Aviva announces £3bn green infrastructure debt commitment
Aviva today announced a £3bn green infrastructure debt commitment, expanding its use of private credit to finance low‑carbon and renewable energy projects.
The announcement builds on Aviva’s wider climate strategy, which includes a group‑wide target to reach net zero by 2040 across its operations and investments. Since 2019, Aviva has invested £8.7bn in sustainable assets, providing a base of existing exposure to climate‑aligned investments that the new debt programme is expected to complement.
Aviva has previously set out plans to allocate £6bn to green assets by 2025, including £1.5bn of policyholder funds directed to climate transition strategies. Within that, Aviva also targeted £2.5bn for low‑carbon and renewable energy infrastructure by 2025, indicating a pre‑existing focus on infrastructure as a delivery channel for its climate objectives.
By the end of 2024, Aviva reported that it had exceeded its earlier ambitions, with £8.7bn invested in sustainable assets since 2019. Over the same period, Aviva achieved a 64% reduction in Scope 1 and 2 carbon intensity, linking balance sheet allocation to operational decarbonisation efforts.
Aviva’s prior renewable infrastructure activity includes a £400m investment in the Hornsea One offshore wind project in 2018, providing long‑dated exposure to UK offshore wind generation. The insurer has also committed £110m to UK electric vehicle charging infrastructure by 2030, adding transport‑related energy transition assets alongside its power sector investments.
--- Sources: https://www.aviva.com/investors https://www.aviva.com/sustainability/taking-climate-action/ https://www.esgtoday.com/aviva-launches-new-climate-initiatives-becomes-first-major-insurer-aiming-for-net-zero-by-2040/
