ageas SA/NV
Industry Group: Insurance
Country/Region: Belgium
Identifier: BRU:AGS
Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis’ capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis’ share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw their deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government. BNP Paribas and was asked to spin off its insurance and asset management divisions.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Insurance 25 out of 299
Universe
Global Universe 1785 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| ageas SA/NV |
15.1
Low
|
25 out of 299 |
| Gjensidige Forsikring ASA |
17.2
Low
|
46 out of 299 |
| BB Seguridade Participações SA |
17.5
Low
|
49 out of 299 |
| Helvetia Holding AG |
22.5
Medium
|
124 out of 299 |
| Assurant, Inc. |
23.5
Medium
|
139 out of 299 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for ageas SA/NV
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted ageas SA/NV's ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
