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
Understand the difference between Net Zero and carbon neutral (PDF 370KB)
Becoming Climate Ready
- Emissions and mitigation
- Environment and adaptation
- Economy and business
- Society and community
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 2022, we continued our work to align our business to a 1.5ºC Paris target. In March 2022 we released our first Climate Transition Plan, outlining our pathway to achieving Net Zero by 2040. Quantifying the impact of climate change is an emerging practice. We have made several methodology improvements in 2022 and will continue to enhance our capabilities in line with industry developments and standards. In December 2022, Aviva became the first international composite insurer to have carbon-reduction goals validated by the Science Based Targets initiative (SBTi)².
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.
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.
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.
Our green products and services
Minimising environmental impact through our products and services
Read more about how we're acting on climate change, building stronger communities and embedding sustainability into our business.
Funding the future
Investing in UK infrastructure
Dormant assets scheme
A force for good at a time of crisis
Perth Solar Project
Powering our future with renewable energy
Making inclusion integral
Making inclusion integral to how we treat our customers, clients, partners and people
Minimising the environmental impact of the claims we process
Supporting our customers when they need us most
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
² The SBTi Net-Zero Standard defines corporate Net Zero as: (i) Reducing Scope 1, 2 and 3 emissions to zero or to a residual level that is consistent with reaching Net Zero emissions at the global or sector level in eligible 1.5°C-aligned pathways; (ii) Neutralising any residual emissions at the Net Zero target year and any GHG emissions released into the atmosphere thereafter. See Science Based Targets that Aviva has committed to https://sciencebasedtargets.org/resources/files/Target-language-and-summary_Aviva-plc.docx.pdf