We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
Hugh Francis sits on Insurance Europe's Financial Reporting Working Group (last checked March 2023)
Hugh Francis (Director of external reporting developments Aviva, UK)
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InfluenceMap Data Point on Corporate - Influencer Relationship
Aviva Annuity UK Limited, Aviva Insurance Limited, Aviva International Insurance Limited, Aviva Investors Pensions Limited, Aviva Life & Pensions Ireland Limited, Aviva Life & Pensions UK Limited, Friends Life and Pensions Limited, Friends Life Limited, Gresham Insurance Company Limited, Ocean Marine Insurance Company Limited (all Aviva plc) are members of ABI which is a member of Insurance Europe
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
Hugh Francis sits on Insurance Europe's Financial Reporting Working Group (last checked March 2023)
Hugh Francis (Director of external reporting developments Aviva, UK)
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InfluenceMap Data Point on Corporate - Influencer Relationship
Aviva Annuity UK Limited, Aviva Insurance Limited, Aviva International Insurance Limited, Aviva Investors Pensions Limited, Aviva Life & Pensions Ireland Limited, Aviva Life & Pensions UK Limited, Friends Life and Pensions Limited, Friends Life Limited, Gresham Insurance Company Limited, Ocean Marine Insurance Company Limited (all Aviva plc) are members of ABI which is a member of Insurance Europe
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
Aviva Investors is a corporate member of EFAMA (last checked March 2023)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
Graeme Miller (Aviva Investors) is a member of the EFAMA board of directors
Graeme Miller
InfluenceMap Data Point on Corporate - Influencer Relationship
Aviva Investors is a corporate member of EFAMA (last checked March 2023)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
Graeme Miller (Aviva Investors) is a member of the EFAMA board of directors
Graeme Miller
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Aviva Investors Americas LLC is a member of SIFMA (last checked March 2023)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Aviva Investors Americas LLC is a member of SIFMA (last checked March 2023)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Aviva is a member of UK Finance which is a national association member of EBF (last checked March 2023)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Aviva is a member of UK Finance which is a national association member of EBF (last checked March 2023)
not specified
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In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Sustainable Finance Lobbying Overview: Aviva is a leader in advocating for regulation on sustainable finance, with subsidiary Aviva Investors contributing a significant proportion of its policy engagement.
Top-Line Messaging on Sustainable Finance Policy: Aviva has called for a “paradigm-shifting reorientation of the financial system” and has stated support for limiting global warming to 1.5 degrees and net-zero by 2050. Aviva has consistently advocated for policymakers to increase the ambition of sustainable finance policy in the EU, UK and globally. For example, in a 2022 joint paper with WWF, Aviva stated support for introducing alignment with net-zero by 2050 as a statutory secondary objective for UK financial regulators. In 2022, Aviva further advocated for aligning global financial flows with the post-2020 global biodiversity framework and for integrating biodiversity-related issues into financial regulation.
Position on Regulated Corporate ESG Disclosure: Aviva has engaged extensively on mandatory climate and biodiversity disclosures, strongly supporting proposed regulation and often advocating for increased ambition. Recent examples, all from 2022, include strongly supporting the SEC’s proposed climate disclosure rule, signing a joint letter supporting disclosure of nature related impacts and dependencies by 2030 under the COP15 framework, and advocating for aligning disclosure frameworks with the Task Force on Nature-related Financial Disclosures (TNFD) in feedback to the UK government. Additionally, Aviva has actively advocated for mandatory net-zero transition plans, with Aviva's CEO Amanda Blanc co-chairing the UK Transition Plan Taskforce (TPT).
Position on Taxonomies: Aviva has strongly supported the development of taxonomies since at least 2018. Aviva stated support for the extension of the EU taxonomy to environmentally harmful activities in both an IPE article in 2019 and in feedback to the Commission on the Renewed Strategy on Sustainable Finance in 2020. In a joint 2022 paper with WWF, Aviva stated support for integrating nature-related considerations into the UK taxonomy.
Position on ESG Standards/Labels/Benchmarks: Aviva has been supportive of the creation of an EU Green Bond Standard, advocating for a stringent approach to verification and suggesting that policymakers should "expedite plans" in a 2019 Aviva Investors blog. It also supported the EU Green Bond Standard, ESG benchmark and advocated for an increase in ambition on ESG standards in feedback to the Commission in 2020.
Position on Incorporating ESG Factors Into Investment Duties: Aviva has been vocal in its support for integrating ESG issues into fiduciary duty. Aviva supported more ambitious action around fiduciary duty in its feedback to the Commission's Renewed Sustainable Finance Strategy in 2020. In response to a House of Commons’ inquiry in 2020, Aviva stated support for UK reforms to investor duties requiring pension schemes to report on their ESG policies.
Position on Incorporating ESG Factors Into Risk Management/Prudential Regulation: Aviva also appears strongly supportive of increased ambition on climate-related risk regulation. In its 2022 Climate Transition Plan, Aviva advocated for central banks to be provided with net-zero mandates, and for global coordination on stress testing. Aviva has also advocated for changes in prudential regulation to address biodiversity-related risks, including in a 2022 joint letter to the ‘Finance Ministers Coalition for Climate Action’. Furthermore, in response to the UK government’s call for evidence on the update to the Green Finance Strategy, Aviva advocated for nature-related scenario analysis and stress tests.
Transparency: Aviva has disclosed details of its public policy engagement, including ‘macro stewardship’ undertaken by Aviva Investors, across its websites. The clearest disclosure is in its climate transition plan. Aviva has listed some of its industry association memberships, with some broad principles concerning governance of indirect engagement, in its ‘Working with Governments Policy’. However, not all industry association memberships are disclosed.