27 We need to be a sustainable partner – planning and managing our business so we’re commercially resilient against the risks of climate change We have a strong environmental, social, and governance foundation in place that underpins our commitment to doing business in a responsible manner and to facilitate the transition to a climate-neutral economy. Our efforts to address climate change are overseen by our Sustainability Board, reporting into the Aegon Global Sustainability Board. The UK Sustainability Board is tasked with evaluating new climate developments affecting our business activities and recommending actions as necessary. We strive for consistent disclosure when it comes to climate change and sustainability. We’ve been supportive of the recommendations of the Task Force on Climate related Financial Disclosures (TCFD) since 2017. • Our UK Board is accountable for all aspects of corporate sustainability, ensuring the long-term resilience of the UK business to climate change. • Our Board is also responsible for developing the strategy, which has sustainability at its heart – underpinning two of our five strategic pillars. • Sustainable business practices are firmly established in our operations, with formal policies in place covering our environmental impact, our approach to responsible investments and investment exclusions. • Our inaugural TCFD report sets out our approach to managing the risks and opportunities relating to climate change in more detail.
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