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Lloyds Banking Group, a prominent player in the commercial banking sector, is headquartered in Great Britain. Established in 1765, the group has evolved significantly, marking key milestones such as the acquisition of HBOS in 2009, which solidified its position in the UK banking landscape.
The bank operates primarily in the UK, offering a diverse range of financial services, including personal and business banking, insurance, and investment solutions. Lloyds is renowned for its customer-centric approach, providing tailored products like the Lloyds Bank Current Account and various mortgage options that cater to individual needs.
With a strong market presence, Lloyds Banking Group consistently ranks among the top financial institutions in the UK, recognised for its commitment to innovation and sustainability in banking practices.
90
DitchCarbon score
+33 vs industry average
Lloyds Banking Group’s score of 90 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Low
Commercial Banking has below-average carbon intensity
Industry performance
0.108
20182025
The Commercial Banking industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Lloyds Banking Group's reported carbon emissions
Lloyds Banking Group plc, headquartered in GB and operating in the Commercial Banking sector, has demonstrated a commitment to reducing its environmental impact. The company's latest reported emissions data is for 2025, with total emissions (Scope 1, 2, and 3) amounting to approximately 130.2 billion kg CO2e.
For the reporting year 2025, Scope 1 emissions were approximately 19.1 million kg CO2e, and Scope 2 emissions (market-based) were approximately 5,000 kg CO2e. Scope 3 emissions for 2025 were significantly higher, with upstream leased assets contributing about 350.4 million kg CO2e, employee commute around 57.4 million kg CO2e, and capital goods approximately 76.7 million kg CO2e.
Looking at previous years, total emissions in 2024 were approximately 132.2 billion kg CO2e, and in 2023, they were approximately 130.9 billion kg CO2e.
Lloyds Banking Group has set ambitious climate targets. The group aims for net zero carbon operations by 2030. A key target is to reduce direct emissions (Scope 1 and 2) by at least 75% compared to 2018/19 levels, with a more recent aim to increase this reduction to at least 90% by 2030 from a 2018 baseline. Furthermore, the group is working towards reducing its total energy consumption by 50% by 2030, compared to 2018/19 levels.
In addition to operational emissions, the bank is also focused on reducing the carbon intensity of its portfolio. It aims to reduce the carbon intensity of its whole portfolio by 50% by 2030 and achieve net zero by 2050. For the Commercial Banking agriculture portfolio, a specific target has been set to reduce absolute emissions by 25% between 2021 and 2030.
The company has also established targets for specific emission categories, such as an 81% reduction in power generation emissions intensity (gCO2e/kWh) by 2030 and a 49% reduction in road passenger transport emissions intensity (gCO2e/pkm) between 2019 and 2030.
Lloyds Banking Group's climate commitments and emissions data are self-reported and not cascaded from a parent organisation.
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Lloyds Banking Group’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
2020 targetSee details
Active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Lloyds Banking Group3 months ago
90
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