Our 2022 Social Impact and Climate Reports, published today, describe our progress towards our climate-related goals and the impact we’re having on the communities in which we work and invest. Our operational carbon footprint has reduced by 3% and our median gender pay gap has narrowed for the seventh year running.
15 Mar 2023
Sustainability is fundamental to everything we do because our Inclusive Capitalism purpose and business model is based on the principle that profit and purpose are intrinsically linked. We invest in projects which do social and environmental good, while providing a strong return and great service for our shareholders, customers, and clients.
Our approach to running our business in a sustainable and responsible way includes four focus areas: long-term financial wellbeing, better communities in which to live and work, engaging customers and employees with our impact, and investing in game-changing environmental solutions. These are supported by our commitment to run our business in a responsible way. We cover the first three focus areas in our Social Impact Report, with the final one being covered by our Climate Report.
Addressing climate change is one of our six strategic growth drivers and a key element of our vision of inclusive capitalism.
The annual Climate Report sets out our climate commitments, the interim milestones, and our progress against these. This year’s report also sets out our externally validated science-based targets, including the metrics we use to track the work we are doing towards them.
Nilufer von Bismarck, Non-Executive Director with a focus on climate: “Addressing climate change depends on both individual and collective action, and this runs through the business at every level.”
Sir Nigel Wilson, CEO of Legal & General: “As well as capital, our business is rich in people: in experience, knowledge and expertise which is brought to bear every day on the big issues that face society.”
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
*as at HY 2023