Levelling up and building a better and fairer society for all
Legal & General describes its ethos as ‘inclusive capitalism’ – a recognition that the benefits of economic growth must be shared by all. Through our strategies, we target investments that address societal and environmental needs, whilst securing lasting value for society.
Health is a critical factor in driving societal and economic wellbeing and has a vital role to play as we work to help the UK ’level up’. Work to date has examined how government and the NHS can reduce health inequity, but until now no-one has really considered the role that business can play.
We aim to change that by playing a leading role in a new mission to help business use its scale and influence to tackle the injustice of health inequity across the UK, partnering with Professor Sir Michael Marmot at University College London; a world expert on health inequity.
Sir Michael’s research has shown that the key drivers of health inequality aren’t the things you might find in hospitals or GP surgeries. They are the conditions in which people grow, live, work and age – known as the social determinants of health. But not everyone has the same opportunities to lead a healthy life. Health inequity is the idea that there are unfair, unjust, and biologically avoidable differences in health outcomes between different population groups. These are typically the result of systems that negatively affect people’s living conditions.
of all deaths globally are caused by unhealthy environments
1 in 8 workers
do more than 48 hours work per week in the UK, and excessive working hours are linked to premature deaths
of disposable income would need to be spent by deprived decile households to afford the NHS Eatwell plate
Led by the internationally renowned epidemiologist Professor Sir Michael Marmot, the UCL Institute of Health Equity has led major reviews across the world, influenced action by governments and international organisation, and led the social determinants and health equity movement.
This latest Marmot review, funded by Legal & General, sets out three ways that business can improve people’s lives by reducing health inequality.
Promote the health of employees through pay and benefits, hours and job security and conditions of work.
Products and services
Support the health of clients, customers and shareholders through products and services they provide and investments they make.
Influence the health of individuals in the communities through investment influence, procurement, and supply networks.
To make a meaningful impact, we need to understand the challenges faced across the country. We have established a UK wide place-based network and are inviting businesses and the public sector to join. Click the button below to register your interest and find out more.
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if you would like to discuss further