A message from our Group CEO

Net Zero by 2040

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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

Understand the difference between Net Zero and carbon neutral (PDF 370KB)

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 2021, we continued our work to align our business to a 1.5ºC Paris target. By the end of 2021 Aviva had invested £7.6 billion in green assets. This includes £4.4 billion in low carbon infrastructure, such as wind farms and solar panels, £1.6 billion climate transition funds and £1.6 billion in green, social and sustainable bonds as well as green and sustainability-linked loans.

While we are working towards our Net Zero 2040 ambition, we acknowledge that we have relationships with businesses and existing assets that may be associated with significant emissions. Over time our work will include reviewing these arrangements with the aim of aligning them to our Net Zero 2040 ambition.

More details of our 2021 environmental and climate-related actions, including KPIs and indicators, can be found in our:

Our partnerships and propositions

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. 

Find out more

Sustainable finance

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.

 

Changing the financial system

Our green products and services

Minimising environmental impact through our products and services

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Our people

Our people tackling climate change together

Climate action across Aviva's staff.

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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