By complying with the HRC’s controversial demands, Aegon increases the risk of dividing employees, alienating customers and harming shareholders. Aegon uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company has signed an open letter supporting the Equality Act and covers the cost of "medically necessary transition-related care" for its employees and their children. Aegon is a signatory of the Institutional Limited Partners Association’s Diversity in Action Initiative, committing itself to specific actions that advance DEI within the governance and policies of the organization and the private equity industry more broadly. However, the company does not discriminate against charitable organizations based on views or beliefs and protects its employees against viewpoint discrimination. For these reasons, Aegon receives a High Risk rating.