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Why is a bobtail squid an asset manager’s responsibility?
It’s our responsibility to act together. Find out how Aviva Investors worked with the oil industry to preserve marine life in World Heritage sites.
Nearly a third of all natural World Heritage sites are subject to extractive activity, despite protection from the UNESCO World Heritage Convention. Following a number of successful engagements on this topic, including SOCO International and BP, we helped to launch a collaborative project to call on extractive companies to make ‘no go’ commitments in World Heritage sites. As part of this program we engaged with Chevron over plans to drill in the Great Australian Bight marine sanctuary. This was of particular significance, given that more than 270 deep sea species previously unknown to science have been discovered in the region.
In October 2017, Chevron abandoned its oil exploration plans in the Great Australian Bight. We took great comfort in its decision, and we continue to engage with companies and other key stakeholders in order to protect our global heritage.
Here are a few more cases where we believe collaborative engagement made a difference.
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