Carbon emissions drop 15% despite more people admitting to not taking action to cut carbon

The UK’s carbon emissions dropped by 15% during the pandemic overall compared to the year before, according to analysis compiled by Lloyds Banking Group in partnership with the Carbon Trust.  The analysis considered the impact on carbon emissions resulting from changing consumer spending behaviour across six categories: food and drink, fuel, commuting, airlines, electrical stores and clothing stores.   Restrictions on international and domestic travel as well as the increase in working from home have been significant factors in the drop in carbon emissions. Emissions from commuting reduced by two thirds…

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Lloyds Banking Group delivers £9bn to social housing sector in just three years

Since 2018, Lloyds Banking Group has provided £9bn of funding to the UK’s social housing sector, outstripping its original £2.25bn funding commitment by £6.75bn over this period due to strong sector demand and the Group’s appetite to support more social housing and ESG (Environmental, Social and Governance) projects. The funding has been delivered by the Group’s Lloyds Bank, Bank of Scotland, Scottish Widows and Lloyds Bank Corporate Markets teams. Commitment to Social Housing The funding has aided the creation of more, high quality homes helping housing associations provide homes for…

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Lloyds Banking Group on its way to planting 10 million trees by 2030

Lloyds Banking Group planted 1 million trees over the last year as part of its ambition to help finance a green recovery and reduce the impact of climate change across the UK. Working alongside the Woodland Trust, the 10 year partnership focuses on planting new woodlands, expanding local community volunteering and providing support for the farming and agriculture sector. The partnership will significantly help towards the reforestation of the UK, increase the UK carbon sink and ultimately improve access to nature for people across the UK. It is estimated that…

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Consumers cut carbon with emissions down 12% on 2019

New data analysis from Lloyds Banking Group reveals carbon emissions resulting from six key consumer spending categories are 12% lower at the end of October than they were the year before. However, the analysis, which was compiled in partnership with the Carbon Trust, also found that emissions rose 26% between the second and third quarter of the year as spending increased on commuting and travel as some people headed back to the office and started to visit family, friends and places. The analysis considered the impact on carbon emissions resulting…

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Lloyds Banking Group launches The Big Conversation

Business and industry leaders, community members, political representatives and expert voices across the UK’s nations and regions will participate in conversations about the road to recovery from the economic effects of the coronavirus pandemic as part of an ambitious grassroots programme being launched by Lloyds Banking Group this summer. As part of The Big Conversation: Helping Britain Recover, Lloyds Banking Group will run a series of virtual events, initially focusing on small and medium-sized businesses, bringing together local and regional voices to explore the best road to recovery for their…

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