Aegon has committed to two additional climate targets to support its ambition to achieve net-zero emissions by 2050. These targets are important steppingstones in our sustainability journey and helping the transition to a net-zero economy.
Net-zero emission targets
In November last year Aegon formally committed to transitioning its general account investment portfolio to net-zero greenhouse gas emissions by 2050. In this context Aegon joined the Net-Zero Asset Owner Alliance, a UN convened group of institutional investors with the same ambition.
To-date, Aegon has announced a target to reduce 25% of the weighted average carbon intensity of its corporate fixed income and equity assets by 2025, against a 2019 baseline. As required by our Alliance membership, Aegon has introduced two additional short-term targets, which further commit the company to:
- Invest USD 2.5 billion in activities to help mitigate climate change or adapt to the associated impacts by 2025.
- Engage with at least the top 20 carbon emitters in the portfolio by 2025.