Aegon Asset Management
Aegon is an active global investors which organises its capabilities around four global investment platforms where it has deep asset-class expertise: Fixed Income, Real Assets, Equities, and Multi-Asset & Solutions. Aegon joined the Net Zero Asset Managers Initiative in June 2022 and made its Initial Target Disclosure in March 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
40% of total AUM (USD $134 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Combined bonds & equities.
Weighted average carbon intensity in tCO2e per EUR million revenue.
490 tCO2e per EUR million revenue.
Number of engagement actions currently undertaken: 34
Direct engagement with investees: 14
Sector and value chain engagement – with numerous companies and stakeholders from the same sector or value chain: 13
Other: 20
Number of investees having SBTi aligned targets or committed to net-zero: 20
Number of investees having SBTi approved targets: : 3
Allocation to climate solutions baseline
0Mn USD
Target(s):
Combined bonds & equities
-25% WACI
Collaborative engagements supported e.g. via CA100+: 20
Direct engagement with investees: 25
Sector and value chain engagement – with numerous companies and stakeholders from the same sector or value chain: 10
Number of investees having SBTi aligned targets or committed to net-zero following engagement: 24
Number of investees having SBTi approved targets following engagement: 24
Allocation to climate solutions target
USD 2.5 billion across all eligible investment types: labelled bonds, structured credit, real assets and corporate bonds.
GHG scopes included:
We only consider scope 1 and 2 data of investee companies and plan to phase-in scope 3 as the data becomes more consistent through reporting requirements.
Methodology:
Net Zero Asset Owner Alliance Target Setting Protocol
Additional information
Proportion of AUM committed:
Target proportion reflects the expected share of AUM from clients / mandates / funds identified as having specific net-zero aligned management requirements corresponding to either the Net-Zero Asset Owner Alliance or the Net Zero Investment Framework. All figures have been rounded. This is our initial interim target for 2025 and that, correspondingly, not all of the assets included will necessarily include explicit net zero-aligned objectives today (e.g. sovereign bonds and other asset classes are subject to client objectives, but not yet explicitly covered in the methodologies). Over time we anticipate this share of AUM to grow toward 100% as clients mature and we are able to offer an increasing number of net-zero aligned strategies / funds.
Policy on coal and other fossil fuel investments:
Aegon AM Sustainability Risks and Impacts Policy – outlines our approach to addressing key sustainability risks, including fossil fuel investment.
Further information:
An overview of the net-zero targets of our parent company, Aegon N.V., can be found on the website.
Note: AUM information listed above is as of Sept 30, 2022.