Aviva is a British insurance company that operates across four market sectors: life insurance & savings, general insurance, accident & health insurance and fund management. The company provides its services to individuals and businesses of various sizes. Aviva and its nearly 30,000 employees provide services to over 30 million customers in 16 different countries.
Aviva’s corporate responsibility strategy is integral to its business strategy as the company works to strengthen communities and champion responsible investment. Through the Aviva Community Fund, the company gave more than $12 million to charity in a recent year, has helped more than 585,000 individuals and aims to contribute to over 5,000 community projects by 2020. Aviva also matches employee donations to global disaster responses and offers paid volunteer days each year. The company was the first carbon neutral international insurer and has reduced its CO2 emissions by 39% while installing solar panels at three of its major offices. Aviva has goals to invest at least $2.5 billion in low carbon infrastructure investments by 2020 and halve its CO2 consumption by 2030. The company is focusing on becoming a more diverse and inclusive workplace, too. Aviva has various policies and procedures to fight financial crime while protecting client data and has a strict Supplier Code of Conduct to manage environmental and social risks.
Aviva currently faces multiple lawsuits from clients alleging that the insurer failed to honor their insurance claims. The company is also being investigated in the United Kingdom for potential insider trading information leaks and in Iowa for excessively charging clients on annuity products.
Country: United Kingdom
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.