{"id":2549,"date":"2025-11-10T10:42:37","date_gmt":"2025-11-10T10:42:37","guid":{"rendered":"https:\/\/tcap.blog\/?p=2549"},"modified":"2025-11-10T12:54:17","modified_gmt":"2025-11-10T12:54:17","slug":"shareholder-spotlight-aviva-plc-norwich-union-rebranded-ethics-abandoned","status":"publish","type":"post","link":"https:\/\/tcap.blog\/2025\/11\/10\/shareholder-spotlight-aviva-plc-norwich-union-rebranded-ethics-abandoned\/","title":{"rendered":"Shareholder Spotlight : Aviva PLC – Norwich Union Rebranded, Ethics Abandoned"},"content":{"rendered":"\n
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Aviva PLC sells itself as a pillar of British respectability. Heritage, trust, sustainability. Scratch the polish and you\u2019ll find something far grimmer underneath. The former Norwich Union has rebranded into an ESG poster child while quietly investing in Cummins Inc., the engine maker fined for emissions cheating and still raking in billions from diesel power.<\/p>\n\n\n\n

Aviva holds about $52 million in Cummins stock, roughly 0.12 per cent of the company. A small slice of ownership, a big whiff of hypocrisy.<\/p>\n\n\n\n


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Betting On Pollution<\/strong><\/h2>\n\n\n\n

Cummins broke the law, paid the fines, and kept selling engines that fuel the same problem they claim to fix. Aviva, meanwhile, stayed invested and silent. A responsible investor might divest. Aviva chose dividends.<\/p>\n\n\n\n

They posture about \u201cresponsible capitalism\u201d while backing one of diesel\u2019s dirtiest players. Cummins\u2019 backup generators keep the world\u2019s data centres humming \u2013 and the air anything but clean. Aviva\u2019s sustainability talk looks more like a marketing exercise than a moral compass.<\/p>\n\n\n\n


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India\u2019s Fake-Invoice Fiasco<\/strong><\/h2>\n\n\n\n

In February 2025, Indian tax authorities fined Aviva Life Insurance $7.5 million for a fake-invoice operation that dodged about $5.2 million in taxes. Officials described a pattern of fabricated credits and under-the-table agent payments. Aviva blamed \u201clegacy compliance gaps\u201d. Regulators called it fraud.<\/p>\n\n\n\n

Same playbook, different continent: profits first, ethics later, contrition optional.<\/p>\n\n\n\n


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The Hypocrisy Fund<\/strong><\/h2>\n\n\n\n

Aviva\u2019s investments don\u2019t line up with its slogans.<\/p>\n\n\n\n