Objectives are set annually and reviewed on a biannual basis. Additionally, process against the objectives are reviewed at least on a monthly basis.
We have three overarching goals that frame LGIM's 5 year responsible investment and corporate governance commitment.
- Transitioning to a low carbon economy
- Building a stronger society through financial solutions
- Creating new investments for a future economy
We then break these goals down into more detailed objectives, which determine the ESG issues we will target over the coming 5 years. We select these issues based on how material we expect them to be for our investments and the market at large.
As a result, of the long-term objectives, annual goals are determined.
In 2017 we committed publicly: to integrate sustainable/long-term themes into our investment process; to formally invite external stakeholders to review and strengthen our Corporate Governance and Sustainability policies; to engage with 84 companies as part of the Climate Impact Pledge; to engage with governments and companies to promote disclosure on income ratios; to engage with US companies on gender diversity; to expand the Future Fund range to help clients to decarbonise their investments.
Most of our long-term and short-term ESG objectives are publicly disclosed on the Legal & General Group website: https://www.legalandgeneralgroup.com/csr/our-focus-areas/transitioning-to-a-low-carbon-economy/