PNB MetLife rolls out Sustainable Equity Fund

PNB MetLife India Insurance Company Limited (PNB MetLife), a life insurer that recently announced the launch of its 20 new branches across the country, is announcing the launch of Sustainable Equity Fund.

The new fund which is part of the PNB MetLife Goal Ensuring Multiplier plan, would enable customers to maximise returns while having a good impact on society. It will invest the customers' premium in organisations that are setting the standard for environmental, social, and governance (ESG) practises.

"At PNB MetLife, sustainability is central to our business strategy and directs every aspect of our operations. We recognise the importance of sustainable investing and are committed to offering products that align with our company purpose and our customers’ values. The Sustainable Equity Fund reflects our dedication to creating long-term value for our policyholders while contributing to a sustainable future. Our customers can support sustainable investing and make a positive impact on society by investing in companies that are at the forefront of ESG," said Sanjay Kumar, chief investment officer (CIO), PNB MetLife.

PNB MetLife counts MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), M. Pallonji and Company Private Limited, Jammu & Kashmir Bank Limited (JKB), and other private investors as its shareholders with MIHL and PNB (Punjab National Bank) being the majority shareholders.

The Sustainable Equity fund has a diversified portfolios of companies with a balanced exposure to various sectors alongwith promoting ESG principles. These companies prioritise sustainable practices, including reducing carbon emissions, promoting diversity, equity and inclusion, and maintaining strong corporate governance.

These companies place a high value on sustainable behaviours, such as cutting carbon emissions, fostering diversity, equity, and inclusion, and upholding sound corporate governance. Therefore, the fund enables its policyholders to directly contribute to a sustainable future by investing in these firms.