Some Legal & General Investment Management funds will divest from Glencore Plc on concerns about its production of the most polluting fuel.

Investment management giant Legal & General’s ESG (environmental, social and governance) funds, and some of its pension funds, are to divest from Glencore due to concerns over its coal production.

LGIM warns this morning that it believes companies need to do more to play their part in efforts to mitigate climate change risks.

“LGIM remains concerned that Glencore has not disclosed plans for thermal coal production that are aligned with a net zero pathway.”