Aegon sets net-zero investment targets for 2030

Core Points - Aegon has updated its net-zero targets for 2030, building on existing targets and reinforcing its commitment to transition its investment portfolio to net-zero GHG emissions by 2050 [1][3] - The new targets align with the guidance from the United Nations-convened Net-Zero Asset Owner Alliance (NZAOA), which provides a framework for science-based goals in line with the Paris Agreement [3] Summary by Categories 2030 Targets - Aegon aims to reduce the weighted average carbon intensity of its corporate fixed income and listed equity general account assets by 50% from a 2019 baseline [4] - The company plans to reduce the scope 1 and 2 carbon intensity of its directly held real estate investments by 42% from a 2019 baseline [4] - Aegon will invest an additional USD 1 billion, in addition to its existing USD 2.5 billion commitment, in activities to mitigate climate change or adapt to its impacts by 2030 [4] - The company will continue engagements with at least the top 20 corporate carbon emitters in its portfolio [4] Future Commitments - Beyond 2030, Aegon will update its targets every five years, in line with NZAOA guidelines [5]