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Legal & General Investment Management Limited

We are LGIM, the global asset management business of Legal & General Group. Our purpose is to create a better future through responsible investing. We strive to achieve this through a strong sense of partnership with our clients, working together to achieve positive long-term outcomes. We draw on industry-leading expertise to innovate constantly across public and private assets, index and active strategies. And we are a responsible investor, rising to the challenges of a rapidly changing world.

On behalf of savers, retirees and institutions worldwide, we manage £1.3 trillion in assets.* However, we recognise that our significant scale and stature, and prospects for growth, are only possible courtesy of highly satisfied clients.

Being part of Legal & General grants us a unique strength. Everything we do is informed by our parent group’s vision of Inclusive Capitalism, which seeks to share the benefits of economic growth among as many people as possible.

At the same time, we are a unified business that is modern, dynamic and restlessly innovative on behalf of our clients. Our investment strategies cover a broad array of asset classes and styles, including equities, bonds, property and alternatives, as well as multi-asset funds.

LGIM is at the forefront of global index fund management. We are also leading developments in investment solutions for defined benefit and defined contribution pension schemes.

We are truly international, present where our clients need us – from Hong Kong, to major European financial hubs, to Chicago. Our teams around the world are highly dedicated, professional and collaborative and we draw strength from our diversity of talent.

Our US business, Legal & General Investment Management America, is a registered investment advisor, specialising in fixed income, liability-driven investment solutions and index capabilities for the US institutional market.

We are clear on what we stand for and our commitment to inclusivity anchors our behaviours. Driven by our executive team, diversity and inclusion are embedded in LGIM’s culture, from the way we recruit, develop and connect with our employees, to our commitment to responsible investing.

LGIM’s purpose is to create a better future through responsible investing.

We strive to achieve this through a strong sense of partnership with our clients, working together to achieve positive long-term outcomes.

We draw on industry-leading expertise to innovate constantly across public and private assets, index and active strategies. And we are a responsible investor, rising to the challenges of a rapidly changing world. On behalf of savers, retirees and institutions worldwide, we manage £1.3 trillion* in assets.

Our core beliefs are:

We have a responsibility to many stakeholders.
When we allocate capital, we conduct extensive research into potential environmental and societal outcomes.

Environmental, social and governance (ESG) factors are financially material
Responsible investing is essential to mitigate risks, unearth investment opportunities and strengthen long-term returns for clients.

We have a responsibility to effect positive change in the companies and assets
in which we invest, and for society as a whole
To us, this means active ownership and engagement through stewardship and crossasset research.

Active Ownership
For more than four decades, LGIM has engaged globally with companies, industry peers and policymakers to tackle systemic issues.

In doing so, we take a consistent approach across our entire book. Our awardwinning Investment Stewardship team engages with companies, alongside LGIM’s investment teams, to address company-specific and market-wide risks and opportunities. The team exercises our voting rights globally and is independent, reporting directly into LGIM’s CEO

Responsible Investing
We offer a wide range of responsible investment strategies, across different asset classes and fund management styles. Our approach to responsible investing stems from, and helps inform, Legal & General Group’s vision for inclusive capitalism, which seeks to share the benefits of economic growth with as many people as possible.

And our framework for responsible investing is based on stewardship with impact and active research across asset classes. These activities enable us to deliver responsible investment solutions to our clients and conduct engagement with the aim of driving positive change.

Climate Action
LGIM is restlessly innovative in tackling the climate crisis, from modelling the energy transition to conducting targeted engagements. In recognition of its potentially catastrophic outcomes for the world – and our clients’ assets – we are spearheading efforts to limit carbon emissions to net zero by 2050.

Under our Climate Impact Pledge, we commit to helping companies to reach this objective. When companies fail to demonstrate adequate climate commitments, we take action by exercising our voting rights across our entire book and through investment decisions within some of our funds.

Engagement with consequences
Investment stewardship means the responsible oversight of capital that we allocate on behalf of our clients, in order to generate sustainable benefits for the economy, the environment and society.

Our Investment Stewardship team exercises voting rights globally, holding companies to account on the issues that matter most to our clients, to address risks and opportunities – both company-specific and market-wide. These range from climate change to board independence and diversity.12

Supporting the transition to net zero
Fighting climate change requires global greenhouse gas emissions to reach net zero. As an asset manager, we are committed to playing our part in this critical mission. LGIM has committed to work in partnership with our clients to reach net-zero greenhouse gas emissions by 2050 or sooner across all assets under management.

In addition, drawing on industry best practice, we have set out LGIM’s key requirements for a fund or investment portfolio to be considered net zero-aligned. Our overarching ambition is to help decarbonise the real economy. To this end, we have also committed to strengthening our standards as the progress made by companies and governments worldwide accelerates.

*LGIM internal data as at 30 June 2022. The AUM disclosed aggregates the assets managed by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. The AUM includes the value of securities and derivatives positions.

(UK)

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