L&G (Legal & General Group Plc) | Climate Transition Plan at L&G

Status
97.70% votes in favour
AGM date
Previous AGM date
Proposal number
3
Resolution details
Company ticker
LGEN
Submitted by
Resolution ask
Report on or disclose
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Other management proposal or proxy item
Filer type
Management
Company sector
Financials
Company HQ country
United Kingdom
Supporting materials
  • Legal&GeneralGroupPlc_LGEN_1724971_Sustainability_Research.pdf Download
Resolved clause
Legal & General Group Plc is seeking shareholder approval for its Climate Transition Plan 2023 which sets out the Company’s current plans and actions to enable it to achieve its Scope 1, 2 and 3 emissions reduction targets, aligned to the goals of the Paris Agreement.
Supporting statement
" We believe it is important for all shareholders to have an opportunity to engage with us on, and endorse, our climate strategy and actions. The outcome of the vote is not binding but the Board will take it, and discussions at the AGM, into account in determining how the Company progresses, evaluates and looks to improve upon the initiatives set out in the Climate Transition Plan. The AGM is intended to provide a forum for shareholders to discuss and provide feedback on the Company’s Climate Transition Plan. The Climate Transition Plan sets out the Company’s current plans, actions and assumptions to enable it to achieve its Scope 1, 2 and 3 emissions reduction targets, aligned to the goals of the Paris Agreement. The Plan is dynamic and will be reviewed and refined on an on-going basis to take account of changes in the geopolitical risk landscape, regulation, policy, technology innovations, best practice and other matters. It is anticipated that a further advisory shareholder vote to approve the then current Climate Transition Plan will be sought no later than 2026, and sooner if there are significant changes to the Climate Transition Plan before then. In the meantime, the Company will continue to publish its progress on climate action annually, in line with the recommendations of the Taskforce on Climate-related Financial Disclosures."

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
Rathbones Group PlcFor

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