Our climate ambition
The climate crisis represents the greatest long-term threat to life on our planet and societies. We must be active, ambitious and impactful in the face of climate change to shape a better future.
That’s why our ambition is to become a net zero emissions asset manager by 2040*. This won’t be easy, but we believe the impact and consequences of not acting are far more damaging that the transition to a more sustainable economy.
"The looming climate crisis needs action to reposition economies and societies on a more sustainable footing. We support the commitments set out in the Paris Agreement and believe mitigation of, and adaptation to, climate change is essential to safeguard our clients’ investments." - Mark Versey, Chief Executive Officer
*This will cover all asset classes and investment funds that we manage on behalf of Aviva. Third-party clients are invited to express a preference as to whether they would like the Aviva climate commitment to apply to their portfolio. Customers in collective investment funds will be consulted in line with regulatory requirements.
We are proud to be members of the Net Zero Asset Managers initiative (NZAM) and the Glasgow Financial Alliance for Net Zero (GFANZ) as part of the Race to Zero.
Our climate goals
Climate change is the biggest global systemic risk of our time as well as the biggest market failure in history1. We must act because it is in the best interests of our clients as well as the integrity of the market. We must act because we have the power to do so and it is the right thing for the planet and all life in it.
Shaping the climate debate in a critical year for our planet
2021 presents opportunities for the big, bold change needed to address the climate crisis. With the postponed COP26 UN climate summit due to take place in November, in addition to major, international focal points including the G7, G20, and UN General Assembly, among others.
As the international community still lacks a comprehensive finance strategy for the Paris Agreement, Aviva has been convening a multi-stakeholder coalition of organisations to call for the creation of an International Platform for Climate Finance (IPCF). This new platform will aim to harness the financial system in support of global climate goals, so that the financial sector changes to support the wider economic transition needed for net zero.
See change in action
Climate change is the biggest systemic challenge of our time. Discover how we're approaching climate action and supporting the transition to a low-carbon and climate-resilient world.
This is what climate action looks like
We're on a mission to rewrite the future of investing and create a climate of change. It takes Aviva Investors.
Our climate transition capabilities
Find out how we're seeking transition ready companies to diversify returns and tackle complex challenges like climate change.
Key milestones through a history of climate action
We have been at the forefront of climate action for decades. Our micro-stewardship centres on our investments. We use our shareholder voice to actively engage and support companies in changing corporate behaviours. At a macro level, we have a long history of involvement on climate change policy, engaging with policymakers, global governance bodies and regulators to correct market failures and bring about transformational change.
Harnessing the power of COP to bring about transformational change. Aviva Investors was present at the signing of the Paris Agreement in 2015. Ahead of COP26, Aviva investors is calling for an International Platform for Climate Finance, a new mechanism to mobilise capital to tackle climate change.
Turning talk into action: ESG webcast series
Introducing 'Turning talk into action', a series of thought-provoking webcasts debating the biggest ESG issues with leading experts committed to change. Climate topics include TCFD and portfolio reporting requirements, the transition to net zero in real assets, investing to best support the transition to a low-carbon world, and others.
Real assets net zero pathway
In our commitment to achieving net zero in real assets, we outline the actions we will take to invest in low-carbon solutions and decarbonise existing assets across our portfolio.
Without a global finance plan, the climate moonshot will fail
13 Oct 2021
If the world is to achieve the goals of the Paris Agreement, the international financial architecture needs far stronger coordination under a re-tooled OECD, writes Steve Waygood.
From outside-in to inside-out: Transforming finance for impact
8 Oct 2021
To meet the goals of the Paris Agreement, finance must embrace a holistic approach to managing its impact on the environment. Eric Usher, head of UNEP FI, talks to AIQ about this shift in focus and the importance of public and private sector collaboration.
Disclosures, trade-offs and green premia: The future of sustainability in real assets
7 Oct 2021
The path to a sustainable future for private markets is full of opportunity but also complexity, as Laurence Monnier and Ed Dixon explain.
