Legal & General Investment Management Limited

Legal & General Investment Management Limited, a UK-based financial intermediation services company, has reported its carbon emissions and set various climate commitments.

For 2021, Legal & General Investment Management Limited reported Scope 1 emissions of 4,273,000 kg CO2e and Scope 2 emissions (location-based) of 11,558,000 kg CO2e, totalling approximately 15,831,000 kg CO2e for Scope 1 and 2. In 2020, Scope 1 emissions were 4,883,000 kg CO2e and Scope 2 emissions (location-based) were 12,379,000 kg CO2e, for a total of approximately 17,262,000 kg CO2e for Scope 1 and 2. The company does not have disclosed Scope 3 emissions data for these years. While emissions data is not fully disclosed for 2023 and 2024, the company reports a Scope 3 carbon intensity of 47.0 (per m²) for 2023 and 38.0 (per m²) for 2024, alongside a carbon footprint of approximately 9.07e-07 tonnes CO2e per £1 million invested at origination for 2023 and approximately 8.91e-07 tonnes CO2e per £1 million invested at origination for 2024. This emissions data is cascaded from Legal & General Investment Management Limited itself.

Legal & General Investment Management Limited has several climate targets:

• A near-term net-zero commitment for Scope 1 and 2 emissions by 2030, with a 42% absolute reduction target from a 2019 base year.
• A near-term intensity reduction target for Scope 3 emissions, aiming for a 55% reduction in the carbon intensity of occupier energy use across real estate equity assets by 2030, also from a 2019 base year.
• A near-term intensity target to reduce operational carbon and energy intensity of landlord-controlled areas (Scope 1 & 2 emissions) by 60% by 2030, from a 2021 base year. The company also states an intention to establish science-based targets for wider Scope 3 emissions during 2021.
• The company supports a long-term net-zero commitment across all scopes by 2050.