Aviva Investors CEO warns directors over sustainability targets
The chief executive of Aviva Investors has warned it will take action against company directors if they do not meet its expectations on sustainability improvements.
In a letter sent to 1,500 companies in which Aviva Investors is invested, Mark Versey said the fund house will focus on their performances against four themes: biodiversity, human rights, climate and executive pay.
He said the company would hold both boards and individual directors accountable at companies “where the pace of change on climate, biodiversity and human rights does not exhibit sufficient urgency”.
“We acknowledge the magnitude of many of these challenges and will evaluate companies on the strength of their commitments and their ability to demonstrate progress over time,” Versey added.
“We want to encourage companies to consider the whole picture of sustainability because this is how they will create the greatest return for shareholders, while helping to build a better future for society.”
Read more @FT Adviser
325 views
