Lloyds Banking Group

Lloyds Banking Group, a Commercial Banking institution headquartered in GB, reported total carbon emissions of approximately 112,750,000 kg CO2e in 2025. This includes 19,084,000 kg CO2e from Scope 1 emissions, 5,000 kg CO2e from Scope 2 market-based emissions, and 93,660,000 kg CO2e from Scope 3 emissions.

In 2024, the Group's total emissions were approximately 123,449,000 kg CO2e, with Scope 1 at 20,040,000 kg CO2e, Scope 2 market-based at 4,000 kg CO2e, and Scope 3 at 103,405,000 kg CO2e. Looking back to 2023, total emissions were about 122,616,000 kg CO2e, comprising 21,740,000 kg CO2e from Scope 1, 11,000 kg CO2e from Scope 2 market-based, and 100,865,000 kg CO2e from Scope 3.

Lloyds Banking Group has set ambitious climate commitments. The company aims to achieve net zero carbon operations by 2030, based on a 2018/19 baseline, covering Scope 1 and 2 emissions. This includes an increased target to reduce operational Scope 1 and 2 carbon emissions by at least 90% by 2030, from an earlier target of 75%. Furthermore, the Group plans to reduce its supply chain emissions (Scope 3) by 50% by 2030, with an overarching ambition to reach net zero by 2050 or sooner for all scopes. Earlier targets included reducing overall CO2e emissions by 60% by 2030 and 80% by 2050, compared to a 2009 baseline. The Group also set a target to reduce operational waste by 70% by 2020 and 80% by 2025, compared to 2014/15.