Aegon N.V..
AEG.US | Life insurance
Aegon N.V. is a multinational life insurance, pensions, and asset management company headquartered in The Hague, Netherlands. It provides a range of financial products and services, including life insurance, pensions, savings, investments, and asset management solutions. Aegon operates in various co...Show More
Better Health for All
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The provided article focuses on Aegon's business model, including its description as a multinational life insurance, pension, and asset management company
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, its ownership
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, mission
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, revenue streams
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, competitors
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, and SWOT analysis
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. However, it explicitly states that no direct data on 'Better Health for All' is provided
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. Consequently, there is no specific, concrete evidence to assess any of the KPIs related to health impact, safety, accessibility, transparency, innovation, or other health-related initiatives.
Fair Money & Economic Opportunity
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Aegon N.V. operates as a life insurance, pensions, and asset management company.
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The company does not appear to be regulated as a lender, thus having no fair-lending history available. Similarly, the company does not provide debt products to consumers, making the debt burden ratio not applicable.
Fair Pay & Worker Respect
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No specific quantitative data was provided in the articles to assess Aegon N.V. against the defined KPIs for Fair Pay & Worker Respect. While the articles mention the existence of a Collective Labor Agreement (CLA) covering over 3,500 employees in the Netherlands
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, a commitment to investigate and address gender pay gaps by February 2019
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, and various health and wellness benefits like sick pay, a vitality budget, and mental health checks
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, the necessary percentages, ratios, or incident rates required by the rubric for scoring were not explicitly stated for any KPI.
Fair Trade & Ethical Sourcing
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No evidence available to assess Aegon N.V. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No specific, concrete data points were found in the provided article that fall within the specified timeframes or directly address the company's performance against the defined KPIs for Honest & Fair Business. The regulatory fine mentioned occurred between 2011 and 2015, which is outside the 'past three years' scope for the relevant KPI.
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Kind to Animals
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Aegon N.V. is a financial services company, and its core business model does not involve direct animal operations, animal testing, or the use of animal-derived products. Consequently, all KPIs related to these direct operational activities are not applicable. However, Aegon's investment funds, such as the Aegon Ethical Equity fund and those adhering to 'dark green' investment criteria, implement strict ethical exclusionary policies. These policies avoid investing in companies involved in animal testing, intensive farming, abattoirs, slaughterhouses, or those that are producers or retailers of meat, poultry, fish, or dairy products
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. Aegon Nederland N.V. is a member of the Farm Animal Investment Risk & Return (FAIRR) initiative
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and lists the Five Freedoms of Animal Welfare under its responsible investment guidelines
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. Aegon NL was also a founding signatory of the Finance for Biodiversity Pledge in 2020
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.
No War, No Weapons
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Aegon invests nearly 1.1 billion euros in arms companies, including 250 million euros in Lockheed Martin, and $280.46 million (approximately 266 million euros) in the nuclear weapons industry.
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This is despite Aegon NL's exclusion list, dated January 2023, which explicitly bans investments in companies manufacturing nuclear weapons and those involved in controversial arms trade.
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Aegon has not significantly improved its investment policy regarding arms companies since 2015.
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The companies Aegon invests in supply arms to 49 countries in armed conflict or violating human rights, including Saudi Arabia and the UAE, which faced Dutch government arms export restrictions in 2016 and 2018.
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Aegon NL does exclude investments in government debt from 15 countries under UN, EU, or US arms embargoes.
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Planet-Friendly Business
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Aegon's total Scope 1, 2, and 3 emissions, including financed emissions, were 3.46 million tCO2e in 2023.
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The company sources 75% of its total energy consumption from renewables.
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Aegon has ceased carbon offsetting.
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While Aegon considers its Scope 1, 2, and portfolio targets science-based, it has not committed to seeking SBTi validation for most of them within the next two years, though its direct real estate target is under review.
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Only 0.1% of its capital expenditure is aligned with the EU Sustainable Taxonomy.
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Aegon fully adopts the TCFD framework, with disclosures made since 2017, and conducts annual climate risk assessments using 1.5°C, 2°C, and 4°C scenarios, quantifying Climate Value at Risk.
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The company provides qualitative disclosure of climate-related asset risks and has divested from coal and controversial oil and gas extraction.
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Furthermore, 26.3% of its investments (investee companies) have approved Science Based Target initiative (SBTi) targets.
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Respect for Cultures & Communities
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No specific, quantifiable, and company-wide evidence was found in the provided articles to assess Aegon N.V. against the defined KPIs for 'Respect for Cultures & Communities'. Information pertaining to Aegon Nederland N.V. was explicitly stated as not inferable for AEG.US.
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While a community investment initiative in Bermuda was mentioned, it is a forward-looking program starting in 2025, and no percentage of company revenue reinvested was provided.
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Safe & Smart Tech
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Aegon NL is not ISO/ICE 27001 certified, a critical certification for handling sensitive data, although its key IT service provider is SSAE16 SOC 1 Type II audited annually.
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The company has not experienced any recent significant data breaches; the last reported breach affected 10,000 customers of its Indian subsidiary in 2017 due to a vulnerability, which was rectified immediately.
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Aegon NL implements two-factor authentication for remote access and email on personal devices.
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It conducts weekly vulnerability scans for Windows and UNIX/LINUX servers, regularly scans external IP addresses, and performs annual penetration tests for critical and web-based applications.
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All software is subjected to security tests and finalized by third-party penetration testing.
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Employee security awareness training includes e-learning with minimum test scores, quarterly phishing simulations, and presentations by security experts.
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The company states it is subject to GDPR and Dutch financial and pension laws, and is regulated by the Dutch National Bank.
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Zero Waste & Sustainable Products
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The company utilizes 100% fully recyclable, single-material packaging made from RESY-certified materials.
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Its repair service achieved a 91.22% successful back-to-use rate for processed devices, effectively diverting them from waste and extending their lifecycle.
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This reflects the company's promotion of circular design principles, including reducing virgin resource extraction and reusing components.
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The company had a repair rate target of no less than 90% successful return to market for all processed devices up until 2024.
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Waste reduction initiatives include converting food waste to compost, oil waste to biodiesel, using mixed residual waste for electricity, optimizing packaging, and optimizing office space.
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All offices apply waste segregation in line with local regulations and cooperate with external partners for ICT and e-waste management.
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