Investing to enhance and restore our natural capital
We help our clients enhance and restore the world’s natural capital. We do this by investing in nature-based solutions to support climate goals, protect ecosystems, and promote human wellbeing and biodiversity. Returns are generated from timber, carbon, land appreciation and other associated nature-based revenues.
Enabling a tangible path to net zero
Residual carbon is inevitable in virtually all operational businesses. Nature-based carbon removal solutions are key enablers to reach net zero ambitions. They can be used in partnership with operational decarbonisation by corporates, public institutions and pension funds.
Measured positive nature and social impacts
Investments in natural capital can drive sustainable economic growth by creating green jobs and income for those often living in rural areas. Moreover, investing in nature-based solutions supports diverse species and enhances ecosystem resilience by protecting and restoring ecosystems.
Diversification and alternative green investments
Natural capital assets can offer sustainable, long-term returns. These come via diversified income streams - such as from land value appreciation and the sale of ecosystem services such as carbon and timber. They also offer low correlation to traditional asset classes, reducing overall portfolio volatility.
Explore strategies and key performance data
Find the latest prices and performance data in our fund centre via the links below. If you have any questions, please contact our distribution team.
Aviva Investors Carbon Removal Fund
A private markets strategy that seeks to deliver measured social and environmental impact and deliver diversified returns through direct investments into high-integrity carbon removal solutions and their associated revenue streams.
Creating value for and from nature
Our team’s technical expertise combines deep understanding of real assets investments, net zero pathways, carbon markets and nature-based solutions. We follow deep due diligence processes to deploy capital into high-integrity natural capital projects and nature-based solutions. We focus on targeted locations and project types, gaining deep knowledge of local markets and building strong relationships with development partners to create diversified portfolios of assets.
We also engage actively, both domestically and internationally, through our macro stewardship teams to ensure policy conditions support the prioritisation and scale-up of nature restoration and recovery.
Natural capital
Natural capital refers to the world's stock of natural resources, which includes elements like geology, soils, air, water and all living organisms.

Nature-based solutions
Nature-based solutions (NbS) are projects that utilise natural processes and ecosystems to restore our natural capital. They can also be used as alternatives to grey infrastructure in the traditional engineering sense.

Ecosystem services
Ecosystem services are the essential goods and services that we get from our natural capital and natural world that support human life and economic activities.

Note: Targets and outcomes are not guaranteed and may not be achieved.
The circle of investments in nature
Investing in nature-based solutions projects improves and restores our natural capital stocks, bringing value to society due to our reliance on nature and its ecosystem services. Carbon, timber and other commodities are the market mechanisms that assign value to these ecosystem services, making them investable.

