LGIM to divest from four companies on ESG grounds as nine remain on exclusion list

This year, LGIM will divest its holdings in Industrial and Commercial Bank of China, AIG, PPL Corporation and China Mengniu Dairy for "unsatisfactory responses to engagement and/or breaches of ‘red lines' around coal involvement, carbon disclosures or deforestation". China Construction Bank, MetLife, Japan Post, KEPCO, ExxonMobil, Rosneft, Sysco, Hormel and Loblaw are to stay on the firm's existing exclusion list. According to LGIM, these companies "have yet to take the substantive actions required to warrant re-instatement". Companies that fall short of LGIM's minimum standards ar...