Our philosophy is to understand the direct environmental impacts of the business we manage and of those in which we invest. We are now financially accountable for our carbon emissions through the Carbon Reduction Commitment. We are entering a world where we need to forecast our business activities and the emissions they will generate and account for them. We believe we are well placed to limit the impact of this change through the management of our own operations and the procurement of energy by our venture capital and commercial property portfolios.

Legal & General Property continue to lead the field with their ability to deliver commercial and environmental value for both investors and occupiers. We believe this approach can also help to provide sustainable returns.

Our involvement in the leadership team at ClimateWise means that we are at the centre of shaping the insurance sector’s global approach to environmental risk. In 2010 we scored 94% in ClimateWise’s global rating principles up from 82% in 2009.