Supporting UK businesses to grow sustainably and transition to a low carbon economy.
Where are you in your sustainability journey?
Many of our businesses are saving more than just energy - find out how:
Green Buildings Tool
Our Green Buildings Tool enables you to identify, evaluate and understand your property to make it more sustainable and energy efficient.
- Analyse energy saving initiatives that affect the energy performance certificate (EPC) rating which would reduce CO2 emissions
- Reveals initiatives/properties that offer the best return on investment with regards to CO2 reduction
From Now to Net Zero: a Practical Guide for SMEs
To deepen our understanding of how we can best support you on your journey to Net Zero, we've surveyed more than 1,000 SME businesses, undertaken in-depth interviews and focus groups with expert commentary, and held follow-up conversations with our customers about where they are on their journey, and what Net Zero means for them.
Support tailored to industry sectors and corporates
We understand that sustainability goals can vary across the size and sector of a business. We combine tailored products and services together with specialist insight to support you in your journey.
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Sustainability refers to the ability of something to maintain or ‘sustain’ itself over time. For a business, limits to sustainability are determined by physical and natural resources, environmental degradation, and social resources. The concept of sustainability is composed of three pillars: economic, environmental, and social — also known informally as profits, planet, and people.
More recently this has developed into ESG:
- Environmental - the quality and functioning of the natural environment
- Social - the rights, wellbeing and interests of people and communities and;
- Governance - policies or practices by which a company is directed or controlled
There's no global standard definition, though it is generally understood that Net Zero is a state in which an organisation or country's activities result in no net impact on the climate from greenhouse gas emissions.
This is achieved by reducing greenhouse gas emissions - typically the six gases listed in the Kyoto Protocol: carbon dioxide (CO2); methane (CH4); nitrous oxide (N2O); hydrofluorocarbons (HFCs); perfluorocarbons (PFCs); and sulphur hexafluoride (SF6); and by balancing the impact of any remaining 'hard to decarbonise' greenhouse emissions with an appropriate amount of carbon removals.
Climate change refers to our planet getting warmer. Since before the industrial revolution (1850-1900) the earth’s average temperature has risen by 1.1°C. The last five to ten years have seen the greatest increase since records began.1
Now, our attention has shifted to the impact this could have. Scientists believe that an increase in greenhouse gases are the primary cause for climate change. And if the temperature rises by another 1.5°C it would be devastating to life on earth.
1Source: World Meteorological Organization
A decade ago, Corporate Social Responsibility (CSR) was the most commonly used term to encapsulate an organisation’s efforts to maximise the positive impact it has on society and the environment.
CSR typically refers to a collection of charitable and philanthropic works performed by profit-driven companies in order to ‘give something back’ to the community and environment from which they have benefitted. However, a limitation of CSR is that for many businesses it operated as an add-on to their main purpose. At worst, it has been seen as a marketing tool for firms to promote their positive activities without having to back up their claims or talk about problem areas.
ESG policies, in contrast, are criteria led and require that they be embedded in the core of a business' strategy, rather than side lined. The power of ESG and in particular the ‘G’ lies in its integration into a business.
The momentum behind ESG is being driven by investors, asset managers, consumers, and employees demanding transparent, purpose-led business practices that align with their own values.
There is currently no single, agreed definition of what constitutes sustainable finance in the market. The ICMA has recently defined sustainable finance as incorporating climate, green and social finance while also adding wider considerations concerning the longer-term economic sustainability of the organisations that are being funded, as well as the role and stability of the overall financial system in which they operate. This definition draws on the G20 and EU definitions of sustainable finance.
Green financing is a loan or investment that supports environmentally-friendly activity, such as purchasing environmentally-friendly goods and services or building environmentally-friendly infrastructure. We offer this at Lloyds Bank primarily through our Clean Growth Financing Initiative, but we also offer green bonds and other green products.
*All lending is subject to status
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Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.