March 1, 2021

Reinsurance News: Aviva intends to become a net zero company by 2040

  • Science4Data Article Insights
Book a Demo
  • This field is for validation purposes and should be left unchanged.
Science4Data Article Insights

https://www.reinsurancene.ws/aviva-intends-to-become-a-net-zero-company-by-2040/

Aviva intends to become a net zero company by 2040

2021-03-01 11:00:29, , ReinsuranceNe.ws

Content Categorization
/Finance/Insurance

Word Count:
905

Words/Sentence:
70

Reading Time:
9.05 min

Reading Quality:
Advanced

Readability:
16th or higher

Media Sentiment
Proprietary sentiment analysis on both the headline and body text of the article. Sentiment scores range from -1 (very negative sentiment) to 1 (very positive sentiment).
RCS Analysis
Relative scoring for Risk, Crisis, and Security language within the article.
Risk Score
Scoring based on the composite risk, security and crisis language within an article compared to a baseline of historic analysis across thousands of diverse articles.
PESTEL Scope
Analysis of article orientation across the PESTEL macro-environmental analysis framework. Learn more about PESTEL.
Entity Word Cloud
Key people, places, organizations and events referenced in the article, weighted by frequency and colored based on contextual sentiment.
Auto Summary
Condensing key features of the article based on salience analysis. Helpful for “gisting” the article in a time crunch.

For the world to reach Net Zero, it's going to take leadership and radical ambition.

However, the firm does expect to need to remove residual emissions in 2040 and will invest in nature-based solutions and other options to do this.

And it is going to take Aviva to play our part."

Kwasi Kwarteng, Business and Energy Secretary, added: "Businesses have a huge and vital role to play in tackling climate change.

Aviva's pledge should push others to outline their own ambitions to tackle the climate crisis head on and build a better world for our children."

UK insurer Aviva has unveiled plans to become a net zero carbon emissions firm by 2040, as the company sets targets ahead of those required by the Paris Agreement.

The Aviva plan includes net zero emissions from its investments by 2040; a cut of 25% in the carbon intensity of its investments by 2025 and of 60% by 2030; and net zero carbon emissions from its own operations and supply chain by 2030.

The company explains that it will include its scope 1, 2, and 3 emissions, and include shareholder assets and policyholder assets where Aviva has control over the decision making.

The insurer has established a pathway to achieve its goal with immediate actions and targets for 2025, 2030, and 2040, with progress towards its targets tracked through annual, public reporting.

Aviva is also taking further action on coal immediately.

Keywords

Share

Interested in Learning More?

Article Analysis is at the foundation of powerful media monitoring and insights. Learn what you can build with powerful curated search engines, real-time listening and trend analysis on the topics, markets and companies critical to your organization.