Finance

Aviva to Divest From Companies That Don’t Act on Climate: FT

Photographer: Hollie Adams/Bloomberg
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Aviva Investors, one of Britain’s top asset managers, will divest from oil, gas, mining, and utilities companies that do not meet its expectations on tackling climate change.

The London-based investor has written to the companies, calling on them to set net zero emissions goals and integrate climate risks into their strategy, including their plans for capital expenditure, the Financial Times reportedBloomberg Terminal, citing chief investment officer for equities David Cumming.