Legal and General Investment Management (LGIM) wants companies to put their climate policies to a vote for investors.
Pressure for UK companies to face shareholder votes on corporate climate policies —a “say on climate”— increased this week with one of the UK’s biggest investors adding their voice to calls. Legal and General Investment Management (LGIM) has revealed it wants companies to put their plans to cut carbon emissions to shareholder votes for approval. LGIM says it will vote against plans that fall short of aligning companies with "net zero", and also against boards. Sacha Sadan, LGIM's director of investment stewardship, says companies should see business benefits from harmonising their short, medium and long-term plans with net zer