their carbon footprint and increase their use of renewable energy, while also providing a stable and predictable source of energy at a competitive price.

AIA has already signed several corporate PPAs for renewable energy in different markets across the region. For example, in 2019, the company signed a 10-year PPA with a solar developer in Vietnam to purchase 100% of the energy generated from a 46 MW solar power plant. This PPA is expected to reduce AIA's carbon footprint by over 100,000 tons of CO2 over the life of the contract.

AIA is also exploring other innovative solutions to promote renewable energy and decarbonisation. For example, the company has launched a green bond program to finance renewable energy projects and other sustainable initiatives. AIA's green bond program has raised over $1 billion to date, and the proceeds are being used to fund projects such as solar and wind power plants, energy-efficient buildings, and sustainable transportation.

AIA is also working with its suppliers and partners to promote sustainability and decarbonisation across its value chain. The company has developed a supplier code of conduct that includes environmental and social criteria, and it works closely with its suppliers to ensure that they meet these standards. AIA also collaborates with other stakeholders such as governments, NGOs, and industry associations to promote sustainable development and decarbonisation in the communities where it operates.

In conclusion, AIA Group Limited is a leading life insurance company that is committed to promoting sustainability and decarbonisation in its operations and business practices. The company recognizes the urgent need to address climate change and reduce greenhouse gas emissions, and it has set ambitious targets to reduce its carbon footprint and increase the use of renewable energy. Through its corporate energy management, corporate PPAs, green bond program, and other initiatives, AIA is leading the way in promoting sustainable development and decarbonisation in the Asia-Pacific region.