Lloyds Banking Group

Financial Institution

Members of UK GBC

1,855 Assets 

1,356,790 m2 total floor area

48,631 tCO2e portfolio carbon emissions

63,069 employees

Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking, insurance and financial services, focused on personal and commercial customers. They recognise that, by helping to finance a greener future, they can have a real impact in tackling climate change. This will require new ways of living, working, and investing for their business and customers.

 

1

Commit

Commit to only owning and occupying net zero carbon operational assets by 2030. Achieve maximum reductions of embodied carbon in new developments and major renovations by 2030, and compensate for any remaining residual operational and upfront embodied emissions.

2

Disclose

Measure and disclose annual energy consumption and whole life carbon emissions, making the data publicly available in annual reporting.

3

Act

Implement a decarbonisation roadmap that outlines a reduction first approach, improving energy efficiency, reducing total energy consumption by 50% by 2030 (baseline 2018/2019), and securing renewable energy, towards net zero operational carbon. Maximise the reduction of embodied carbon for new developments and major renovations.

4

Verify

Verify energy consumption and whole life carbon emissions annually by independent third party.

5

Advocate

Advocate for industry-wide transformation by working with customers, government, and the market to help reduce the emissions they finance by more than 50% by 2030. Continue to activate businesses to invest in tackling climate change through their Clean Growth Finance Initiative. Will continue to collaborate with other leading businesses on climate action and urge government to deliver a clean recovery plan.

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