We recognise that climate change is one of the biggest issues facing society.

As the UK’s largest financial services group, we can make a real difference to tackling climate change by helping to finance a greener future together. We think this will require new ways of living, working and investing for our business and our customers.

That’s why we’re setting ourselves an ambitious goal to accelerate working with customers, government and the market to help reduce the carbon emissions we finance by more than 50% by 2030 – the estimated equivalent of removing the emissions produced by almost a quarter of UK homes.

We know there is an urgent need to transition to a low-carbon future, grow the green economy and promote green finance for the future prosperity of the UK. To enable the transition, more will be required from all organisations and government: we do not have all the answers today, but we are committed to continuing to make progress.

We are a founding member of the Net Zero Banking Alliance (NZBA), a UN-convened, industry-led alliance of 43 banks across the world which – as part of the larger Glasgow Financial Alliance for Net Zero – aims to accelerate the transition of the finance sector and the global economy to net zero emissions by 2050. 

How we'll help finance a green future together

We want to help our customers make the lifestyle changes required in their homes, vehicles and investments by creating green products and services that make it easier for them to invest in tackling climate change.

We will also support businesses by financing their investments in the green economy, as well as helping to improve the energy efficiency of their buildings, vehicles and assets.

3 people talking in a garden nursery


Support our clients to transition to sustainable business models and operations and to pursue new clean growth opportunities.

Father and daughter embracing each other


Be a leading UK provider of customer support on energy efficient, sustainable homes.

Two people working in an allotment

Pensions & investments

Offer customers sustainable investment choices and challenge companies we invest in to behave sustainably and responsibly.

Electric vehicle being charged


Be a leading UK provider of low emission/green vehicle fleets. 


Child putting on wellies


Provide insurance to improve the resilience of customers’ lives against extreme weather caused by climate change.

Abstract image of several green bottles

Our own footprint

Reduce our carbon footprint and challenge suppliers to ensure our consumption of resources, goods and services is sustainable.


Green bonds

Be a leading UK bank in the green/sustainable bonds market. 

Our pledges

We are taking action through an accelerated target to reduce our financed carbon emissions and further our purpose of Helping Britain Prosper.

  • Carbon emissions

    We commit to an ambitious goal to accelerate working with customers, government and the market to help reduce the carbon emissions we finance by more than 50% by 2030.


    Our sustainability commitments (infographic)

  • Operations target

    We have set a target of achieving net zero carbon operations by 2030: reducing our own environmental footprint and collaborating with suppliers to ensure our consumption of resources, goods and services is sustainable. 


    Find out more about our operational climate pledges

  • Travel

    We will maintain travel carbon emissions below 50% of pre COVID-19 levels, embedding for the long-term the reduced levels of commuting and business travel seen during the pandemic and supporting colleagues to switch to low carbon transport.

  • Carbon dioxide

    We're working with the Woodland Trust to plant 10 million trees across the UK by 2030. This will help to create havens for wildlife, boost biodiversity and absorb harmful carbon dioxide from the air. 


    Our partnership with the Woodland Trust

Our progress so far

We’ve made a good start, but there is more we can do.

  • In 2020, we more than doubled the number of electric vehicles financed through our Motor Finance and Leasing subsidiaries, Lex Autolease and Black Horse.

  • We launched a digital insight tool – The Green Buildings Tool – exclusively to the UK, which enables commercial real estate clients to assess the energy efficiency of their buildings, with the equivalent of around 2,100 football pitches of space already analysed.

  • To support our business customers on their sustainability journey, over 823 Lloyds Bank colleagues have undertaken training on climate change and sustainability-related risks and opportunities in collaboration with the University of Cambridge Institute for Sustainability Leadership. We are putting sustainability at the heart of our relationship teams’ support for businesses. 

  • As part of our partnership with the Woodland Trust, we are helping farmers and landowners transition to a low carbon future by offering preferential funding when planting more than 0.5ha of new woodland.

  • In 2020, we provided over £2.3 billion of green finance in Commercial Banking through our Clean Growth Finance Initiative, Commercial Real Estate Green Lending Initiative, Renewable Energy Financing and Green Bond facilitation. This increased our total green finance to over £7.3 billion since 2016. In addition, we have supported clients with over £1.8 billion of Sustainability Linked Loans since 2017.

  • Since the launch of this ambition in 2016, we have maintained our role as a leader for our UK corporate clients between 2016 and 2020, raising around £2.9 billion.

  • We will ensure our own operations are net zero by 2030. 

  • Offering customers more sustainable investment choices is a central part of our strategy, so we have invested £2 billion of Scottish Widows’ pension portfolios into the new ACS Climate Transition World Equity Fund, designed to help the global economy transition to a low carbon future. Our work with BlackRock to design this fund will help to engender positive change in the industry; incorporating environmental, social and governance risks into a portfolio can have a meaningful financial impact on performance.

  • Scottish Widows is to divest at least £440 million from companies that have failed to meet its environmental, social and governance standards. As one of the biggest pension providers in the UK, Scottish Widows’ new exclusions policy will benefit nearly 6 million UK savers.

  • In conjunction with the Energy Savings Trust we have launched a free online Home Energy Savings Tool accessed via the Halifax Green Living Hub. The tool is designed to help customers understand how they can improve the energy efficiency of their homes, what improvements and approximate costs and savings. The easy to use tool provides a tailored action plan for retrofit home improvements – with one created every 30 minutes and with an average potential saving of £264 per household.

News and insight

Lloyds Banking Group
10 February 2022
2 min read

Winners of sustainability innovation competition announced

Wates Group and Lloyds Banking Group have announced the four joint winners of a competition launched to find the next generation of green tech businesses that will support the Group in its transition to net zero.

Read more
Glenn Bemment
Head of ESG (Sustainability and Regionalisation),
23 November 2021
6 min read

The top three challenges businesses face to get to net zero

Small and medium-sized businesses need urgent support to meet the demands of the climate crisis, or they risk being left behind in the green economy.

Read more

Seizing the green growth opportunity

The transition to a low carbon economy – a ‘green’ economy – will support the UK’s recovery and promote long-term prosperity, while helping to make our planet more resilient. We commissioned Oxford Economics to look at the opportunities and challenges that the green economy presents for the UK, and how this varies across the individual nations and regions.

Seizing the green growth opportunity: the national story

UK Green Growth Index: opportunity across the nations and regions of the UK

Find out more about sustainability at Lloyds Banking Group

2021 climate report

This report details progress on our climate strategy and our reporting against the recommendations of the Task Force on Climate-related Financial Disclosures.

Download reportPDF opens in new tab

Our operational climate pledges

Our ambition is to reduce our own environmental footprint and collaborate with suppliers to ensure our own consumption of resources, goods and services is sustainable. 

Find out more

Our partnership with the Woodland Trust

At the beginning of 2020, we started working with the Woodland Trust to plant 10 million trees across the UK by 2030.

Find out more