Driving Change: How we supported our social purpose in 2021
Every day at LGM, we are driven by our social purpose, “To Accelerate Responsible Mobility for All”. Here are some of the ways that LGM supported our social purpose in 2021:
ESG investment model
In 2021, we exceed our initial target of fifty percent by investing 66% of our reserve investments in an Environmental, Social, and Corporate Governance (ESG) investment model. To do this, we ensured that our external investment managers have incorporated ESG factors directly into their investment decision making process and have established ESG policies. We plan to continue to evolve our ESG investment strategy over time by looking at additional metrics we can use to monitor our ESG exposure and by establishing a Responsible Investing Policy to ensure our investment managers incorporate ESG factors in the management of our investments.
Mandatory electronic dealer agreements
This year, we also introduced mandatory electronic dealer agreements to our partners. This allowed us to help streamline the agreement signing process for various stakeholders and enabled us to work more efficiently. As a result, we were able to provide a quicker turnaround time to dealers for authorizing a product and more opportunities to drive sales.
As an organization, we made several donations to well-deserving causes over the last year. Here are the causes that we donated to in 2021:
- Covid response appeal in India – $10,000 donation
- BC Wildfire appeal – $5,000 donation
- BC flood and extreme weather appeal – $10,000 donation
- Downtown Eastside Women’s Centre (DEWC) — As part of LGM’s corporate matching program, which supports grassroots giving back initiatives of LGM employees, LGM matched money raised to assemble “comfort kits” for the DEWC, which resulted in $820 in matching funds.
- The Salvation Army – $900 on behalf of our 12 OEM partners
We are so proud of everyone for finding ways to give back to their communities even during these challenging times. In 2021, LGM employees gave back 2899.8 hours of their time to a variety of worthy causes.
Smart business cards
This year, LGM introduced electronic business cards that use NFC technology. Driven by the desire to become a paperless organization, these digital cards have allowed for a more contactless experience.
As we start a new year, we look forward to tackling countless more impact initiatives on our journey toward a sustainable future.