Lloyds Banking Group sustainability score: 43/100
Lloyds Banking Group is a UK retail and commercial bank headquartered in London. Lloyds Banking Group plc was incorporated in 1985 as TSB Group plc, became Lloyds TSB Group in 1995 and took its current name in 2009 after acquiring HBOS.
More about Lloyds Banking Group
It operates deposit-taking, lending, and investment services across the UK market. Total income FY2025: £19.4bn; ~64,000 employees. A systemically important financial institution whose lending portfolio carries material climate and nature exposure.
Founded 1985Head office London, United KingdomStaff ~64,038Revenue £19,422M (FY2025, total income)Website ↗
Lloyds reports material financed emissions (18.6 MtCO2e) and owns a 36% reduction since 2018, but relies heavily on estimated data, supply-chain emissions are rising, and an ASA ban for misleading climate advertising exposes credibility gaps. Operational footprint is low for banking, renewable energy secured, but nature exposure through agriculture is unmapped.
Lloyds Banking Group scores 43/100 (Below expectations) on SINK's independent climate assessment, scored from public data only. Scores are free. Companies can never pay for anything about their own score. Last verified October 2026.
That places Lloyds Banking Group joint 331st of 934 companies scored, and 12th of 59 in Financial Services / Banking.
What is Lloyds Banking Group doing well, and where does it fall short?
Strongest on Carbon Footprint: Operations and Energy Source (9/10, 8/10). Weakest on Nature & Biodiversity Impact and Water Impact (5/10, 5/10).
Where Lloyds Banking Group lost points
For each question that lost points, the evidence our public rubric looks for that we didn't find.
- Emissions from its own operations9/10No verified figures published with their method and a falling trend.
- Emissions from its supply chain7/10No full value-chain map or supplier engagement programme.
- Whether its emissions are falling6/10No consistent fall over several years across its operations and supply chain.
- How clean its energy is8/10Its own operations aren't shown to run on 100% renewable energy.
- Its effect on nature5/10Its effect on nature isn't measured or independently verified.
- How it uses materials and handles waste6/10No verified figures for reuse and recycling across the business.
- Its effect on water5/10No measured water footprint with reduction targets.
- Its climate targets6/10Its targets aren't validated by the Science Based Targets initiative.
- How openly it reports8/10No mission-locked structure, such as B Corp certification.
- Its record on controversies6/10Points deducted for controversies or its business model. The finding is under question 10.
A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.
How is Lloyds Banking Group's SINK score calculated?
Same ten questions for every company. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × ScaleHas Lloyds Banking Group's score changed?
Lloyds Banking Group's score has moved from 38 to 43 across 3 recorded reviews, up 5 points.
- 38 → 43+525 October 2026
Re-scored under v2.5.19 (RE100 UK pre-v2.5 re-score, owner-approved 2026-10-25; docs/rescore-plan-2026-10.md)
- 38 → 3811 October 2026
v2.5.7 financed-emissions rule applied retroactively (record last scored before the rule): scale 0.7 -> 0.7, score 38 -> 38. No question marks changed.
- Scored 388 February 2026
Initial score at platform launch
What evidence is Lloyds Banking Group's score based on?
11 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.
27% of them were published by Lloyds Banking Group itself; the rest come from independent sources.
“were 154,198 tonnes CO2e; an 11.5% decrease year-on-year”
“Deloitte LLP were appointed to provide independent limited assurance over certain data points”
“We've reduced our direct carbon emissions by 56.1%, our energy consumption by 48.7%”
“Lloyds Banking Group will purchase 50 GWh of clean electricity annually from Low Carbon”
“Our business impacts and depends on nature, and supporting nature's recovery is essential in climate change mitigation and adaptation.”
“ruled today that an ad by Lloyds Bank highlighting the bank's contributions to the low-carbon transition through its clean energy financing activity was misleading”
“The Advertising Standards Authority (ASA) has banned an advert from Lloyds Banking Group for making false environmental claims.”
“In 2024 only, Lloyds Banking Group provided $1.6 bn, including $786 mn for oil, gas and coal companies expanding”
“although the latter comes as a decrease from 2.3 billion dollars (£1.7 billion) in 2023”
“Lloyds will also aim to divert a minimum of 90% of operational and technology waste from landfill and incineration”
If you believe a source has been misread or a newer version exists, submit a challenge.
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How does Lloyds Banking Group compare with other financial services / banking companies?
Where Lloyds Banking Group sits among financial services / banking peers.
Among the 59 major financial services / banking brands we've scored, Lloyds Banking Group sits 12th of 59.
Who scores higher in Financial Services / Banking?
The 3 companies in the sector scoring nearest above Lloyds Banking Group.
Monzo reports comprehensive carbon data but absolute emissions rose 17% year-on-year, undermining its net zero 2030 claim.
See the breakdown →Halifax's parent, Lloyds Banking Group, reports comprehensive operational emissions and 100% renewable electricity, but financed emissions dwarf these efforts at 32.8 MtCO2e.
See the breakdown →Coventry Building Society's footprint was 1.02 MtCO2e in 2025, almost all of it from the homes it lends on, which it measures on the standard PCAF basis.
See the breakdown →Which companies moved this week, and why.
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