Investment Manager LGIM Divests From Glencore Over Coal Business

Legal & General Investment Management (LGIM) is divesting shares in Glencore from its ESG funds over concerns that the mining giant doesn’t have a path to net zero amid continued thermal coal production. Legal & General (L&G) has expanded its climate engagement reach and, as part of the engagement with consequences, comes the decision that LGIM is divesting from Glencore, L&G said in a statement on Wednesday. The divestment from Glencore follows extensive engagement with the company since the first Climate Impact…