Making a difference in corporate sustainable transition
Aviva's global head of ESG investments Mirza Baig explains the critical role that investors can play in addressing the biggest sustainability challenges facing the world.
One question I am asked frequently by colleagues and external contacts is: “What does a good sustainable transition look like?”
The answer is relatively straightforward: a good transition is one where we meet the needs of the present without placing future generations and the planet at risk of catastrophe from the triple and interconnected threats of climate change, biodiversity loss, and rising social inequality.
How we achieve such a transition is, of course, not so straightforward. It will require absolute commitment, ingenuity, resource and collaboration between governments, regulators and other policymakers, companies, financial institutions and individuals. This is where investors have a critical part to play.
It should be taken as a given that every investor, from individuals to the largest asset owner, wants to secure the financial wellbeing of themselves and their beneficiaries. But increasingly, they also want their hard-earned capital to serve a broader purpose.
As an asset management business, we have a responsibility to deliver a dual and interrelated outcome, where we can offer clients a good return on their capital and use that to try and create a more sustainable, stable, and prosperous world.
There are three main ways in which we can do this: in the way we allocate capital; in the way we engage with the companies and governments we invest in; and in the way we engage with policymakers to address market failures. Ultimately, the health of the planet and our own - and by extension our clients’ - success depends on how well we manage the delivery.
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The name “Aviva Investors” as used in this material refers to the global organization of affiliated asset management businesses operating under the Aviva Investors name. Each Aviva investors’ affiliate is a subsidiary of Aviva plc, a publicly- traded multi-national financial services company headquartered in the United Kingdom. Aviva Investors Canada, Inc. (“AIC”) is located in Toronto and is registered with the Ontario Securities Commission (“OSC”) as a Portfolio Manager, an Exempt Market Dealer, and a Commodity Trading Manager. Aviva Investors Americas LLC is a federally registered investment advisor with the U.S. Securities and Exchange Commission. Aviva Investors Americas LLC ("AIA") is a federally registered investment advisor with the US Securities and Exchange Commission. AIA is also a commodity trading advisor (“CTA”) registered with the Commodity Futures Trading Commission (“CFTC”) and is a member of the National Futures Association (“NFA”). AIA’s Form ADV Part 2A, which provides background information about the firm and its business practices, is available upon written request to: Compliance Department, 225 West Wacker Drive, Suite 2250, Chicago, IL 60606. 310601 - 30/04/2023
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