Diversity and inclusion

Our philosophy

At L&G, we believe diversity strengthens us, and an inclusive culture is vital to delivering the superior service our clients expect.

L&G’s leadership team is committed to embedding diversity in every aspect of the business.

L&G is proud to be a vibrant business that values and embraces difference. We want our employees to feel they belong and are empowered to deliver business results.

Our actions

Every L&G employee plays a crucial role. We all act as stewards of our company culture, responsible for cultivating an inclusive environment.  We are always looking to:

• Engage change across L&G and reduce bias
• Attract a diverse pool of talent by being progressive in our aims
• Communicate our targeted diversity action
• Create a flexible, agile and supportive work environment

We have also created the role of Head of Inclusion & Culture for L&G. This role means we always have a senior executive driving the continuous development of L&G’s culture, diversity and inclusion objectives.

Another way we are driving positive action and removing barriers to diversity and inclusion is through our employee network, LEGIT (the Legal & General Inclusion Team).

LEGIT (Legal & General Inclusion Team)

LEGIT is crucial to creating engagement on diversity and inclusion at L&G. LEGIT consists of several other self-governed employee networks. Open to all, each network raises awareness of diversity and inclusion topics across L&G. They regularly invite colleagues to join in with discussions, networking opportunities and speaker events, held throughout the year.

Our LEGIT networks:

• LGBT+ Allies
• Gender
• Family
• Ethnicity/Race/Cultural Diversity
• Socio-economic Mobility
• Investment Diversity
• Health & Wellbeing
• Neurodiversity 

Responsible investing

We believe cognitive diversity in business – the bringing together of people of different ages, experiences, gender, ethnicity, sexual orientation, and social and economic background – is a crucial step towards building a better economy and society.

We also view diversity as a financially material issue for our clients, with investment implications for the assets we manage on their behalf.

For 10 years, we have been using our position to engage with companies on this issue. In 2020, with our expectations on gender diversity well-established, we announced that from 2022 we would be voting against the chairs of boards in the US and UK that lack ethnic diversity.

(†) Any references to companies are mentioned for illustrative purposes only and does not constitute a recommendation. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, and the investor may get back less than the original amount invested.

Whilst L&G’s Asset Management business, where relevant, has integrated financially material Environmental, Social, and Governance (ESG) considerations into its stewardship practices and investment decision-making, funds that do not include specific ESG goals within their objectives might not pursue responsible investing goals.

Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.