Exelerating

Legal & General appoints new head of ESG as it accelerates climate change efforts

Legal & General publishes on its website:

“LGIM Real Assets (a division of Legal & General Investment Management) announces that it has appointed Shuen Chan as Head of ESG as it continues to establish itself as a global leader in responsible investment.

With the UK legally required to meet net zero carbon emissions by 2050, investors must actively consider how they call help reduce emissions in some of the most carbon intensive industries, including real estate, energy, transportation and social infrastructure. Legal & General is looking beyond current legislation and practices, seeking to align its real asset portfolio with a science-based carbon performance target covering the period to 2030.

Shuen will take the lead on ESG and support Legal & General’s strategic objective to embed sustainability in all areas of its Real Assets business, focusing on the LGIM Real Assets real estate equity platform and its rapidly expanding private credit portfolio (which includes infrastructure). She brings 25 years of experience in sustainability, capital markets and asset management, with expertise in ESG, climate change and impact investing. Most recently, Shuen co-founded a purpose-driven ESG advisory firm, Sustineri, helping institutional investors build a case for sustainable investing in the transition to a low-carbon economy.

Previously, Shuen was a founding member and Head of Structured Product Origination at one of the fastest growing credit asset management firms in Europe, European Credit Management. Shuen’s early career was in debt capital markets at Deutsche Bank, Macquarie and HSBC across Asia and Europe. Shuen will report to Rob Martin, Director, Strategy & ESG, LGIM Real Assets, and work closely with Malcolm Hanna, Sustainability Manager, LGIM Real Assets.”

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