The Aegon Asset Management 2018 Responsible Investing Report highlights our commitment to supporting sustainable finance.
The Aegon Asset Management 2018 Responsible Investing Report outlines our approach to investments related to key issues such as climate change, tobacco, human rights and the international arms trade. It also covers our work on public policy and engagement with the companies.
Writing in this year's report, CEO Sarah Russell stresses the importance of responsible investing as an integral part of Aegon's overall responsible business approach. Through these investments, we are contributing to the UN's 2030 Sustainable Development Goals, particularly in areas like clean energy and sustainable real estate.
This year's report also includes an eight-page 'report-within-a-report' on recommendations issued by the Financial Stability Board's Task Force on Climate-related Financial Disclosures (TCFD). This offers a scenario analysis that shows the potential effect of global warming on Aegon's investment strategy. More and more companies are now adopting the TCFD's reporting recommendations, issued nearly two years ago.
In our view, responsible investment practices, such as ESG integration and aligning with long-term sustainability trends, can help improve business practices. Consumers are demanding sustainable products and services and investors are prioritizing asset allocation to sustainable companies. As a result, a focus on sustainability may become a competitive advantage.