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DOES RESPONSIBLE BUSINESS MATTER?
Graham Precey
Head of Corporate Social Responsibility
Legal & General Group Plc
www.legalandgeneralgroupcsr.com
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
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
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