Legal & General Group PLC

Common Name
Legal & General Group
Country
United Kingdom
Sector
Financial Services
Industry
Asset Management
Employees
10,799
Ticker
LGEN
Exchange
LONDON STOCK EXCHANGE
Description
Legal & General Group Plc is a prominent British multinational financial services company. The primary function of this entity is to provide life insurance, investment management, and pension services...

Legal & General Group's GHG Emissions Data Preview

In 2024, Legal & General Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Legal & General Group has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Legal & General Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Legal & General Group amounted to 27,418 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Legal & General Group decreased by 1.1%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Legal & General Group's Scope 1 Emissions Over Time

201820192020202120222023202404 k8 k12 k16 ktCO2e+22%-19%+11%-9%-19%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Legal & General Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Legal & General Group were 9,665 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Legal & General Group reduced its Scope 1 emissions over time?

Since 2018, Legal & General Group's Scope 1 emissions have decreased by 22.35%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Legal & General Group's Scope 1 emissions decreased by 4.85%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Legal & General Group's Scope 2 emissions?

In 2024, Legal & General Group reported Scope 2 greenhouse gas (GHG) emissions of 3,652 tCOâ‚‚e using the market-based method, and 17,753 tCOâ‚‚e using the location-based method.

Has Legal & General Group reduced its Scope 2 emissions over time?

Since 2018, Legal & General Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 38.74%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2023), Legal & General Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Legal & General Group 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Legal & General Group use for Scope 2 reporting?

In 2024, Legal & General Group reported its Scope 2 emissions using the market-based method and using the location-based method.

Legal & General Group's Scope 2 Emissions Over Time

201820192020202120222023202407.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Legal & General Group's Value Chain Emissions

In 2024, Legal & General Group reported 5,179,143 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Legal & General Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Legal & General Group's Scope 3 Emissions Over Time

201820192020202120222023202402.5 M5 M7.5 M10 MtCO2e+2%+111018%-7%-25%-9%-3%
  • Total Scope 3
  • Year-over-Year Change

What are Legal & General Group's Scope 3 emissions?

In 2024, Legal & General Group reported total Scope 3 emissions of 5,179,143 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0.37% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.63% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Legal & General Group reduced its Scope 3 emissions over time?

Since 2018, Legal & General Group's Scope 3 emissions have increased by 70,692%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Legal & General Group's Scope 3 emissions remained relatively stable, indicating that Legal & General Group 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Legal & General Group disclose?

In 2024, Legal & General Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Legal & General Group's Scope 3 emissions?

In 2024, the largest contributors to Legal & General Group's Scope 3 emissions were:

  • Investments (Cat. 15): 4,900,000 tCOâ‚‚e (94.61%)
  • Downstream Leased Assets (Cat. 13): 260,000 tCOâ‚‚e (5.02%)
  • Business Travel (Cat. 6): 7,799 tCOâ‚‚e (0.15%)

Legal & General Group's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(5.0%)Investments(Cat. 15)(94.6%)

Insights into Legal & General Group's Total Carbon Footprint

In 2024, Legal & General Group reported a total carbon footprint of 5,206,561 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.65% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Legal & General Group's total carbon footprint was Scope 3 emissions, accounting for 99.47% of the company's total carbon footprint, followed by Scope 2 emissions at 0.34%.

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