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.
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.
Industry Benchmark
Lloyds Banking Group Pensions Trustees Limited's score of 41 is higher than 89% 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 Pensions Trustees Limited's reported carbon emissions
In 2023, Lloyds Banking Group Pensions Trustees Limited reported total carbon emissions of approximately 54,700 kg CO2e, comprising 10,200 kg CO2e from Scope 1, 10,800 kg CO2e from Scope 2, and 33,700 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions included a significant contribution of 21,000 kg CO2e from downstream transportation and distribution. Comparatively, in 2022, the total emissions were about 54,300 kg CO2e, with similar distributions across the scopes: 10,200 kg CO2e (Scope 1), 10,800 kg CO2e (Scope 2), and 32,800 kg CO2e (Scope 3). The data indicates a slight increase in total emissions from 2022 to 2023. Lloyds Banking Group Pensions Trustees Limited has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy and goals. Overall, the organisation's emissions data reflects a commitment to transparency, although further action may be necessary to align with industry standards for carbon reduction.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| 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
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 Pensions Trustees Limited is not participating in any 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.
