Company Profiles

Aviva

United Kingdom

As a financial services company, Aviva recognizes that its opportunity to achieve the greatest environmental improvements is in areas where it can influence the behavior of others. As a result, the company continues to develop products and services that provide a positive link between climate impact and premium paid. Specifically, Aviva is piloting a "Pay As You Drive" auto insurance program that rewards individuals who drive less. The company is also a leader in socially responsible investing (SRI) in the UK and engages in shareholder activism. For example, working in conjunction with Friends of the Earth, Aviva's Morley fund group exerted shareholder pressure resulting in the lead contractor's decision to pull out of Turkey's Ilisu dam project, a controversial project due to its social and environmental impacts. Aviva is also the first fund company in the UK to adopt a proxy voting policy for its non-SRI funds, in which Aviva can advocate for companies to disclose sufficient environmental data. The company is a worldwide leader on global warming issues. Aviva sources 100% of its UK electricity from renewable sources. Given that Aviva is global, Portfolio 21 encourages the company to continue expanding its purchasing of renewable energy to all geographic areas.

To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 7/31/07 and may not reflect current opinions or subsequent events.