As the 12th largest fund firm in the world, Legal & General Investment Management (LGIM) certainly has influence when it comes to engaging on ESG issues and pushing for better industry standards, something CEO Michelle Scrimgeour says it puts to good use.
A significant share of the firm’s $1.8trn (£1.3trn) in assets under management are held in index funds, which, according to Scrimgeour, puts the firm at an advantage when it comes to active engagement, as active and passive portfolio assets can be used together to implement real change.
“The role of stewardship is to advocate for change and raise market standards,” she highlights. “Whether the style of investment is active, passive, real asset or private investment, ultimately it is the context that is important. Our core of active engagement is what really drives the success of LGIM.”
Read the full interview and watch the video in ESG Clarity’s September 2021 digital magazine.
