Our goals for taking action on climate change.
Aviva’s demanding climate goals
To create a better tomorrow, we need to look after the planet we call home. The climate crisis is a threat to life on this planet. If we are going to prevent the most catastrophic impacts, it’s going to take bold actions and real leadership by every sector of the economy.
Our plan to be a Net Zero company by 2040 is the most demanding set by any major insurance company in the world today. As part of this, we have set the target to be Net Zero in our own operations, and to have cut the carbon intensity of our investment by 60%, both by 2030.
Read more about our demanding climate goals.
Championing Renewable Energy
At the start of 2019, Aviva UK exited underwriting the standalone operational fossil fuel power market as part of its commitment to help tackle climate change. In July 2019 we became a founding signatory of the Powering Past Coal Alliance Finance Principles. Then in November we launched ‘Aviva Renewable Energy’ - an integrated package of insurance designed specifically to support large companies in the complex market of renewable energy, including onshore windfarms, solar power and battery storage. Overall, we have significantly reduced Aviva’s underwriting exposure to coal to practically zero.
Lower carbon investment
In 2019, Aviva assigned £717m of new investment in wind, solar, biomass and energy efficiency.
With now £3.8bn invested in low carbon infrastructure since 2015, we have exceeded our 2020 target of investing £2.5bn investment between 2015-2020.
Read more about our activities below.