Aviva must ditch new coal, oil and gas by COP26

Reclaim Finance criticizes Aviva for failing to align its financial activities with the 1.5°C climate goal, highlighting the company's continued investment in coal, oil, and gas developers. The statement calls for Aviva to close loopholes in its coal exclusion policy and commit to ending support for fossil fuel expansion before COP26.

• Aviva manages US$458 billion in assets as of 2020, giving its policy decisions significant influence over financial flows regarding the 1.5°C pathway.
• Aviva has received poor ratings in climate-related assessments, scoring 1 out of 10 for fossil fuel underwriting and 0 for investment and asset management activities in the Insurers ScoreCard, and 23 out of 100 in the 'Slow Burn' report.
• Aviva is identified as the 8th largest UK investor in companies on Urgewald’s Global Coal Exit List (GCEL), holding over $1.7 billion in assets across 127 coal companies.
• Aviva's pledge to exclude companies deriving more than 5% of revenue from coal starting in 2023 contains a loophole for companies signed up to the Science-Based Targets initiative (SBTi), which the document notes allowed the approval of RWE's targets despite plans to burn coal in Germany until 2038.
• Aviva lacks restrictions on oil and gas developers and continues to support high-risk activities including shale oil and gas, tar sands, and Arctic drilling.

APA

admin (2021). Aviva must ditch new coal, oil and gas by COP26. Reclaim Finance. https://reclaimfinance.org/site/en/2021/05/06/aviva-must-ditch-new-coal-oil-and-gas-by-cop26/

Chicago

admin. Aviva must ditch new coal, oil and gas by COP26. Reclaim Finance, 2021. https://reclaimfinance.org/site/en/2021/05/06/aviva-must-ditch-new-coal-oil-and-gas-by-cop26/.

Wikipedia

{{cite press release |last1=admin |title=Aviva must ditch new coal, oil and gas by COP26 |publisher=Reclaim Finance |date=6 May 2021 |url=https://reclaimfinance.org/site/en/2021/05/06/aviva-must-ditch-new-coal-oil-and-gas-by-cop26/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021aviva, author = {admin}, title = {{Aviva must ditch new coal, oil and gas by COP26}}, publisher = {Reclaim Finance}, year = {2021}, month = may, url = {https://reclaimfinance.org/site/en/2021/05/06/aviva-must-ditch-new-coal-oil-and-gas-by-cop26/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }