Zhi Ling Wong, who spent over a decade creating ESG threat frameworks for the British lender in response to world laws, is likely one of the key APAC appointments the life insurer has made after its sustainability revamp in 2023.
Life insurer Prudential has made a senior rent in Asia Pacific, following two key appointments from the area earlier this yr after refreshing its sustainability technique in 2023.
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Zhi Ling Wong – who was with the British lender Normal Chartered Financial institution for over a decade – is Prudential’s new director of governance and controls, underneath the group’s sustainability workforce led by its chief sustainability officer Diana Guzman.
Wong mentioned in a LinkedIn replace that her position will contain “advancing sustainability governance” and dealing with native companies to steer “transparency, accountability and preparedness within the face of an more and more advanced environmental, social and governance (ESG) regulatory panorama.”
Earlier than departing Normal Chartered Financial institution in early September, Wong had helmed its status and sustainability threat frameworks workforce, the place she oversaw the event of ESG threat administration insurance policies – which prolonged to greenwashing dangers – in response to world laws. She is going to proceed to be based mostly in Singapore.
In 2022, Prudential launched the precept of double materiality as a part of its threat taxonomy revamp, which recognises the corporate’s affect on the atmosphere and society at giant – not simply how sustainability points have an effect on its monetary efficiency – as a strategic threat.
As a part of its new sustainability technique unveiled final yr, the insurance coverage group – which has already pledged to turn into a net-zero asset proprietor by 2050 – dedicated to chop its weighted common carbon depth by 55 per cent by 2030 in addition to to roll out sustainability-linked key efficiency indicators for all managers by 2026.
Guzman had beforehand advised Eco-Enterprise that the agency can also be trying to appoint a director of social sustainability to discover how social elements have an effect on the enterprise.
