Aviva

Life & Health Insurance
AV.L
GBX 416 (2)%
Share price
$ 15 bn
Market Cap
$ 15 bn
Enterprise Value

Carbon footprint

0.62 Ton
GHG emissions per $ 1 mln investment
0.02x the weighted average for S&P 500
FY2022
How is this calculated?
-29%
YOY change in GHG emissions
Weaker than the +0.5% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

-7.6%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -8.2% weighted average for S&P 500
FY2023
How is this calculated?

Aviva aims to reduce Scope 1 + 2 by 90% by 2030 from a base year 2019


This target has not been verified as science based according to SBTi
Aviva's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Aviva's GHG emissions (market-based) (Kt of CO2e)
Aviva's Carbon intensity (Tons per 1 USDm)

Aviva's carbon footprint

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 (+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

Company environmental metrics

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