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/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
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aVerified Sources Behind Lloyds Banking Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Lloyds Banking Group’s data sources below and access millions more through our Disclosure Search.
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).a
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.a
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 CO₂ equivalent (tCO₂e).a
Has Lloyds Banking Group reduced its Scope 1 emissions over time?
Since 2019, Lloyds Banking Group's Scope 1 emissions have decreased by 52.07%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
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.a
What are Lloyds Banking Group's Scope 2 emissions?
In 2024, Lloyds Banking Group reported Scope 2 greenhouse gas (GHG) emissions of 4 tCO₂e using the market-based method and 50,704 tCO₂e using the location-based method.a
Has Lloyds Banking Group reduced its Scope 2 emissions over time?
Since 2019, Lloyds Banking Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 52.88%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
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.a
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.a
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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
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.a
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 CO₂ equivalent (tCO₂e).a
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.a
Has Lloyds Banking Group reduced its Scope 3 emissions over time?
Since 2019, Lloyds Banking Group's Scope 3 emissions have decreased by 97.96%, reflecting a declining long-term trend in Scope 3 emissions over time.a
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.a
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.a
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:a
- Purchased Goods and Services (Cat. 1): 404,247 tCO₂e (60.88%)
- Capital Goods (Cat. 2): 100,065 tCO₂e (15.07%)
- Employee Commuting (Cat. 7): 64,238 tCO₂e (9.67%)
Lloyds Banking Group's Scope 3 Emissions by Categories
Insights into Lloyds Banking Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Lloyds Banking Group reported Scope 1 greenhouse gas (GHG) emissions of 20,441 tCO₂e and total revenues of USD 23,345 millions. This translates into an emissions intensity of 0.88 tCO₂e per millions USD.a
Lloyds Banking Group's Scope 1 Emissions Intensity Compared to Peers
How does Lloyds Banking Group's GHG emissions intensity compare to its peers?
In 2024, Lloyds Banking Group reported a Scope 1 emissions intensity of 0.88 tCO₂e per millions USD. Compared to the peer group median of 0.41, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Lloyds Banking Group rank on GHG emissions intensity within its industry?
In 2024, Lloyds Banking Group ranked 16 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Lloyds Banking Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
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 CO₂ equivalent (tCO₂e) 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.a
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%.a