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Created before Nov 2016
Last update: 2017-09-15 12:38:49
Kevin Smith, Climate Change and Finance Campaigner, Platform
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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, Bank of Scotland, Scottish Widows, Halifax, and a range of distribution channels. In December 2016 Lloyds Banking Group controlled assets worth GBP 818 billion.
25 Gresham Street
EC2V 7HN London
António Horta-Osório |
Executive Director and Group Chief Executive
|Annual report||Annual report 2016|
listed on London Stock Exchange & NYSE Euronext
Public Shareholders. In October of 2008, as part of the government bailout the British government took a 43.4% stake in Llyods. The government began the process of returning Lloyds to the private sector in September 2013. Currently it still holds around 20 per cent of shares.
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Voluntary initiativesLloyds has committed itself to the following voluntary standards:
For more on the investment policies of Lloyds go here.
Lloyds 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 adopted the Equator Principles in 2008.
Reporting on the Equator Principles
Lloyds must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Lloyds is not in compliance with its reporting obligations. The link provided is broken or not correct
Lloyds is involved in financing the following Equator Principles projects that BankTrack considers controversial.
True leader Front runner Follower Laggard
BankTrack has assessed Lloyds on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Lloyds is assessed as a Laggard, with a total score of 2/12.
Implementation and reporting
Lloyds is reporting on the implementation here.