Aviva chief executive Amanda Blanc has vowed to maintain the insurer’s climate transition plans despite growing political pushback against net zero targets in the US and UK.
Speaking as Aviva’s shares hit their highest level since the 2008 financial crisis, Blanc said extreme weather risks made climate action a business imperative as well as a client priority.
“We remain committed to our ambition,” she told reporters on Thursday. “It’s an important priority for many of our clients, but also vital given the rise in extreme weather events and the impact they have on the insurability of properties.”
Blanc, who was made a dame in 2023 partly for her work on net zero, pointed to recent wildfires in Canada and floods in the UK as examples of climate-related events insurers must account for.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
