Aviva: InternalJune 2018

FINANCE NORWAY'S

SUSTAINABILITY

CONFERENCE -RESPONSIBLE

INVESTMENTS AND THE

RELATIONSHIP WITH

BUSINESS

DR. STEVE WAYGOOD

Aviva: Internal

Case study: climate risk

The value at risk to manageable assets from climate change

calculated in this report is US$4.2trn, in present value terms.

The tail risks are more extreme; 6°C of warming could lead to a present

value loss worth US$13.8trn, using private-sector discount rates.

Key findings

Impacts on future assets will come not merely through directs, physical

harms but also from weaker growth and lower asset returns across the

board. The interconnected nature of the problem will reduce returns,

even on investments unharmed by physical damage.

From the public-sector perspective, 6°C of warming represents present

value losses worth US$43trn – 30% of the entire stock of the world’s

manageable assets.

Understanding the scale of the challenge

Aviva: Internal

We are at the forefront of shaping the industry

At UN Summit Aviva

pledges to ‘balance of

economic

development, the

welfare of people and

a sound environment,

by incorporating these

considerations into

business activities’

Aviva Investors

is founding

signatory of the

Principles for

Responsible

Investment

Aviva Investors

in vanguard of

signing the UK

Stewardship

Code

Launched Aviva

Roadmap for

Sustainable Capital

Markets &

Sustainable Capital

Markets Manifesto

Aviva Investors

asked to join the

Financial Stability

Board Taskforce

on climate-related

financial

disclosures

Aviva Investors

among first asset

managers to

publish Corporate

Governance

Voting Policy

Aviva Investors founding

signatory of the CDP

(previously Carbon

Disclosure Project) & first

asset manager to formally

integrate corporate

responsibility into its

voting policy

Aviva is founding

signatory to

ClimateWise and

Accounting for

Sustainability

Principles

Aviva Investors

founded Corporate

Sustainability

Reporting Coalition

with call to action at

Rio+20 Conference

Mark Wilson speaks

at UN General Assembly

on Sustainable Finance

Aviva published Strategic

Response to Climate

Change & actively

participated in COP21

Aviva Investors joined

Investor Forum Board

Aviva Investors

asked to join

European

Commission's High

Level Expert Group

on Sustainable

Finance

1994 1995 2001 2006 2007 2012 2014 2015 20162010

Our Heritage as Good Ancestors

NAPF STEWARDSHIP

ACCOUNTABILITY FORUM

STEWARDSHIP AT AVIVA INVESTORS

November 2014

A Roadmap for

Sustainable

Capital Markets

Aviva: Internal

Money Talks: the Aviva Sustainable Finance Toolkit

For the investor

Aviva: Internal

Scale as an opportunity

Largest Pension Funds WW C

1 Govt Pension Investment, Japan

2 Govt Pension Fund, Norway

3 Federal Retirement Thrift, US

4 National Pension, Sth Korea

5 ABP, Netherlands

Best Broker Overall A

1 Morgan Stanley

2 Bank of America Merrill Lynch

3 UBS

4 Exane BNP Paribas

5 J.P. Morgan

Largest Stock Exchanges D

1 New York Stock Exchange

2 NASDAQ

3 Japan Exchange Group Inc.

4 Shanghai Stock Exchange

5 Euronext

Largest Asset Managers WW C

1 BlackRock

2 Vanguard Group

3 State Street Global Advisors

4 Fidelity Investment

5 Allianz Group

Largest Investment Consultants B

1 Mercer

2 Aon Hewitt Investment

3 Russell Investments

4 Cambridge Associates

5 Callan Associates Stock Exchanges

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Aviva: Internal

Our calls for Market Reform

SUSTAINABLE

SOLVENCY II

I II III

Aviva: Internal

WORLD BENCHMARK ALLIANCEUNLOCKING THE POWER OF COMPANIES THROUGH CAPITAL MARKETS AND SOC

Aviva: Internal

Unlocking the power of companies through capital markets and society

www.worldbenchmarkingalliance.org

The UN Sustainable Development Goals set out the future we want. The private sector will be central to their success.

The World Benchmarking Alliance will develop, fund, house and safeguard publicly available corporate SDG performance benchmarks.

Free corporate benchmarks aligned with the SDGs will help companies, investors and others drive change by raising awareness and promoting a corporate race to the top.

Successful benchmarks provide guidance on impact as well as a gap analysis. This improves understanding, promotes dialogue and drives positive change.

The WBA is itself a Partnership for the Goals (Goal 17) and includes representatives from finance, business, civil society, and government.

Aviva: Internal

Case study: Benchmarking

Aviva: Internal

Aviva having an impact

Aviva: Internal

What’s next? Customer power

Aviva: Internal

SSE Initiative opens

NYSE

Advocating for more sustainable capital markets

Mark Wilson addresses the

UN General Assembly

The Good Ancestor Programme

Aviva: Internal

Escalating Global market reform