Aviva

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). At the same time, carbon intensity grew to 0.5 t (+0.2/+67% y-o-y).

Aviva's Scope 3 emissions grew to 4.9 Kt (+3.2/+194% y-o-y). The performance has been erratic recently.

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