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Select an assessment year:

  • Overall approach
    4/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      2/2
      Yes
      2/2
      "We engaged with companies on selected ESG issues that we believe pose long-term risks to their business, or to the health and well-being of our customers, society and the planet...Biodiversity: We advocated for improved disclosure on both companies’ policies and sourcing with regards to biodiversity, particularly regarding their impact on deforestation"
    • Target to reduce emissions in scope 1/2
    • Company must have anti-corruption policy
      2/2
      Yes, both an anti-corruption policy and a policy on prohibiting abusive tax arrangements
      2/2
      "Aegon expects the companies in which it invests to adhere to high ethical standards and operate free from corruption. All companies, no matter how big or small, are vulnerable to corruption. Where companies fail to effectively combat corruption in all its forms, the risks and reputational damage can be severe."
  • Commodity score
    27/90
    • Beef & Leather
      18/90
      • Commitment Strength
        2/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          1.8/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all deals
            No
            0/0.4
            Policy applies to all deals
            No
            0/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        17/28
        • Company must ensure Free, Prior and Informed Consent
          5.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant."  
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes

            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of Association
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
        • Company must address gender equality issues
          2.1/5.6
          • Commitment details
            Companies must address gender related worker and labour rights only for own operations - Encouraged
            0.5/4
            Commitment details
            Companies must address gender related worker and labour rights only for own operations - Encouraged
            0.5/4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Palm oil
      24/90
      • Commitment Strength
        8/31
        • Commodity-specific deforestation financing policy
          5/9.6
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            Aegon NL excludes companies that: Derive 5% or more of their revenues from palm oil production and/or distribution." For all other stages of supply chain (ie. companies deriving less than 5% of their revenue from palm oil): "Do agriculture companies prevent the burning of naturally occurring ecosystems (e.g. forests and savanna) for the purpose of land clearing to establish large-scale agricultural plantations? Do agricultural companies have ‘No Deforestation, No Peat, No Exploitation’ (NDPE) in place? [...] Where it is determined that further engagement with a company is unlikely to yield the required results set out in the engagement plan, Aegon NL may decide to add the company to its exclusion list and / or divest its existing investments."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Only Dutch version of company - For producers and processors: "Aegon NL excludes companies that: Derive 5% or more of their revenues from palm oil production and/or distribution." For all other stages of supply chain (ie. companies deriving less than 5% of their revenue from palm oil): "Do agriculture companies prevent the burning of naturally occurring ecosystems (e.g. forests and savanna) for the purpose of land clearing to establish large-scale agricultural plantations? Do agricultural companies have ‘No Deforestation, No Peat, No Exploitation’ (NDPE) in place? [...] Where it is determined that further engagement with a company is unlikely to yield the required results set out in the engagement plan, Aegon NL may decide to add the company to its exclusion list and / or divest its existing investments."; (All operations) "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: Do companies actively seek to prevent their products and operations from having a negative impact on UNESCO World Heritage sites, IUCN protected areas, and wetlands as defined in the Ramsar Convention on Wetlands of International Importance? Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept? [...] Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests? [...] Aegon NL believes that governments, companies and investors have a responsibility to care for nature, the environment, water resources, and to preserve biodiversity. We expect companies to take measures on these issues where they can."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            For producers and processors: "Aegon NL excludes companies that: Derive 5% or more of their revenues from palm oil production and/or distribution." For all other stages of supply chain (ie. companies deriving less than 5% of their revenue from palm oil): "Do agriculture companies prevent the burning of naturally occurring ecosystems (e.g. forests and savanna) for the purpose of land clearing to establish large-scale agricultural plantations? Do agricultural companies have ‘No Deforestation, No Peat, No Exploitation’ (NDPE) in place? [...] Where it is determined that further engagement with a company is unlikely to yield the required results set out in the engagement plan, Aegon NL may decide to add the company to its exclusion list and / or divest its existing investments."; (All deals) "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: Do companies actively seek to prevent their products and operations from having a negative impact on UNESCO World Heritage sites, IUCN protected areas, and wetlands as defined in the Ramsar Convention on Wetlands of International Importance? Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept? [...] Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests? [...] Aegon NL believes that governments, companies and investors have a responsibility to care for nature, the environment, water resources, and to preserve biodiversity. We expect companies to take measures on these issues where they can."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            For producers and processors: "Aegon NL excludes companies that: Derive 5% or more of their revenues from palm oil production and/or distribution." For all other stages of supply chain (ie. companies deriving less than 5% of their revenue from palm oil): "Do agriculture companies prevent the burning of naturally occurring ecosystems (e.g. forests and savanna) for the purpose of land clearing to establish large-scale agricultural plantations? Do agricultural companies have ‘No Deforestation, No Peat, No Exploitation’ (NDPE) in place? [...] Where it is determined that further engagement with a company is unlikely to yield the required results set out in the engagement plan, Aegon NL may decide to add the company to its exclusion list and / or divest its existing investments."; (All deals) "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: Do companies actively seek to prevent their products and operations from having a negative impact on UNESCO World Heritage sites, IUCN protected areas, and wetlands as defined in the Ramsar Convention on Wetlands of International Importance? Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept? [...] Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests? [...] Aegon NL believes that governments, companies and investors have a responsibility to care for nature, the environment, water resources, and to preserve biodiversity. We expect companies to take measures on these issues where they can."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            For producers and processors: "Aegon NL excludes companies that: Derive 5% or more of their revenues from palm oil production and/or distribution." For all other stages of supply chain (ie. companies deriving less than 5% of their revenue from palm oil): "Do agriculture companies prevent the burning of naturally occurring ecosystems (e.g. forests and savanna) for the purpose of land clearing to establish large-scale agricultural plantations? Do agricultural companies have ‘No Deforestation, No Peat, No Exploitation’ (NDPE) in place? [...] Where it is determined that further engagement with a company is unlikely to yield the required results set out in the engagement plan, Aegon NL may decide to add the company to its exclusion list and / or divest its existing investments."; (All deals) "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: Do companies actively seek to prevent their products and operations from having a negative impact on UNESCO World Heritage sites, IUCN protected areas, and wetlands as defined in the Ramsar Convention on Wetlands of International Importance? Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept? [...] Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests? [...] Aegon NL believes that governments, companies and investors have a responsibility to care for nature, the environment, water resources, and to preserve biodiversity. We expect companies to take measures on these issues where they can."
        • Companies must be legally operated
          2.6/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        17/28
        • Company must ensure Free, Prior and Informed Consent
          5.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:... When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Applies to Aegon NL only: "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:.. When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:.. When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:.. When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            " We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:..When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes

