Aviva Investors to divest companies that fail carbon goal

Stringent new criteria drawn up

Aviva Investors is to impose a climate transition programme focused on 30 of its high carbon-emitting investments, committing to divest if they do not effectively respond.

The Climate Engagement Escalation Programme will target companies from the oil and gas, metals and mining and utilities sectors that substantially contribute to total global carbon emissions.   The investment firm has written to 30 companies, calling on them to establish robust transition roadmaps to demonstrate their commitment to immediate action to deliver net-zero carbon emissions by 2050.  Six UN Sustainable Development Goals unsupported by any ETFs Its stipulations include the adoption of science-based targets covering the full carbon footprint of the businesses, the reframin...