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Legal & General Investment Management responds to allegations linking its investments to war crimes
Author: Sacha Sadan, Legal & General Investment Management, Published on: 9 October 2018
At LGIM we take our stewardship responsibilities seriously and devote significant resource to ensure our clients’ assets are protected and enhanced over time. We take an active approach to stewardship, using our scale as a global investment manager to influence company and market behaviours. In doing so, we strive to achieve positive societal impacts in the belief that it will create more sustainable long-term value. If we believe changes are needed at a company, we will communicate this privately during our engagements or publicly, if necessary, by voting against the company at annual general meetings. In 2018, LGIM has voted against UK directors more than any other large asset manager. However, it is index providers, not asset managers, who select the securities that form the indices tracked by index funds. This is true for the majority of LGIM's index fund range. Nevertheless, LGIM has gone one step further by implementing a Controversial Weapons Policy, excluding from active fixed income and equity funds and certain index funds those companies involved in the manufacture and production of cluster munitions, antipersonnel landmines, and biological and chemical weapons...
This is a response from the following companies: Legal & General Investment Management