Graham Precey: Head of CSR for Legal & General

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DOES RESPONSIBLE BUSINESS MATTER?

Graham Precey

Head of Corporate Social Responsibility

Legal & General Group Plc

www.legalandgeneralgroupcsr.com

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First Responsibility…What you do…

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To pay out valid claims when a customer's home is damaged.

To pay out valid claims when a customer's home is damaged.

To pay out valid claimswhen a customer

becomes ill, is unable to work or dies.

To pay out valid claimswhen a customer

becomes ill, is unable to work or dies.

To provide investment and savings products which

allow individuals and familiesto plan for the future.

To provide investment and savings products which

allow individuals and familiesto plan for the future.

To enable customers to savefor a pension which will

provide them with an incomein retirement for life.

To enable customers to savefor a pension which will

provide them with an incomein retirement for life.

Plus companies must prove

Positive Economic Value

Social Purpose

Environmental Efficiency

Their ability to problem solve with scale, collaboratively

The World of the “Non Stakeholder”

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What the biggest inequality that exists in the UK today (economic, environmental, social)?

Whose job is it to “fix” this inequality?

The role of the Board (2005)

“Seek creative strategic

responses to market failure.”

The Financial Case for Sustainability

The answer is the not for profit sector what is the question?

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•Access to Capital and Debt

•Non Stakeholder opinions into materiality process

•Research & Development

•Campaigning corporates

•“New Psychological Contract”

Responsible Business Processes

Graham Precey

Head of Corporate Social Responsibility

Legal & General Group Plc

www.legalandgeneralgroupcsr.com

[email protected]

Graham Precey: Head of CSR for Legal & General

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