24 March 2021
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L&G added that its climate targets would for the first time form part of its executive remuneration 'scorecard'
Legal & General has pledged to halve the carbon intensity of its entire £95bn proprietary investment portfolio by the end of the decade and link its climate targets to boardroom bonuses, as the pensions, insurance, property, and asset management giant released its climate progress report yesterday.
The FTSE 100 group is targeting a net zero portfolio of both managed and owned assets by 2050, and previously announced a goal in December to halve the portfolio of its £85bn retirement asset portfolio...
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