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Social

The fair treatment of people matters.

We believe the way companies treat their employees and suppliers affects their long-term success.

We encourage the companies we invest in to work to reduce income inequality, and are seeing positive signs following our engagement, such as:

  • UK housebuilder Persimmon introducing a living wage for staff
  • A third of the UK’s largest 100 companies reducing their executives’ pension contributions in line with their workforce

Inclusive capitalism must share the benefits of prosperity. That is why, when we vote on executives’ pay packages, we will oppose increases that are not aligned with what is offered to all workers.

We also believe that a well-run company should seek to promote a diverse workplace, where employees are valued and rewarded appropriately, and we expect all companies we invest in to have at least one woman on their board.

Going one step further, some of our funds in the Future World range invest more in companies with good business ethics, which respect the rights of their workforce and suppliers.

Legal & General’s policy on inclusion means we recruit people on the basis of merit regardless of sexuality, gender preference, physical ability, age, ethnic or social background. We are a Living Wage employer, and in 2018, we appointed a Head of Inclusion & Culture to help us promote diversity and inclusion in our business.

Read more about the work we do on social inclusion