Our purpose

Legal & General have a clear purpose: to improve the lives of our customers, build a better society for the long term and create value for our shareholders. We’ve been achieving all of these for the past 10 years and we want to carry on achieving them, not just for the next 10 but for the next 20, 30, and 40 years. By investing for the long term, in socially and economically useful ways, we can use our assets to benefit everyone in our communities.

Nigel Wilson, Chief Executive:

"We can all see the problems that are going on around us and I’m  very privileged and very proud, to be in the position to try to solve many of these things, whether  they’re market failures, like the housing market or issues that we really need to get right,  like climate change. Things that are actually very important from society’s point of view:  build more houses, regenerate cities or give everybody great-value pensions. As a person, that’s what I want to do."

The defining challenge of our generation is how we figure out how we can prevent the impact of climate change. We all have to get together and work collaboratively to implement solutions that make a real difference. Our job is to accelerate that by investing more of the money our customers give us for their retirement or their financial future, to build a better life for everyone. That’s what we call inclusive capitalism. For example, ‘what can we do that gives the maximum benefit to society as well as helping our customers and investors?’ We believe that profit and purpose can coexist in a firm and the consequences of that will result in better outcomes for all of us.

What we're doing

We’re doing some incredibly important things and all of the people who work for us are both physically engaged but also emotionally engaged in what we’re doing as a firm, not just in the UK but across the world.

We’re focused on having even more highly motivated people working on society’s biggest issues, delivering better solutions for us all. Energy is just one of these things but it’s a huge thing. Who doesn’t want cleaner, greener, and cheaper energy? That’s within our grasp and we have already started to invest in green energy.

Our investment in the world’s largest offshore wind-farm project in Hornsea will produce enough green electricity to power over 400,000 homes. We have taken a stake in Pod Point, one of the UK’s largest electric vehicle charge-point operators, so that we can reduce the carbon that car travel creates. We also use our position as one of world’s largest investors to engage with companies to influence them to adopt low-carbon strategies

We need other big investors, providers of debt, equity, and insurance services, with really motivated people to step up and do this. It doesn’t have to be the Government who invests in things like infrastructure. We’ve got a massive investment programme planned for the next few years. These types of investments are not just crucially important for our business, but crucially important for society and we could become world leaders in key parts of the offshore wind, onshore wind, and solar energy markets.

More investment creates higher-paying jobs and what is needed in the UK is more – productive, higher paying jobs. And instead of off-shoring this to different countries, we should be investing in the money here, to make a difference, to our society but also to create opportunities for exporting the great technology that we have here in the UK.

As well as investing in a carbon-free future, we work with local authorities, local government, universities, and partners to invest in homes, jobs, infrastructure, and clean energy. We’re involved in delivering 80,000 new homes in the next five to ten years, creating housing of all tenures such as build-to-sell, build-to-rent, affordable housing, and specialist housing for the elderly.

What we have achieved to regenerate UK cities like Cardiff, Bristol, Bath, Oxford, Leeds, Manchester, Newcastle, Glasgow, and Edinburgh are truly magnificent changes but we’ve got more to do everywhere. We can do things. We can make a huge difference to people’s lives.

Legal & General have a clear purpose: to improve the lives of our customers, build a better society for the long term and create value for our shareholders. We’ve been achieving all of these for the past 10 years and we want to carry on achieving them, not just for the next 10 but for the next 20, 30, and 40 years. By investing for the long term, in socially and economically useful ways, we can use our assets to benefit everyone in our communities.