Lloyds Bank plc Sustainability Profile
Lloyds Bank plc, commonly referred to as Lloyds, is a prominent financial institution headquartered in Great Britain. Established in 1765, it has evolved into one of the UK's leading banks, serving millions of customers across various regions, including England, Scotland, and Wales. Operating primarily in the banking and financial services industry, Lloyds Bank offers a comprehensive range of products, including personal and business banking, mortgages, and insurance. Its commitment to customer service and innovative digital solutions sets it apart in a competitive market. With a strong market position, Lloyds Bank has achieved significant milestones, including its role in the Lloyds Banking Group, which emerged from the merger with HBOS in 2009. This strategic move has solidified its reputation as a trusted provider of financial services in the UK.
DitchCarbon Score
How does Lloyds Bank plc'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
Lloyds Bank plc's score of 68 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lloyds Bank plc, headquartered in Great Britain, currently does not have specific carbon emissions data available for the most recent year. The bank is a current subsidiary of Lloyds Banking Group plc, which may influence its climate commitments and emissions reporting. While there are no documented reduction targets or specific emissions figures, Lloyds Bank plc is part of a broader corporate family that engages in various climate initiatives. The emissions data and performance metrics are cascaded from Lloyds Banking Group plc, which is actively involved in sustainability efforts, including participation in the CDP and RE100 initiatives. These initiatives focus on transparency in environmental impact and commitment to renewable energy, respectively. As of now, Lloyds Bank plc has not publicly committed to specific science-based targets (SBTi) or other formal reduction initiatives. The absence of detailed emissions data suggests that the bank may still be in the process of establishing its own climate strategy or reporting framework.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 52,192,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 178,628,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000 | 00,000 | 0,000 |
| Scope 3 | 72,984,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Lloyds Bank plc's Industry?
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Lloyds Bank plc's Scope 3 Categories Breakdown
Lloyds Bank plc's Scope 3 emissions, which decreased by 9% last year and increased by approximately 810% since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 61% of Scope 3 emissions.
Top Scope 3 Categories
Lloyds Bank plc's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lloyds Bank plc has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
