Aegon Asset Management
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:13,246 metric tonnes CO2e
Renewable Energy Share:99%
ESG Focus Areas
- Climate change
- Inclusion and diversity
Environmental Achievements
- 68% absolute reduction in operational carbon footprint from 2019 baseline by the end of 2023
- 99% green electricity purchased
- 37% reduction in carbon intensity of corporate fixed income and listed equity general account assets against 2019 baseline by 31 December 2023
Social Achievements
- Exceeded target of 37% women in senior management roles
- Launched first Global Inclusion & Diversity survey
- Launched Social Responsibility Communities
Governance Achievements
- Established Aegon Global Sustainability Board (GSB) in December 2021 to oversee sustainability approach
- Aegon AM Sustainability Board provides advisory role to Aegon AM Global Management Board
Climate Goals & Targets
Long-term Goals:
- Net-zero greenhouse gas emissions across its business operations by 2050
Medium-term Goals:
- 50% reduction in operational GHG emissions by 31 December 2029
Short-term Goals:
- 25% reduction in operational GHG emissions by 31 December 2024
- At least 40% of assets under management aligned with net-zero objectives by 2025
- 25% target reduction in the carbon intensity of corporate fixed income and listed equity general account assets by 2025 relative to a 2019 baseline
Environmental Challenges
- Difficulty quantifying individual results for Aegon AM due to shared office space with Aegon affiliates
- Impact of changing work patterns on carbon footprint
Mitigation Strategies
- Continued monitoring of the impact of hybrid working on carbon footprint
Supply Chain Management
Responsible Procurement
- Aegon's Vendor Code of Conduct (VCC)
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: CSRD