Category: Civil society
Partnership will inform the engagement strategy of LGIM’s US arm, and comes as IIGCC group calls for Say on Climate votes Partnership will inform the engagement strategy of LGIM’s US arm, and comes as IIGCC group calls for Say on Climate… Partnership will inform the engagement strategy of LGIM’s US arm, and comes as IIGCC group calls for Say on Climate votes
The US arm of Legal & General Investment Management (LGIMA) has teamed up with the Environmental Defense Fund (EDF) to “define science based, sector-specific climate leadership expectations”.
In an EDF blog yesterday, the influential environmental body revealed that the expectations will underpin LGIMA’s corporate engagement efforts in a bid to push companies to produce “tangible results” on climate. Initially, the partnership will focus on Oil & Gas and transportation firms.
LGIMA and EDF also unveiled longer-term plans to “explore the creation of Net Zero-aligned funds [to] deliver strong returns at competitive costs while also driving down emissions”.
LGIM, which manages assets of around $1.7tn, supported 100% of “climate-critical resolutions” tabled during the 2020 AGM season, according to EDF’s blog.
Last month it revealed