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LGIM to climate change laggards: Step up or face divestment

The UK's largest asset manager will make public climate change ratings for around 1,000 companies, with the aim of spurring some laggards into action

Legal & General Investment Management, the UK's largest fund manager, is increasing pressure on some of the world's biggest polluters, making public climate ratings for around 1,000 companies on its website.

The move is part of an update to LGIM's climate impact pledge, a programme unveiled in 2016 which focuses on engagement with around 80 companies across the financials, transport and energy sectors to accelerate the transition to a low-carbon economy.

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