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Sustainability Comparison

Lloyds Banking Group vs NatWest Group Sustainability: SINK Score Comparison

🏦 Financial Services / Banking
Lloyds Banking Group
38
out of 100
Below expectations
Higher score
🏦 Financial Services / Banking
NatWest Group
47
out of 100
Making progress

NatWest Group scores 9 points higher than Lloyds Banking Group on SINK's sustainability index.

Question-by-question

How each category compares

Category
Lloyds
NatWest
Carbon Footprint — Operations
8/10
8/10
Carbon Footprint — Supply Chain
6/10
6/10
Emissions Trajectory
4/10
6/10
Energy Source
8/10
8/10
Nature & Biodiversity Impact
5/10
5/10
Resource Use & Waste
4/10
6/10
Water Impact
5/10
4/10
Targets & Commitments
5/10
4/10
Transparency & Accountability
7/10
7/10
Controversies & Red Flags
4/10
6/10
Full Lloyds Banking Group breakdown →Full NatWest Group breakdown →
Frequently asked

Lloyds Banking Group vs NatWest Group, answered.

Which is more sustainable, Lloyds Banking Group or NatWest Group?

NatWest Group is more sustainable according to SINK's open sustainability index, scoring 47/100 vs Lloyds Banking Group's 38/100 — a difference of 9 points.

What is Lloyds Banking Group's SINK sustainability score?

Lloyds Banking Group scores 38/100 on the SINK sustainability index (Below expectations). Lloyds has decarbonised operations competently but finances fossil fuels at 3:1 ratio to green projects. A December 2024 ASA greenwashing ban, £16B fossil fuel financing 2016–2023, and 9 of 15 climate targets being intensity-based reveal a bank claiming climate leadership while materially funding emissions growth.

What is NatWest Group's SINK sustainability score?

NatWest Group scores 47/100 on the SINK sustainability index (Making progress). NatWest has cut operational emissions 46% since 2019 and achieved 100% renewable electricity, backed by third-party verification. But it withdrew SBTi validation in 2025, weakening accountability. Financed emissions fell 39% largely through methodology shifts, not real decarbonisation. Fossil fuel financing persists with inadequate exclusion policies.

How does SINK compare Lloyds Banking Group and NatWest Group?

Both companies are rated on the same 10-question SINK rubric: Scope 1/2/3 carbon footprint, energy source, nature and biodiversity, resource use, water, emissions trajectory, science-based targets, transparency, and controversies. Scores are 0–100, based on public data, and fully reproducible.

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