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Alternative Market Briefing

Legal & General joins OECD impact investing project Business for Inclusive Growth

Friday, August 23, 2019

Bailey McCann, Opalesque New York:

British financial services company, Legal & General has joined a group of 34 businesses working with the Organisation for Economic Co-operation and Development (OECD) on Business for Inclusive Growth (B4IG). The initiative was launched this morning by President Macron at the Élysée Palace. The coalition of businesses has committed to step up business action to advance human rights throughout their value chains, build inclusive workplaces and strengthen inclusion in their internal and external business relationships. Legal & General is the largest institutional investor in the UK.

The initiative is part of G7 government-led efforts to strengthen equality of opportunity, tackle regional disadvantages and fight gender discrimination.

Inclusive Growth is expected to be a signature policy from the French Chairmanship of the G7 taking place over August 24th and 25th in Biarritz. B4IG is a three-year project. The 34 businesses represent a combined market worth of over $1 trillion and have over 3 million employees. They will bring their expertise to a global inclusive growth accelerator and fund alongside the broader project. The public-private partnership is the first of its kind.

The business side of B4IG is being spearheaded by Danone. Other companies included in the group of 34 are Accenture, BASF, JP Morgan, Keurig Dr. Pepper, L'Oreal, Mars Incorporated and Unilever.

The organizations will work with the OECD across three......................

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