Royal London Asset Management

Royal London Asset Management (RLAM) was established in 1988 as a subsidiary of the Royal London Group.  RLAM invests across a broad range of core asset classes including fixed income, equities, multi asset, cash and property, with c. £153 billion assets under management (AUM) (June 2023). It also offers funds that adopt an ethical or sustainable approach. As well as managing Group assets, it provides active investment management services to clients including pension schemes, local authorities and wealth managers.

RLAM Property has an AUM of c. £8 billion, across c. 220 assets  (June 2023), with property assets primarily across the office, retail and industrial sectors. RPI is integral to our mindset and we are committed to the long-term creation of value across our assets. In 2021, RLAM developed its Responsible Property Investment (RPI) strategy which addresses how we embed Environmental, Social & Governance (ESG) across our investment decisions. Integration of ESG factors occurs across the entire property lifecycle, from acquisitions, to developments, to asset and property management, with the aim of maximising environmental and social impact of our property assets. Our RPI strategy includes our RPI strategic framework which focuses on four key pillars:

1. Investing in a resilient portfolio
2. Developing for the future
3. Managing assets for positive impact
4. Responsible decision making

Ten material ESG issues form the foundation of our strategic framework, including Transition to Net Zero Carbon; Climate Resilience, Adaptation & Risk Mitigation; Biodiversity & Green Infrastructure; and Purposeful Construction & Placemaking. These material topics shape our programme of works to better embed RPI across our standing assets and our developments, as well as across our asset managers, development managers and external property managers. Since the launch of our RPI strategy, we have been active in delivering against this framework. 

Key Facts 

• Targeting net zero carbon across directly managed property assets and developments by 2030, and across indirectly managed property assets by 2040.
• Achieved one 4-star and two 3-star ratings in the 2022 GRESB assessment.
• Awarded a 5-star rating in the real estate module in the UN Principles for Responsible Investment 2021 assessment.

Publications

• NZC Pathway
• RPI Strategy