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Responsible investment

Aegon Asset Management invests around €343 billion on behalf of our customers, offering the best possible long-term returns, consistent with their individual risk profiles and requirements.

In terms of Responsible Investment (RI), satisfying a diverse global client base can be challenging. For example, different clients (and other stakeholders) in different countries often have differing views on Responsible Investment themes; Environmental Social & Governance factors may be interpreted differently depending on the specific circumstances of an investment case; and not every client mandate explicitly allows Aegon to consider elements like impact investment for their portfolio.

Responsible Investment Framework

Aegon Responsible Investment Framework

In 2010, we established a Responsible Investment framework, to help formalize our approach to Reponsible Investment. Learn more about the different parts of our framework below.

Policy & Governance

Our Responsible Investment policy and governance are at its core. In 2011, Aegon became a PRI signatory and our global Responsible Investment Committee was established. During 2015 we also introduced a Responsible Investment Strategy Committee (RISC) to focus on our long-term direction.

Investment Analysis

The research team at Aegon Asset Management generates tear-sheets (investment analysis summaries that include ESG data) for all portfolio managers – those who manage portfolios on behalf of our Aegon partners as well as third-party clients.

We ensure that portfolio managers and analysts at Aegon Asset Management are well-positioned to consider ESG in their investment work, by providing them with training and the best available ESG data and research, and by ensuring that they have easy access to this data, for example by incorporating this into the tear-sheets.

Active Ownership

When making investment decisions, there are certain countries and companies that we won't consider. These are outlined on our exclusions list. When determining these, we follow universally accepted principles as much as possible. International treaties that have been ratified by a large number of countries usually provide a good indication of which standards are universally accepted. For example, in the area of controversial weapons and human rights.

Learn more about our approach to investments in the arms industry >

In most countries where we operate, the exclusion list only applies to the Aegon general account assets, in line with best practices in those countries. Where possible we engage in dialogue with our external clients in order to determine if they wish to have negative screening applied to their mandates.

In the Netherlands, however, our exclusion list applies to all of our investments, regardless of the client, as is standard practice in the Dutch financial services industry.

As with ESG integration, we feel that engagement with the companies we invest in and actively voting on key issues, should be an integral part of the investment process. We we base these activities on ESG risks identified in the investment analysis process and – as with exclusions – on generally accepted standards in the areas of climate change, governance, human rights, etc. The UN Global Compact also provides a relevant framework of standards.

Targeted Investments

Impact investments

Aegon has long been active in impact investments – investments that are intended to achieve a social or environmental outcome in addition to generating a financial return.

Learn more: Just how responsible is Aegon? >

Our impact investment activities to date have mostly been undertaken on behalf of our Aegon partners. However, we see increasing interest from our third-party clients in investments in areas such as green bonds, affordable housing and renewable energy.

Overview of the types of Impact Investments we make (pdf) >

Socially Responsible Investment Funds

Aegon currently offers a number of Socially Responsible Investment (SRI) funds in the UK, the Netherlands and Hungary. For SRI funds we look for categories of investments that perform well in terms of ESG, or focus on the best performers in certain sectors. Funds that exclude certain sectors or activities that don't meet specific ESG criteria, such as companies with poor human rights records, or companies active in the arms or tobacco industries.

 

Total assets held in ethical or SRI funds (€ billion)

As of December 2015, Aegon had more than € 3 billion of assets under management (AuM) in Socially Responsible Investment products. In addition, AAM's joint venture in China, Aegon Industrial Fund Management Company also provide green and SRI funds with a value of € 1.18 billion (AuM).

 

updated December 22, 2016

2015 Responsible Investment Report

 

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Responsible Investment news


Responsible Investment

A number of documents outline our approach to responsible investment >

2015 Responsible Investment Report

 

Download now

More

Responsible Investment news


Responsible Investment

A number of documents outline our approach to responsible investment >

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