This is a brand-new fund and is the second climate transition fund launched by Aviva. They launched a European Fund in 2019. The fund focuses on the changes to the world because of climate change. The average global temperature is now 14.7%, and 70% of the world is water which is much cooler. This means land temperatures are much warmer and therefore we are seeing things like the ice sheet melt, rising sea levels and extreme weather events.
The fund is focusing on solution providers and transition orientated companies. Although performance is important this fund reflects the need for action now and the importance with engaging with CEOs and senior management to make change happen. If companies don’t act, then they have the weight of the Aviva Group to act and disinvest from companies….read more