X

Mortgage & Property

New Insurance Professional

Family Office Bulletin

Mortgage Property

Insurance Professional

Family Office

Aviva Investors delivers on active ESG engagement commitment

  • Aviva Investors voted on 72,025 resolutions at 6,457 shareholder meetings – voting against 24% of management proposals, including 43% of pay-specific resolutions
  • Aviva Investors undertook over 1,500 engagements with companies and recorded 90 instances where the firms helped drive positive changes in corporate behaviour

Aviva Investors today publishes its Annual Responsible Investment Review, reporting significant increases in its voting and engagement activity for 2020. The review outlines how Aviva Investors’ responsible investment approach aligned with the priorities of clients and society.

The report reveals that Aviva Investors voted on over 72,025 resolutions at 6,457 shareholder meetings globally in 2020, a 16% increase in resolutions voted on and 20% increase in meetings from 2019[1].  Aviva Investors voted in favour of 98% of the most significant climate and social shareholder proposals tracked by ShareAction.

Remuneration was the issue most actively opposed, Aviva Investors voted against 43% of 7,680 remuneration resolutions. This was followed by director elections (32%), anti-takeover measures (31%) and auditors (22%).

Aviva Investors was ranked second by ShareAction for its environmental voting track record and achieved an A+ rating in the United Nations Principles for Responsible Investment scorecard.

Through bilateral and collaborative company engagements, the exercising of voting rights, filing shareholder resolutions, and dialogue with regulators, Aviva Investors achieved 90 successful engagement outcomes. These included a call for social media platforms to strengthen controls against objectionable content and holding the Brazilian government to account over deforestation in the Amazon.

Engagement by asset class

With the collaboration of its ESG, equity and credit teams, Aviva Investors notched up targeted engagement with over 1,500 companies and was involved in a further 1,900 corporate interactions through collaborative initiatives and written communications.

In real assets, good progress was made against Aviva Investors’ commitment to originate £1 billion of climate transition-focused loans by 2025, with £189 million of sustainable loans originated in 2020. Since 2015, the company has also made £5 billion of investments in solar, wind, energy centres and energy from waste. In 2020, Aviva Investors also invested £172 million in social housing, contributing to the provision of affordable homes in communities across the UK.

To support its stewardship activities, Aviva Investors strengthened its internal ESG research capabilities. This included launch of a proprietary ESG ratings tool and publication of over 500 internal ESG research notes.

Aviva Investors’ market reform efforts are an extension of its integration and stewardship work. Where market failures exist or there are systemic or market stability risks, Aviva Investors engages with policymakers to reform markets. Currently, efforts are focused on four main areas of market reform, including climate change, biodiversity, antimicrobial resistance and diversity.

Mark Versey, CEO, Aviva Investors, said: 

History may look back on 2020 as a turning point for environmental, social and governance issues. The pandemic has proven to be a giant ESG stress test for the global economy and shown us that today’s challenges will not respect national borders. Investors have a vital role to play in pushing for change on society’s biggest issues, from climate change to diversity, environmental degradation to human rights. We are proud to have long been at the forefront of investor action on these issues.”

 Click here to download the full report

[1] Aviva Investors voted on 61876 resolutions in 2019

This Week’s Most Read

  • An interview with the pub landlord that barred Sir Keir Starmer

    Footage from today shows Sir Keir Starmer’s entourage man handling Rod Humphris, pub landlord for the Raven of Bath Public house. In this exclusive interview,

  • Sir Keir Starmer in pub brawl?

    Predictions of scuffles in pubs came true today, with a landlord being ejected from his own pub by interlopers. Sir Keir Starmer had been listening

  • Haatch SEIS fund oversubscribed within 2 weeks

    Haatch Ventures quietly launched their first SEIS Fund in March, with a target raise of £1.5m.  This figure was reached within 2 weeks, and the

  • Sir Keir Starmer, pubs and COVID – taking the piss, not taking a piss..

    We thought you weren’t allowed into pubs these days? Incredible scenes erupted today outside the Raven Pub in Bath, as Sir Keir Starmer was confronted

  • Why Government support means there has never been a better time for sustainability start-ups

    When Glasgow hosts the United Nations Climate Change Conference in November, it will be more than two years since the UK signed into law its

  • Staycation Boom Could be Taxing for Landlords

    Furnished holiday lets offer tax breaks, but owners need to tread carefully. Soaring demand for holiday lets as the UK plans for a ‘staycation summer’

  • New financial advice service from Vanguard aimed at retirement savers

    Designed for investors saving for retirement, Vanguard Personal Financial Planning launches on the award-winning Vanguard UK Personal Investor platform – vanguardinvestor.co.uk/financial-advice. The service offers personalised

  • MainStreet Partners: does the ‘S’ in ESG have ‘middle child’ syndrome?

    Long overlooked in favour of its more obvious counterparts, last year saw investors turn a corner and beckon in ‘an era of social impact investing’,

  • Creating a sustainable future – A special supplement in conjunction with M&G | April 2021

    M&G Investments are one of the early adopters of ESG (environmental, social and governance) and impact investing strategies within their funds. In this IFA Magazine

  • The Coming Decade for Climate Solutions

    Randeep Somel, Fund Manager, M&G Climate Solutions Fund, is finding reasons to be cheerful as he uncovers some of the powerful drivers of change which

IFA Magazine

Keep updated on the most important financial events 

Make sure you are an informed

wealth professional..

Adblock Blocker

We have detected that you are using

adblocking plugin in your browser. 

IFA Magazine