Financials

LGIM takes aim at company chairs with stronger climate engagement

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LGIM has expanded the number of companies it assesses on climate factors to more than 5,000 from around 1,000 last year (Photo: Tolga Akmen/FT Commission)

The UK’s largest asset manager is widening its analysis of corporate climate policy and ramping up pressure on boards.

Legal & General Investment Management says that nearly 350 companies now qualify for “voting sanctions” at their annual meetings, which typically mean that LGIM will vote against re-electing the chair, after they ...

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