Legal & General Investment Management (LGIM) has launched a climate-tilted index equity strategy, which seeks to reduce its exposure to carbon-emitting assets by 70% compared to the broad market capitalisation benchmark.
The LGIM Low Carbon Transition Index Equity Fund aims to achieve further reductions in exposure to carbon emissions over time, with the ultimate objective of aligning with net zero emissions globally by 2050.
At the time of launch, TPT Retirement Solutions, a UK workplace pension scheme, had already invested in the funds.