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 91 is higher than 95% 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 53,600 kg CO2e, and significant Scope 3 emissions of around 560,506,000 kg CO2e. The Scope 3 emissions are primarily driven by purchased goods and services, which account for about 404,247,000 kg CO2e. Lloyds Banking Group has set ambitious climate commitments, aiming for net zero carbon operations by 2030. This includes a target to reduce direct emissions (Scope 1 and 2) by at least 90% from 2018 levels. The group also plans to cut energy consumption across its operations by 50% and limit travel-related carbon emissions by 50% compared to a pre-COVID-19 baseline. In addition, the bank has established a target to reduce absolute emissions in its Commercial Banking agriculture portfolio by 25% between 2021 and 2030, from 6.7 million tonnes CO2e to 5.0 million tonnes CO2e. These commitments reflect Lloyds Banking Group's proactive approach to addressing climate change and its alignment with industry standards for sustainability.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 52,438,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 205,127,000 | 000,000,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000 | 00,000 | 0,000 |
| Scope 3 | 86,752,000 | 00,000,000 | 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.
