We are working with other interested insurers and civil society partners to develop the methodology for Net Zero underwriting. building hospitals and schools). Fact: In 2020, we generated nearly a GWh of solar electricity across all our sites and exported 150 MWhs of it onto the UK grid for other customers to use. 7. In many cases we might choose to divest the asset if they did not take responsibility for their emissions. %PDF-1.5 Even if you don't own the property you run your business from, we cover most damages to furnishings, right down to fixtures and fittings. But the urgency of the climate crisis means we can no longer wait for everything to be neatly laid out before we act. You'll get a 15% discount on your second policy and once it's set up you'll be eligible to free multi-trip European travel insurance valid for one year. Through this product we currently insure some of the largest wind & solar farms in the world, including in the USA and Africa. As the UK’s leading insurer, Aviva has a responsibility to act on behalf of our people, our customers, our shareholders both today and in generations yet to come. Next year, we’re adding government bonds and directly owned real estate. In this episode of the McKinsey on Insurance podcast series, McKinsey's Alex Kimura speaks with Singlife founder Walter de Oude, who shares insights on his journey to fund and grow an insurtech start-up in Singapore. Many of the companies that will move our economy from a high carbon to low carbon world already exist today. But we also have a responsibility to ensure that what we do as a business has little, if any, impact on the environment. Check upcoming events and dividend payment dates. Our plan to reach that target covers not only the emissions we produce ourselves but also those contributed by our suppliers and, as far as possible, by those investments of our shareholders and customers. If you're a customer, please go to aviva.co.uk. Found inside – Page 136Thus the insurance company, Aviva, produced a report suggesting £1.5 billion could be saved by a series of reforms to ... the Co-operative—a multi-faceted organization more known for its retail, banking, and travel arms—has started to ... It warned that floods would increase. We pledge to continue arguing the case for an economic recovery driven by cutting carbon and creating new jobs, infrastructure and opportunities in a Net Zero economy. stream Aviva corporate website - Aviva plc. Your personal details, plus details of anyone else claiming on this policy. There are a number of ways companies are trying to make sense of carbon within Scope 3 investments. 1610 0 obj We play a critical role in our customers' lives and covering their needs. Aviva is the UK's largest insurer with over 200 years' experience in the insurance industry. Your clients will be covered under our sickness policies, but the illness will need to last for more than the deferment period in the policy which is usually 14 days (as illnesses lasting less than the deferment period are excluded). ���@B�nX��l�[L !��$��dB A#�Ј���UԪU\��%�(n�n��Z�[�j�u�E!�=�7'\�s{k{w��|�;����#0�KLJ�-.��S�e�Ù�qc�me�J��J������O�͚_rUc����S�T����y�'_1e�v�tV,^T�����KTƯ�WT�f=��z�RT�X��E�E�������5��&��oK�m�����"�݁u5z�/3v������?�|���Qu�Y5����`���3Q��д�����_�ت���rc�_���#'"�*�Oj��q��u�/E~xcsd}�������uk��>���X�3(�lj ����0c�]� -o��o�=m�=(W[����uK>��ƒ2�Z�#�.��|!������w)G��ÝL���ڞ����$O��e��H���9�O�r㗇�g��t/��0J�gdGº��C�vY>�"�K��’͠0'+bA�Rvཚ�>��@�ٰ�0!��^b�(�̔d��(z���)�^v{�����ʼ�� �k�\L�uZ��I����t�5�E��>_e���mH�D����X�݆D��'�Y��nC"%R"%R"%ҿ*)Ws�݆��������ېH��H��H��H��H��H��H��H��H��H��H��/N�8ǿFJY��l9�N. Starting with what we can best control, we have been carbon neutral in our own emissions since 2006. 00:00. If we don’t see serious engagement from the companies to meet the climate challenge, we will put them on our stoplist and divest any assets we hold. Monday to Friday: 8:00am - 6:00pm. 01 Oct 2021. 78 0 obj We were one of the first companies to disclose key climate risks through the TCFD-approach. You need to get your act together to face the environmental impacts that are going to hit your business, it said. Greenhouse gas emissions are categorised into three groups or 'Scopes' by the most widely used international accounting tool, the Greenhouse Gas (GHG) Protocol. It should be no surprise that it’s a key strategic issue for us as a company too. Saturday: 9:00am - 3:00pm. The climate crisis is a threat to life on this planet.i Over the last century, we have been increasing the amount of greenhouse gasses in the atmosphere. Alternatively, you can contact us through: Facebook @AvivaUK. Governments must set dates to phase out unsustainable things like coal power stations. But inaction is a bad strategy. Minifleet (including Single Business