RE: Anti Old White Men (Wrong School)24 Dec 2023 09:46
northernmuppet
" it told me that they were going to move out of certain investments - fossil fuels, tobacco, armaments"
in the last few years i have messages aviva about this and giving away my money to citizens advice and stated that as i shareholder i disapprove of these policies (mostly esg ones, but should not give away money without a vote) and if the staff at aviva want to push political virtue signaling policies they should do this in their own time with their own money. bot times a got a polite response but not proper justification for this policy. here is an extract of .the response.
"aviva is fully committed and proud of its record on supporting climate related issues and charitable organisations that share our values and purpose. we are convinced that using financially material environmental, social and governance (esg) information in our investment processes leads to better-informed investment decisions and better risk-adjusted returns in the long run; which is in the best interest of aviva and its shareholders.
aviva cannot be successful in isolation and commitment to protecting the planet and supporting the community in which we are based makes good business sense. section 172 companies act also supports this view in requiring boards to consider the needs not just of its shareholders and customers but also its wider stakeholders. our current ceo, amanda blanc, has set out her strategy focusing on growing the business, putting customers at the heart of everything we do, improving efficiency and ensuring the sustainability of the business. since her appointment from 6 july 2020 to 6 december 2022, the aviva share price has increased by approx. 56% against some really turbulent economic conditions. we returned capital to shareholders through a £1 billion share buyback programme that finished in march and returned £3.75 billion to our ordinary shareholders through a b share scheme in may. as previously announced with our half year results, given our strong capital position and prospects we will be further providing return to our shareholders as we anticipate commencing a new share buyback programme with the 2022 full year results (subject to market conditions and regulatory approval).
with regards to the queries you raised in your email -
in october, aviva pledged £7m and £2m to citizens advice and the money advice trust’s business debtline service respectively over the next two years. as people across the uk struggle to cope with rises in the cost of living."
after the latest sexist and ****** attack on older men being one myself i will never use any of avivas services again, they are now too political and it will cost us shareholders.