Legal & General Group Plc

Climate Impact & Sustainability Data (2022)

Delivered over 350 energy-efficient homes in net zero regulated carbon developments.
Invested £5.5 million in Sero Technologies, supporting net-zero solutions for residential housing.

Created a free Midlife MOT course in partnership with The Open University.
Invested in Generation Home, helping first-time buyers.
Launched a three-year partnership with RedSTART to improve primary school children’s financial literacy.
Launched Project Smile to support families of children with illnesses.
Provided access to a personalised Wellbeing Support service for Retail Protection customers.
Committed to investing a further £2 billion of retirement funds into affordable housing over the next five years, helping to create more than 10,000 new homes nationwide.
Increased SME assets under management to €528.8 million through GP stake in Pemberton.
Invested over £100 million in funds and companies through the venture capital platform, supporting over 600 companies.
Increased spend with social enterprises by 8% compared to 2021.

Continued to apply ESG measures to executive reward, with 30% of executive directors’ bonus opportunity determined by performance against ‘strategic objectives’ covering sustainability-related matters.
Achieved an ESG Risk Rating of 17 (low risk) from Sustainalytics, placing within the 10th percentile for the insurance industry.
Received a C+ rating and Prime status from ISS ESG Corporate Ratings.
Scored within the 90th percentile for the global insurance industry in S&P Global ESG Scores, achieving inclusion in the 2023 S&P Global Sustainability Yearbook.
Maintained a constituent of the FTSE4Good Index Series.

Long-term Goals:

Medium-term Goals:

Deliver 3,000 multi-tenure properties across a five-year period, with all new housing forming part of our commitment to deliver homes which are net zero regulated carbon from 2030.
Deliver 2,500 shared ownership and affordable rent homes over the next seven years.

Short-term Goals:

Developed and rolled out cost-of-living training for customer-facing teams.
Entered a new relationship with debt advice charity StepChange.
Launched a financial safety net content hub and ‘Reclaim Retirement’ support hub.
Expanded ‘Random Acts of Kindness’ initiative.
Suspended online drawdown applications to focus on one-to-one conversations with customers.
Developed a new information leaflet for customers on the impact of ‘roll up’ interest.
Invested in urban regeneration and infrastructure projects in the UK and US.
Committed to investing in affordable housing and net-zero carbon developments.
Introduced methods to monitor, escalate and mitigate risks in the supply chain.
Finalised sustainability sourcing principles for procurement.
Reviewed supplier code of conduct to align with sustainability and supplier diversity strategy.

Transition to a low-carbon economy creating growth opportunities in innovative technologies and clean energy.

Frameworks Used: UN Global Compact, Task Force on Climate-related Financial Disclosures (TCFD)

Certifications: ISO 45001, ISO/IEC 27001 (does not apply to all subsidiaries), Good Business Charter

Third-party Assurance: Deloitte LLP

The report highlights how various initiatives contribute to these SDGs.