Signatory to the UK Stewardship Code
We're delighted to announce that we've been accepted by the Financial Reporting Council (FRC) as a Signatory to the UK Stewardship Code.
The Code is a set of voluntary principles that aims to improve the quality of stewardship practices by asset owners, managers and service providers. To become a Signatory, organisations must clearly demonstrate that they have exercised effective stewardship over the previous 12 months through good governance and active engagement which has helped to generate long-term positive impacts for the economy, the environment, and/or society.
This step further marks our commitment to be one of the top 25% of responsible businesses in the UK by 2025. And we're committed to playing our part in strengthening stewardship practices across the industry.
Listen to our CEO, Mike Holliday -Williams, Chief Investment Officer Tim Orton and Head of Responsible Investment Hilkka Komulainen, share their reactions to this great news.
00:03 - 00:11 We’re delighted to receive this independent recognition as a reflection of our ongoing work and progress in the area of Responsible Investment.
00:12 – 00:20 As a signatory to the Code, this demonstrates our continuous commitment to Responsible Investment across our business and to conforming to the very highest stewardship standards.
00:21 – 00:32 This step further marks our commitment to be in the top 25% of responsible businesses in the UK by 2025. And we’re committed to playing our part in strengthening stewardship practices across the industry.
This report is an important milestone in sharing our progress in 2022 and our direction of travel. We look forward to engaging more closely with our customers, regulators and other stakeholders as we enter the next stage of our stewardship journey as a Signatory to the Code.
Mike Holliday-Williams, CEO
Although 2022 was a year of significant acceleration, we recognise that there is no room for complacency. We hope this report makes clear how we are determined to become ever-better stewards. We look forward to detailing our progress in the 2023 report.
Tim Orton, Chief Investment Officer
I am delighted to be publishing our first Responsible Investment and Stewardship Report showcasing our efforts to act as a responsible steward of customer assets. As a long-term savings provider our business model is one of long-term investing. With over 4 million customers with an average age of 45, we will be investing on behalf of our customers for decades to come. Continuing to evolve and develop our approach to stewardship and systemic risk across our business including our responsible investment activity is an essential part of our fiduciary duty.
Hilkka Komulainen, Head of Responsible Investment
Aegon embraces the responsibility it has as a responsible owner across its investments. Our goal to be in the top 25% of responsible business in the UK by 2025 is a good example of this, with our plan for our default funds to reach net zero by 2050. We are committed to driving positive outcomes for customers using effective stewardship. This includes meaningful and effective interventions in direct and collective engagement activities, and thoughtfully exercising our voice on ESG issues where we feel it will have material impact.
Samantha Chew, Stewardship Lead
Listen to our CEO, @Mike Holliday -Williams, Chief Investment Officer @Tim Orton and Head of Responsible Investment @Hilkka Komulainen, share their reactions to this great news.