Lloyds Banking Group PLC 2020 AR2
The report outlines the financial and strategic performance of Bank of Scotland plc for the year ended 31 December 2020. During the year, the company recorded a profit before tax of #883 million, down from #1,278 million in 2019, largely due to increased impairment losses from the coronavirus pandemic. In response to the pandemic, the bank supported customers through government-backed loan schemes, payment holidays, and digital inclusion initiatives. Additionally, the board approved an ambitious goal to reduce the carbon emissions financed by Lloyds Banking Group by at least 50 percent by 2030, alongside launching several green finance products and tools.
Company: Lloyds Banking Group PLC
Sector: Financials
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 126
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Lloyds Banking Group PLC
Report And Accounts
The report outlines the financial and strategic performance of Bank of Scotland plc for the year ended 31 December 2020. During the year, the company recorded a profit before tax of #883 million, down from #1,278 million in 2019, largely due to increased impairment losses from the coronavirus pandemic. In response to the pandemic, the bank supported customers through government-backed loan schemes, payment holidays, and digital inclusion initiatives. Additionally, the board approved an ambitious goal to reduce the carbon emissions financed by Lloyds Banking Group by at least 50 percent by 2030, alongside launching several green finance products and tools.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees