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Event Q&A
Why You Can't Get to Net Zero Without Your Suppliers
Aegon UK’s Resilience and Supplier Oversight Director reflects on the complex challenge of assessing ESG risks across the supply chain – from practical starting points to geopolitical threats – and makes a blunt case for supplier engagement as the only viable path to real emissions reduction.
Aug 13, 2025
Kurt Neilson, Supplier Oversight Director, Aegon
Tags:
ESG and Climate Risk
Vendor and Third Party Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Aegon UK selected 50 high-impact suppliers to focus ESG assessments
- Those suppliers represent 88% of the firm's total spend
- Scope 3 emissions make up 91% of Aegon UK's footprint and a large proportion relate to the supply chain
- Supplier engagement is essential for meeting net zero goals
- Geopolitical awareness is integrated into vendor risk reviews
- Polarization of ESG priorities between the US and EU is increasing
- Our experience is that AI is helpful for report analysis but has so far been limited in climate risk prediction
- Firm prioritizes ESG areas most relevant to its operations
- Client ESG demands are reshaping third-party expectations
- ESG is viewed as a competitive differentiator in supplier selection
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