Public Profile

Lloyds Banking Group Pensions Trustees Limited

Lloyds Banking Group Pensions Trustees Limited, often referred to as Lloyds Pensions, is a prominent player in the UK pensions industry, headquartered in Great Britain. Established as part of Lloyds Banking Group, the company has evolved to manage a diverse range of pension schemes, ensuring financial security for its members. With a focus on delivering robust pension solutions, Lloyds Pensions offers services that include scheme administration, investment management, and risk management. Their commitment to transparency and member engagement sets them apart in a competitive market. Over the years, the company has achieved significant milestones, reinforcing its position as a trusted trustee in the pensions sector. Lloyds Pensions is recognised for its strong governance practices and innovative approach, making it a key contributor to the financial well-being of its beneficiaries across the UK.

DitchCarbon Score

How does Lloyds Banking Group Pensions Trustees Limited'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.

33

Industry Average

Mean score of companies in the Insurance Services 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.

26

Industry Benchmark

Lloyds Banking Group Pensions Trustees Limited's score of 33 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

84%

Lloyds Banking Group Pensions Trustees Limited's reported carbon emissions

In 2023, Lloyds Banking Group Pensions Trustees Limited reported total carbon emissions of approximately 10200 kg CO2e for Scope 1, 10800 kg CO2e for Scope 2, and 33700 kg CO2e for Scope 3 emissions, which includes about 21000 kg CO2e from downstream transportation and distribution. The total emissions for Scope 1 and 2 combined reached approximately 163553000 kg CO2e. Over the years, the company has shown a commitment to monitoring and reporting its carbon footprint, with emissions data disclosed for multiple years. In 2022, the emissions were approximately 10200 kg CO2e for Scope 1, 10800 kg CO2e for Scope 2, and 32800 kg CO2e for Scope 3. This indicates a slight increase in Scope 3 emissions from 2022 to 2023. Despite the detailed emissions reporting, there are currently no specified reduction targets or climate pledges in place. The company continues to engage in industry-standard practices for climate disclosures, reflecting a commitment to transparency in its environmental impact.

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20192020202120222023
Scope 1
11,000
0,000
0,000
00,000
00,000
Scope 2
12,500
00,000
00,000
00,000
00,000
Scope 3
35,700
00,000
00,000
00,000
00,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Lloyds Banking Group Pensions Trustees Limited's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Lloyds Banking Group Pensions Trustees Limited is headquartered in GB, which has a rank of low, indicating low grid carbon 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 Pensions Trustees Limited is not committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero

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