Young people have been disproportionately affected by the Covid-19 pandemic, not in terms of medical outcomes but from an economic and social perspective. This is why we are supporting younger people as part of our inclusive capitalism strategy, through which we aim to tackle some of society’s most pressing challenges.
Inclusive capitalism means growing our business while providing benefits to society through our socially responsible investing approach. This involves investing in infrastructure and technology like wind farms, housing and urban regeneration. And during the pandemic it has also meant supporting communities as they struggle with the impact of Covid-19.
Many aspects of the pandemic have impacted young people, from the mental and emotional strain of lockdowns to the disruption to their education. It has affected their careers and social lives while those living in multi-occupancy households have found working from home more difficult than those with a designated office or spare room.
"Young people, including people who work at Legal & General, have seen their sense of agency eroded, and anything we can do to restore a sense of control is really critical," says Head of Employee Engagement Jack Roper. "It’s a perfect example of inclusive capitalism in action, because it is about empowering people to survive, thrive and progress their life within the system we've got by making that system better."
Here are just a few ways in which we support younger generations in order to see a social return on our investments.