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The multinational insurance company Aviva has pledged net zero emissions from investments by 2040. Aviva has created a step-by-step plan of carbon reduction targets to reach and will track progress through public reporting. Currently, the company is tackling coal by no longer working with companies who make more than 5% of their revenue from coal unless they sign up for the Science-Based Targets initiative (an initiative that provides companies a plan to reduce emissions in alignment with the Paris Agreement).
According to our PESTEL Scope, the article has heavy sentiments on the economy with the environment only secondarily being mentioned. This suggests this article is heavily focused on the financial outcomes of carbon neutrality more than the environmental. Overall our analysis of this article suggests that when taking on green initiatives for the good of the planet the economy and investor interests are more than important to consider as well.
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