Lloyds Banking Group is a major UK retail and commercial bank formed in 2009, offering mortgages, savings, insurance, and investment services.
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Lloyds has solid operational decarbonisation and renewable energy credentials, but its financed emissions—33 MtCO₂e annually—dwarf these gains. A 3.1:1 fossil fuel to green financing ratio, £16B in fossil fuel lending 2016-2023, and a December 2024 ASA greenwashing ban expose a bank financing climate destruction while reporting progress.
Lloyds Banking Group scores 38/100 (Below expectations) on SINK's independent climate assessment, scored from public data only. Fees pay for the review, never the result. Last verified May 2026.
That places Lloyds Banking Group joint 410th of 847 companies scored, and 21st of 51 in Financial Services / Banking.
Where Lloyds Banking Group sits among financial services / banking peers.
Among the 51 major financial services / banking brands we've scored, Lloyds Banking Group sits 21st of 51.
Its three lowest-scoring questions, and what the evidence didn't show.
But financed emissions static at ~33 MtCO₂e; InfluenceMap found 3.1:1 fossil fuel to green financing ratio 2020-2024, misaligned with IEA Net Zero 2050.
Limited public reporting on actual circularity outcomes; supplier tracking via Emerald Standard shows year-on-year improvement.
ASA upheld greenwashing complaint December 2024, banning LinkedIn ad claiming renewable energy financing while omitting 32.8 MtCO₂e financed emissions.
A score changes when the evidence does. We use new published evidence at the next rescore. Evidence that isn't public can count through an evidence review.
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Get in touch →Strongest on Carbon Footprint — Operations and Energy Source (8/10, 8/10). Weakest on Emissions Trajectory and Resource Use & Waste (4/10, 4/10).
The 3 companies in the sector scoring nearest above Lloyds Banking Group.
Santander operates strong renewable energy and operational emissions reductions but masks systematic financed emissions weakness.
See the breakdown →Deutsche Bank reports strong operational decarbonization but relies heavily on offsets and unbundled renewable certificates rather than genuine reduction.
See the breakdown →Standard Chartered has decarbonized operations dramatically (96% reduction since 2018) and joined RE100, but this masks a critical flaw: the bank finances $32 billion in fossil fuel expansion since Paris and continues bankrolling controversial LNG projects in biodiversity hotspots.
See the breakdown →Lloyds Banking Group's score has been reviewed 2 times and currently stands where it started, at 38.
v2.5.7 financed-emissions rule applied retroactively (record last scored before the rule): scale 0.7 -> 0.7, score 38 -> 38. No question marks changed.
Initial score at platform launch
The formula and all 13 sources.
Same ten questions for every company. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × Scale13 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.
11 of 14 sources are independent of the company.
If you believe a source has been misread or a newer version exists, submit a challenge.
Lloyds Banking Group is a major UK retail and commercial bank formed in 2009, offering mortgages, savings, insurance, and investment services. It operates across the UK with 75,306 employees and is a systemically important financial institution whose lending decisions shape energy transition outcomes.
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