Primary Climate Goal
Aviva's target annual Scope 1 + 2 emissions for 2030 should be equal to 3.6 Kt = 90% * 36 Kt, according to the company's stated climate goal.
In order to achieve this goal, Aviva would need to reduce its emissions at least by -0.69 Kt per annum over the period from 2023 to 2030:
-0.69 Kt = ( 3.6 Kt - 9.1 Kt ) / (2030 - 2022)
This translates into a -7.6% reduction in 2023.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Aviva aims to reduce Scope 1 + 2 by 90% by 2030 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Aviva reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2022 at 9.1 Kt (-3.8 /-29.4% y-o-y). Also positively, carbon intensity fell to (0.3) t (-0.6 y-o-y).
Aviva's Scope 3 emissions grew to 4.9 Kt (
The company is committed to reducing Scope 1 + 2 by 90% by 2030 from a base year 2019, which translates into the estimated reduction of -0.69 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Aviva also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Headline target: Aviva plc's portfolio targets cover 50% of its total investment and lending activities by assets under management as of 2019. (1) (1) 1 These targets and coverage % include all in-scope external client assets managed under discretionary mandates. https://sciencebasedtargets.org/resources/files/Target-language-and-summary_Aviva-plc.docx.pdf