Sustainability policies and information

Business in the Community (BITC)

Membership

Lloyds Banking Group has been a committed member of Business in the Community for over four decades, investing in leadership and expertise to help drive responsible business across the UK. As a founding member, the Group actively contributes to BITC’s strategic priorities through roles on leadership teams and place based initiatives, using its position to champion purpose-led business and support social, environmental and economic progress. This partnership is a powerful platform to amplify impact, shape the responsible business agenda, and help Britain prosper.

Climate Group

Signatory

We remain a committed member of Climate Group’s campaigns on renewable electricity (RE100), energy productivity (EP100) and electric vehicles (EV100).

Equator Principles

Signatory

Lloyds Banking Group has been a signatory to the Equator Principles since 2008. A recognised framework for assessing and managing environmental and social risks in project finance transactions, applying the Equator Principles helps the Group to ensure that financed projects give due consideration to sustainability risks, leading to more responsible and resilient development outcomes.

Green Finance Institute (GFI)

Membership

During 2025 we worked closely with GFI to unveil a ground-breaking report outlining the potential of innovative green finance mechanism Property Linked Finance (PLF), to channel billions of pounds worth of private investment into sustainable housing retrofit across the UK.

Institutional Investors Group on Climate Change (IIGCC)

Membership

The IIGCC is the European membership body for investor collaboration on climate issues, with more than 400 members representing $50 trillion of assets. Our IIGCC membership is one of the most important elements of our industry-level responsible investment activities. Related to our IIGCC membership, we also remain a supporting member signatory of CA100+.

Partnership for Carbon Accounting Financials (PCAF)

Membership

PCAF is a global partnership of financial institutions that work together to develop and implement a harmonised approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments. Lloyds Banking Group joined PCAF in September 2020.

Powering Past Coal Alliance (PPCA)

Membership

The Powering Past Coal Alliance (PPCA) is a global coalition of governments, sub‑national authorities, businesses and financial institutions working to accelerate the phase‑out of unabated coal power. Lloyds Banking Group became a signatory to the PPCA in November 2021.

Sustainable Markets Initiative (SMI)

Membership

The SMI, launched in 2020 by His Majesty The King when he was Prince of Wales, has the mission to coordinate the private sector in accelerating the achievement of global climate, biodiversity and the UN Sustainable Development Goal targets. We are an active member of the Financial Services Task Force. 

Transition Pathway Initiative (TPI)

Membership

The Transition Pathway Initiative (TPI) is an investor led framework that assesses companies’ and financial institutions’ preparedness for the low carbon transition. Lloyds Banking Group is independently assessed by TPI and uses TPI insights as part of its approach to climate governance, transition planning and client engagement.

UK Asset Owner Council

Membership

The UK Asset Owner Council (AOC) is a UK focused forum convened by the Principles for Responsible Investment to support collaboration on responsible investment and stewardship. Engagement with asset owner-focused initiatives is undertaken through Lloyds Banking Group’s pensions and investments businesses, including Scottish Widows, where appropriate.

UK Green Buildings Council (UKGBC)

Membership

At the start of 2023, Lloyds Banking Group became an Organisational Programme Partner of the UKGBC, participating in their key programmes across learning and leadership, advancing net zero, resilience and nature and regenerative places.

UK Stewardship Code

Membership

The UK Financial Reporting Council’s Stewardship Code sets core principles for the responsible allocation, management, and oversight of capital to create long-term sustainable value for clients and beneficiaries. The code was significantly revised in 2020 and Scottish Widows was among the first signatories of the new code.

UK Sustainable Investment and Finance Association (UKSIF)

Membership

As a member of the public policy influencing group UKSIF since 2021, Scottish Widows has contributed to its forums and consultations to drive industry best practice and advance the regulatory and policy agenda for creating well-functioning markets, embracing and embedding a sustainable, long-term outlook.

United Nations Environment Programme for Financial Institutions – Principles for Responsible Banking (UNEP FI PRB)

Membership

Lloyds Banking Group became a member of the UNEP FI PRB in 2019 to support the banking industry accelerate its contribution to achieving society’s goals as expressed in the UN Sustainable Development Goals and the Paris Agreement.

United Nations Environment Programme for Financial Institutions – Principles for Responsible Investment (UNEP FI PRI)

Membership

Scottish Widows has been a supporter of the UN Principles of Responsible Investment (UN PRI) since December 2020.

United Nations Global Compact (UNGC)

Signatory

Since 2016, we have been a member of the UNGC, which provides a universal framework for corporate responsibility, guiding companies to align their strategies with the Ten Principles on human rights, labour, environment, and anti-corruption.

World Business Council for Sustainable Development (WBCSD)

Membership

The WBCSD is a global organisation of over 200 businesses working to achieve the UN Sustainable Development Goals through the transformation of economic systems. The Group is a full member, participating in relevant projects in order to support our sustainability ambitions.