Inclusion and Wellbeing

Our purpose as a firm is ‘Investing for the long term. Our futures depend on it’.

This helps shape how we think, how we act, and how we create lasting impact for our clients, customers, shareholders and society. We’re committed to running our business in a responsible way and this in turn influences our Inclusion and Wellbeing (I&W) strategy, which is about fostering a dynamic, multi-faceted and thriving workforce. Bringing together colleagues from different lived experience and with different ways of thinking enables us to build an inclusive culture, strengthen our teams, and enrich our insights into client needs and investment strategies.

Our approach to I&W is broad and multidimensional and inspired by the desire to drive change. We have clear goals to: 

• Acknowledge, value and support difference in representation, including from an intersectional lens, and cultivate diversity of thought.
• Address any inconsistencies in our existing practices and help reshape talent processes, benefits, and policies to ensure they are fair, transparent, and equitable.
• Prioritise the wellbeing of our employees, so they have access to the support they may require at different life stages and moments. 
• Drive personal transformation in leaders and employees, enabling them to recognise and mitigate bias, to identify, model, and advance inclusive behaviours that promote wellbeing, and facilitate business outcomes.

These goals are centred around four key principles that help identify and prioritise our initiatives:

1. Talent: Advancing inclusive and equitable policies and practices to attract, develop, and retain a diverse pipeline of talent. 
2. Culture: Cultivating and promoting an inclusive company culture where all employees feel heard, respected, and valued and their wellbeing is supported. 
3. Measurement: Measuring and reporting on our progress to drive better results and improve transparency and accountability.
4. Community: Promoting inclusion and wellbeing beyond our business, in the wider industry, with our customers and clients, and in the communities in which we operate

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.