Effecting positive change to deliver long-term, sustainable value
Investment stewardship means the responsible oversight of capital that we allocate on behalf of our clients, in order to generate sustainable benefits for the economy, the environment and society.
This involves engaging with the companies in which we invest, to address risks and opportunities – both company-specific and market-wide.
At the same time, the team works with regulators, policy makers and our industry peers to tackle systemic issues.
Our Investment Stewardship team exercises voting rights globally, across LGIM’s active and index funds, holding companies to account on the issues that matter most to our clients. These range from climate change to board independence and diversity.
Across both public and private assets, we have established a fully integrated framework for responsible investing to strengthen long-term returns and raise market standards. This is based on investment stewardship with impact and collaborative, active research across asset classes. Learn more about our approach to responsible investing here.
Read our Active Ownership report to see how we use our scale and influence to bring about real change in the companies and markets we invest in.
LGIM is proud to have consistently received A+ rankings for responsible investment strategy and active ownership by the UN-backed Principles for
Responsible Investment (UN PRI)*. Our latest UN PRI survey results and public transparency reports are available below:
*Source: UN PRI, as at 30 June 2021
Our award-winning Investment Stewardship team spearheads much of LGIM’s activity on environmental, social and governance (ESG) issues.
The team of 16 professionals, who have an average of 12 years’ experience*, is headed by our Head of Responsible Investment Integration, Michael Marks.
Michael is a member of the LGIM Board and reports directly to LGIM’s CEO, Michelle Scrimgeour. Two independent non-executive directors on LGIM’s board have the specific responsibility of overseeing the team’s activities and ensuring conflicts are appropriately managed.
We believe this independent reporting line allows the team to manage internal conflicts, form views and take decisions in the long-term interests of all clients.
*As at 30 June 2021
Michael was appointed Head of Responsible Investment Integration for Legal & General Investment Management (LGIM) in May 2020 leading LGIM’s ESG transformation efforts across the organisation, having joined LGIM in 2016 as Chief Operating Officer.
Prior to LGIM Michael had a 28 year career at BlackRock (and its predecessor firms), where he was most recently regional head of the Client Solutions group. Preceding that role Michael had established and led a number of businesses including the Fiduciary Mandate business, the Aladdin risk management and enterprise tools business and the Transition Management group. Michael is a passionate supporter of inclusion, a vocal ally and executive sponsor of Legal & General’s LGBT network. He graduated from UMIST in 1987 with a degree in Management Science.