Actions and words: An interview with Dale Vince
6 Oct 2021
The prominent climate change campaigner and founder of green energy supplier Ecotricity discusses biogas, the energy crisis and the need for a shake-up in government policy to achieve net zero in a wide-ranging interview with AIQ. Words by Miles Costello.
What does the data say? Ice meltdown, unicorns and green pensions
23 Sep 2021
In this month’s instalment of our visual series on topical data themes, we look at melting ice caps, the rising value (and volume) of ‘unicorn’ companies, and the hidden power of your pension.
The climate wars: Why rising temperatures mean rising conflict
23 Sep 2021
With tensions set to rise further as disputes over scarce resources intensify, we look at the geopolitical, economic and investment implications.
Crisis or opportunity of a lifetime? Rethinking the future of the planet
7 Sep 2021
Will a world beset with challenges spin into catastrophic breakdown or spur humanity to change and reach new heights? John Elkington, widely regarded as the ‘godfather of sustainability’, contemplates the future with AIQ.
What does the data say? Climate change, real yields and live TV
27 Aug 2021
In the latest instalment of our visual series on topical data themes, we look at the latest IPCC report, the significant decline in US real yields and people’s live TV versus streaming habits.
Pricing carbon: Taxing polluters is the only way forward
26 Aug 2021
Nearly three decades after it first agreed to tackle climate change, the world has failed miserably to curb the growth in CO2 emissions. To succeed, it urgently needs to establish an effective price for carbon.
24 Aug 2021
Can investors rely on data from companies about their efforts to reduce carbon emissions?
Climate emergency: The state of the planet
24 Aug 2021
The Intergovernmental Panel on Climate Change Sixth Assessment Report brings together conclusions from the latest scientific studies on the physical science of the climate system. Aviva Investors’ climate specialist Rick Stathers assesses the evidence and the implications for investors.
The going gets tough: Can heavy industry decarbonise?
23 Aug 2021
Heavy industry and heavy transport are hard to decarbonise, but this must be done to reach net-zero emissions by 2050. Can companies, policymakers and investors join forces to make it happen? The race is on…
Action now! Landmark legal ruling could have far-reaching implications for investors
23 Aug 2021
With climate action frustratingly slow, the legal profession is being called in to accelerate the pace of change.
Building brands that sell directly to consumers
20 Aug 2021
The trend towards selling goods and services directly to consumers is transforming consumer brands and the world of shopping. Companies are learning how to interact directly with consumers, using new marketing techniques and a vast amount of data to influence their behaviour. However, the relationship between brands and consumers is fragile, and allowing trust in a brand to erode can be fatal.
No more command and control: To deliver for clients, asset managers need to be agile
12 Aug 2021
Asset managers need to dismantle hierarchies and promote diversity of thought if they are to future-proof their businesses. They can learn valuable lessons from tech companies, military leaders and even ancient philosophers, writes Apiramy Jeyarajah.
Will accountants save the world? An interview with Richard Murphy
6 Aug 2021
A shake-up in company reports and accounts to consider companies’ environmental impact could radically alter the way they are assessed, argues the influential political economist and accountant.
Play your part: Investing to support the climate transition
Today, the climate investment landscape is a veritable mixed bag of active and passive approaches covering a broad spectrum of investment universes and objectives. In this paper, we explore some of the pitfalls of first-generation climate strategies, the meaning of Paris or net zero aligned investments, and the benefits of adopting a holistic approach to climate change investing with a focus on science-based targets.
The Glasgow Financial Alliance for Net Zero (GFANZ) brings together net zero alliances from across the finance sector as part of the Race to Zero. We are also proud to support Aviva’s leading role in GFANZ through our Group CEO Amanda Blanc, who is part of the GFANZ Principals Group.
1. The Economics of Climate Change: The Stern Review is a landmark study that was published on 30 October 2006.
Note: ESG and Climate related engagement, goals and exclusions can vary at the investment strategy and portfolio level depending upon country, jurisdiction and individual client needs.