Business

Aviva to become Net Zero carbon emissions firm

The firm is planning become the first insurer to reach Net Zero by 2040

Aviva has announced its plan to become a Net Zero carbon emissions firm by 2040.

The firm’s new endeavour will cover every aspect of Aviva’s operations and investment decisions contributing to a sustainable economic recovery. 

Furthermore, Aviva is aiming to achieve Net Zero carbon emissions from its own operations and supply chain by 2030.

As part of the firm’s “pathway to Net Zero”, Aviva will cut 25% in the carbon intensity of its investments by 2025 and of 60% by 2030.

Amanda Blanc, Aviva Group’s chief executive officer, said: “Aviva is taking bold steps to help tackle the climate crisis. As the UK’s leading insurer, we have a huge responsibility to change the way we invest, insure and serve our customers. 

“For the world to reach Net Zero, it’s going to take leadership and radical ambition. And it is going to take Aviva to play our part.”

Kwasi Kwarteng, the government’s business and energy secretary, said: “Businesses have a huge and vital role to play in tackling climate change. 

“It is fantastic that Aviva is taking radical action across its business, which will help the UK eliminate its contribution to climate change and influence other businesses to move in the same direction.”

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