Lloyds Banking Group·Financial Services / Banking·London, GB·Founded 2009·Last verified 31 May 2026
38
out of 100
Below expectationsPending Review-8 since last review

Lloyds has solid operational decarbonisation and renewable energy credentials, but its financed emissions—33 MtCO₂e annually—dwarf these gains. A 3.1:1 fossil fuel to green financing ratio, £16B in fossil fuel lending 2016-2023, and a December 2024 ASA greenwashing ban expose a bank financing climate destruction while reporting progress.

The calculation

Every score shows its working.

Same formula for every company. No curve. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Financial Services / Banking sector ceiling.
50 / 100
Performance score
Sum of the 10 rubric questions, scored 0–10 each.
56 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 50) + (0.7 × 56) = 54.2
Scale penalty
Multiplier based on absolute emissions volume — physics-first.
× 0.7
Final score
Rounded. Below expectations.
38 / 100
The ten questions

Where Lloyds Banking Group is strong, and where it isn't.

Strongest on Carbon Footprint — Operations and Energy Source (8/10, 8/10). Weakest on Controversies & Red Flags and Resource Use & Waste (4/10, 4/10).

Where the evidence comes from

Every document used, listed.

14 sources used in this assessment. All publicly available. Each row shows which rubric questions it informed.

11 of 14 sources are third-party verified or public record.

[1]Third-party verified
Lloyds Banking Group GHG Emissions Profile
Ongoing
Q1Q2
View →
[2]Self-reported
Carbon Reduction Plan
2024
Q1Q6
View →
[3]Self-reported
2024 LBG Sustainability Report
2025
Q2Q9
View →
[4]Third-party verified
Lloyds Banking Group Climate Targets
Ongoing
Q3
View →
[5]Third-party verified
Big Four UK Banks: Climate Alignment and Influence Report
2025
Q3Q10
View →
[6]Third-party verified
RE100 — Leadership Award Key Collaborator Submission — Lloyds Banking Group
2025
Q4
View →
[7]Self-reported
10-Year Power Purchase Agreement with Low Carbon
2024
Q4
View →
[8]Third-party verified
Earth Blox — Lloyds Banking Group Maps Nature Risk
2023
Q5
View →
[9]Third-party verified
Woodland Trust — Lloyds Banking Group Partnership
Ongoing
Q5
View →
[10]Public record
Lloyds Banking Group Sets Stronger Targets to Slash Emissions, Waste and Water Use
2024
Q6Q7
View →
[11]Third-party verified
Reduction of Environmental Footprint of Lloyds Bank in the United Kingdom
Unknown
Q7
View →
[12]Third-party verified
KnowESG — Lloyds Banking Group ESG Rating
Ongoing
Q8
View →
[13]Third-party verified
Equator Principles — Lloyds Banking Group 2024 Report
2024
Q9
View →
[14]Public record
Lloyds Bank Found Guilty of Greenwashing
2024
Q10
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

Lloyds Banking Group in context

Where Lloyds Banking Group sits among financial services / banking peers.

Among the 29 major financial services / banking brands we've scored, Lloyds Banking Group sits 19th of 29.

19/29
Lloyds Banking Group's rank
40
Industry average
23
Industry low
65
Industry high
How this score has moved

Lloyds Banking Group's score over time.

today

Score history begins 8 February 2026.

As Lloyds Banking Group's score updates, the trajectory will appear here.

We're backfilling historical scores for FTSE 100 and S&P 100 companies over the coming weeks.

What's being contested

This score is not currently being contested.

Every challenge is published. We'd rather be corrected than wrong — that's the whole point.

No challenges submitted yet. If you have evidence that contradicts this score, you can challenge any question above — cite a public source and we'll review it.

About Lloyds Banking Group

Lloyds Banking Group is a major UK retail and commercial bank formed in 2009, offering mortgages, savings, insurance, and investment services. It operates across the UK with 75,306 employees and is a systemically important financial institution whose lending decisions shape energy transition outcomes.

Founded
2009
Headquarters
London, GB
Employees
~65,000
Annual revenue
~£17.5B
Company website ↗
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