Legal & General Investment Management Limited
Legal & General Investment Management Limited (LGIM), headquartered in Great Britain, is a leading player in the investment management industry. Founded in 1836, LGIM has established itself as a trusted provider of investment solutions, serving clients across Europe, North America, and Asia. The firm offers a diverse range of core products and services, including active and passive investment strategies, fixed income, and real estate investments. What sets LGIM apart is its commitment to responsible investing and innovative solutions tailored to meet the evolving needs of its clients. With a strong market position, LGIM manages assets worth over £1 trillion, making it one of the largest investment managers in the UK. The company is recognised for its expertise in sustainable investment, reflecting its dedication to integrating environmental, social, and governance (ESG) factors into its investment processes.
DitchCarbon Score
How does Legal & General Investment Management Limited'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 Financial Intermediation 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 & General Investment Management Limited's score of 38 is higher than 88% 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 & General Investment Management Limited's reported carbon emissions
In 2023, Legal & General Investment Management Limited (LGIM) reported total carbon emissions of approximately 335,069,000 kg CO2e, with emissions distributed across various scopes: 3,350,000 kg CO2e for Scope 1, 9,737,000 kg CO2e for Scope 2, and a significant 335,069,000 kg CO2e for Scope 3. The combined total for Scope 1 and Scope 2 emissions was about 13,130,000 kg CO2e. Over the previous years, LGIM has shown a trend in its emissions data. In 2022, the company recorded approximately 4,570,000 kg CO2e for Scope 1 and 11,723,000 kg CO2e for Scope 2, leading to a total of about 16,292,000 kg CO2e for Scope 1 and 2 combined. In 2021, emissions were slightly lower, with Scope 1 at approximately 4,273,000 kg CO2e and Scope 2 at 11,558,000 kg CO2e, resulting in a total of about 15,830,000 kg CO2e. The 2020 figures were similar, with Scope 1 emissions at approximately 4,883,000 kg CO2e and Scope 2 at 12,379,000 kg CO2e, totalling around 17,261,000 kg CO2e. Despite these figures, LGIM has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction targets suggests that while the company is aware of its emissions, it may not have formalised commitments to reduce them in line with industry standards or frameworks such as the Science Based Targets initiative (SBTi). Overall, LGIM's emissions data highlights the significant impact of Scope 3 emissions, which constitute the majority of their carbon footprint, indicating a need for comprehensive strategies to address these emissions in future climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 4,883,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 12,379,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Legal & General Investment Management Limited is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
