ShareAction, through its Asset Owners Disclosure Project, has ranked the world’s largest asset managers for responsible investment. Aegon Asset Management was sixth overall, placing us in the top decile of the 75 managers surveyed. We were also the highest-rated of the specialist fixed income managers surveyed.
Titled 'Point of No Returns', the new report evaluates the world's largest asset managers on a range of ESG-related criteria, including responsible investment governance, climate change, biodiversity and human and labour rights. The questionnaire was developed with input from external experts and mapped to the structure of the recommendations from the Task Force on Climate-related Financial Disclosures.
According to ShareAction's report, most asset managers continue to demonstrate a sub-standard approach to responsible investment, with the six largest managers by assets under management appearing in the lowest two ratings bands. However, the report identified clear pockets of best-practice in the industry, with asset managers showing innovative approaches to addressing the challenges at hand.
ShareAction's report highlights a degree of complacency in the broader industry and as a leader we are committed to driving best-practice for the benefit of all.Brunno Maradei, Global Head of Responsible Investment
Commenting, Brunno Maradei, Aegon Asset Management's Global Head of Responsible Investment, said: "We welcome this independent recognition of our long-term commitment to responsible investment, which extends across the full breadth of our active investment capabilities, including fixed income, real assets and equities. We are particularly pleased to be recognised for our innovation in responsible fixed income, where we were the highest-rated specialist manager. The report also highlights a degree of complacency in the broader industry and as a leader we are committed to driving best-practice for the benefit of all."
ShareAction is a non-profit working to build a global investment sector which is responsible for its impacts on people and planet. It mobilises investors to take action to improve labour standards, tackle the climate crisis, and address pressing global health issues, such as childhood obesity. Over the last 15 years, ShareAction has used its toolkit of research, corporate campaigns, policy advocacy and public mobilisation to drive responsibility into the heart of mainstream investment. For more information, visit www.shareaction.org.
This communication is provided by Aegon Asset Management as general information and is intended exclusively for institutional and wholesale investors as well as professional clients as defined by local laws and regulations. This material contains current opinions of the manager and such opinions are subject to change without notice.
The following Aegon affiliates are collectively referred to herein as Aegon Asset Management: Aegon USA Investment Management, LLC (Aegon AM US), Aegon USA Realty Advisors, LLC (Aegon RA), Kames Capital plc (Kames), and Aegon Investment Management B.V. (AIM). Each of these Aegon Asset Management entities is a wholly owned subsidiary of Aegon N.V.
All investments contain risk and may lose value. There is no guarantee that responsible investing (RI) products or strategies will produce returns similar to traditional investments. Socially responsible investing is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgment exercised, by any company of Aegon Asset Management will reflect the beliefs or values of any one particular investor. Aegon Asset Management may obtain information regarding responsible practices through voluntary or third-party reporting, which may not be accurate or complete, and Aegon Asset Management is dependent on such information to evaluate a company's commitment to, or implementation of, responsible practices. Socially responsible norms differ by region. There is no assurance that any socially responsible investing strategy or techniques employed will be successful. Nothing in this material constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate for any investor. Investors should consult their investment professional prior to making an investment decision. The information provided herein is not directed at any investor or category of investors and is provided solely as general information about products and services and to otherwise provide general investment education.
This material includes ratings and rankings for Aegon Asset Management's responsible investment activities. ShareAction conducted a survey ("Point of No Returns", March 2020) of 75 of the world's largest asset managers across 17 countries (based on AUM as of December 31, 2017 according to IPE's 2018 Top Asset Managers List). The survey results are based on responses from the asset manager and do not reflect the experience of the clients individually or collectively of any company of Aegon N.V. Rankings were not based on the performance not indicative of future results. Aegon Asset Management did not pay a fee to participate in the survey. The assessment includes the ranking and analysis of the manager's performance on stewardship, transparency and governance. The themes covered in the survey include responsible investment governance, climate change, biodiversity and human and labour rights, a development from previous AODP assessments that focused solely on climate change. The questionnaire was developed with input from external experts and mapped to the structure of the TCFD recommendations for all themes. For additional information, please visit ShareAction's site: https://shareaction.org/research-resources/point-of-no-returns/methodology/
Kames Capital plc is authorised and regulated by the Financial Conduct Authority (FRN: 144267) and is additionally a registered investment adviser with the United States (US) Securities and Exchange Commission (SEC). Aegon Investment Management B.V. and TKP Investment B.V. are registered with the Netherlands Authority for the Financial Markets as a licensed fund management company. On the basis of its fund management license Aegon Investment Management B.V. is also authorized to provide individual portfolio management and advisory services in certain jurisdictions. Aegon USA Investment Management, LLC and Aegon USA Realty Advisors, LLC are both US SEC registered investment advisers. Aegon Asset Management US is also registered as a Commodity Trading Advisor (CTA) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
Recipient shall not distribute, publish, sell, license or otherwise create derivative works using any of the content of this report without the prior written consent. ©2020. AdTrax: 2988984.1. Exp date: February 28, 2022