Aegon NV

Life & Health Insurance / Asset Management & Custody Banks

AGN.AS

€ 4.8 0.65

Share price

$ 9.8 bn

Market Cap

$ 12 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.05x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2022

Aegon NV aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Aegon NV reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2021 at 22 Kt (-17 /-43.9% y-o-y). Also positively, carbon intensity decreased to 0.3 t (-0.4 /-57.1% y-o-y).

Aegon NV's Scope 3 emissions declined to 2.1 Kt (-0.04 /-1.8% y-o-y). The rate of decline has slowed compared to the trend since 4Q'18 (CAGR -37.5%).

The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Carbon offsets	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	22	5.6	16	2.1	(7.9)	63,907	0.3
2020Q4	39	5	34	2.1	(7.2)	59,820	0.7
2019Q4	42	5.2	36	11	(18)	75,719	0.6
2018Q4	52	5	47	14	(16)	24,781	2.1