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13th June 2018
Legal & General reveals corporate leaders and laggards on climate change and commits to vote against the latter category
Legal & General Investment Management(LGIM) has revealed the corporate leaders and laggards on climate change, following the first engagement period under its Climate Impact Pledge.
LGIM introduced the Climate Impact Pledge in November 2016, focused on accelerating the progress companies are making in addressing climate change and transitioning to a low-carbon economy. LGIM has initially focused on engaging with 84 of the world’s largest companies across different sectors and geographies identified as pivotal in meeting the 2°C target set in the Paris Agreement.
These companies have since been assessed, scored and ranked against more than 50 indicators, including whether they have a corporate statement that formally recognises the impact of climate change, whether they are fully transparent on their carbon contribution and whether the board composition is diverse and robust enough to drive innovation and change.
As part of the pledge, LGIM committed to vote against companies that have shown persistent inaction to address climate risk and divest its Future World range from these companies.
Legal & General Trends(296 articles)