Aviva fires warning on climate commitments

Asset manager demands measurable progress on climate and sustainability by companies it invests in

Global asset manager Aviva Investment has ramped up the pressure on companies it invests in to align with a clear set of measurable climate and sustainability standards. The London-based company, which has over £260bn ($350bn) of assets under management, has warned companies it expects them to show progress against clearly defined targets on climate change, biodiversity, human rights and executive pay. “We acknowledge the magnitude of many of these challenges and will evaluate companies on the strength of their commitments and their ability to demonstrate progress over time. However, we will hold boards and individual directors accountable where the pace of change does not reflect the urgen