This key appointment forms part of the company's targets to meet net zero carbon emissions by 2050. 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. 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.
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Shuen will report to Rob Martin, Director, Strategy & ESG, LGIM Real Assets, and work closely with Malcolm Hanna, Sustainability Manager, LGIM Real Assets.
Rob Martin, Director, Strategy & ESG, LGIM Real Assets, said: "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."
Shuen Chan, Head of ESG, LGIM Real Assets, added: "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. 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."
(CM/JG)
