Since 2020, Aviva Investors has been building a coalition of institutions focused on advocating for the creation of an International Platform for Climate Finance.

Current members include heads of multinational financial institutions, multilateral development banks and representatives of GFANZ and the UN Race to Zero initiatives.

Aviva Investors argues that to fully pivot finance towards a just transition to a more sustainable net-zero economy a grander vision than the Paris Agreement or the UN SDGs is needed. The asset manager wants its initiative to be the catalyst to a second Bretton Wood conference in 2024.

For Aviva Investors the current international financial architecture is still set as per the Bretton Wood agreements of 1944, a time when climate considerations were far from the spotlights.

Judges acknowledged that big problems need big solutions, and if Aviva Investors' initiative is "not easy to carry out, [it] at least looks like a bold attempt to do it right".