Legal And General Sustainability Profile
Legal & General Group Plc, commonly referred to as Legal & General, is a prominent financial services company headquartered in Great Britain. Established in 1836, it has evolved into a leading player in the insurance and investment sectors, with significant operations across the UK, the United States, and Europe. The company offers a diverse range of products, including life insurance, pensions, and investment management services, distinguished by their commitment to innovation and customer-centric solutions. Legal & General is recognised for its strong market position, consistently ranking among the top providers in the UK insurance market. With a rich history of milestones, including pioneering initiatives in sustainable investment, Legal & General continues to shape the financial landscape while prioritising long-term value for its clients.
DitchCarbon Score
How does Legal And General's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Legal And General's score of 81 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Legal And General's reported carbon emissions
In 2024, Legal & General reported total carbon emissions of approximately 27,418,000 kg CO2e, which includes 8,983,000 kg CO2e from Scope 1 and 12,640,000 kg CO2e from Scope 2 (market-based). The company also disclosed significant Scope 3 emissions, including 4,900,000,000 kg CO2e from investments and 7,799,000 kg CO2e from business travel. Legal & General is committed to achieving net zero emissions by 2050, with an interim target of a 42% absolute reduction in Scope 1 and 2 emissions by 2030, based on a 2021 baseline. This commitment is part of their broader strategy to address climate change, which they consider one of their six strategic growth drivers. Additionally, they aim for 70% of eligible assets under management to align with their net-zero ambition by 2030. The company has made strides in its climate commitments, including a near-term goal for its housing businesses to deliver new homes that operate at net-zero carbon emissions by 2030. Legal & General's emissions data is sourced directly from the Legal & General Group Plc, ensuring transparency and accountability in their climate reporting.
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| 2013 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,018,000 | 0,000,000 | 0,000,000 | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 28,517,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 4,885,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Legal And General's Industry?
How Carbon Intensive is Legal And General's Location?
Legal And General's Scope 3 Categories Breakdown
Legal And General's Scope 3 emissions, which decreased by 3% last year and increased significantly since 2013, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 95% of Scope 3 emissions.
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Legal And General's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Legal And General has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
