Investment stewardship in isolation is not enough to bring about change in the industry and asset managers must combine stewardship with investment engagement to effect change, according to Legal & General Investment Management's chief investment officer Sonja Laud.
Speaking on a panel at the Sustainable Investment Festival yesterday (15 June), Laud said historically, engagement would have sat within an asset manager's investment stewardship approach as this is what the firm's guidelines, voting principles and standards setting were based on, but added this is now insufficient. She said: "We are coming to the point where this might not quite get us to the level of change that we need and where we require support from investments that go into the details to engage with companies to effect the level of change; this is what I call our principles, our r...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
15 February 2024
•
1 min read
