Aegon, in 2011, began to utilize an integrated corporate reporting approach that incorporates the medium to long term issues, stakeholder feedback, and the relation between material financial and nonfinancial data, to present the company performance.
By the year 2013, the reduction in the page count of its annual corporate reporting documents, helped the stakeholders to track the company’s course of actions. It started to transform from only a product manufacturer to a customer-oriented company. However, this report was not the part of company’s regulatory filing yet.
The Diclosure Committee’s became from the violation of regulations assuaged as it works in an area where there was not much regulation or legislation, thus it also felt relief from taking on extra liability by reporting on non-financial information that was difficult to verify by a third-party.
Would there be any significant outcomes for Aegon by publishing its integrated report as the official regulatory document? What are the ways to develop a more interactive and integrated reporting website that was aligned to the business strategy? How could the company increase the engagement with portfolio companies and include the integration of ESG factors in its investment? What would be the best course of actions to proceed further?
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