Legal & General (L&G) has won the Insurance Asset Risk Social investing initiative of the year 2025 award for its transformational impact on affordable housing in the UK, combining institutional investment expertise with a commitment to social good.

Through Legal & General Affordable Homes (LGAH), the company has invested over £1bn, delivering 8,000 homes (with 5,000 already occupied) to address the UK's severe housing shortage. L&G's balance sheet capital has been instrumental in scaling affordable housing, ensuring high-quality, well-designed, and energy-efficient homes that meet the needs of communities.

L&G has also pioneered new investment solutions, such as the L&G Affordable Housing Fund, which launched in July 2024 with an initial £130m cornerstone commitment from the ACCESS local government pool and further commitments from institutional investors. The fund provides inflation-linked, diversified cash flows while helping tackle housing affordability, with rents averaging just 62% of open-market levels.

Beyond financial investment, L&G is redefining the resident experience through Brolly, its bespoke housing management platform, and its focus on sustainable, high-quality housing. With a net promoter score of 64, L&G demonstrates excellence in customer service, proving that responsible investing can deliver both strong financial returns and meaningful social impact.