Aviva’s Sustainability Ambition: Creating a Better Tomorrow
Aviva has been a recognised leader on sustainability issues for decades. We have now taken the next step in fulfilling our purpose to be with people today for a better tomorrow.
Sustainability is a fundamental part of Aviva’s strategy and integral to what we do as a business.
We spoke with over 9,000 people: our customers, investors, intermediaries, employees and other organisations we work with, to understand how we can make the biggest impact. What they told us led to our sustainability ambition, which sets out our commitment to create a brighter future.
This is focused on three core areas – acting on climate change, building stronger, more resilient communities and embedding sustainability in our business.
It is complemented by clear governance and decision-making, transparent reporting and by proactively engaging our stakeholders.
Acting on climate change
Aviva is taking bold steps to tackle the climate crisis. Our plan is 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
- Help the markets we operate in (UK, Ireland and Canada) become climate-ready
Building stronger communities
The coronavirus pandemic is the latest example of how unexpected events can turn people’s lives upside down. We will work with our customers, communities and partners to build back a stronger economy, and help more people get the insurance protection and income in retirement they need for a bright future.
Our goals are:
We recognise the strength that comes from working as one team, collaborating and winning together for Aviva, for each other and for our customers. Our sustainability ambition will be an integral part of how we run our business. This includes ensuring clear accountability for action, transparent reporting, respecting human rights and ensuring we are an employer of choice through our focus on diversity and inclusion, health and wellbeing.
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 Based on adult population only (18+ years)
3 Percentage of Group Adjusted Operating Profit