Legal & General Investment Management Limited

Legal & General Investment Management Limited's reported carbon emissions

**Legal & General Investment Management Limited (LGIM): Carbon Emissions and Climate Commitments** In **2021**, Legal & General Investment Management Limited (LGIM), headquartered in GB and operating within financial intermediation services, reported Scope 1 emissions of approximately **4,273,000 kg CO2e** and Scope 2 emissions (location-based) of approximately **11,558,000 kg CO2e**. This resulted in a combined Scope 1 and 2 total of approximately **15,830,000 kg CO2e**. For the same year, LGIM's revenue was approximately **$618.7 million USD**. While specific absolute emissions data for **2023** and **2024** are not available, LGIM's reporting for these years includes carbon intensity metrics. In **2024**, the company reported a Scope 3 carbon intensity of 47.0 kg CO2e per square metre. Additionally, for its real estate equity assets, a carbon footprint of approximately 9.07 x 10⁻⁷ tCO2e per £1 million invested at origination was reported. For **2023**, the Scope 3 carbon intensity was reported as 38.0 kg CO2e per square metre, with a carbon footprint of approximately 8.91 x 10⁻⁷ tCO2e per £1 million invested at origination for real estate equity assets. **Climate Commitments and Reduction Initiatives:** LGIM has set several ambitious reduction targets. It aims for a **42% reduction in absolute Scope 1 and 2 GHG emissions by 2030**, based on a 2019 baseline year. Concurrently, LGIM is committed to a **55% reduction in the carbon intensity of occupier energy use** across its real estate equity assets by the same year. Furthermore, the company pledges that **all new homes it develops will be capable of operating at net-zero carbon**. LGIM also aims to reduce the operational carbon and energy intensity of its landlord-controlled areas (Scope 1 & 2 emissions) by **60% by 2030**. Science-based targets for wider Scope 3 emissions were planned to be established during 2021. In a broader commitment, an entity within LGIM's corporate family, Phoenix, has a sustainability strategy underpinned by a commitment to achieving net-zero carbon by **2050**. It is important to note that LGIM's emissions data and reduction targets are cascaded from Legal & General Investment Management Limited, indicating that the company is a current subsidiary.