Enhanced focus on ESG investments
Legg Mason’s report has found that there is an enhanced focus on environmental, social and governance (ESG) investments and a stronger commitment to principles for responsible investment (PRI) engagement.
The study, “2017 Corporate Social Responsibility Report”, reflected the combined effort and contribution of professionals within the firm and across the affiliate organisations.
According to the report, US$159 billion of total long-term assets under management, around 25 per cent, was invested in ESG products or strategies.
The report also revealed that more than 300 CEOs signed the CEO Action for Diversity and Inclusion, which was aimed at increased diversity in the workplace and fostering inclusive professional environments as well as dialogue and engagement.
Legg Mason’s chief executive Joe Sullivan, said: “We believe in ESG as a fundamental tenet of our active investment approach and our affiliates are committed to the integration of ESG factors into their respective investment process.
“Our commitment to social responsibility is broad, spanning investment management, business operations and our mission.
“I am deeply proud of the CSR efforts that reinforce Legg Mason’s corporate mission, Investing to Improve Lives.”
AUTHOR
Oksana Patron
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