Lloyds Banking Group
Lloyds Banking Group, a prominent financial services organisation headquartered in Great Britain, has been a cornerstone of the UK banking industry since its founding in 1765. With a strong presence across England, Scotland, and Wales, the group operates through various well-known brands, including Lloyds Bank, Halifax, and Bank of Scotland. Specialising in retail and commercial banking, Lloyds Banking Group offers a diverse range of products and services, such as personal and business banking, insurance, and investment solutions. Its commitment to customer service and innovation has positioned it as a leader in the market, with notable achievements including a significant role in the UK’s economic recovery post-2008 financial crisis. With a focus on digital transformation, Lloyds continues to enhance its offerings, ensuring it meets the evolving needs of its customers.
DitchCarbon Score
How does Lloyds Banking Group'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 Banking Group's score of 86 is higher than 100% 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 Banking Group's reported carbon emissions
In 2024, Lloyds Banking Group reported total carbon emissions of approximately 123,960,000 kg CO2e. This includes Scope 1 emissions of about 20,441,000 kg CO2e, Scope 2 emissions of approximately 536,000 kg CO2e, and significant Scope 3 emissions totalling around 103,515,000 kg CO2e. The group's emissions from capital goods alone accounted for about 100,065,000 kg CO2e, highlighting the substantial impact of their supply chain. Lloyds Banking Group has set ambitious climate commitments, aiming to reduce the carbon intensity of its entire portfolio by 50% by 2030, with a net zero target set for 2050. This commitment is based on a 2018 baseline and covers both Scope 1 and 2 emissions. Additionally, the group has increased its operational emissions reduction target from 75% to at least 90% by 2030. In terms of specific initiatives, Lloyds aims to achieve net zero carbon operations by 2030, with a focus on reducing direct carbon emissions by at least 90% across both Scope 1 and 2. Furthermore, they have established a target to reduce absolute emissions from their Commercial Banking agriculture portfolio by 25% between 2021 and 2030. Overall, Lloyds Banking Group is actively working towards significant emissions reductions and has laid out a clear roadmap to achieve its climate goals, reflecting a strong commitment to sustainability and environmental responsibility.
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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 |
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.
Lloyds Banking Group is participating in some 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.
