Sustainability

Our purpose is Helping Britain Prosper. As one of the UK’s largest financial services providers with 28 million customers, we have an important role to play in creating a more sustainable and inclusive future for people and businesses.

Our Group strategy is driven by our purpose, we are concentrating on areas where we can have the biggest impact, delivering our purpose and strategy while creating value for all our stakeholders. With an ongoing focus of embedding sustainability in all that we do while acting in a trusted and responsible manner, the Group have identified specific focus areas of cross-group impact where we believe we can deliver significant societal impact at scale for the UK, leveraging our core capabilities as an integrated financial services provider.

Through delivering on our objectives across these areas, we can create further commercial growth opportunities as well as positive outcomes for our stakeholders and thus build a more resilient and profitable business to deliver higher, more sustainable returns for our shareholders.

A full run down of Lloyds Banking Group progress can be found in our latest Sustainability report.

As a diversified financial services group, our transition plan sets out how we are positioning the business to respond to the growth opportunities and challenges of transitioning to a low carbon economy. Transitioning the economy is complex, involving interconnected sectors and associated economic systems. We continue to develop our transition plan, seeking to build an integrated approach that supports economic growth through our products, services, and investments – supporting our customers, clients and the broader economy to transition.

Our financial services and products – such as lending, investments and capital allocation or advisory services – support the transition. We also leverage partnerships and collaborations with expert organisations, and engage with industry, policymakers and regulators to understand shared challenges, identify solutions and drive real economy change. More information is available in our Sustainability report and Annual report and accounts.

Examples of our action include:

• Since 2022, we have delivered more than £70 billion in sustainable finance, and in 2026 we are making a further £35 billion available to support companies operating and investing in the UK. 
• We are one of the country’s most significant backers of UK infrastructure and clean energy – supporting nuclear, wind, solar, carbon capture and other low carbon technologies at pace and scale. For example, our £633m debt commitment towards Sizewell C nuclear power station. 
• The UK faces a sizeable challenge in updating some of the least energy-efficient housing stock in Europe. As one of the largest financiers and supporters of the UK housing sector, we are using our finance to support the retrofit of housing. For example, we have provided a £100 million financing agreement with the Sovereign Network Group, to fund the retrofit of 4,500 social homes.

Sustainable finance and investment are key mechanisms to support the transition and reduce emissions. We have established sustainable finance and investment targets aligned to our core business areas. Our financing and investment target periods align to the Group's strategic timelines and will continue to develop to support our 2030 climate ambitions.

Our Sustainable financing framework has continued to evolve to provide greater clarity on what the Group considers to be eligible types of sustainable finance, and sustainable finance and investment targets continue to be part of our long-term incentive plan performance assessment.

More information is available in our Sustainability report and Annual report and accounts.

Our Sustainability policy and information page hosts all our sustainability policies and frameworks, including our external sector statements, sustainable finance framework, carbon offsetting principles, human rights policy and other documents such as a list of our key sustainability memberships and our ESG ratings.