Vehicle), Bespoke cover for UK clients with overseas subsidiaries, Find out more about our Commercial products, Your House (CDL, Acturis and PL Fast Trade), Find out more about our Personal products, Find out more about Marketplace for hard to place cover, Group Personal Accident, Sickness and Business Travel, Group Personal Accident Business Travel Card, Group Personal Accident, Sickess & Business Travel Summary. Aviva is already a recognised leader on Environmental, Social and Governance issues. Charles Dickens was the most popular English novelist of the Victorian era is still very popular today, here are collected the very finest of his crime and mystery stories. We are changing the way the company is managed to integrate climate risk into our risk frameworks and create a dedicated sustainability lead on our leadership team. We have created distinct categories to manage and track progress which are detailed below. We're with you today for a better tomorrow. Not for use with customers. x�]P�n�0��+|�VTV= �]ڕ8���~@H�T�(�_'ЭTK�5���1o���� ��[�a�A�q���=�ڰ�e�Q��$�$��9�Ԛ����N�9�ge{�c��+�ڌp�l:����7Nhd��A�@���{O�c����z$��cuE���i�NH�ŒȪ����JQ34�_W���>���βS��{��e݆�y����~�c�R&t9Q*��a����qE7cr�\��� A private company limited by shares. We were proud to be the first major insurer to do that. This is our plan to become a Net Zero ii company by 2040. It’s one of the UK’s largest combined solar carports and energy storage facilities. This site is for UK GI Brokers only. Not for use with customers. Foreign, Commonwealth and Development Office (FCDO) advice. Overall, in the context of the rest of the world decarbonising, the net impact of the [low carbon] transition on growth to 2050 is likely to be small compared to total growth over that period, and it could be slightly positive or slightly negative. If you want to renew your travel insurance policy, ring 0800 015 4907. We are committed to providing a first-class service. Sunday and bank holidays: 10:00am - 2:00pm. We look forward to playing a leading role and being able to announce more on this in the coming months’. You can also contact your broker. The harder but more useful thing to do is to be an active owner and use our muscle in the market to push companies we invest in to commit to ambitious climate action. The answer always came back: it clogs the printers – we can’t possibly do that.” Zelda Bentham, Group Head of Sustainability, on how far we’ve come in her 31 years at Aviva. As well as investment products, we are a major insurer of cars, homes, businesses and much else besides. We're not going to be any different - as our Group CEO, Amanda Blanc, is one of the speakers. Found inside – Page 56... exclusions in the activity of foreign insurance companies involved in Polish coal sector Insurance company Policy ... to climate change: Reduce operational (buildings and travel related) CO2 Divestment is part of Aviva's engagement ... We believe facing up to this challenge and getting ahead of it is the best thing we can do for all of our stakeholders and we must reduce the risks and seize the opportunities presented by a new kind of economy for everyone. Buildings and Contents Insurance. There is no consistent global set of standards. We have already set out plans for how we reach Net Zero by 2040 for our ‘real assets’, the buildings and infrastructure we invest inxiv. Found inside – Page 221e figure for Aviva, the worldwide insurance company that included the recently re-named Norwich Union among its subsidiaries, is even higher ... It is far less significant than electricity or travel, but office paper consumption seems ... A private company limited by shares. Average saving of $20 on Aviva Home Insurance discount codes having %store-coupons-count% deals for you to avail discount at checkout. Success will depend on new technologies and innovations. Auto claim. Aviva Insurance Ireland Designated Activity Company, trading as Aviva, is regulated by the Central Bank of Ireland. Being the UK’s largest insurer brings huge responsibilities. We will be saying more about this in the coming months. Welcome to Aviva. Access regulatory, governance and risk information. x�+TT � Aviva went on to employ the man who wrote the letter - an environment manager from NatWest. As well as our own operations, we will be working with our suppliers to achieve Net Zero throughout our supply chain by 2030 as well.