Aegon

The financial institution has a publicly available policy statement committing to respect ILO core labour rights and expects suppliers to do the same. It discloses its approach to lobbying and political engagement as well as its lobbying expenditures. Decision-making and oversight for the sustainability strategy are assigned to the highest governance body, with performance criteria for senior executive remuneration linked to specific sustainability targets. Responsibility for implementing the sustainability strategy is assigned to various functions, teams, or committees.

The institution has a stewardship policy that supports environmental transitions and social best practices in line with its sustainability strategy. It also has a publicly available policy statement committing to respect human rights and discloses actions taken to align lobbying and public policy engagement with its sustainability strategy. It identifies key sectors, clients, and investees for climate engagement and provides examples of how its products and services support climate adaptation and resilience.

Furthermore, the institution monitors its Scope 1-2 emissions and emissions from associated financing activities (Scope 3 category 15). It also discloses its operational data by country, such as the number of employees or revenue.

The financial institution has made progress in sustainability and wage practices but faces some disclosure and policy gaps. While recognized for providing a living wage in one region, it lacks transparency on determining living wages across all operations. It also does not formalize its stance against political contributions in a public policy. Although it identifies sustainability material impacts, it could further detail its process and evidence criteria. Third-party assurance of target reporting is recommended.

The institution’s exclusion criteria for fossil fuels lack clarity regarding new projects and associated clients. It has no group-level, time-bound climate targets and should enhance its scope 3 emissions coverage to include further categories. A comprehensive transition plan covering operations, supply chains, and portfolios is suggested. Additional disclosures are needed on avoiding unintended impacts in low-income regions, mitigating risks tied to ILO rights, and addressing human rights issues linked to its products and services.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.