Board of Directors

The Board has increased its focus on sustainability-related topics including the company’s investment strategy and its products and services. The Board is supported by four sub-committees:

1. Nomination and Corporate Governance Committee: makes recommendations on environmental and societal issues including relevant legislation.

2. Remuneration Committee: makes proposals on remuneration policy; the sustainability KPI for senior management is 7% of variable remuneration for 2020.

3. The Risk & Capital Committee: defines and monitors risks including social and environmental.

4. The Audit Committee: approves the Annual Financial Statements including the non-financial information disclosures.

There are also dedicated committees that focus on the investment portfolio.

Executive & Management Committees

Ageas’ sustainability strategy is a core element of the Group strategy. The Executive Committee is responsible for its implementation guided by the CEO’s office. The Management Committee ensures the sustainability action plans are activated across the Group.

Sustainability departments

Reporting to the CEO, the Group Director Sustainability leads or coordinates all sustainability projects. Several cross-functional ESG Task Forces exist as for instance, the one dedicated to assessing and implementing the TCFD guidelines. The Corporate Sustainability team is supported by a sustainability network of “ESG ambassadors”. They represent our operating companies in Europe and Asia and subsidiaries AG Real Estate and Interparking, as well as key functions at the Corporate level such as Risk, HR and Communications. This ensures a coordinated approach and brings the necessary expertise for consistent implementation across the company.