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Legal & General CSR Report 2006

2006 Targets

Targets
- 2006 Targets
- 2007 Targets
Appendices

2006 Targets: How did we do?

Supporting information is given in the relevant sections of this Report. A specific explanation is given below if a target was not achieved, or if a brief comment is appropriate.

2006 Socially Responsible Investment table
Objective Area	Target	How did we do?
Socially Responsible Investment	Engage with FTSE 350 companies whose reporting on SEE risks and opportunities (both within the Annual Report and other CSR Reports) is rated as ‘limited’ or below according to the ABI’s SEE reporting guidelines 28 companies were contacted in 2006	Achieved
Socially Responsible Investment	Achieve ISO14001 accreditation for a further two directly managed properties EMS built for both locations. Audits undertaken in accordance with ISO14001	Achieved
Socially Responsible Investment	Encourage investee companies to invite the Carbon Trust to carry out a free Energy Survey, in order to produce a practical action plan tailored to each organisation’s needs and to consider implementing any useful recommendations All portfolio companies were given information regarding The Carbon Trust. At least one representative from each portfolio company attended a presentation by Energy 2000 on opportunities for improving fuel efficiency. At least one company is reviewing possible fuel efficiency savings	Achieved

2006 Customer Targets table
Objective Area	Target	How did we do?
Customers	Understand what retail customers want from Legal & General in terms of CSR by: (a) participating in the annual syndicated MORI CSR survey (b) conducting research into customers’ response to Legal & General’s CSR communications as appropriate	Achieved
Customers	Communicate customers’ CSR requirements: (a) into Legal & General’s CSR strategy on specific issues relating to Environment, Supply Chain, Employees, Community Involvement (b) to influence our Corporate strategy on issues relating to Treating Customers Fairly	Achieved
Customers	Communicate Legal & General’s CSR strategy and activities to customers	Achieved

2006 Employee Relations Targets table
Objective Area	Target	How did we do?
Employee Relations	Achieve 72% overall employee satisfaction in the 2006 Employee Survey Overall employee satisfaction improved from 66% to 68%. There are actions in place to further increase employee satisfaction in the medium term	Not Achieved
Employee Relations	Give Equality and Diversity training to relevant management population, and cover Equality and Diversity issues in recruitment, performance management and coaching skills training for managers by end of 2006	Achieved
Employee Relations	Conduct Groupwide pay audit by gender and age, to ensure that employees carrying out similar roles are paid according to their individual contribution regardless of background or personal circumstances Equal pay audit by gender showed no significant gap. Equal pay audit also conducted in relation to ethnicity and needs to be explored further. Few employees from ethnic minorities are in management grade roles. Amicus Equal Pay Charter was signed during year	Achieved
Employee Relations	Engage with Amicus to review employment policies and practices, so as to effectively implement age discrimination legislation by end 2006	Achieved

2006 Supply Chain table
Objective Area	Target	How did we do?
Supply Chain	Extend the programme of engagement to manage significant social and ethical issues associated with our purchase of goods and services	Achieved
Supply Chain	Promote the Ethical Purchasing principles and develop Guidelines to influence key suppliers and support their supplier managers, which reflect Legal & General’s agreed standards	Achieved

2006 Environmental Impact table
Objective Area	Target	How did we do?
Environment – reduction of environmental impact associated with our purchase of goods and services	(a) Ensure that compliance by key suppliers with the environmental requirements of the Group Purchasing Policy is maintained at 80% during the period 2005-7 Compliance of 2006 key suppliers was 100%	On target
	(b) Review procurement specifications for the environmental impact of key bought in goods and services – 80% of key contracts to be reviewed in the period 2005-7 Of 19 key contracts identified in 2005, 13 environmental specifications were in place by end of 2006	On target
Environment – reduction of carbon dioxide emissions per employee over the medium term	Reduce our carbon dioxide (CO₂) emissions to 1.5 tonnes per FTE by end of 2008 Emission levels calculated for 2006 UK Occupied Properties (based on headcount) were at 1.65 tonnes per employee	On target
	Reduce the average carbon dioxide rating of the core Company car fleet from 175 to 160 grams/km during the period 2005-7 Average CO₂ rating was 167 gms/km at year end. Target still depends on individual driver choice but 2006 saw positive response to new environmental option, Honda Civic 2.2 litre turbo diesel with CO2 rating of 135 grams/km. Average CO₂ rating of cars delivered in 2006 was 163 grams/km	Not on target
Environment – efficient use of resources and waste minimisation	(a) Purchase paper with a recycled content of 30% (by tonnage) by end of 2006	Achieved
	(b) Send less than 80 kg of waste to landfill per FTE by end of 2007 2006 figures have been calculated at 79 kg (based on security headcount). Removal of furniture and other materials from redundant offices will be recorded separately	On target

2006 Community Involvement table
Objective Area	Target	How did we do?
Community Involvement	Extend investment in financial literacy activities	Achieved
Community Involvement	Work to maintain staff participation in our Give As You Earn scheme at above the 10% level 11.8% of staff were donating regularly at year end	Achieved