Investing to enhance and restore our natural capital
We help our clients enhance and restore the world’s natural capital. We do this by investing in nature-based solutions to support climate goals, protect ecosystems, and promote human wellbeing and biodiversity. Returns are generated from timber, carbon, land appreciation and other associated nature-based revenues.
Enabling a tangible path to net zero
Residual carbon is inevitable in virtually all operational businesses. Nature-based carbon removal solutions are key enablers to reach net zero ambitions. They can be used in partnership with operational decarbonisation by corporates, public institutions and pension funds.
Measured positive nature and social impacts
Investments in natural capital can drive sustainable economic growth by creating green jobs and income for those often living in rural areas. Moreover, investing in nature-based solutions supports diverse species and enhances ecosystem resilience by protecting and restoring ecosystems.
Diversification and alternative green investments
Natural capital assets can offer sustainable, long-term returns. These come via diversified income streams - such as from land value appreciation and the sale of ecosystem services such as carbon and timber. They also offer low correlation to traditional asset classes, reducing overall portfolio volatility.
Explore strategies and key performance data
Find the latest prices and performance data in our fund centre via the links below. If you have any questions, please contact our distribution team.
Aviva Investors Carbon Removal Fund
A private markets strategy that seeks to deliver measured social and environmental impact and deliver diversified returns through direct investments into high-integrity carbon removal solutions and their associated revenue streams.
Aviva Investors Climate Transition Real Assets Fund
A real assets strategy that seeks to deliver capital growth and income and make a positive contribution to the transition to a net-zero economy.
Creating value for and from nature
Our team’s technical expertise combines deep understanding of real assets investments, net zero pathways, carbon markets and nature-based solutions. We follow deep due diligence processes to deploy capital into high-integrity natural capital projects and nature-based solutions. We focus on targeted locations and project types, gaining deep knowledge of local markets and building strong relationships with development partners to create diversified portfolios of assets.
We also engage actively, both domestically and internationally, through our macro stewardship teams to ensure policy conditions support the prioritisation and scale-up of nature restoration and recovery.
Note: Targets and outcomes are not guaranteed and may not be achieved.
The circle of investments in nature
Investing in nature-based solutions projects improves and restores our natural capital stocks, bringing value to society due to our reliance on nature and its ecosystem services. Carbon, timber and other commodities are the market mechanisms that assign value to these ecosystem services, making them investable.
Investment insights
Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.
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Aviva Investors’ Social Value Label: Recognising achievements during construction
11 Nov 2025
The newly launched Aviva Investors’ Social Value Label recognises quality practice in the construction supply chain. It will be awarded to contractors who deliver social value when building commercial real estate.
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A tale of two priorities: Aligning financial flows to climate mitigation
30 Oct 2025
Financial flows shall be “consistent with low greenhouse-gas emissions and climate-resilient development”, according to Article 2.1.c of the Paris Agreement. Yet most finance continues to flow to business as usual. How can this change?
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Solid foundations: The case is building for infrastructure equity
3 Oct 2025
In this article Viktor Dietrich, Research Director for infrastructure, venture capital and natural capital, revisits the case for investing in European infrastructure equity. He suggests reasons why small-to-mid-sized opportunities should feature prominently on investors’ radar.
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Moving beyond decarbonisation: From climate targets to transition credibility
29 Sep 2025
Holistic stewardship across corporates, value chains, and sovereigns is essential to shaping viable, investable climate transitions. But its focus must now move beyond targets to the real-world delivery needed to make those targets achievable.
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Energy-intensive industries: Unlocking low-carbon investment
16 Sep 2025
Vital industries for UK growth like steel or cement are also energy intensive, and their decarbonisation is essential. We convened a roundtable of experts to discuss barriers and solutions to unlocking low-carbon investment opportunities.
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Step by step: Policy progress towards a low-carbon UK economy
1 Sep 2025
The UK government has published a raft of policies and action plans on decarbonisation over the past 12 months. We assess the progress to date and discuss what remains to be done.
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The power of governance: Our key takeaways from the 2025 AGM season
20 Aug 2025
While fewer shareholder resolutions were tabled at company AGMs, we continued to encourage high standards of corporate governance practice, recognising individual company context and the importance of long-term value creation.
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Show me the value: Investing in carbon removal, part three
11 Jul 2025
In this article, we explore the potential benefits of carbon removal strategies for institutional investors.
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MegaTRENDs: Why TRENDs matter for investing in private markets
27 Jun 2025
A set of megatrends is reshaping the world, creating new opportunities and risks for investments in private markets.
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Decarbonising agriculture: Unlocking investment in sustainable land use
17 Jun 2025
Agriculture is integral to reaching net-zero emissions and reversing nature loss. Its transition also presents huge investment opportunities. We held a roundtable of experts to discuss challenges and solutions.
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Show me the value: Investing in carbon removal, part two
2 Jun 2025
In this article, we explore the different types of carbon credits, the development of the markets on which they are bought and sold, and how institutions can use them to achieve their investment and sustainability goals.
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Show me the value: Investing in carbon removal, part one
28 May 2025
New markets are emerging to enable institutions to invest in nature and potentially achieve sustainability-related objectives alongside key financial outcomes.
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Sovereign engagement: Driving positive change while delivering long-term value
14 May 2025
Investor engagement with governments on their climate commitments can be a powerful complement to other forms of stewardship. It can also help investors identify opportunities and mitigate risks, says Thomas Dillon.
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Climate Stewardship 2030 programme
29 Apr 2025
Designed to support our holistic stewardship approach, Aviva Investors adopted its Climate Stewardship 2030 programme (CS30) in 2024.
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Decarbonising power: Challenges and solutions
28 Apr 2025
Decarbonising power is essential to provide affordable, clean energy and deliver net zero ambitions. It also brings significant investment opportunities. We convened a range of industry experts to discuss the barriers and how to overcome them.
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2025 voting trends: Four themes to watch
17 Mar 2025
As AGM season gets under way, we look at the key trends that will shape resolutions and lay out our guiding principles for voting.
Private Markets Study 2025
In the seventh edition of the study, we collected the views of 500 institutional investors around the world. We delved into some of the key questions facing private market investors today: Why do they invest in private markets? How do they expect the asset classes to perform over the next few years? What are the biggest barriers to investing today? And how do they incorporate sustainability?
House View
No one can predict the future. But our quarterly House View sets out the collective wisdom of our investment teams on the current state of global markets – and where they might be heading.
Key risks
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
Investment and currency risk
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.
Illiquid securities risk
Certain assets held in the fund could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile.
Sustainability risk
The level of sustainability risk to which the fund is exposed, and therefore the value of its investments, may fluctuate depending on the investment opportunities identified by the investment manager.
Natural capital team
Meet our natural capital investment team.
Greta Talbot-Jones
Director, Natural Capital / Portfolio Manager, Carbon Removal Fund
Zoe Austin
Portfolio manager
Kiran Sehra
Nature Specialist
Explore
Private markets
As one of Europe’s largest private markets investment managers, we have the scale to access the full depth and breadth of private markets. Find out more about our other private markets capabilities.