Aviva | Council for Inclusive Capitalism

Aviva is one of the UK’s leading Insurance, Wealth and Retirement businesses, with 18.7 million customers in the UK, Ireland and Canada. We have been taking care of people for more than 325 years. We live in the same streets and work in the same towns. We are deeply invested in our people, our customers, our communities and the planet that is our home.

Purpose

Our purpose is to be with you today for a better tomorrow. We’re there to protect the things that matter most to our customers: their homes and belongings, their health and wealth, their future and their families.

As our customers grapple with the financial puzzles in their lives, we'll be right there to help solve them. We’re with them when it matters in the moment, and we’re thinking about what’s needed for tomorrow too. The world is undergoing momentous change: a climate in crisis, social unrest, conflict, natural disasters and economic uncertainty. Amongst all that, our customers are trying to make life work, trying to do the best for their families or their businesses.

The way we serve people has never been more important, and we’re going further to help them make sense of it all. Delivering on our promise to customers is how we live up to our purpose to be with you today, for a better tomorrow.

Amanda Blanc

CEO, Aviva

Find out more

We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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People

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Principles of Governance

Prosperity

Summary

Aviva Plc aims to reduce it's operational scope 1 & 2 market-based emissions by 90% by 2030, from a 2019 baseline.

Activities & Initiatives

Aviva Plc follows the Science-based targets (SBTi) methodology to reduce market-based scope 1 & 2 emissions. The aim is to reduce emissions through a combination of energy efficiency initiatives, installing on-site renewables, and smart purchasing of energy.

Measures & Targets

Aviva Plc measures progress by annually reporting on our scope 1 & 2 market-based emissions with an aim to reduce them by 90% by 2030, from a 2019 baseline.

Summary

Aviva Plc aims to achieve a 25% reduction in carbon intensity of investments by 2025*, 60% by 2030 and net zero by 2040.

Activities & Initiatives

Aviva Plc aims to achieve a 25% reduction in carbon intensity of investments by 2025*, 60% by 2030 and net zero by 2040

*Our 25% by 2025 ambition covers equities and corporate bonds in shareholder and with-profit investments. We will share our expanded 2030 ambition as part of annual reporting

Measures & Targets

Aviva Plc will measure progress by using carbon footprinting and carbon intensity data to assess the exposure of our assets, and measuring the portfolio temperature alignment to the Paris Agreement target, with an aim to achieve a 25% reduction in carbon intensity of investments by 2025*, 60% by 2030 and net zero by 2040. In addition we are tracking our investment in sustainable assets

*Our 25% by 2025 ambition covers equities and corporate bonds in shareholder and with-profit investments. We will share our expanded 2030 ambition as part of annual reporting

Summary

Aviva Plc aims to make 10 million people more resilient to climate, financial and health shocks between 2020 and 2025

Activities & Initiatives

Aviva Plc will continue to work with our people, customers and partners to build strong and resilient communities, by investing an average of 2% of Group adjusted operating profit in the community to support a total of 10 million people from 2020-2025.

Measures & Targets

Aviva Plc will measure that an average of 2% per annum of Group adjusted operating profit is invested in the community to support a total of 10 million people from 2020-2025.

Summary

Aviva Plc aims to meet their ambitions by the end of 2023, we will continue to support all our communities with a strong focus on our set target of 40% women in senior management.

Activities & Initiatives

Aviva Plc will:

Pursue external recognition (e.g. stonewall, social mobility index, disability confident, carers UK etc.),
Continue women's sponsorship, reverse mentoring, and ethnically diverse leadership programmes
Collate colleagues' diversity data, inlc. socio-economic, carer, disability status and background etc.
Monitor annual engagement survey and split by different communities.

To meet the ambition to run 3 diversity programmes annually and have 40% women in senior management by the end of 2023

Measures & Targets

Aviva Plc will measure progress by tracking the percent of women in senior leadership.

Summary

Aviva Plc aims to meet their ambitions by the end of 2023, we will continue to support all our communities with a strong focus on our set target of 12.5% ethnically diverse senior leadership.

Activities & Initiatives

Aviva Plc will:

Pursue external recognition (e.g. stonewall, social mobility index, disability confident, carers UK etc.),
Continue women's sponsorship, reverse mentoring, and ethnically diverse leadership programmes
Collate colleagues' diversity data, incl. socio-economic, carer, disability status and background etc.
Monitor annual engagement survey and split by different communities.

Aviva Plc aims to meet their ambitions by the end of 2023, we will continue to support all of our communities with a strong focus on our set target of 12.5% ethnically diverse leadership.

Measures & Targets

Aviva Plc will measure progress by tracking the percent of ethnic diversity in senior leadership.

Summary

Aviva Plc aims to run 3 inclusion programmes annually aimed at boosting diversity.

Activities & Initiatives

Aviva Plc will:

Pursue external recognition (e.g. stonewall, social mobility index, disability confident, carers UK etc.),
Continue women's sponsorship, reverse mentoring, and ethnically diverse leadership programmes
Collate colleagues' diversity data, inlc. socio-economic, carer, disability status and background etc.
Monitor annual engagement survey and split by different communities.

To meet the ambition to run 3 diversity programmes annually.

Measures & Targets

Aviva Plc will measure progress by tracking the number of diversity programmes run annually.

Sign up your company

Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.