In this new post: “How we're engaging with investee companies on human rights issues,” Legal & General Investment Management (LGIM) summarized its commitment to human rights issues and expectations of portfolio companies, which are detailed in its recently released policy document. The policy identifies the types of situations that may engender adverse proxy voting decisions pending LGIM’s plans to implement a new voting policy in 2025 that will be based on third-party data and that will become more stringent with the passage of time.
LGIM’s Nature Framework discusses its investment stewardship approach to the circular economy; deforestation; water; and natural capital. It’s deforestation policy, released in 2023, articulates its minimum expectations for companies in “deforestation-critical” sectors, which are defined with reference to Ceres’ Investor Guide to Deforestation and Climate Change (see Table 2) and the Deforestation-Free Finance Guidance (we reported on here). Pursuant to this recent post, LGIM’s expectations for portfolio companies on the circular economy; water; and natural capital management, are forthcoming.