UK Insurance ESG report – Q1 2021
Aviva (+59) secures 1st place in alva’s Q1 2021 UK Insurance ESG ranking, thanks to its leadership on Greenhouse Gas Emissions. Aviva announces that it will become the first major insurer worldwide to set a net zero goal of 2040 – a decade earlier than most. Chief Executive Amanda Blanc warns that the insurance industry cannot “speak with a forked tongue” on global warming, while the firm also casts doubt over whether it would back new nuclear power stations.
The FCA’s business interruption test case comes to a close in January, with the Supreme Court largely ruling in favour of business owners. This negatively impacts the ESG scores of six insurers, particularly Hiscox, QBE and RSA, while also driving negative impacts for Business Ethics and Plan Performance.
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