Guiding principles.
This section demonstrates how CSR is embedded into our business, showing the principles we use to manage our business, and which internal committees are responsible for adherence to them.
| Legal & General Group Plc : Responsible Business Guiding Principles and Commitments |
Governed by |
| With our Customers we commit |
- To provide good value products that meet our customers' needs.
- To enable customers to save for a pension which will provide them with an income in retirement for life
- To provide investment and savings products which allow individuals and families to plan for the future
- To pay out valid claims when a customer becomes ill, is unable to work, or dies.
- To pay out valid claims when a customer's home is damaged.
- To addressing appropriate market, social, economic and environmental risks and opportunities and integrate them into the core decision making process of our businesses
- To our core purpose of providing our customers with the ability to pool risk, allowing them to protect their health, income, home or savings.
- To monitor our approach to working with traditionally uninsurable or fringe markets to make our products more accessible.
- To use our influence to campaign for issues that matter to our customers, employees, our industry and local communities.
|
Group Ethics Committee |
| For our Investors we commit |
- To promote responsible ESG (Environmental, Social and Governance) business practices in the companies in which we invest to create long term value for investors.
|
Group CSR Committee |
- To promote sustainable business practices in our commercial property portfolio to provide improved investor returns through good relationships with our property occupiers.
|
Sustainable Property Board |
| For our Employees we commit |
- To work in close partnership with our recognised trades union Unite and Management Consultative Forum, when making key decisions.
- To adopt policies and practices which encourage an appropriate work/life balance.
- To apply open and fair processes in major decisions affecting recruitment, promotions, outsourcing and downsizing.
- To ensure our employees understand and implement correct ethical behaviours.
|
Group Equality and Diversity Committee |
- To promote and implement our company values.
- To provide a flexible, supportive, healthy and safe working environment.
|
Group Health and Safety Committee |
| For our Suppliers we commit |
- To comply with our sustainable procurement policy at all times.
- To support suppliers who do not comply with our 'CSR standards for key suppliers' to facilitate improvements.
|
Group Environment Committee |
| On our Environmental Impact we commit |
- To reduce rather than offset our impact on the environment.
- To integrate environmental legislation across our business.
|
Group Environment Committee |
| In the communities in which we operate we commit |
- To support the community as a whole, especially on grass roots issues where we feel we can make a difference in key programmes.
- To partner with Third Sector organisations to campaign for the issues that matter to our markets and businesses.
- To support and encourage employee involvement in charitable giving, volunteering and in utilising the resources available to them.
|
Group Charity Committee |
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