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.
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.
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.
Lloyds Banking Group's score of 88 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Lloyds Banking Group reported carbon emissions of approximately 4,000 kg CO2e under Scope 2 in Great Britain. Globally, their total emissions reached about 123,960,000 kg CO2e, with Scope 1 emissions at approximately 20,441,000 kg CO2e, Scope 2 emissions at about 53,600,000 kg CO2e, and Scope 3 emissions at around 103,515,000 kg CO2e. Lloyds Banking Group has set ambitious climate commitments, aiming for net zero carbon operations by 2030. They plan to reduce direct carbon emissions by at least 90% across Scope 1 and 2, while also targeting a 50% reduction in energy consumption. Additionally, they aim to cut carbon emissions from their financed activities by over 50% by 2030, with a long-term goal of achieving net zero by 2050. The bank's initiatives include a commitment to reduce absolute emissions in their Commercial Banking agriculture portfolio by 25% from 2021 to 2030. They are also focused on reducing emissions intensity in power generation by 81% by 2030. These efforts align with the UK Government's net zero target and the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), demonstrating Lloyds Banking Group's commitment to supporting the transition to a sustainable economy.
Access structured emissions data, company-specific emission factors, and source documents
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|
Scope 1 | 52,192,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 2 | 178,628,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000 | 00,000 | 0,000 |
Scope 3 | 72,984,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.