Tracking a FTSE Russell Index, the strategy invests in a globally diversified portfolio of developed market equities. It uses an equity index to reduce exposure to companies with carbon emissions and fossil fuel assets that are higher than industry peers, and increases exposure to companies that generate revenue from green products. The strategy has been constructed to be a core, long-term equity holding opportunity for qualified retirement plans. The Pledge is a commitment to currently engage with 84 of the world’s largest companies to promote better climate change governance, transparency and action.
With nearly $191 billion in assets under management as of March 30, 2019, LGIMA is a wholly-owned subsidiary of Legal & General Investment Management US Inc., which is in turn, wholly owned by Legal & General Investment Management Ltd. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies , the leading global professional services firm in the areas of risk, strategy and people. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group.
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