Michelle Wolfe CSR Reporting Manager 23rd April 2007 Aviva and the Global Compact
Aviva at a glance • Aviva is the world’s fifth largest insurance company and the largest in the UK. • Main activities are long-term savings, fund management and general insurance. • We are the leading provider of life and pensions products in Europe and have substantial businesses elsewhere around the world. • We have premium income and investment sales of £41.5 billion and £364 billion of assets under management. • We have 59,000 employees serving 40 million customers worldwide.
Environment Diversity and Human rights Standards of business conduct (ethics) Customers Our people Community Suppliers How Aviva defines CSR Managing and steering performance in respect of:
Aviva and the Global Compact • Became a signatory in August 2001. • 10 Principles under four key themes of environment, labour, human rights and anti-corruption – reflected in our existing policies on: • Standards of business conduct • Human rights and Diversity • Environment • Our people policies • Annually publish details of how we’re supporting the GC and its 10 principles in our CSR report.
Aviva’s ongoing support for the GC • Established UK Network in June 2003. • Two primary objectives: • opportunity for national discussion on how best to integrate Global Compact principles into both business strategy and practice. • one main UK focus for interaction with the Global Compact and one feedback channel for opinion of UK signatories. • Aviva chaired network until December 2006. • Aviva subsidiaries in Lithuania and Turkey have participated locally. Possibilities in Spain & France. • In 2006, Morley signed Principles of Responsible Investment
Benefits of the Global Compact • UN provides international platform without side, national agenda. • Seeks to engage the corporate world in tackling some of gravest social and environmental challenges. • Harmonised effort – brining together governments, trades union, academics, NGOs and businesses. • Business-led initiative.
Benefits of the GC UK Network • Opportunity to share best practice and to be reviewed/assessed by your peers. • Cross-sectoral networking. • Representative – businesses, trades union, NGOs and government. • Engaging with other networks and their member organisations.