Corporate social responsibility
"Our Actions Today
are Building a Sustainable Business for Tomorrow"
TIM BREEDON, Group Chief Executive
2008 CSR Report
Legal & General have, over many years, seen a commitment to a broad range of stakeholders as an important part of operating a sustainable, successful business. In 2008 the company succeeded in aligning their Corporate Social Responsibility philosophy and activities even more closely with Company objectives, both today and for the future in its Risk, Savings and Investment Management Businesses.
Legal & General are aware that when looking back on 2009 activities they will be judged by their stakeholders not only on the difficult decisions they needed to make to run their business but also on balance how they considered Environmental, Social and Governance impacts when making them.
Whether you are a supplier, employee, investor, occupier, NGO, Charity or customer read our Newly launched 2008 CSR Report here to see how we run a responsible business
Latest News
30 June 2009
Legal & General Group Climatewise Report 2009
Launched in September 2007 by HRH The Prince of Wales, www.climatewise.org.uk set up to aid members of the ABI Association of British Insurers) in dealing with climate change risks. Legal & General are founding signatories and sit on the managing committee where we play a part in identifying, analysing and managing risks. We look to assist where possible in the development of public policy, investigate how climate change impacts on our investment strategies and we provide help on risk management to customers, both individual and commercial. This is our progress update against the 6 core principles applied by Climatewise.
9 January 2009
Legal & General and its view on 2009 support for the Third Sector
Legal & General provided thoughts and guidance to 250 Small to Medium charities at the Third Sector Conference held in the last quarter. The overwhelming message from the corporate sector is that 2009 partnerships must be built upon
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social investments with purpose for the business (related to risks and opportunities that the businesses are trying to understand)
provide solid support for employees of companies as part of their employment package.
http://mediazone.brighttalk.com/comm/Haymarket/c2f79f534a-11107-2404-11318
19 December 2008
Legal & General Group enhances its Code of Ethics explicitly on Human Rights and Corruption & Bribery
In June 2008, Legal & General and EIRiS (Ethical Investment Research Services) met to discuss our recently announced ventures in Mumbai and Bahrain to see how we should support these commercial ventures with an enhanced Groupwide Code of Ethics. This has been reviewed by our Business Ethics Working Group, chaired by Diana Miller, Group Compliance Director. (See Corporate Governance Structure) We now explicitly cover the two key areas of Human Rights and Bribery & Corruption, which apply to both our direct operations as well as standards of other organisations we interact with, in line with the United Nations' Declaration on Human Rights (UNDHR). The new Groupwide Code of Ethics is an internal document which outlines our standards and expectations to our staff and others who act on behalf of the Legal & General Group. To view it, please download the PDF here.(PDF: 613 kb)
27 November 2008
Legal & General is a core member of Climatewise and sits on their Management Committee. At a conference entitled ClimateWise: One Year Review event held in the City of London on 24 November, Bill Hughes managing director of Legal & General Property, called for greater adherence to climate change in the culture of both the property and insurance industries. See here for more information. For ClimateWise's press release and public statement, see here (PDF: 128 kb).
30 October 2008
Sponsored by Legal & General and conducted by Ipsos MORI, new research released today by Business in the Community (BITC) reveals a statistically significant link between effective management and governance of environmental and social issues and financial performance. To download the report, The Value of Corporate Governance: The positive return of responsible business, please click here. (PDF: 941 kb)
1 September 2008
Legal & General Group's updated approach to managing Environmental Social and Governance (ESG) Risks can be read on our new Risk Management page.
1 September 2008
Please visit our new Third Sector Partnership 2008 page for a list of some of the Groupwide Third Sector (= voluntary sector) Partnerships we have established in 2008, as well as a criteria for potential future partnerships.
1 September 2008
Please visit our Media Centre for an article by Chairman Sir Rob Margetts about our commitment to the ClimateWise principles and our stance on the environment. This piece includes video.
2007 CSR Report
Welcome to Legal & General Group’s 2007 Corporate Social Responsibility (CSR) Report.
Doing business in a responsible, sustainable way goes hand in hand with doing business successfully. It is one way L&G can ensure it has a long-term future as a trusted and well-regarded financial services organisation.
Legal & General is in the fortunate position of not only having direct control over its social and environmental impact through its CSR programme but also extending the setting of high standards of operation in others, as a result of its Investments, its Supply Chain and its Property Management influence. L&G’s CSR programme includes the following areas at its core:
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A company that holds almost 5% of the FTSE on behalf of its clients and influences other companies to act sustainably through its corporate governance programme.
A company that, as one of the biggest property fund managers in the UK, has sustainable property development practices at its core.
A company that was the first financial services company to achieve ISO 14001 certification for its environmental management system.
A company that is a founding member and signatory of the ABI's Climatewise programme.
A company that, through its employees’ efforts, donated £2.4m to the communities in which it operates.
A company that has a 90% rating from Business in the Community for its Social Supplier programme.
Legal Note: This 2007 CSR Minisite includes six webcasts. Please note that these webcasts provide a summary only of the detail provided in the relevant sections of the actual CSR report and should not be relied upon. For more detailed facts and figures please consult the full report.
Archive: Previous CSR Reports
Visit our 2006 CSR Report
Visit our 2005 CSR Report
