Lloyds Banking Group

Lloyds Banking Group's Climate Commitments and Emissions Data

Lloyds Banking Group, a UK-based commercial banking institution, is committed to achieving net zero carbon operations by 2030.

In 2025, Lloyds Banking Group reported its Scope 1 emissions at 19,084,000 kg CO2e, Scope 2 (market-based) emissions at 5,000 kg CO2e, and various Scope 3 emissions including capital goods at 76,742,000 kg CO2e, business travel at 18,064,000 kg CO2e, employee commute at 57,393,000 kg CO2e, upstream leased assets at 350,383,000 kg CO2e, waste generated in operations at 136,000 kg CO2e, fuel and energy-related activities at 18,067,000 kg CO2e, and upstream transportation and distribution at 84,784,000 kg CO2e.

The Group has set ambitious reduction targets:

• Net Zero Operations: Achieve net zero carbon operations by 2030 across all scopes.
• Scope 1 and 2 Reductions: Reduce direct (Scope 1 and 2) emissions by at least 90% by 2030, compared to a 2018 baseline. This was an increase from an earlier target of 75%.
• Energy Consumption: Reduce total energy consumption by 50% by 2030, compared to a 2018/19 baseline.
• Commercial Banking Agriculture Portfolio: Reduce absolute emissions in its Commercial Banking agriculture portfolio by 25% between 2021 and 2030.
• Road Passenger Transport: Target a 49% reduction in road passenger transport emissions intensity (gCO2e/pkm) between 2019 and 2030.
• Power Generation: Achieve an 81% reduction in power generation emissions intensity to 53gCO2e/kWh by 2030, from a 2020 baseline.

Historically, Lloyds Banking Group's Scope 1 and 2 emissions (market-based) were 43,037,000 kg CO2e in 2019. The company also previously aimed to reduce overall CO2e by 60% by 2030 and 80% by 2050 from a 2017 baseline for Scope 1 and 2 emissions.