            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of Association
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
        • Company must address gender equality issues
          2.1/5.6
          • Commitment details
            Companies must address gender related worker and labour rights only for own operations - Encouraged
            0.5/4
            Commitment details
            Companies must address gender related worker and labour rights only for own operations - Encouraged
            0.5/4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Soy
      19/90
      • Commitment Strength
        3/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          2.6/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        16/28
        • Company must ensure Free, Prior and Informed Consent
          5.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:... When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Applies to Aegon NL only: "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:... When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
        • Companies must have a grievance mechanism
          5.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all companies
            No
            0/0.4
            Policy applies to all companies
            No
            0/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of Association

            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
        • Company must address gender equality issues
          2.1/5.6
          • Commitment details
            Companies must address gender related worker and labour rights only for own operations - Encouraged
            0.5/4
            Commitment details
            Companies must address gender related worker and labour rights only for own operations - Encouraged
            0.5/4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      46/90
      • Commitment Strength
        12/31
        • Commodity-specific deforestation financing policy
          5.6/9.6
          • Commitment details
            Protects priority forests
            4/8
            Commitment details
            Protects priority forests
            4/8
            " We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ...  Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept? Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)? Are the production chains of timber traders and companies involved in the wood product chain (including pulp, paper, veneer, and furniture producers) certified according to the FSC Chain of Custody criteria? Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests?"   
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?Are the production chains of timber traders and companies involved in the wood product chain (including pulp, paper, veneer, and furniture producers) certified according to the FSC Chain of Custody criteria?Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests?" 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?Are the production chains of timber traders and companies involved in the wood product chain (including pulp, paper, veneer, and furniture producers) certified according to the FSC Chain of Custody criteria?Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests?" 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?Are the production chains of timber traders and companies involved in the wood product chain (including pulp, paper, veneer, and furniture producers) certified according to the FSC Chain of Custody criteria?Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests?" 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Applies to company's throughout the wood supply chain: "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?Are the production chains of timber traders and companies involved in the wood product chain (including pulp, paper, veneer, and furniture producers) certified according to the FSC Chain of Custody criteria?Do forest construction companies identify and protect High Conservation Value (HCV) areas within the forests they manage and identify and protect High Carbon Stock (HCS) forests?"
        • Companies must be legally operated
          2.6/4.6
          • Commitment details
            Companies own operations - Encouraged
            1/3
            Commitment details
            Companies own operations - Encouraged
            1/3
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "all employees are held responsible and accountable to Aegon for conducting business in accordance with this Code of Conduct as well as for complying with laws and regulations, internal policies and company rules."
        • Companies must monitor operations
          3.6/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): FSC
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Applies throughout supply chain: "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to biodiversity: ... Do companies act to prevent deforestation (e.g. by planting new forests when clearing existing forests) and protect natural forests (including old growth forests, bogs, mangroves, peatlands and rainforests) as described in the High Conservation Value (HCV) concept?Do companies throughout the wood supply chain work to prevent the usage of illegally cut and traded timber and only use timber in their operations that has been certified in accordance with the criteria of the Forest Stewardship Council (FSC)?"
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        17/28
        • Company must ensure Free, Prior and Informed Consent
          5.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant."  
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We have identified the below criteria for consideration which can be included when making investments and related decisions with respect to human rights:...When considering this, Aegon NL will look to assess whether companies have an appropriate policy on the protection and consultation of local and indigenous communities and look to obtain Free, Prior and Informed Consent where relevant." 
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Companies are also expected to provide a robust whistleblowing mechanism which allows employees and third parties to report on violations of workplace rules on health, safety and employee welfare"
        • Company must respect labour rights
          3.6/5.6
          • Commitment details
            Companies own operations - Required
            2/4
            Commitment details
            Companies own operations - Required
            2/4
            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes

