Environmental, social and governance (ESG) matters are an integral part of our strategy at Lloyds Banking Group.
We recognise that climate change is one of the biggest issues facing society. Our unique position within the UK economy means that the successful transition to a more sustainable, low carbon economy is of strategic importance to us.
As a signal of our commitment we have set an ambitious goal to help reduce the emissions we finance by more than 50 per cent by 2030, on path to net zero by 2050 or sooner, supporting the UK’s ambition to be net zero by 2050 and the 2015 Paris Agreement. We also target net zero carbon emissions in our operations by 2030.
Inclusion and diversity
Approaching diversity as a business issue reflects our firm view that diverse teams, working within inclusive environments, are more innovative, engaged, and deliver better outcomes for our customers.
As the first FTSE 100 company to set targets to increase both gender and ethnic diversity at senior levels, we continue to invest in being a leading inclusive employer. Find out more about how we are championing Britain’s diversity.
Our Covid-19 response
Customers remain a priority throughout this crisis and beyond. Working closely with the UK Government and our regulators, we have continued to support our retail, small business and commercial customers through a comprehensive and unprecedented range of flexible measures.
As one of the UK’s largest corporate donors, we use our scale to reach people in communities across the country. Our four independent charitable Foundations are critical to our vision of tackling social disadvantage by partnering with local charities to help overcome complex social issues.
We are supporting our communities in a number of different ways, including colleague volunteering, support for community organisations, donations to our independent Foundations, and fundraising for our charity partner, Mental Health UK. Find out more about how we're supporting communities.
We want to ensure that we source the products and services we buy in a responsible and sustainable manner and we want our suppliers to share in our purpose. Read here about the key social, ethical and environmental values that we want our suppliers to abide by, as set out in our code of supplier responsibility.
News and insight
The latest ESG updates and opinions from across the Group
How we’re helping people keep track of their pension savings
New research by Scottish Widows has found that over 3.6 million people across Britain have lost track of the number of pension pots they own.