A message from our Group CEO
Net Zero by 2040
Our demanding climate goals
The climate crisis is the greatest threat facing our planet. Taking action now is the best thing we can do for our customers, business, shareholders and future.
In March 2021 we announced our demanding climate goals to:
- Become a Net Zero company by 2040 1
- Achieve a 25% reduction in carbon intensity of assets by 2025, and 60% by 2030 1
- Have Net Zero operations and supply chain by 2030
Aviva has a strong record in promoting sustainability
The scope and scale of the environmental crisis facing all of us means we have to do more. Which is why we were the first major insurer and UK financial services company to target Net Zero by 2040.
In 2020, we continued our work to align our business to a 1.5ºC Paris target. We also beat our 2030 carbon emissions reduction target a decade early, achieving a 76% reduction against a baseline of 2010. In addition, Aviva invested £11.7 billion in green assets. This includes £7.2 billion in low carbon infrastructure, such as wind farms and solar panels, £3.2 billion in green and sustainable bonds and £1.3 billion in specific climate funds.
More details of our 2020 environmental and climate-related actions, including KPIs and indicators, can be found in our:
Aviva and WWF
Aviva and WWF
We know we can’t solve the climate crisis alone. That’s why we’re partnering with WWF, the world’s leading conservation organisation, who share our belief that now is the time to take urgent action on climate change to help create a better tomorrow for both people and planet.
At Aviva we’re incredibly proud to be promoting the vital reorientation of capital away from short-term thinking and towards more sustainable financial markets. To make these changes we need a globally coordinated strategy and response.
Read more about how we're acting on climate change, building stronger communities and embedding sustainability into our business.
Aviva Community Fund
Supporting causes that make a real difference
Using unclaimed shareholder assets for public benefit.
British Red Cross partnership
We’ve worked with the British Red Cross since 2016 to help communities become safer and stronger in times of uncertainty and crisis.
Perth Solar Project
Powering our future with renewable energy
Dormant assets scheme
A force for good at a time of crisis
Supporting our customers when they need us most
Minimising the environmental impact of the claims we process
Making inclusion integral
Making inclusion integral to how we treat our customers, clients, partners and people
Human rights and our Modern Slavery Act statement
Supporting the human rights and anti-modern slavery agenda
Funding the future
Investing in UK infrastructure
1 This will cover shareholder and policyholder assets where we have control and data; and the main asset classes of Aviva’s core markets (credit, equities, direct real estate and sovereign debt). We will be able to expand this further as new data and methodologies become available. For more details please see www.aviva.com/climate-goals