Legal And General

Legal & General, headquartered in GB and operating within the insurance and pension funding services industry, has set significant climate commitments. For 2025, the company reported total emissions of approximately 5.72 billion kg CO2e, with Scope 1 emissions totalling about 5.4 million kg CO2e and Scope 2 emissions, using the location-based method, reaching approximately 14.52 million kg CO2e. Scope 3 emissions for the same year were substantial, estimated at about 5.71 billion kg CO2e, with investments accounting for the vast majority at approximately 5.49 billion kg CO2e.

Looking at previous years, in 2024, Legal & General's total emissions were approximately 2.74 billion kg CO2e, comprising Scope 1 at about 9.67 million kg CO2e and Scope 2 (location-based) at approximately 17.75 million kg CO2e. Scope 3 emissions in 2024 were around 3.32 million kg CO2e. The company's total emissions in 2023 were approximately 2.77 billion kg CO2e, including Scope 1 emissions of roughly 10.16 million kg CO2e and Scope 2 (location-based) emissions of about 17.56 million kg CO2e. Scope 3 emissions in 2023 were substantial, with investments alone contributing approximately 5 billion kg CO2e.

Legal & General is committed to achieving net-zero emissions by 2050. As part of its near-term strategy, the company aims to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, using 2021 as the baseline year. Additionally, by 2030, all new homes delivered by its housing businesses will be enabled to operate at net-zero carbon. The company also commits to ensuring that 80% of its suppliers, by spend, will have set a science-based carbon reduction target by the end of 2026. Furthermore, from 2030, its operational footprint, including occupied offices and business travel, is targeted to operate with net-zero carbon emissions. For real estate direct shareholder-owned investments, Legal & General commits to reducing emissions intensity by 58% per square metre by 2030 from a 2019 base year. The company also aims to align its portfolio temperature scores for listed equity, corporate bonds, and corporate loans, with the Scope 1+2 portfolio temperature score moving from 2.4°C in 2021 to 2.1°C by 2026, and the Scope 1+2+3 score from 2.9°C to 2.5°C by 2026.