            Type of policy: Discrimination; Forced Labour; Child Labour; Freedom of Association
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Labor rights include freedom of association, effective recognition of the right to collective bargaining, the elimination of all forms of discrimination in respect to employment, the elimination of all forms of forced labor, and the effective abolition of child labor. Aegon expects companies to strive to provide good employment conditions for their workers by protecting labor rights and promoting a productive, safe and healthy workplace. For the analysis of companies and their labor rights policy and practices, we find the following elements important: living wage, working hours, safe and healthy working conditions, equal treatment and non-discrimination, freedom of association as well as abolishing forced labor and child labor."
        • Company must address gender equality issues
          2.1/5.6
          • Commitment details
            Companies must address gender related worker and labour rights only for own operations - Encouraged
            0.5/4
            Commitment details
            Companies must address gender related worker and labour rights only for own operations - Encouraged
            0.5/4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Good employment conditions, and the promotion of employee satisfaction is important to promote a safe and healthy workplace. We believe that everyone is entitled to equal opportunities, the freedom of association and the protection against any form of discrimination. We find child and forced labor unacceptable and employees have a right to reasonable working hours and fair wages without any gender distinction"
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        18/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          "We engage with companies identified as breaching or at risk of breaching our minimum standards according to our screening process. If this does not yield in the desired results, we intensify our efforts. This can be achieved in various ways, including increasing the frequency of communication, widening the scope of our engagement efforts to include multiple company representatives, or by teaming up with other investors in a collaborative engagement effort. In instances where we are a shareholder, we may also exercise ownership voting rights in those instances to vote against management or file a shareholder resolution.In general, we try to engage with a company for at least three years before considering excluding a company from our investments."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          Policy is reviewed and updated
          Timeline for review unclear or review conducted less frequently than annually
          1/2
          "As part of the process to ensure that our Responsible Investing Policy continues to be in line with our values, we re-examined our exclusion rules and Exclusion List in late 2020. An additional 326 companies were added to our Exclusion List as a result of this review, with changes and updates coming into effect on 1 January 2021."
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "We engage with companies identified as breaching or at risk of breaching our minimum standards according to our screening process. If this does not yield in the desired results, we intensify our efforts. This can be achieved in various ways, including increasing the frequency of communication, widening the scope of our engagement efforts to include multiple company representatives, or by teaming up with other investors in a collaborative engagement effort. In instances where we are a shareholder, we may also exercise ownership voting rights in those instances to vote against management or file a shareholder resolution.In general, we try to engage with a company for at least three years before considering excluding a company from our investments"
        • Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies with a time-bound threat of divestment
          5/5
          "We stepped up our engagement activities in 2020, increasing the number of companies we engaged with from 564 in 2019 to 575 in 2020. More detailed reporting on this aspect of our responsible investment program will be provided in our forthcoming Active Ownership Report."
        • Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          Reporting on implementation of the policy
          Reports number/proportion of portfolio companies compliant with the deforestation policy or their own timebound plans
          2/6
          "We stepped up our engagement activities in 2020, increasing the number of companies we engaged with from 564 in 2019 to 575 in 2020. In this section, we provide a brief overview of our engagement and voting activities. More detailed reporting on this aspect of our responsible investment program will be provided in our forthcoming Active Ownership Report...Environmental 24%...Social 20%...Governance 49%...General disclosure 7%". 
        • Ethical product in portfolio
          Yes
          Ethical product in portfolio
          Yes
          0/0
          "Sustainable timber- Aegon Asset Management continues to maintain a timber equity investment with market value of approximately EUR 30.5m at the end of 2015. The investment is parceled among partial interests in three timber funds that include Real Estate Alternative Portfolio (REAP) investments in private equity funds along with direct equity investments outside of REAP in timberland. The total EOY 2015 timber acreage is approximately 1,293,000 acres. The most recent investment was made in 2010 and currently we do not envisage making new investments. As of EOY 2015, 98.5% of the timber holdings associated with the invested capital involved timber holdings that were independently certified as ‘sustainable’ by the Forestry Stewardship Council (FSC), Sustainable Forestry Initiative (SFI) or other"
  • Commitment strength
    6/31
    Avg. score
  • Reporting and Implementation
    5/31
    Avg. score
  • Social considerations
    16/28
    Avg. score

Profile

Aegon are an insurance company based in the Netherlands serving private, commercial and institutional customers. Their services include life insurance, pensions, and asset management. As of 2017, Aegon manage a combined value of 840 billion EUR of investments, including more than 325 billion EUR in assets under management. They are one of the top bondholders for Forest 500 companies, with bonds across a broad range of forest risk sectors.

HQ
HQ 
Netherlands
Financial institution type
Financial institution type 
Insurance Company

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.