In its eighth annual corporate governance report, entitled Active Ownership, Legal & General Investment Management (LGIM) has revealed 2018 was a record year for client demand for its ESG capabilities, votes against company directors and supporting shareholder resolutions on climate change.
This comes as ESG and sustainable investing has become increasingly prominent within the industry as a whole, with more fund and initiative launches in the space throughout 2018 than ever before. Sacha Sadan, director of corporate governance at LGIM, said: "Last year was a turning point for those who care about environmental, social and governance issues. "There was, I believe, a shift in how asset managers approach ESG considerations, which the industry is now taking more seriously. Following high-profile failures in corporate stewardship - such as at Tesla, Carillion, GE and BHS - t...
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