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
BankTrack is the international tracking, campaigning and support organisation focused on banks and the activities they finance.
We aim to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices.
Kevin Smith, Climate Change and Finance Campaigner, Platform
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.
Look here for an overview of Lloyds Banking Group's different brands.
25 Gresham Street
EC2V 7HN London
António Horta-Osório |
Executive Director and Group Chief Executive
Annual Review 2015|
Annual Report and Accounts 2015
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.
For more on the investment policies of Lloyds go here.
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.
Lloyds reports annually on their implementation of the Equator Principles. The 2016 report can be found here.
Lloyds further reports on its portfolio of projects financed under the Equator Principles on the Equator Principles website, here.
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.
Lloyds is reporting on the implementation here.