Lloyds Banking Group PLC 2022 SR
The report outlines Lloyds Banking Group's progress toward its net zero ambitions for 2030 and 2050. Key highlights include setting seven sector-specific emissions reduction targets for high-emitting sectors like oil and gas, power, and mortgages. The Group launched its first climate transition plan and a new ambition to reduce supplier emissions by 50% by 2030. In 2022, the company provided £7.9 billion in sustainable finance to corporate customers and £3.5 billion for green mortgages. The report also details the integration of climate risk into the Group's Enterprise Risk Management Framework and provides disclosures aligned with TCFD recommendations.
Company: Lloyds Banking Group PLC
Sector: Financials
Country: United Kingdom
Year: 2022
Type: SR
Pages: 77
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Lloyds Banking Group PLC
Environmental Sustainability Report
The report outlines Lloyds Banking Group's progress toward its net zero ambitions for 2030 and 2050. Key highlights include setting seven sector-specific emissions reduction targets for high-emitting sectors like oil and gas, power, and mortgages. The Group launched its first climate transition plan and a new ambition to reduce supplier emissions by 50% by 2030. In 2022, the company provided £7.9 billion in sustainable finance to corporate customers and £3.5 billion for green mortgages. The report also details the integration of climate risk into the Group's Enterprise Risk Management Framework and provides disclosures aligned with TCFD recommendations.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 3:
Net Zero Target