Asset manager Legal and General identifies companies not meeting their own climate standards

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Asset manager Legal and General identifies companies not meeting thir own climate standards

The list includes several companies with Irish operations, including US finance and insurance multinational AIG, US food conglomerate Sysco, and US insurance firm MetLife.

LGIM identified 299 companies that qualify for voting sanctions by LGIM at their annual general meetings for not meeting their own minimum standards to address climate risk. As a result, LGIM has said it will apply voting sanctions against 43 of these companies, including those companies on the 14-strong investment exclusion list.

LGIM’s chief executive officer , Michelle Scrimgeour, said that the investment company is signaling clearly to investee companies the actions they are expected to take.

 

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