Our Approach to CSR

CSR at Legal & General

Our CSR Guiding Principles set out specific responsibilities in each of the areas of Corporate Social Responsibility at Legal & General. These have been in place for five years.

CSR Committee and Sub-Committees

Its prominence in our corporate governance structure ensures CSR is represented at a senior level within Legal & General’s decision-making processes.

Tim Breedon, Group Chief Executive, chairs Legal & General’s CSR Committee, which meets four times a year. This Committee is responsible for developing the Company’s CSR strategy, overseeing its implementation and monitoring how we’re performing against our targets.

The Group Board reviews the minutes of the Committee, receives an annual presentation on the CSR programme and conducts an annual review of the Committee and programme, as well as considering specific aspects of CSR as appropriate throughout the year.

Employee interests are specifically represented on the CSR Committee, which includes a representative of Unite, our recognised trades union. The members of the CSR Committee during 2007 are listed in Fig 1.

Fig 1. CSR Committee in 2007
Name	Title	Specific area of responsibility
Tim Breedon	Group Chief Executive	Chair of Committee
Peter Chambers	Chief Executive Officer LGIM(1)	Corporate Governance, Ethical Funds, Legal & General Property, Legal & General Ventures
John Godfrey	Group Communications Director	Communication of CSR strategy to Legal & General stakeholders
Gareth Hoskin	Resources and International Director	Human Resource management, Environment, Overseas Operations
Elaine MacLean	Group HR Director	Human Resource management
Nick Manns	Unite National Officer	Representing the views of our employees
Graham Precey	Group CSR Manager	Co-ordination and reporting of CSR programme, Community Involvement

Supporting the CSR Committee are four sub-committees, which focus on different areas of our CSR programme. They are:

• Group Environment Committee
• Group Health and Safety Committee
• Group Charity Committee
• Business Ethics Working Group

The corporate governance and communication flows between these committees can be seen in Fig 2.

Fig 2. CSR Governance Framework

Reporting

The principal channels through which Legal & General’s CSR performance is reported externally are:

• Legal & General’s Annual Report and Accounts
• External Benchmarking Agencies, such as FTSE4Good, Dow Jones Sustainability Indexes and Business in the Community

Feedback

We are keen to engage with our stakeholders in our approach to CSR. Please contact Legal & General’s Group Corporate Social Responsibility Manager, Graham Precey, if you have any questions or would like to discuss our approach. Email: graham.precey@landg.com