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Aviva: InternalJune 2018
FINANCE NORWAY'S
SUSTAINABILITY
CONFERENCE -RESPONSIBLE
INVESTMENTS AND THE
RELATIONSHIP WITH
BUSINESS
DR. STEVE WAYGOOD
Aviva: Internal
Case study: climate risk
The value at risk to manageable assets from climate change
calculated in this report is US$4.2trn, in present value terms.
The tail risks are more extreme; 6°C of warming could lead to a present
value loss worth US$13.8trn, using private-sector discount rates.
Key findings
Impacts on future assets will come not merely through directs, physical
harms but also from weaker growth and lower asset returns across the
board. The interconnected nature of the problem will reduce returns,
even on investments unharmed by physical damage.
From the public-sector perspective, 6°C of warming represents present
value losses worth US$43trn – 30% of the entire stock of the world’s
manageable assets.
Understanding the scale of the challenge
Aviva: Internal
We are at the forefront of shaping the industry
At UN Summit Aviva
pledges to ‘balance of
economic
development, the
welfare of people and
a sound environment,
by incorporating these
considerations into
business activities’
Aviva Investors
is founding
signatory of the
Principles for
Responsible
Investment
Aviva Investors
in vanguard of
signing the UK
Stewardship
Code
Launched Aviva
Roadmap for
Sustainable Capital
Markets &
Sustainable Capital
Markets Manifesto
Aviva Investors
asked to join the
Financial Stability
Board Taskforce
on climate-related
financial
disclosures
Aviva Investors
among first asset
managers to
publish Corporate
Governance
Voting Policy
Aviva Investors founding
signatory of the CDP
(previously Carbon
Disclosure Project) & first
asset manager to formally
integrate corporate
responsibility into its
voting policy
Aviva is founding
signatory to
ClimateWise and
Accounting for
Sustainability
Principles
Aviva Investors
founded Corporate
Sustainability
Reporting Coalition
with call to action at
Rio+20 Conference
Mark Wilson speaks
at UN General Assembly
on Sustainable Finance
Aviva published Strategic
Response to Climate
Change & actively
participated in COP21
Aviva Investors joined
Investor Forum Board
Aviva Investors
asked to join
European
Commission's High
Level Expert Group
on Sustainable
Finance
1994 1995 2001 2006 2007 2012 2014 2015 20162010
Our Heritage as Good Ancestors
NAPF STEWARDSHIP
ACCOUNTABILITY FORUM
STEWARDSHIP AT AVIVA INVESTORS
November 2014
A Roadmap for
Sustainable
Capital Markets
Aviva: Internal
Money Talks: the Aviva Sustainable Finance Toolkit
For the investor
Aviva: Internal
Scale as an opportunity
Largest Pension Funds WW C
1 Govt Pension Investment, Japan
2 Govt Pension Fund, Norway
3 Federal Retirement Thrift, US
4 National Pension, Sth Korea
5 ABP, Netherlands
Best Broker Overall A
1 Morgan Stanley
2 Bank of America Merrill Lynch
3 UBS
4 Exane BNP Paribas
5 J.P. Morgan
Largest Stock Exchanges D
1 New York Stock Exchange
2 NASDAQ
3 Japan Exchange Group Inc.
4 Shanghai Stock Exchange
5 Euronext
Largest Asset Managers WW C
1 BlackRock
2 Vanguard Group
3 State Street Global Advisors
4 Fidelity Investment
5 Allianz Group
Largest Investment Consultants B
1 Mercer
2 Aon Hewitt Investment
3 Russell Investments
4 Cambridge Associates
5 Callan Associates Stock Exchanges
a E
xtel
, 201
6
b P
ensi
ons
& In
vest
men
ts, 2
016
c W
illis
Tow
ers
Wat
son,
201
6
d W
orld
Fed
erat
ion
of E
xcha
nges
, 201
6
7
Aviva: Internal
Our calls for Market Reform
SUSTAINABLE
SOLVENCY II
I II III
Aviva: Internal
WORLD BENCHMARK ALLIANCEUNLOCKING THE POWER OF COMPANIES THROUGH CAPITAL MARKETS AND SOC
Aviva: Internal
Unlocking the power of companies through capital markets and society
www.worldbenchmarkingalliance.org
The UN Sustainable Development Goals set out the future we want. The private sector will be central to their success.
The World Benchmarking Alliance will develop, fund, house and safeguard publicly available corporate SDG performance benchmarks.
Free corporate benchmarks aligned with the SDGs will help companies, investors and others drive change by raising awareness and promoting a corporate race to the top.
Successful benchmarks provide guidance on impact as well as a gap analysis. This improves understanding, promotes dialogue and drives positive change.
The WBA is itself a Partnership for the Goals (Goal 17) and includes representatives from finance, business, civil society, and government.
Aviva: Internal
Case study: Benchmarking
Aviva: Internal
Aviva having an impact
Aviva: Internal
What’s next? Customer power
Aviva: Internal
SSE Initiative opens
NYSE
Advocating for more sustainable capital markets
Mark Wilson addresses the
UN General Assembly
The Good Ancestor Programme
Aviva: Internal
Escalating Global market reform