Investment insights
Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.
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2025 voting trends: Four themes to watch
17 Mar 2025
As AGM season gets under way, we look at the key trends that will shape resolutions and lay out our guiding principles for voting.
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Transition finance: How the UK can lead as transition finance reshapes investing and economies
18 Feb 2025
As a member of the UK’s newly formed Transition Finance Council, Mark Versey explains why and how a transition finance lens can transform investing.
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Decarbonising buildings: Five barriers and how to overcome them
28 Jan 2025
The built environment generates almost two-fifths of global emissions, but decarbonising the sector will require a coordinated effort. We brought together experts across the value chain to discuss shared challenges and solutions.
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Can credit hold firm in 2025? The outlook for investment grade credit and climate transition
24 Jan 2025
Credit spreads remained largely immune to turbulence in 2024 despite concerns for a reacceleration in inflation, an unprecedented scale of global elections and volatility on economic data and changing rate cut expectations. Where to in 2025?
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Infrastructure debt in 2025: Investor research and discipline are key to unlocking value in the sector
23 Jan 2025
European infrastructure debt issuance should pick up as governments look to stimulate their economies and support the energy transition. But with banks keen to fund some of the best opportunities, investors need to maintain their discipline.
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40 years of lending lessons: How four decades in real estate debt has shaped Aviva Investors’ approach
12 Dec 2024
From navigating market crashes to embracing ESG and technology, Adrian Poole and Gregor Bamert reveal how 40 years of real estate debt investing have moulded Aviva Investors’ strategy – and what it takes to stay ahead in a rapidly changing market.
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What’s next for nature? Key takeaways from Biodiversity COP16
11 Dec 2024
Following our participation at COP16, the 16th meeting of the Conference of the Parties to the UN Convention on Biological Diversity, we reflect on the key themes that emerged, outstanding challenges, and what this all means for investors.
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Buy-and-maintain credit: Taking the road to net zero
10 Dec 2024
Long-term trends like climate change are particularly important for buy-and-maintain investors. How can they integrate climate objectives, such as net zero by 2050, into their portfolios?
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Decarbonising transport: Five key challenges and how to overcome them
26 Nov 2024
Creating sustainable transport solutions is vital to meet net-zero pledges, but progress has been patchy. To encourage mobilisation across value chains, we brought together a range of sector experts to identify key blockers and potential solutions.
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Building bridges to net zero: Mobilising value chains for decarbonisation
25 Nov 2024
From aviation to heavy industry, achieving net zero requires a collective unlocking of entire ecosystems. This is what our sector roundtables aim to do, by bringing together stakeholders from across the value chain of high-impact sectors.
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Striking a balance: Key themes from the first eight months of 2024 AGMs
21 Oct 2024
Annual general meetings (AGMs) are an opportunity for responsible investors to share their priorities with companies and express their views on key elements of strategy and governance. Our Stewardship team reviews our 2024 AGM engagement and voting activity.
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Navigating nature: Opportunities for the investor of tomorrow
16 Oct 2024
Our society, economies and financial systems are embedded in nature, not external to it. This paper sets out the actions we are taking to understand nature-related risks and opportunities to deliver outcomes that meet our clients’ needs, and to support nature-related global goals.
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Five things you need to know about LTAFs: Lessons for investors in UK private markets
4 Oct 2024
In November 2021, regulatory changes were introduced in the UK to help facilitate investment into private asset classes. This article on Long-Term Asset Funds (LTAFs) captures five things defined contribution pension schemes should know about progress so far.
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Only connect: How a holistic approach to investment stewardship can enhance client outcomes
27 Sep 2024
From direct investments and engagement with companies to dialogue with governments and regulators, we believe stewardship efforts can deliver better outcomes for clients.
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Get networking: Will the next decade be a golden age for UK infrastructure?
3 Sep 2024
While there are obstacles to overcome, the coming years could see new opportunities for the UK government and the private sector to work together on infrastructure projects, says Darryl Murphy.
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Real asset stories: Curtain House
8 Aug 2024
In the first instalment of a new series of case studies on our real asset investments, we look at Curtain House, a Victorian warehouse Aviva Investors is converting into a modern, environmentally friendly office building.
Private Markets Study 2025
In the seventh edition of the study, we collected the views of 500 institutional investors around the world. We delved into some of the key questions facing private market investors today: Why do they invest in private markets? How do they expect the asset classes to perform over the next few years? What are the biggest barriers to investing today? And how do they incorporate sustainability?

House View
No one can predict the future. But our quarterly House View sets out the collective wisdom of our investment teams on the current state of global markets – and where they might be heading.

Key risks
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
Investment and currency risk
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.
Illiquid securities risk
Certain assets held in the fund could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile.
Sustainability risk
The level of sustainability risk to which the fund is exposed, and therefore the value of its investments, may fluctuate depending on the investment opportunities identified by the investment manager.
Natural capital team
Meet our natural capital investment team.

Greta Talbot-Jones
Associate Director, Responsible Investment

Zoe Austin
Portfolio manager

Kiran Sehra
Nature Specialist

Viktor Dietrich
Research Director
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Private markets
As one of Europe’s largest private markets investment managers, we have the scale to access the full depth and breadth of private markets. Find out more about our other private markets capabilities.