LGIM Real Assets has appointed a head of ESG as it gears up to hit its targets in the area.
Shuen Chan has joined the business from ESG advisory firm Sustineri, which she co-founded. The business helps institutional investors build a case for sustainable investments as the industry moves towards a low-carbon economy. With 25 years of ESG experience behind her, Chan was also a founding member of credit asset manager European Credit Management.
In her new role Chan will lead L&G’s drive to make all of its Real Assets operations more sustainable, with a focus on LGIM’s real estate equity platform and private credit portfolio. Among other targets, the business has committed to measuring the social impact of 20% of its portfolio by the end of this year.
She will report to LGIM Real Asset director of strategy and ESG and will work closely with Malcolm Hanna, the business’s sustainability manager.
“I am delighted to be joining the team at LGIM Real Assets as I truly believe that there is a significant opportunity in the real assets sector in delivering long term value for investors,” Chan said.
“ESG and sustainable investing in the real assets sector is fundamental to meeting the Paris Agreement targets and a transition towards a low carbon economy and society.”
Martin added: “We need a step-change in progress towards combating climate change. As one of the UK’s largest institutional investors and real asset owners, we have a major part to play.
“Shuen’s appointment, with her strong expertise in ESG and climate change, including a deep understanding of debt markets, marks our continued commitment to embedding ESG in every area of our business.”