Aegon UK signs Finance for Biodiversity Pledge

Written by Adam Cadle

02/01/2024

Aegon UK has announced its commitment to biodiversity protection and restoration by signing the Finance for Biodiversity Pledge.

This global initiative brings together financial institutions from 25 countries that are committed and contribute through their investments and finance activities to reversing nature loss in 2030.

Aegon UK’s decision to sign the Pledge aligns with a growing trend of investors prioritising environmental considerations. Research earlier this year conducted by Aegon UK highlighted that over half (51%) of Aegon UK customers believe impacts on nature, including biodiversity, to be an important consideration when investing in a company.

The Finance for Biodiversity Pledge commits signatories to undertake a number of actions, including:

• Collaborating and sharing knowledge;
• Engaging with companies;
• Assessing impact;
• Setting targets;
• Reporting publicly before 2025.

Hilkka Komulainen, head of responsible investing at Aegon UK commented: “We are proud to sign the Finance for Biodiversity Pledge and take a stand for the protection of our planet. Our customers are increasingly aware of the environmental impact their investments can have, and we believe that financial institutions have a responsibility to take action to address this critical issue."

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