Legal & General and Believe Housing complete £85m sustainability-linked private placement

LGIM Real Assets (Legal & General) has provided £85 million in long-term financing to believe housing, one of the largest affordable homes providers in North East England. The private placement demonstrates Legal & General’s on-going commitment to a wider ESG and decarbonisation agenda, implementing a forward-thinking sustainability focused structure with pricing linked to the Company’s energy transition. The funding will support believe housing’s strategic development goal to deliver over 1,200 new affordable homes over the next five years. The housing association’s 18,000 homes cover almost 900 square miles from the…

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Legal & General continues fight against climate change as it publishes strategy to deliver net zero across its real estate portfolio

Demonstrating another step up for Legal & General in its response to combating climate change, LGIM Real Assets has published its strategy to deliver net zero carbon across its 76 million sq. ft. UK real estate portfolio by 2050. LGIM Real Assets’ pathway to net zero carbon sets out its commitments and delivery strategy for decarbonising the lifecycle of buildings from construction through to operation and eventual decommissioning. With the built environment contributing c.40% of global greenhouse gas emissions, it has a pivotal role to play in global efforts to…

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Legal & General to halve £81bn annuity portfolio’s carbon emissions by 2030

Legal & General Retirement (LGR) have announced its commitment to reduce the carbon emission intensity of its current £80.7bn annuity book by 18.5% by 2025, and plans to further reduce this to 50% by 2030. Legal & General is also targeting a net-zero portfolio by 2050 and strongly supports the Paris Agreement aim to limit the global temperature rise to well below 2°C of pre-industrial levels. This commitment comes as LGR launches its new Environmental, Social Impact and Governance (ESG) policy, the Pension Risk Transfer (PRT) sector’s most comprehensive publicly…

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10 million Brits volunteering as the nation unites in the Isolation Economy, says Legal & General

Britons are volunteering in their millions as part of the ‘isolation economy’, according to new figures from Legal & General and Cebr. The latest wave of the FTSE100 financial services group’s Isolation Economy research has found that 10 million UK adults are serving as an informal ‘volunteering army’, supporting local communities and helping vulnerable people. Each week, the work these volunteers are doing has an equivalent economic value of more than £357 million, according to the Isolation Economy research, with each individual contributing on average three hours of their time.…

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Legal & General sponsor Alzheimer’s Research UK #ShareTheOrange campaign

Legal & General support the launch of Alzheimer’s Research UK (ARUK) second #ShareTheOrange campaign which seeks to raise awareness of dementia and the ground breaking research that is being undertaken to help defeat it. Over 850,000 people in the UK are living with dementia and 1 in 3 over the age of 65 will die of the disease. Legal & General has been working with ARUK since 2015 when they helped fund the project ‘Dementia Explained’ which was the development of a website designed to help children and young people…

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