Aviva has announced its partnership with WWF, one of the world’s leading conservation charities.
The team-up is part of the insurer’s climate-focused agenda, with Aviva calling on the UK government to commit to a greener financial system ahead of COP26.
Both organisations are urging the UK government to mandate UK regulated financial institutions to develop credible transition plans that align with Net Zero and the 1.5°C goal of the Paris Agreement.
Their recently published ‘Transition Plans for a Net Zero Future’ sets out five recommendations for doing so, including creating a clear policy framework to drive Net Zero across the real economy and working alongside regulators to “develop guidance on appropriate metrics”.
Amanda Blanc, Aviva Group’s chief executive officer, said: “We’re living in the midst of a climate emergency and, as the UK.’s leading insurer, we’ve got a big responsibility to do something about it.
“Our new partnership with WWF will help us tackle the causes of climate change and help our customers and communities cope better with the consequences.”
She added: “We will campaign with WWF to ensure the financial sector gets its act together and makes a more significant contribution to a sustainable planet.
“WWF has a huge amount of expertise and influence in this area, and I’m excited about what we’ll be able to achieve together to help lead the financial services industry to contribute more to a low-carbon future.”
Tanya Steele, WWF UK’s chief executive, said: “We know that the finance sector has a staggering climate footprint, and that simply has to change if we are to stand a chance of meeting the Paris Agreement targets of limiting global warming to 1.5°C.
“But as we look to build a greener, stable planet with a sustainable economy, the sector can also be a force for positive change.”