Aviva
| Industry:insurance | ISIN:GB0002162385 | Country:UK | CRR:C+ |
Company Profile:
Aviva's principal business activities are long-term savings, general insurance and fund management. Aviva is the biggest insurance group in the United Kingdom. It is one of the leading providers of life and pension products in Europe and is actively growing its long-term savings businesses in Asian markets, Australia and the United States.
Strengths/weaknesses profile:
Strengths:
- comprehensive integration of environmental and social aspects into asset management
- detailed and comprehensive code of conduct covering important aspects of business ethics
- reasonable offers to provide insurance coverage for low-income groups
- group-wide implementation of a strategy for addressing climate change and related sector-specific risks
Weaknesses:
- lack of transparency regarding insurance coverage for high-risk groups
- lack of transparency regarding the implementation of environmental management systems
Reasons for inclusion in the Index:
Aviva is active in a number of areas connected with the global challenges, for example climate protection and human rights. Of particular note is its significant involvement in the field of microfinance, where the company has entered into numerous partnerships with microfinance service providers in India.