Aviva

Aviva reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 16 Kt (-2.4 /-12.7% y-o-y). Also positively, carbon intensity decreased to 0.4 t (-0.1 /-20% y-o-y).

Aviva's Scope 3 emissions declined to 4 Kt (-0.97 /-19.5% y-o-y). This is broadly in line with the declining trend (CAGR -20.5%) since 4Q'15.

The company is committed to achieving net zero for Scope 3 by 2040, which translates into the estimated reduction of -0.21 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Aviva also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Headline target: Aviva plc's portfolio targets cover 50% of its total investment and lending activities by assets under management as of 2019. (1) (1) 1 These targets and coverage % include all in-scope external client assets managed under discretionary mandates. https://sciencebasedtargets.org/resources/files/Target-language-and-summary_Aviva-plc.docx.pdf