Aviva wins ESG Award at the 2023 Business & Finance Irish Business Awards
Aviva Ireland has again demonstrated its commitment to Environmental, Social and Governance (ESG) values by winning the ESG Award at the Business & Finance Irish Business Awards 2023. This completes a hat-trick of ESG Awards for Aviva Ireland for the year
Fellow shortlisted companies for this prestigious award, which Coillte, the state-owned forestry business, sponsored, included AIB Group plc, CoolPlanet, CPL, Energia Group, I-RES, Liberty Insurance, Portwest, Sky Ireland, We are Riley Ltd, Wisetek, and Workday. Despite the competition from these highly reputable companies, Aviva was delighted to accept this award, showcasing its commitment to ESG values across its operations.
Established in 1974, the Business and Finance Awards Programme is Ireland’s longest-running and most prestigious business awards programme. Representing the third ESG award that Aviva won in 2023, having also won the ESG Investing Award at both the Irish Pension Awards and Business & Finance ESG Awards, this demonstrates our commitment to reducing carbon emissions and transitioning our Irish businesses towards a greener and more sustainable economy.
We’re delighted to be recognised by the judges for our market-leading sustainability commitments. Aviva is the first major global insurer, and Ireland’s only insurer, to target net zero by 2040. We’ve reduced the carbon intensity of shareholder assets by 50% since 2019, we offer our clients a diverse range of ESG funds classified as light green investments under European Sustainability Finance Disclosure Regulations, and we have donated €5 million to the Nature Trust to support the planting of 1.2 million native tree saplings across Ireland. We’re committed to our plans to lower carbon emissions and have made significant progress towards achieving our goals.
Barry Cudmore, CEO, Aviva Life & Pensions Ireland DAC
Commenting on why Aviva won the award, the judges said:
“Setting an industry benchmark, Aviva’s Net Zero 2040 initiative, spearheaded by CEO Amanda Blanc, presents a comprehensive climate transition plan. As the first major global insurer to target net-zero emissions, Aviva strategically aligns operations, investments, and insurance portfolios. Demonstrating tangible progress, the company reduces its carbon footprint, launches innovative products like renewable energy insurance, and engages in impactful community investments. Aviva’s transparent governance framework ensures accountability, making it a standout choice for the ESG award.”
Winning the ESG Business and Finance Award is a fantastic achievement for Aviva. We are very proud of our 2022/2023 ESG achievements, which resulted in this win; including launching our first renewable energy insurance product, phasing out our petrol and diesel vehicles with over 60% of our fleet now hybrid and electric vehicles, and investing over €500,000 in our partner and broker nominated charity and community organisations supported by over 2,600 of our employees’ volunteer hours.
Declan O’Rourke, CEO, Aviva Insurance Ireland DAC
Learn out more about Aviva’s responsible investments
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