Lloyds Banking Group

Lloyds Banking Group, a Commercial Banking firm headquartered in the UK, is committed to reducing its carbon footprint. In 2025, the company's Scope 1 emissions were 19,084,000 kg CO2e, Scope 2 market-based emissions were 5,000 kg CO2e, and Scope 2 location-based emissions were 41,453,000 kg CO2e. For the same year, key Scope 3 emissions included 76,742,000 kg CO2e from capital goods, 18,064,000 kg CO2e from business travel, 57,393,000 kg CO2e from employee commute, 350,383,000 kg CO2e from upstream leased assets, 136,000 kg CO2e from waste generated in operations, 18,067,000 kg CO2e from fuel and energy-related activities, and 84,784,000 kg CO2e from upstream transportation and distribution.

Lloyds Banking Group has set ambitious net-zero targets for its operations, aiming to achieve net-zero carbon operations by 2030. This includes reducing direct Scope 1 and 2 emissions by at least 90% by 2030, compared to a 2018 baseline. The company also targets a 50% reduction in total energy consumption by 2030 (compared to 2018/19). For its Commercial Banking agriculture portfolio, Lloyds Banking Group aims to reduce absolute Scope 3 emissions by 25% between 2021 and 2030. Furthermore, the company targets a 49% reduction in road passenger transport emissions intensity (gCO2e/pkm) between 2019 and 2030.