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 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. 

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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
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Our green products and services

Minimising environmental impact through our products and services

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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