Legal & General fund boosts stakes in firms it shamed over climate crisis

Exclusive: UK’s biggest fund manager LGIM
ploughed extra £285m into companies such as ExxonMobil

The UK’s biggest fund manager has spent nearly £300m this
year increasing its shareholdings in companies which it named and
shamed for
dragging their heels on climate action
.

Legal & General Investment Management (LGIM), which has been
one of the most outspoken fund managers over the climate crisis,
announced in June it was cutting five more firms from its
environmentally and socially conscious funds, for not doing enough
to mitigate the climate emergency.

Source: FS – All-News2-Economy
Legal & General fund boosts stakes in firms it shamed over climate crisis