L&G to halve emission intensity of £81bn annuity book by 2030

The insurer said the £80.7bn annuity book would see its emission intensity cut by 18.5% within the next five years, with the pension scheme bulk annuity provider realigning its portfolio to make investments that have a positive impact across the UK. The move follows the government's publication of a '10 Point Plan' for a "green industrial revolution" last month, with LGR also publishing its own ESG policy that "is aligned with this thinking". Both individual annuitants and bulk annuity business will be covered by the policy, which focuses on portfolio decarbonisation, sustainable inve...