Investment manager Legal & General Investment Management increases pressure on companies over climate change by naming those it has disinvested from.
Companies considered to be "laggards" in their efforts to address climate change have been named and shamed by Legal & General Investment Management (LGIM). The investment manager said it had divested investments from a list of companies including China Construction Bank, Rosneft Oil, Japan Post Holdings and auto company Subaru. Others include Occidental Petroleum, Dominion Energy, Loblam and Sysco Corporation. Meryam Omi, head of sustainability and responsible investment strategy at LGIM, said LGIM was committed to putting pressure on companies to improve via its Climate Impact Pledge—a strategy introduced in 2016 focused on speeding up corporate action on climate change. “Our overriding goal is to help protect our clients