Aviva Outlines Stewardship Priorities For 2023

In its annual letter to company board chairs, Aviva Chief Executive Mark Versey set out stewardship priorities for the coming year. The global asset manager, which has £232 billion ($279 billion) under management, states that it is "committed to help create a more sustainable, prosperous and inclusive future for our clients and wider society, while supporting our own ambition to become a net-zero company by 2040." Aviva's three key priorities "that will shape [its] stewardship activities as shareholders and bondholders in 2023" are: (i) tackling the cost-of-living crisis; (ii) transitioning to a low-carbon economy; and (iii) reversing nature loss.

Aviva expects all companies to prepare and publish "robust and financially viable climate transition plans that will support the decarbonisation of economies in a socially just and inclusive manner." The asset manager explains that they are "strong supporters" of the UK's Transition Plan Taskforce (TPT) Disclosure