Legal & General Investment Management Limited

Legal & General Investment Management Limited (LGIM), a UK-based financial intermediation services company, has reported Scope 1 and 2 emissions data.

For 2021, LGIM reported Scope 1 emissions of approximately 4,273,000 kg CO2e and Scope 2 (location-based) emissions of approximately 11,558,000 kg CO2e. Their combined Scope 1 and 2 emissions for 2021 were about 15,830,000 kg CO2e. This represents a reduction from 2020, where Scope 1 emissions were about 4,883,000 kg CO2e and Scope 2 (location-based) emissions were approximately 12,379,000 kg CO2e, totalling around 17,261,000 kg CO2e for Scope 1 and 2. Emissions data for 2024 and 2023 do not include disclosed Scope 1, 2, or 3 totals.

LGIM has set several climate commitments. They aim for a 42% reduction in their absolute Scope 1 and 2 greenhouse gas emissions by 2030, using a 2019 base year. Additionally, they target a 55% reduction in the carbon intensity of occupier energy use across their real estate equity assets by 2030, also from a 2019 base year. For landlord-controlled areas (Scope 1 & 2 emissions), LGIM plans to reduce operational carbon and energy intensity by 60% by 2030, with a 2021 base year. They also state that all new homes will be capable of operating at net-zero carbon.

Furthermore, LGIM is engaging with Aberystwyth University on its commitment to achieving net-zero carbon for Scope 1 and Scope 2 by 2030. They are also involved with Phoenix, a housing association aiming for net-zero carbon across all scopes by 2050. LGIM intends to establish science-based targets for its wider Scope 3 emissions during 2021.