Created before Nov 2016
Last update: 2019-04-15 16:11:52
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About Lloyds Banking Group
Lloyds Banking Group Plc was formed on the 19th of January 2009 after Lloyds TSB acquired HBOS. The group is currently the largest retail bank in the United Kingdom with over 30 million customers. The banking group operates under numerous brands such as Lloyds Bank, Scottish Widows, Halifax, and via a range of distribution channels.
25 Gresham Street
EC2V 7HN London
António Horta-Osório |
Executive Director and Group Chief Executive
|Annual report||Annual report 2018|
listed on London Stock Exchange & NYSE Euronext
In October 2008, as part of the government bailout, the British government took a 43.4% stake in Lloyds. The process of returning Lloyds to the private sector began in September 2013 and was completed in May 2017. The bank's current share holder structure can be accessed here.
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Voluntary initiativesLloyds Banking Group has committed itself to the following voluntary standards:
- Banking Environment Initiative
- Carbon Disclosure Project
- Equator Principles
- GRI Financial Services Sector Supplement
- 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.
Lloyds Banking Group and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Lloyds Banking Group adopted the Equator Principles in 2008.
Reporting on the Equator Principles
Lloyds Banking Group must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Lloyds Banking Group is involved in financing the following Equator Principles projects that BankTrack considers controversial.
True leader Front runner Follower Laggard
BankTrack has assessed Lloyds Banking Group on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Lloyds Banking Group is assessed as a Laggard, with a total score of 2/12.
Implementation and reporting
Lloyds Banking Group is reporting on the implementation here.