Legal & General Investment Management (LGIM) announced the launch of the L&G Net Zero Global Corporate Bond Fund, an active strategy that aims to deliver net zero carbon emissions and improved ESG outcomes. The fund, targeted at UK and European institutional investors and wealth managers, has the ambition to reach 1.5 C temperature alignment by 2030, and net zero emissions by 2050. It also aims to identify long-term financial alpha across a global credit universe and provide improved portfolio temperature alignment through decarbonization objectives.

According to LGIM, the fund adopts a progressive approach to reducing carbon emissions intensity, which includes measuring the climate risk embedded in the portfolio and its climate alignment, as well as drawing on the energy transition scenario insights of LGIM’s climate risk framework. LGIM will also engage with companies identified as key to meeting global climate goals.

Source: ESGToday