Our business helps our customers to manage the risks of everyday life and protects them long into the future. We must be there for them throughout their lifetime and beyond, so it’s crucial that we are a sustainable business.
Our business helps our customers to manage the risks of everyday life and protects them long into the future. We must be there for them throughout their lifetime and beyond, so it’s crucial that we are a sustainable business.
We take our approach to open and honest disclosure of our management of environmental, social and governance considerations very seriously.
In both our annual report and corporate responsibility report, we discuss our strategy to manage these issues, and our performance and progress against our targets. We do this because it demonstrates that our business is managed in a responsible and sustainable way.
In the past few months Aviva has been recognised by a number of investor related and public interest indices as a leading company in terms of its actions in the top companies in the world.
STOXX ESG Global Leader
The STOXX index collates together environmental, social and governance (ESG) information on top European organisations. Aviva membership of STOXX informs investors that we have good management of ESG issues, however, the ESG ratings allow investors to gain further information on the position within the Index with individual ratings on environmental, social and governance. Aviva is rated as a Global ESG leader – we are in the leading pack with scores above Zurich, Prudential, Old Mutual, Axa and Allianz. STOXX rated us as one of the top ten companies in their index for our governance structure.
www.stoxx.com
Dow Jones Sustainability Index
Aviva has improved its ranking in the Dow Jones Sustainability Index (DJSI) score of 73 (2010:71).
We are included in both the DJSI World Index and the DJSI Europe Index. The DJSI World Index captures only the top 10% of sustainable companies out of the biggest 2,500 companies worldwide, while the DJSI Europe features only the top 20% of sustainable businesses out of 600 European-based companies.
Companies are measured on their economic, environmental and social performance, as well as on issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labour practices.
www.sustainability-index.com
Carbon Disclosure Project
The Carbon Disclosure Project measures a company’s performance in relation to management of climate change risks and opportunities. After disclosing all of our carbon related emissions, our projects and programmes toward managing climate change we were awarded a score of 80% this year, up 10% on our 2010 result.
For the insurance sector we have come in fourth position after Axa, Allianz and Swiss RE.
www.cdproject.net
ClimateWise
Aviva is a founding member of ClimateWise, an insurance sector collaborative initiative which seeks to address the challenge climate change for the insurance sector through six principles. Each year companies report their progress against each principle and this year Aviva scored 100% compliance against each principle.
Read more on Aviva's 2011 ClimateWise response
Carbon Clear
Carbon Clear, a carbon management company, researched the extent and quality of carbon management reporting amongst FTSE 100 companies in June 2011.
The research focused on four main competency areas: carbon footprint; carbon reduction targets; carbon reduction activities; and engagement. Aviva have been ranked as the third top organisation behind Marks and Spencer and BSkyB.
Newsweek 2011 Green Rankings
The US publication Newsweek has published a list of the ‘greenest’ global companies based on an organisation’s environmental footprint,policies and transparency.
Aviva is ranked as the 28th company in the global 500. Although Munich Re ranked first place there were no other organisations in our peer group placed ahead of Aviva.
www.thedailybeast.com/topics/green-rankings.html
CR Report
And our 2010 CR Report was rated as the fifth best CR Report in the FTSE100 by the Radley Yeldar report ‘How does it stack up’.