The 2025 Banking on Climate Chaos report showed that Lloyds Banking Group provided $7.9 bn in financing to the fossil fuel industry between 2021 and 2024. In 2024 only, Lloyds Banking Group provided $1.6 bn, including $786 mn for oil, gas and coal companies expanding fossil fuels. Find further details on Lloyds Banking Group's fossil fuel portfolio and how it compares to other large banks globally on the Banking on Climate Chaos website below.

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Lloyds Banking Group's fossil fuel policy below.

BankTrack assessed Lloyds Banking Group in its 2024 Global Human Rights Benchmark, where it achieved 6 points out of 15 and was ranked as a “follower”. 

The bank scored 0.5 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Lloyds Banking Group scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The table below shows BankTrack's assessment of how Lloyds Banking Group has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Lloyds Banking Group is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

BankTrack is keeping track of the public response of Lloyds Banking group to Russia's illegal invasion of Ukraine. Lloyds Banking group's public position on the war is unclear. Lloyds Banking group is scaling back its operations in Russia. We consider its exposure to Russia as limited. Lloyds Banking group supports the Russian fossil fuel industry through loans and underwriting. For further details, see the table linked below.