The report outlines the approach of the Aegon companies to responsible investment across policy, governance, ESG integration, engagement & voting, and impact investment. It demonstrates a commitment to integrating environmental, social and governance factors into our investment decision-making, and our support for sustainable finance.
Further develop ESG integration
In 2017, Aegon Asset Management launched a program called ESG Next, where RI specialists from the US and the Netherlands worked intensively with investment teams to further develop their approach to ESG integration. The first pilot projects and initial learnings from the program are detailed in the report.
Climate-Related Financial Disclosures
Another important development in 2017 was the publication of the recommendations of the FSB Task-Force on Climate-Related Financial Disclosures (TCFD), that was also endorsed by Aegon CEO Alex Wynaendts. The TCFD recommendations provide a useful framework for assessing climate-related risk and has been at the top the agenda of the newly established Climate Working Group (CWG). The report also provides Aegon's first TCFD recommended disclosure.
Insights on Impact Investment
Furthermore, the report discusses our approach to impact investment and the UN Sustainable Development Goals. In a number of case studies and interviews we share insights on the impact of microfinance, discuss new initiatives in affordable and workforce housing in the US, and provide details on our involvement in the launch of FMO's Climate Investor One fund.
We are proud to share these learnings, and to showcase colleagues around the world who took part in these responsible investment activities. We hope the insights from the report will contribute to the continuing adoption of responsible investment practices and to the further development of investment solutions improving people's well-being and leading to a more sustainable world.