We have made a lot of good progress this year. As well as improving our own green credentials and influencing those of our suppliers, LGIM and LGI have recently launched new funds which are aligned to activities generated through climate change:
- UK Equity Carbon Optimised Index Fund, which was created to enable clients to invest in companies identified for proactively and effectively managing their carbon output and energy consumption.
- Global Environmental Enterprises Fund, which aims to provide capital growth through investment in companies that are profiting from the global response to declining natural resources and the shift to a lower carbon world economy.
Legal & General has been working in collaboration with ClimateWise since 2008. ClimateWise, which is supported by Cambridge University, operates across the global insurance sector. Our performance as a business is rated annually against six of the ClimateWise principles. In 2011 we scored 99% against these principles, a 5% improvement over our 2009 scores.
Launched in 2007 by HRH The Prince of Wales, ClimateWise is a collaborative insurance initiative. We work with some of the largest global insurance companies to respond to the risks and opportunities of climate change. Climate change impacts us all – personally and as a business. In the same way that you may have adapted your behaviour at home or when travelling, we adapt how we run our business.