About us Sustainability Investors Newsroom Careers } else { } Aegon commits to group-wide net-zero emissions objective by 2050 November 02, 2021, 08:00 CET • 2 minute read Aegon Corporate Investors Press releases Aegon announces today that it has committed to transition its EUR 156 billion general account investment portfolio to net-zero greenhouse gas emissions by 2050. This is an important step in the strengthening of Aegon’s group-wide approach towards corporate sustainability. In this context, Aegon will join the Net-Zero Asset Owner Alliance, a UN-convened group of institutional investors committed to transitioning their portfolios to net-zero greenhouse gas emissions. To ensure progress towards this 2050 commitment, Aegon has set a clear medium-term target. By 2025, Aegon aims to reduce by 25% the weighted average carbon intensity of its approximately EUR 55 billion corporate fixed income and listed equity general account assets where it has control. Aegon will set additional targets at 5-year intervals for the period after 2025 until 2050. To reach the 2025 target, Aegon will make adjustments to its general account portfolio. Furthermore, Aegon will regularly engage with those companies in its global investment portfolio that are the most carbon intensive in order to drive real-world reductions in greenhouse gas emissions. Aegon will regularly update its group-wide responsible investment exclusion criteria to reflect the latest scientific findings on climate change. "Climate change is one of the most urgent environmental and social issues of our time, and Aegon is committed to helping transition to a net-zero carbon economy," said Lard Friese, CEO of Aegon."With today’s announcements, Aegon is embarking on a journey to transition its investment portfolio to net-zero emissions by 2050. To live up to this commitment, we have set a first medium-term target, underpinned by concrete action plans. I am convinced that by building a sustainable company, we can create lasting value for all our stakeholders." Additional actions are underway in local markets. For its Dutch business, Aegon will commit to an extended 2050 climate action plan to include separate account assets and off-balance sheet investments, next to general account assets. Earlier this year, Aegon UK announced its commitment to a 50% carbon reduction in its standard funds for workplace pensions by 2030 and net-zero emissions by 2050. Complementary to Aegon joining the Net-Zero Asset Owners Alliance, Aegon Asset Management will join the Net Zero Asset Managers Initiative. . Press releases Press release PDF Aegon commits to group-wide net-zero emissions objective by 2050 Contact Media relations Investor relations Newsletter sign up Related link OCTOBER 27, 2021 Aegon has completed the share buyback program announced on September 17, 2021 SEPTEMBER 21, 2021 An update on Aegon's sale of its Central and Eastern European business to VIG SEPTEMBER 17, 2021 Aegon to repurchase shares to neutralize impact of 2021 interim dividend paid in shares AUGUST 23, 2021 Aegon completes share buyback program August 2021 About us Governance Our businesses Contact Aegon Investors Financial results Analyst consensus Shareholders Dividends Financial calendar Newsroom News and updates Press releases Annual reports Sustainability Responsible investment Corporate citizenship Document library Careers Vacancy search Global careers Privacy Statement Cookie Statement Accessibility Disclaimer General terms and conditions Aegon 2021 We use cookies to make sure that our website works correctly and that you have the best experience possible. Cookies provide us important website use information. We also use cookies to provide tailored content, based on how you interact with our website and related emails.Read our Cookie Statement. Choose Cookies Accept All