AVIVA

Aviva is committed to achieving "carbon neutrality" by 2040 across its operations, investments and insurance activities. This commitment is partly based on offsetting from 2030 onwards, but the modalities remain unclear, particularly with regard to scope 3 emissions. The targets on scopes 1 and 2 are aligned with a 1.5°C trajectory validated by SBTi until 2030. The company has also set medium-term reduction targets for its asset portfolio, but these only cover 50% of investment and lending activities, according to SBTi, and have not yet been validated by an external third party (except for real estate). In addition, the action plan, although very detailed, lacks overall figures and only 3% of investments go towards sustainable assets, without a climate plan financing strategy. Finally, the variable remuneration of the CEO and CFO does not include short-term climate-related criteria, and the long-term climate criterion remains poorly weighted.