LGIM ditches AIG and three others over climate, votes against 130 companies

The manager will vote against board chairs in 2022

Legal & General Investment Management (LGIM) has dropped US insurer AIG, the state-owned Industrial and Commercial Bank of China (ICBC), US utility PPL Corporation and China Mengniu Dairy from selected funds over climate concerns.

According to the $1.8tn asset manager, the four co…

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