Legal and General's Climate Change Impact: F
Legal and General currently does not power their corporate building using 100% green renewable energy. This means the electricity used contains a mix of electricity generated by non-renewable means. This may include fossil fuels, such as coal. Today there are many different electricity providers offering green generated renewable electricity.
Becoming carbon-free is one of many ways to become an eco company.
If Legal and General was to become a carbon-negative company will not only cover its outgoing carbon dioxide production, but remove more than its total output.
It is estimated that globally we are required to invest around USD 60 trillion to decarbonise. If every company, including Legal and General was able to fund (in part) something towards climate change as we must reduce greenhouse gas (GHG) emissions worldwide.
Legal and General has not committed to using 100% green renewable energy.
Legal and General has pledged to be a carbon neutral company by 2050. Publically stating you are a carbon neutral company, which is a great step towards a positive climate action approach, is what every company should strive for way beyond the Paris Agreement's 2050 deadline.
What do we know about Legal and General's stance on tackling climate change?
Sadly, we do not know a lot about what Legal and General is doing when it comes to climate change. A combination of either providing little to no climate action goals or have provided information but have not specified when they will achieve such goals.
What business sectors are Legal and General in?
Compare other companies in the same sector: FTSEFinancial