Aegon

InfluenceMap Score
D+
Performance Band
53%
Organisation Score
52%
Relationship Score
Sector:
Financials
Head​quarters:
The Hague, Netherlands
Official Web Site:
Wikipedia:

Sustainable Finance Lobbying Overview: Aegon appears to have had some engagement on sustainable finance policy, with mixed positions.

Top-line Messaging on Sustainable Finance Policy: Aegon has consistently stated support for the goals of the Paris Agreement and more recently for net-zero by 2050, but has not clearly articulated the need for financial sector reform. Aegon has stated broad support for the EU's Sustainable Finance Action Plan in its CDP response in 2020 and in the 2018 Aegon Asset Management Responsible Investment report.

Position on Regulated Corporate ESG Disclosure: In its 2021 Integrated Annual Report, Aegon appeared to support the EU’s Corporate Sustainability Reporting Directive.

Position on Taxonomies: Aegon supported the taxonomy in a meeting with the European Commission in 2018. However, in a 2019 consultation on the taxonomy, Aegon suggested that the taxonomy as it stood should not be a priority of the Action Plan. In feedback to the European Commission's consultation on the Renewed Sustainable Finance Strategy in 2020, Aegon did not support the need for the development of a complementary taxonomy covering environmentally harmful activities.

Position on Integrating ESG into Investor Duties: Aegon stated broad support for the EU’s Sustainable Finance Disclosure Regulation (SFDR) in its 2021 Integrated Annual Report. In its CDP responses in 2020 and 2021, Aegon Asset Management supported the inclusion of ESG factors in stewardship standards in SRD II. However, in feedback to the Commission in 2020, it did not support the need for further regulation to clarify the inclusion of ESG factors into investor duties.

Position on Integrating ESG into Risk Management/Prudential Regulation: In feedback to the European Commission in 2020, Aegon did not appear to support proposals on stress testing, stating that scenario analysis was more suitable, or increased integration of sustainability issues into prudential regulation within Solvency II.

Industry Association Governance: Aegon does not appear to disclose its industry association memberships. Aegon is a member of industry associations that have broadly opposed ambitious sustainable finance policy, including the Investment Company Institute and Insurance Europe. Aegon is also a member of the IIGCC, which is very positively engaged on sustainable finance policy.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
42%
 
42%
 
56%
 
56%
 
47%
 
47%
 
42%
 
42%
 
48%
 
48%
 
81%
 
81%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.