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About Lloyds Banking Group
Lloyds Bank was originally founded in 1765. In 1995 it merged with the Trustee Savings Bank and traded as Lloyds TSB Bank between 1999 and 2013. Lloyds Banking Group was formed in January 2009 after Lloyds TSB acquired HBOS. The group is currently the largest retail bank in the United Kingdom. The group’s main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. Lloyds Banking Group operates under numerous brands such as Lloyds Bank, Scottish Widows, Bank of Scotland and Halifax.
25 Gresham Street
EC2V 7HN London
Charlie Nunn |
Executive Director and Group Chief Executive
|Annual report||Annual report 2021|
listed on London Stock Exchange & NYSE
Lloyds Banking Group's complete shareholder structure can be accessed here.
|Complaints and grievances||
Lloyds Banking Group does not operate a complaints or grievances channel for individuals and communities that may be adversely affected by the bank's finance.
Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).
Related Dodgy Deals
Dodgy Deals map
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-lloyds-banking-group-plc-2020/
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Banks and Climate
Bank net zero commitments
Goal 2025/2030: Cut absolute financed emissions for oil and gas with 50% by 2030 (compared to 2019 baseline); additional sector-based intermediate commitment. Also joined NZBA.
Goal 2050: NZBA
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Banks and Human Rights
Human Rights Benchmark November 2019
Lloyds Banking Group's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Laggard, with a total score of 1.5 out of 14.
Due dilligence: 0/5
This page evaluates Lloyds Banking Group's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
What the war in Ukraine teaches us
Banks failing to address severe human rights impacts transparently, finds BankTrack research
Glasgow wrap-up: updates from banks and civil society at COP26
Climate groups call out banks lobbying for watered down Net Zero Commitments
Meet the banks funding the owners of the Cambo oil field
Banks due at UK’s ‘Green’ Investment Summit ‘financed £700 billion in fossil fuels since Paris Agreement’
Banks and biodiversity: are banks moving towards Kunming?
New report exposes billions in European financial support to companies in illegal Israeli settlements
Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit
North Sea oil field development shows banks’ hypocrisy over climate
New research puts big banks’ sustainability claims in doubt
Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming
UK banks’ support for coal industry has risen since 2015 Paris climate pact
The City of London, home of coal finance
New bank climate initiative fails to grasp urgent need to end finance for fossil fuels
Leading finance firms sign up to Mark Carney forum on low-carbon investment
More than half of Europe’s bank directors too compromised to end fossil fuel finance
Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement
Banking beyond deforestation
Six years of the Soft Commodities Compact failed to slow bank finance for deforestation
Equator Banks fail communities on consultation and grievance mechanisms, new study finds
Equator Principles: New BankTrack database sheds light on patchy project name reporting
Yet another global bank rejects Arctic Refuge drilling
Lloyds set to halve carbon emissions it finances in 10 years
4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows
Dirty Profits 7 - Out of Control: Irresponsible weapons transfers and future weapon systems
New report: HSBC a ‘crucial link in the chain’ of Palestinian oppression says War on Want
Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
New report calls for smaller, greener banking in post-referendum Scotland
Dirty Money - an interactive documentary
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
Equator Principles: Action, not words needed
Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field
Banking on Climate Chaos 2022
A practitioner's guide for banks
Banking beyond deforestation
The Banking Environment Initiative (BEI) & the Consumer Goods Forum (CGF)’s ‘Soft Commodities’ Compact
Letter from BankTrack to Lloyds Bank on Lloyds Bank's Future Relationship with the Fossil Fuel Industry
Banking with Principles? Second Edition June 2016
Banking while Borneo burns
Voluntary standardsLloyds Banking Group has committed itself to the following voluntary standards:
- Banking Environment Initiative
- Carbon Disclosure Project
- Equator Principles
- GRI Financial Services Sector Supplement
- Net-Zero Banking Alliance (NZBA)
- Partnership for Carbon Accounting Financials (PCAF)
- Principles for Responsible Banking (PRB)
- Principles for Responsible Investment (PRI)
- Soft Commodities Compact
- Task Force on Climate-related Financial Disclosures
- UNEP Finance Initiative
- United Nations Global Compact
Lloyds Banking Group's corporate social responsibility webpage can be accessed here.
Implementation and reporting
Lloyds Banking Group is reporting on the implementation here.