UK’s Aviva to Target $3.9B in Renewable Energy Investments
Wednesday, 07 29 2015, Category: Insurance and Reinsurance, Country: United Kingdom
Aviva plc will target 2.5 billion pounds ($3.9 billion) of investments in renewables and energy efficiency over five years to cut exposure to climate risks.
The company, which manages about 250 billion pounds of assets, will embed carbon risk into its investment decisions and seek assurances from fossil-fuel companies that they’re investing in emissions-cutting technologies, Chief Executive Officer Mark Wilson said Friday at the insurer’s London office.
Source: Insurance Journal