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Legal & General Investment Management joins Shell s shareholder rebellion Shareholder support for Follow This’ proposal more than doubled this year, rising from 14.4 per cent last year to 30 per cent – with new heavyweight supports like Legal & General Investment Management. One of London’s oldest fund managers, Legal & General Investment Management (LGIM), has been revealed to have joined the shareholder rebellion today against Shell’s climate strategy last week, according to reports. Saying that the energy giant’s plans lacked credibility and the ambition needed to tackle climate change, LGIM voted against Shell’s climate transition targets, the Guardian reported. The Legal & General asset manager, which manages over £1.2tn of assets, joined the shareholder rebellion spearheaded by activist group Follow This in demanding faster progress. ....
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