Lloyds Banking Group
Lloyds Banking Group, a prominent financial services organisation headquartered in Great Britain, has been a cornerstone of the UK banking industry since its founding in 1765. With a strong presence across England, Scotland, and Wales, the group operates through various well-known brands, including Lloyds Bank, Halifax, and Bank of Scotland. Specialising in retail and commercial banking, Lloyds Banking Group offers a diverse range of products and services, such as personal and business banking, insurance, and investment solutions. Its commitment to customer service and innovation has positioned it as a leader in the market, with notable achievements including a significant role in the UK’s economic recovery post-2008 financial crisis. With a focus on digital transformation, Lloyds continues to enhance its offerings, ensuring it meets the evolving needs of its customers.
DitchCarbon Score
How does Lloyds Banking Group'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 Financial Intermediation 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's score of 91 is higher than 95% 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's reported carbon emissions
In 2024, Lloyds Banking Group reported total carbon emissions of approximately 20,262,000 kg CO2e for Scope 1 and 2 combined, with Scope 2 emissions alone at about 4,000 kg CO2e. The previous year, 2023, the group recorded total emissions of about 21,528,000 kg CO2e for Scope 1 and 2, with Scope 2 emissions at approximately 11,000 kg CO2e. This indicates a commitment to reducing emissions, particularly in Scope 1 and 2, where they aim for a reduction of at least 90% by 2030 from a 2018 baseline. Lloyds Banking Group has set ambitious climate commitments, including achieving net zero carbon operations by 2030. This target encompasses all scopes of emissions, with specific goals to reduce direct emissions (Scope 1 and 2) by at least 75% compared to 2018/19 levels. Additionally, they plan to cut energy consumption across operations by 50% and limit travel-related carbon emissions by 50% compared to pre-COVID-19 levels. The group also aims to reduce the carbon intensity of its entire portfolio by 50% by 2030, with a long-term goal of achieving net zero by 2050. These initiatives reflect a robust approach to sustainability and climate action, aligning with industry standards and expectations for corporate responsibility in addressing climate change.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 52,438,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 205,127,000 | 000,000,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000 | 00,000 | 0,000 |
| Scope 3 | 86,752,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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 is participating in some 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.
