As an international insurance group, risk management is at the heart of what we do.
We’ve looked at the environmental risks that we face as a business at a global and local level and found the most significant of these is the potential impact of climate change on our customers’ lives and our company’s assets.
We take various steps to mitigate that risk, and outline these as part of our climate-related financial disclosure.
In July 2017 the Financial Stability Board’s Taskforce for Climate-related Financial Disclosure (TCFD) launched the final version of their recommendations on corporate disclosure, which Aviva Investors was involved in shaping. The report sets out how businesses should disclose climate-related financial risks and opportunities within the context of their existing disclosure requirements.
We have taken this as the guide for our own disclosure. We included a high-level response within our 2016 Aviva Annual Report and Accounts and 2017 Aviva Annual Report and Accounts. Our latest more detailed responses can also be found below:
Our 2016 response to recommendations from the Financial Stability Board‘s Taskforce on Climate related Financial Disclosure (TCFD) (PDF 1.8MB)