Stepping up action on the climate change challenge

Transitioning our investments to net-zero

As part of our responsible investment framework, we have committed to transition our general account investment portfolio* to net-zero greenhouse gas (GHG) emissions by 2050. We have set clear medium-term targets for 2025, against a 2019 baseline:

• Reducing the weighted average carbon intensity of our corporate fixed income and listed equity general account assets by 25%;
• Reducing the scope 1 and 2 carbon intensity of our directly-held real estate investments by 25% (kgCO2e/m2);
• Investing USD 2.5 billion in activities to help mitigate climate change or adapt to the associated impacts; and
• Engaging with at least the top 20 corporate carbon emitters in the portfolio.

Updated targets for 2030

In December 2024, Aegon updated its net-zero targets for 2030. These goals build on Aegon’s current set of targets that apply until year-end 2024, and that the company expects to meet. This new set of targets reinforces Aegon’s commitment to transition its general account investment portfolio of around EUR 70 billion to net-zero greenhouse gas (GHG) emissions by 2050, supporting the global transition to a net-zero economy. 

The new targets align with the latest guidance issued by the United Nations-convened Net-Zero Asset Owner Alliance (NZAOA), of which Aegon is a member. This guidance includes a comprehensive framework for setting science-based goals aligned with the Paris Agreement. 

By 2030, Aegon aims to: 

• Reduce the weighted average carbon intensity of Aegon’s corporate fixed income and listed equity general account assets by 50% against a 2019 baseline. 
• Reduce the scope 1 and 2 carbon intensity of Aegon’s directly held real estate investments by 42% against a 2019 baseline.
• Invest an additional USD 1 billion, on top of Aegon’s existing USD 2.5 billion commitment, in activities to help mitigate climate change or adapt to the associated impacts by 2030.
• Continue engagements with at least the top 20 corporate carbon emitters in Aegon’s portfolio.

Beyond 2030, Aegon will continue to update its targets in five-year intervals, which aligns with the schedule set out in the NZAOA's guidelines.

Read the press release

We collaborate to counter climate change

In order to amplify our impact, we have signed several international commitments that guide our internal practices and policies and help shape our overall approach to sustainability.

Go to our Commitments

^{* The general account portfolio consists of assets where Aegon can take the investment decisions, considering the legal obligations of Aegon as prescribed by local laws and regulations. A similar approach applies to selected investments where Aegon Asset Management in its capacity of manager takes the investment decisions. For discretionary investments for account of third parties and off-balance sheet investments, the investment decisions are driven by the relevant third parties as well as the legal and/or fiduciary obligations of Aegon, as prescribed by local laws and regulations.}