Lloyds Banking Group

Lloyds Banking Group reported its Scope 1 emissions as 19,084,000 kg CO2e in 2025. Its Scope 2 emissions (market-based) for the same year were 5,000 kg CO2e, and Scope 2 emissions (location-based) were 41,453,000 kg CO2e. For Scope 3 emissions in 2025, specific categories included 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. There was no calculated total emissions data available for 2025.

Lloyds Banking Group has several climate commitments. The company aims to achieve net-zero carbon operations by 2030 across all scopes. They plan to reduce their direct Scope 1 and 2 emissions by at least 90% by 2030, compared to a 2018/2019 baseline. Furthermore, they are targeting a 50% reduction in absolute building energy consumption by 2030 from a 2018/2019 baseline. For their Commercial Banking agriculture portfolio, Lloyds Banking Group aims to reduce absolute Scope 3 emissions by 25% between 2021 and 2030. They also have an intensity target for power generation, aiming for an 81% reduction in emissions intensity to 53gCO2e/kWh by 2030 from a 2020 baseline, and a 49% reduction in road passenger transport emissions intensity (gCO2e/pkm) between 2019 and 2030.