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…
Read MoreConsumers 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…
Read MoreLloyds 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…
Read MoreLloyds Banking Group guarantees over £50 million to charitable foundations over two-year period
Lloyds Banking Group will guarantee a £25.5 million annual donation to its four independent charitable Foundations in 2021, securing a more certain future during these difficult times for small charities across the UK. The pandemic has created unprecedented difficulties for the charity sector with large drops in fundraising and funding coinciding with increased demand for services and costs to adapt to meet government guidelines. As the Foundation charities look to restore and recover, the early funding commitment from the Group will help to safeguard their future and the important work…
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