LGIM’s post: “Why we believe successful ESG engagement must be multilateral” explains the bases for its “value chain approach” to engagement on climate and other ESG-related issues to effect positive change in practices globally. For portfolio companies, this may be evidenced in LGIM’s evaluation of risks based on supply chain exposures and push on portfolio companies to effect changes across their supply chains to influence the market as a whole. LGIM’s recent “Active Ownership Report: 2022” (which we reported on here) included supply chain stewardship examples and expectations for portfolio companies.