Legal & General sustainability score: 46/100

Legal & General reports 30% operational GHG reduction (Scope 1 and 2, location-based) from 2021 baseline to 2024, verified by Deloitte, under GHG Protocol methodology. SBTi-validated target covers offices and directly controlled utilities. Excludes substantial managed real estate Scope 1 and 2 not under direct utility control, capping disclosure completeness.

68% of suppliers by spend hold science-based carbon targets as of 2024. Scope 3 Category 1 science-based target set by end 2023. Investment portfolio tracked via intensity metric only (56 tCO2e/£m in 2023, down from 62 in 2022), not absolute financed tonnes. No absolute Scope 3 financed emissions disclosed. Business travel expected to rise in 2024.

Operational emissions show genuine 29-30% absolute reduction by 2030 target (42% SBTi-validated). Investment portfolio carbon footprint reduction stems from portfolio reweighting toward tech, away from energy—not real-world decarbonisation of investee companies. Company discloses expected increase in absolute business travel emissions with growth.

86% of electricity from renewable sources in 2024, up from 82% in 2023. On track to reach 100% renewable electricity by end 2025. Method of procurement (PPAs, on-site, or unbundled certificates) not confirmed, preventing higher score. No RE100 membership identified.

2023 Climate and Nature Report includes TNFD-aligned summary disclosure. LGIM identified 119 companies for vote sanctions in 2024 for deforestation non-compliance. Discloses nature-dependent sector exposure. No quantified biodiversity impact metrics for own operations or full investment portfolio disclosed.

Commits to 'sustainable procurement principles' and 68% of suppliers by spend hold science-based targets. No published waste diversion rates, circular economy commitments, or verified recycling data identified. As primarily office-based financial services, material footprint is inherently limited.

No water consumption, footprint assessment, or stewardship programme identified across Climate and Nature Reports or ESG disclosures. Primarily office-based financial services with low intrinsic water risk. Absence of any published water metrics prevents higher score.

SBTi-validated 42% absolute Scope 1 and 2 reduction by 2030 from 2021 baseline. Scope 3 Category 1 target set by end 2023. Investment portfolio target is intensity-based (50% GHG intensity reduction by 2030 from 2019 baseline), not absolute—critical weakness given financed emissions dominate real-world impact. Climate Transition Plan received 97% shareholder approval in 2023.

Publishes annual Climate and Nature Report (2024), Annual Report and Accounts, Social Impact Report with Deloitte limited assurance on GHG. Group Climate Director named publicly. TCFD and shareholder governance via 97% CTP vote approval. Deduction: discloses only partial industry association memberships, excluding UK Finance and TheCityUK, reducing lobbying transparency.

InfluenceMap notes constructive climate lobbying position (supporting 1.5°C, ISSB/TCFD, opposing fossil-fuel-prolonging investments). No upheld regulatory greenwashing actions. 2025 investigation found LGIM's 'Europe Climate Pathway' fund held $88m in Shell, BP, TotalEnergies—LGIM declined comment. Partial association disclosure deducted. Net: credible fund labelling concern.