Aegon publishes: “Earlier this month, I announced Aegon UK’s commitment to achieving net zero carbon emissions across our pension default fund strategies by 2050.
As an early step towards achieving this target, I’m delighted to announce that Aegon UK has partnered with HSBC Global Asset Management (HSBC) to embed Environmental, Social and Governance (ESG) exposures across our workplace default range for ARC. This move leverages HSBC’s impressive heritage in sustainable investing.
From January, the Aegon Workplace Default fund will start to invest in the newly launched HSBC Developed World Sustainable Equity Index fund, targeting 30% exposure by the middle of 2021. Those nearing retirement will have 15% invested in the ESG component due to the lower equity (shares) weightings of the fund at that stage.”
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