Lloyds Banking Group PLC
Lloyds Banking Group's GHG Emissions Data Preview
In 2024, Lloyds Banking Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Lloyds Banking Group has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Lloyds Banking Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Lloyds Banking Group amounted to 71,145 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Lloyds Banking Group decreased by 5.76%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Lloyds Banking Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Lloyds Banking Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Lloyds Banking Group were 20,441 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Compared to the previous year (2023), Lloyds Banking Group's Scope 1 emissions decreased by 5.92%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Lloyds Banking Group's Scope 2 emissions?
In 2024, Lloyds Banking Group reported Scope 2 greenhouse gas (GHG) emissions of 4 tCOâ‚‚e using the market-based method, and 50,704 tCOâ‚‚e using the location-based method.
Has Lloyds Banking Group reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Lloyds Banking Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Lloyds Banking Group 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Lloyds Banking Group use for Scope 2 reporting?
In 2024, Lloyds Banking Group reported its Scope 2 emissions using the market-based method and using the location-based method.
Lloyds Banking Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Lloyds Banking Group's Value Chain Emissions
In 2024, Lloyds Banking Group reported 664,022 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2024 disclosure of Lloyds Banking Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, down from 8 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.
Lloyds Banking Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Lloyds Banking Group's Scope 3 emissions?
In 2024, Lloyds Banking Group reported total Scope 3 emissions of 664,022 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Lloyds Banking Group reduced its Scope 3 emissions over time?
Since 2018, Lloyds Banking Group's Scope 3 emissions have decreased by 97.76%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2023), Lloyds Banking Group's Scope 3 emissions decreased by 99.19%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does Lloyds Banking Group disclose?
In 2024, Lloyds Banking Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Lloyds Banking Group's Scope 3 emissions?
In 2024, the largest contributors to Lloyds Banking Group's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 404,247 tCOâ‚‚e (60.88%)
- Capital Goods (Cat. 2): 100,065 tCOâ‚‚e (15.07%)
- Employee Commuting (Cat. 7): 64,238 tCOâ‚‚e (9.67%)
Lloyds Banking Group's Scope 3 Emissions by Categories
Insights into Lloyds Banking Group's Total Carbon Footprint
In 2024, Lloyds Banking Group reported a total carbon footprint of 735,167 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.1% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Lloyds Banking Group's total carbon footprint was Scope 3 emissions, accounting for 90.32% of the company's total carbon footprint, followed by Scope 2 emissions at 6.9%.