Investor targets bosses at firms failing on climate
Aviva Investors will seek to remove board directors of firms that continue to take part in deforestation
Aviva Investors, which has £262bn of assets under management, set out its expectations in a letter that will be sent to 1,500 firms in 30 countries this week. "This is of serious concern as ecosystem services provided by the natural world underpin our economies and societies and will increasingly become an important driver of company valuations," Mr Versey said, adding that more than half of the world's economic output is "reliant on biodiversity".
Mirza Baig, Aviva Investors' head of environmental, social and corporate governance, told the BBC that some companies intentionally set vague targets to avoid being held to account.
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