As a listed company, we are frequently rated by ESG rating providers and proactively participate in a number of indices. This helps current and potential investors to understand our performance on a range of ESG issues. We’re also committed to working with a number of organisations who share our belief in responsible business practice. Working with them gives us access to expert knowledge and the opportunity for our own experts to share their best practice with those in other organisations.
MSCI ESG Ratings
In 2023, Legal & General received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.
Sustainalytics’ ESG Ratings measure how well companies proactively manage the ESG issues that are the most material to their business. As of October 2022, Legal & General received an ESG Risk Rating of 17 and was assessed to be low risk. This placed us within the 10th percentile for the insurance industry.
ISS ESG Corporate Ratings on companies provide investors with in-depth insight to effectively incorporate sustainability into their investment decisions. As of January 2023, Legal & General received a C+ rating, achieving Prime status.
S&P Global ESG Scores are informed by a combination of verified company disclosures, media and stakeholder analysis, and in-depth company engagement via the S&P Global Corporate Sustainability Assessment (CSA). As of year-end 2022, Legal & General scored within the 90th percentile for the global insurance industry achieving inclusion in the 2023 S&P Global Sustainability Yearbook.
FTSE4Good Index Series
The FTSE4Good Index Series is designed to measure the performance of FTSE companies demonstrating strong ESG practices. For 2021, our overall FTSE4Good ESG score was 4.3 enabling us to remain a constituent of the FTSE4Good Index Series.
United Nations Global Compact
The UN Global Compact is a voluntary United Nations initiative to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The Global Compact supports companies to do business responsibly by aligning their strategies and operations with the Ten Principles on human rights, labour, environment and anti-corruption.
Good Business Charter
The Good Business Charter is an accreditation which organisations in the UK can sign up to in recognition of responsible business practices. It measures behaviour over 10 components: real living wage, fairer hours and contracts, employee wellbeing, employee representation, diversity and inclusion, environmental responsibility, paying fair tax, commitment to customers, ethical sourcing, and prompt payment. An organisation must meet all 10 commitments to receive the GBC accreditation.
Living Wage Foundation
We are a Real Living Wage Employer (and a member of the Living Wage Foundation), committed to paying our people a fair and respectable wage.
Business in the Community (BITC)
BITC and its network of business members aim to create a fair and sustainable world in which to live and work. Formed in 1982, BITC is the largest and longest-established membership organisation dedicated to responsible business.