Legal & General Group Plc

Description

Legal & General Group plc is a UK-based global financial services and asset management company. It aims to improve the lives of people through inclusive capitalism. It was founded in the year 1836 and its headquarters are situated in London, United Kingdom. The company has many subsidiaries which include Legal & General Investment Management Limited, CALA Homes, Gresham Banque, Legal & General Investment Management, and Bruntwood SciTech Limited etc. Legal & General is listed on the main market of the London Stock Exchange since 1979 and is also a constituent of the FTSE 100 index.

The objective of the company is to create long-term value for its shareholders and thus its uses assets in a socially and economically useful way to maximise the benefits for all. The company has been providing financial services to customers across the UK for over 185 years. It offers services related to institutional retirement, retail retirement, capital investment, investment management, and insurance. A major focus area of the company is innovation in the UK, and it deal with economic and societal issues while investing in data centres, creative industries and science & technology. It has invested £1.5 billion in enhancing the town and cities in the UK and it also funds regeneration schemes. As a world leading ESG investor, it also focuses on addressing issues related to climate change and keeps sustainability at the heart of its business model. The company is expanding globally and is focusing on the Asian market after successfully building its US pension risk transfer business.

Legal & General Group plc follows a well-defined framework of corporate governance and aligns itself with the 2018 UK Corporate Governance Code. Its board has set up separate committees for audit, remuneration, and nomination. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, accountability, equality, and diversity. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities and complies with international best practices and guidelines to create a sustainable business. It has a comprehensive Environmental, Social, and Governance (ESG) framework in place and aligns itself with the UN sustainable development goals. It is also a part of the ECPI Index and aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as all its stakeholders, including customers, employees, partners, investors and the wider community.