📣 Introducing Tracenable Pro: Unlock Unlimited Data Exports & Disclosures Access.
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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
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 ofLloyds Banking Group amounted to71,145metric 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 Groupdecreased 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 COâ‚‚ equivalent (tCOâ‚‚e).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 tCOâ‚‚e using the market-based method and 50,704 tCOâ‚‚e 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 COâ‚‚ equivalent (tCOâ‚‚e) 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 7of 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 COâ‚‚ equivalent (tCOâ‚‚e).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 emissionshave 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 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 GHG Emissions Intensity Compared to Industry Peers
In 2024, Lloyds Banking Group reported Scope 1 greenhouse gas (GHG) emissions of 20,441 tCOâ‚‚e and total revenues of USD 23,345 millions. This translates into an emissions intensity of 0.88 tCOâ‚‚e 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 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.27, 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 17 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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 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.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