Aegon has set a new target that supports its commitment to net-zero emissions by 2050.
Aegon has committed to an additional climate target to support its ambition to achieve net-zero emissions by 2050:
- Aegon commits to reducing the scope 1 and 2 carbon intensity of its directly-held real estate investments by 25% (kgCO2e/m2) by 2025, against a 2019 baseline.
Since November 2021, when Aegon joined the Net-Zero Asset Owner Alliance, Aegon set a series of targets to transition its general account investment portfolio to net-zero greenhouse gas emissions by 2050. Aegon has already committed to:
- Reduce 25% of the weighted average carbon intensity of its corporate fixed income and listed equity assets by 2025, against a 2019 baseline.
- 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 corporate carbon emitters in the portfolio by 2025.
This new target puts Aegon’s directly-held real estate investments on the same reduction path as its 2025 target for corporate fixed income and listed equity, and is another step in Aegon’s ambition to help the transition to a net-zero economy.
Click here for more information about our climate ambition and approach.