Our performance verified by others
During the year we have our sustainability performance ranked and reviewed. Our
results for 2010 are detailed below:
Business in the Community Corporate Responsibility Index
This year, we achieved a gold level rating of 94.2% in 2010 up from 90% in 2009.
Feedback from the annual survey is available here.
We also benchmarked our overseas businesses in USA, France and Netherlands using
the CR Index which can be found here.
ClimateWise
Read 2011's performance against principles report for Climatewise here.
DowJones SAM Benchmarking report
Our performance benchmarked against global peers in the Dow Jones Sustainable Asset
Management gave us a ranking of 70%, down from 74% in 2009, resulting in a Bronze
Rating.
You can download our performance comparison report here.
EIRIS report
A review of our 2010 performance and disclosures provided by EIRIS, a leading global
provider in ESG research services shows that we do well in many areas of our business.
Download their view of our business here.
OEKOM Prime Stock / ECPI
We countinue to be be key component stocks for these two ESG research houses who
worry about sustainability performance.
Legal & General OEKOM Corporate Rating
Internal Audit Verification Statement and Approach
The following statement relating to the reporting on this microsite was produced
by Legal & General Group′s internal audit team. We choose to remain internally
audited rather than externally audited as we believe that the analyst reports above
hold us to account for our performance.
Background
The Legal & General Corporate Social Responsibility Report includes sections
on customer policies, our employees, the environment, our suppliers, community initiatives
and socially responsible investment. Where relevant, we have also included details
of how Legal & General America, Legal & General Netherlands and Legal &
General France address these areas as well as selected data on our other overseas
operations.
Group Internal Audit has provided independent verification of the Report as noted
below:
Objectives
The objective of this verification is to express an opinion on:
- The reliability of the processes used by Legal & General to identify, collect
and report data and supplementary information included within the Corporate Social
Responsibility Report.
- The accuracy of data included in the Report.
Summary of Procedures Performed
In contrast to financial reporting standards, statutory reporting and verification
standards do not exist for the review of social and environmental performance. Group
Internal Audit has, therefore, applied a methodology consistent with best audit
practice in undertaking this verification procedure.
Our Review Comprised:
- Interviews with senior management within Legal & General and a review of the
processes in place to report qualitative data.
- Review and verification of data including reference to supporting documentation
where appropriate. Reliance was placed on the ISO 9001 and ISO 14001 certification
of certain systems within Legal & General where appropriate.
- Review of the final content of the Report to assess consistency with the overall
findings of our work.
Opinion
On the basis of the work performed, we have reached the following opinion:
- Appropriate management systems have been put in place to capture and consolidate
Corporate Social Responsibility performance information related to Legal & General′s
Groupwide activities; and
- Quantitative data is accurately stated within the Report and the rationale for using
estimated figures is recorded where relevant.
John Adlam
Group Chief Internal Auditor
April 2011
Legal & General Group Plc
One Coleman Street
London EC2R 5AA
www.legalandgeneralgroup.com/csr