Social

Shining a spotlight on social issues

Social is about human rights. It relates to how a company treats its employees, as well as its policies and actions that impact society.

We believe more diverse and inclusive organisations tend to make better strategic decisions and exhibit lower investment risk.

In 2023, LGIM:

• Engaged on 354* social themes, 14% of overall ESG theme engagement.
• Completed an expanded engagement campaign on ethnic diversity¹ and continued to engage with FTSE 100 and S&P 500 companies on the gender balance of their executive leadership teams.
• Started a focused engagement campaign to get 15 global food retailers to reduce income inequality within their operations and supply chains. LGIM can vote against the re-election of the chair, the chair/CEO or president of companies that fail to meet its minimum expectations by the time of their 2025 Annual General Meeting (AGM).
• Published its first Human Rights Policy.
• Voted against three companies due to a lack of board-level ethnic diversity: Caesars Entertainment², Dish Network Corp² and The UNITE Group²

*Note: an engagement can cover more than a single topic

The COVID-19 pandemic has disrupted our lives in numerous and profound ways. In 2020 we took several actions:

Legal & General’s own policy on inclusion means we recruit people based on merit regardless of sexuality, gender preference, physical ability, age, ethnic or social background.