Aegon Nederland

Aegon Nederland's reported carbon emissions

Aegon Nederland's commitment to climate action is underpinned by a suite of emissions data and reduction targets. For 2025, the company reported total greenhouse gas emissions of approximately 22.9 million kg CO2e. This figure comprises Scope 1 emissions of about 2.4 million kg CO2e, Scope 2 emissions of approximately 4.9 million kg CO2e (location-based), and Scope 3 emissions reaching about 15.6 million kg CO2e. The Scope 3 emissions are largely driven by purchased goods and services, estimated at roughly 173.9 million kg CO2e, alongside business travel (8.3 million kg CO2e) and employee commutes (1.6 million kg CO2e). In 2024, Aegon Nederland's total emissions were approximately 23.4 million kg CO2e. This included Scope 1 emissions of about 1.5 million kg CO2e, Scope 2 emissions of approximately 6.2 million kg CO2e (location-based), and Scope 3 emissions totalling roughly 15.7 million kg CO2e, with purchased goods and services accounting for the largest portion at approximately 158.5 million kg CO2e. Business travel and employee commute contributed 8.7 million kg CO2e and 2.4 million kg CO2e, respectively. For 2023, the company reported total emissions of approximately 3.0 billion kg CO2e, with Scope 1 emissions at about 1.9 million kg CO2e and Scope 2 emissions at approximately 11.3 million kg CO2e (location-based). Scope 3 data for this year is not fully disclosed. In 2022, total Scope 1 and 2 emissions amounted to approximately 14.4 million kg CO2e, with Scope 1 at 3.4 million kg CO2e and Scope 2 at 11.1 million kg CO2e. Scope 3 emissions, including business travel of 6.4 million kg CO2e, were also reported for 2022. In 2021, Scope 2 emissions were approximately 16.4 million kg CO2e (location-based). Historic data for 2019 shows Scope 1 and 2 emissions of approximately 30.9 million kg CO2e. Aegon Nederland is actively pursuing emissions reductions. A significant near-term target, set against a 2019 baseline, aims for a 25% reduction in the carbon footprint of its operational activities (Scope 1 and 2) by 2025. The company reported achieving a 77% reduction in its operational carbon footprint by the end of 2025, surpassing its target. This reduction is attributed to energy efficiency measures, renewable energy sourcing, and a shift to more energy-efficient properties. Furthermore, Aegon UK has committed to achieving net-zero financed emissions for its default pension funds by 2050, with an interim target of a 50% reduction by 2030, relative to a 2020 baseline. Aegon's broader climate commitments align with the Paris Agreement, aiming to limit global warming to 1.5°C. The company's environmental policy is implemented across its business units, excluding properties below 140 square meters, and is monitored through regular carbon emissions reporting. Aegon Nederland's emissions data and reduction targets are cascaded from its ultimate parent, Aegon Ltd.