AUM in Action

Aviva Funds Carbon Removal Scheme

British multinational insurer Aviva has made a £10 million donation to the Woodland Trust, the UK’s largest woodland conservation charity, as part of a £100 million commitment to remove carbon from the atmosphere using nature-based solutions. The donation will support the Woodland Carbon Scheme and fund projects that are expected to remove approximately 330,000 tonnes of carbon from the atmosphere, over the next 100 years, through woodland creation and peatland restoration. The sites are expected to begin to remove carbon as early as 2026 and will form part of Aviva’s ambition to be Net Zero by 2040. “Our woodland creation projects will improve nature corridors, support red squirrels which are under threat, improve water quality and slow the flow of ground water in periods of flooding,” Claudine Blamey, Aviva Group Sustainability Director, said. “The peatland work will rewet and restore bogs so that they can switch from emitting carbon to removing it and help prevent wildfires which we are seeing more of in the UK as a result of climate change. The sites will also deliver improvements in the local community by helping to improve local air quality and create new reserves that people can enjoy for free.” 

 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top