Â. We will also continue to report according to the TCFD and Net Zero Asset Owner Alliance methodologies. We do not underestimate the scale of the challenge ahead. This Aviva Travel Insurance policy is designed to meet certain costs that might arise in the course of your travels. We already report on how we are reducing the carbon intensity of certain assets, such as corporate bonds and shares. We know Scope 3 is messy and filled with double counting. Then when your first policy is due for renewal you will be eligible for the 15% discount. Steve Waygood, Chief Responsible Investment Officer at Aviva Investors, shares why its going to take coordinated and determined action at COP26 to tackle the climate crisis, and why Aviva is committed to playing its part. We are focused on three core areas – being a climate champion, supporting a stronger Britain and running ourselves as a sustainable business. Your personal details, plus details of anyone else claiming on this policy. No sector will come through this transition unchanged. During October, our colleagues will be sharing their mental health experiences. We’ve been taking action on coal over the last few years and by the end of 2022, we will have divested all companies making more than 5% of their revenue from thermal coal unless they have signed up to Science-Based Targets. This pressure for governments and companies to hit Net Zero by 2050 or sooner is growing and public policy decisions will reward or require action, increasingly penalising or banning high carbon options. “I remember asking about using recycled paper. The award was presented at the Warsaw . Investing responsibly is in the best interests of our customers and our shareholders. Found inside – Page 195... and maintaining the property, including a proportion of the overheads of the business, often labelled the 'standing charge'. ... 116 West Midlands Travel Ltd v Aviva Insurance UK Ltd [2013] EWCA Civ 887 at para 23 (MooreBick LJ). Visitors Personal Accident included as standard - £25k per visitor, £250k aggregate. Active ownership: using our voice and vote to pressure companies and directors, Tilting investments towards cleaner sectors and the best companies within sectors. Here he tells his story for World Autism Awareness Week. Found inside – Page 106business. model. What is distinct about mBank's approach to insurance companies specializing in distribution via remote channels ... mBank started offering this kind of insurance in 2007 and was followed by Liberty Direct, Aviva Direct, ... PTSD from Terrorism benefit - to a maximum of £500 per week. It’s the investments we make for customers or shareholders that are the largest source of emissions in our carbon value chain. In 2008, legislation was agreed raising that goal to 80% by 2050. This is our plan to become a Net Zeroii company by 2040. In 2021, we intend to increase the scrutiny on us by being the first insurer to put our TCFD summary to a vote at our Annual General Meeting of Shareholders in 2021. The results of our scenario analysis are already striking: uncontrolled climate change is far worse for our business and customers than taking action now. Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company. To achieve Net Zero, we will also have other assets with negative emissions, such as: There is a scientific consensus that the world will not reach Net Zero without carbon removal, which will require a growth in negative emissions interventions. We are campaigning for systems level change so that not just our investment but the whole financial system works towards a sustainable future. There are plenty of challenges: the data is imperfect and entirely missing for parts of private markets. We protect homes, cars and business. First, we will use all these tools to drive down the carbon intensity of our portfolios: Alongside our efforts, we see a growing trend of societal and regulatory pressure on corporates to cut their emissions. We will continue to improve our reporting on our carbon emissions and climate-related risks. Registered Office: One Park Place, Hatch Street, Dublin 2, Ireland, D02 E651. To help get there we are committed that by 2025, we will use 100% renewable electricity for all our offices, and our new company car leases in the UK, Ireland and Canada will be delivered through plug-in hybrid or electric vehicles. Aviva Agency gives you the protection you need, support when . There are things we will stop investing in or insuring right away. We are including the carbon emissions we produce ourselves and those contributed by our suppliers and investments, the Scope 1, 2 and 3 of our ‘carbon value chain’. It is the most demanding goal set by any insurance company in the world to date. Over the past five years Aviva Investors has invested £500 million every year in low-carbon and renewable energy infrastructure including solar, wind and energy centres. Found inside – Page 258Car travel was significantly reduced in sure and positive SRI engagement from Genetically Modified Organisms - The ... Nuclear Power - The company is not directly STAKEHOLDER CAPITAL : 7.6 Human Rights : Aviva supports the Univer- ...