Legal & General Investment Management (LGIM) has committed to "ratchet up" the stringency of its standards and sanctions regarding sustainability in its annual Climate Impact Pledge.
Climate ratings for over 1,000 companies in key sectors will be made public under a "traffic light system" on LGIM's website, which marks more than a ten-fold increase in the number of firms covered by the investment house. Those selected are responsible for over 60% of the greenhouse gas emissions from listed firms. ESG ratings: Present problems and future solutions Companies that are identified as falling short of LGIM's minimum standards, which includes lacking "comprehensive disclosure" of emissions or key sustainability certifications, will be subject to both votes against dec...
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