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...
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