Legal General IM ditches AIG and keeps Metlife on climate change exclusion list

Mark Battersby
clock • 4 min read

One of the world's largest asset managers Legal & General Investment Management (LGIM) is to ditch its holdings in four companies, including AIG and Industrial and Commercial Bank of China, due to "insufficient action to address the risks posed by climate change". LGIM's latest annual Climate Impact Pledge report revealed today (15 June) that it will divest its holdings in Industrial and Commercial Bank of China, AIG, PPL Corporation and China Mengniu Dairy "for unsatisfactory responses to engagement and/or breaches of ‘red lines' around coal involvement, carbon disclosures or deforestat...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?