Aegon UK will reinvest more than £ 3 billion ($ 4.1 billion) of its assets in environmental, social and governance strategies by mid-2021, while working to reduce carbon emissions by its defined contribution activities in the workplace by 2030.
Additionally, the company has pledged to eliminate carbon emissions from all of its default funds by 2050, a press release said Thursday. Aegon UK has £ 179 billion in assets under administration.
“As donors and a responsible company, we have an important role to play in the fight against climate change. We believe this is not just an environmental issue, but a central issue for the future financial well-being of our customers. Investors are giving us a very clear message that they want to see action, ”said Tim Orton, managing director of investment solutions at Aegon UK, in the statement.
“Aegon and other vendors have the power to influence the companies in which they invest and the third party fund managers who provide…
News Highlights Business
- According to the source Aegon decides to reduce carbon emissions from DC activities in his workplace
- Check all news and articles from the Business news updates.