Governance and decision-making

 

Each of AEGON's country and business units has its own sustainability manager, who is responsible for:

 

  • Implementing all sustainability policies and initiatives
  • Ensuring compliance with AEGON's Code of Conduct
  • Developing local sustainability policies and monitoring local activities
  • Collating all relevant data on sustainability issues
  • Reporting all progress to AEGON's Group Sustainability team, based at the company's offices in The Hague, the Netherlands.

 

In many country or business units, individual managers oversee sustainability activities alongside other professional responsibilities. These activities are therefore reflected in the overall assessment of the sustainability manager's job performance.  

Click here to read about AEGON's approach to remuneration for members of its Executive Board and senior management.

 

AEGON's Group Sustainability team is part of the company's Group Corporate Communications department. Gregory W. Tucker, the head of Group Corporate Communications, oversees all sustainability initiatives. In matters relating to sustainability, Mr. Tucker reports directly to Marco Keim, the member of AEGON's Management Board responsible for sustainability issues. Questions of strategy and policy are subject to approval by AEGON's Executive and Management Boards. The company's Supervisory Board also plays a role in helping monitor and develop overall strategy.

Click here to find out more about AEGON's Corporate Governance.

 

During 2009, members of AEGON's Executive and Management Boards discussed several sustainability initiatives and policies, including the company's:

  • Approach to corporate philanthropy and donations
  • Overall sustainability strategy, particularly with regard to the strengths and weaknesses of current performance
  • Objectives for the year and the annual Sustainability Report for 2009.

 

In addition, the Supervisory Board also discussed AEGON's sustainability strategy with regard to current performance, objectives and policies, as well as initiatives already underway. As part of these discussions, Mr. Keim made a presentation to the Board, outlining AEGON's overall strategy in this area.

 

In its approach to sustainability, AEGON places importance on local knowledge and local decision-making. Consequently, country and business units are encouraged to focus on issues specific to their local situations.