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AEGON Asset Management

PRI reporting framework 2020

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Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles

          Global Head of Responsible Investment
        

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

13 Number

07.4. Additional information. [Optional]

13 FTE for Aegon Asset Management (end DEC 2019) excluding our strategic partner La Banque Postale Asset Management who have dedicated resources as well. Our joint-venture partner Aegon-Industrial Fund Management Co., Ltd. also assigned responsible personnel for the implementation of the ESG Integration Framework.

Besides the dedicated resources we have ESG experts in key functions (marketing, communications, products, portfolio managers and analysts), furthermore we work closely with RI experts in various business units across Aegon NV. Including this broader group of RI experts, the number of specialists is around 30.


SG 07 CC. Climate-issues roles and responsibilities

07.5 CC. Indicate the roles in the organisation that have oversight, accountability and/or management responsibilities for climate-related issues.

Board members or trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Investment Committee

Other Chief-level staff or heads of departments

Portfolio managers

Investment analysts

Dedicated responsible investment staff

External managers or service providers

07.6 CC. For board-level roles that have climate-related issue oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

Three members of Aegon NV’s management board are members of the internal Responsible Business and Investment Committee (RBIC), which provides an integrated view of responsible business and investment across the company; the Climate Change Working Group receives its mandate from the RBIC

07.7 CC. For management-level roles that assess and manage climate-related issues, provide further information on the structure and processes involved.

These roles take one of two forms:

Strategic: integrating climate change considerations into policy, process and procedures; for example, setting the RI policy and exclusions

Operational: integrating climate change considerations into day-to-day activities; for example, climate transition opportunities into sustainability-themed products, climate risk identification as part of fundamental research process

 

 

07.8 CC. Indicate how your organisation engages external investment managers and/or service providers on the TCFD recommendations and their implementation.


SG 08. RI in performance management, reward and/or personal development

08.1. Indicate if your organisation’s performance management, reward and/or personal development processes have a responsible investment element.

Board members/Board of trustees

08.1b. RI in personal development and/or training plan

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Operating Officer (COO), Investment Committee

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Other C-level staff or head of department

          Global Head of Responsible Investment
        

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Portfolio managers

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Investment analysts

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

Dedicated responsible investment staff

08.1a. RI in objectives, appraisal and/or reward

08.1b. RI in personal development and/or training plan

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.


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