'Bretton Woods II': Aviva Investors calls for financial system overhaul to prevent climate collapse

Cecilia Keating
clock • 5 min read
The World Bank building in Washington, DC | Credit: iStock
Image:

The World Bank building in Washington, DC | Credit: iStock

Investment giant warns global financial system is currently driving its own destruction by bankrolling continued climate damage

Aviva Investors has this morning called for a radical shakeup of the financial architecture that underpins the global economy to stop financial players channelling funds into activities that are driving...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

North East Mayor promises £23.7m funding boost for regional low carbon technology innovation

North East Mayor promises £23.7m funding boost for regional low carbon technology innovation

Multi-million-pound innovation programme to power research in clean chemicals and low carbon materials

Stuart Stone
clock 05 October 2026 • 4 min read
'Fuelling the financial shocks of tomorrow': UK banks branded Europe's biggest backers of coal projects

'Fuelling the financial shocks of tomorrow': UK banks branded Europe's biggest backers of coal projects

UK banks provided $8.3bn in loans and underwriting to coal companies between 2022 and 2025, according to new data

Stuart Stone
clock 30 September 2026 • 5 min read
Christian Aid launches £20m investment vehicle to boost community climate resilience

Christian Aid launches £20m investment vehicle to boost community climate resilience

New fund will back locally-owned businesses, but charity warns investment cannot replace reduced aid budgets

Stuart Stone
clock 24 September 2026 • 4 min read