Direct emissions
16,200,000
tCO2e
L
Lloyds Banking Group PLC
Explore carbon emissions data for Lloyds Banking Group PLC. Mycelium helps you review reported emissions, disclosure status, Scope 1, Scope 2 and Scope 3 data, climate targets and sustainability information in one company profile.
This profile brings together available carbon emissions data for Lloyds Banking Group PLC, including reported figures, modelled estimates, disclosure documents and sustainability indicators, so you can review its emissions and compare its performance against similar companies. Read how we source and check this data.
Emissions
Carbon emissions
Total yearly emissions across all scopes
79,563,334 tCO2e
Scope 1
tCO2e
16,200,000
Scope 2
tCO2e
2,400,000
Scope 3 total
tCO2e
60,963,334
Scope 3 reported
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
Provenance
Emissions
Factors
4,317,290
kgCO2e / £M
Supplier specific emission factors (kgCO2e / £M)
Modelled
Reported
Scope 1 + 2
Direct + purchased energy
1,009,279
1,009,279
Upstream
+ upstream Scope 3
1,042,644
1,037,056
Total
+ all Scope 3
4,317,290
4,210,755
Which figure should I use?
Use Modelled. It is the most complete view: any categories the company hasn't disclosed are filled with industry-typical estimates, so a transparent company isn't unfairly penalised against one that simply hasn't reported.
Reported counts only emissions the company has filed itself. A blank or low Reported cell doesn't mean those emissions don't exist, just that the company hasn't disclosed them.
When Reported sits close to Modelled, that is a positive signal. The company has disclosed most of its salient emissions and there's little gap for the model to fill. Even then, Modelled is the right figure to use for a like-for-like comparison across companies.
Sustainability
Snapshot
Based on reported data, retrieved with AI
- Lloyds Banking Group PLC reported 79,563,334 tCO₂e in 2024.
- Scope 3 accounted for 77% of emissions.
- Reported across 3 of 15 GHG Protocol Scope 3 categories.
According to available emissions disclosures, Lloyds Banking Group PLC reported total yearly emissions of 79,563,334 tCO₂e in 2024. Scope 3 emissions accounted for 77% of reported output, indicating supply chain activity, purchased goods and services, business travel, and wider operational dependencies were the most significant contributors to the company's carbon footprint.
The company achieved a Mycelium Score of 0.5, placing it well below average for its sector for sustainability performance, and received a transparency score of 28.5, pointing to very little public detail on their key emissions.
Total Emissions across all scopes
79,563,334 tCO2e
Scope 1 emissions
Direct emissions from sources the company owns or controls, such as fuel use, facilities and vehicles.
Scope 2 emissions
Indirect emissions from purchased energy, including electricity, heating and cooling.
Location based
2,400,000
tCO2eMarket based
–
tCO2eScope 3 emissions
Wider value chain emissions across the 15 GHG Protocol categories, from purchased goods and business travel to investments, where reported.
Cat 1
Purchased goods & services
350,383
tCO2eCat 2
Capital goods
76,742
tCO2eCat 3
Fuel & energy related activities
20,594
tCO2eCat 4
Upstream transportation & distribution
84,784
tCO2eCat 5
Waste generated in operations
20,594
tCO2eCat 6
Business travel
20,594
tCO2eCat 7
Employee commuting
20,594
tCO2eCat 8
Upstream leased assets
20,594
tCO2eCat 9
Downstream transportation & distribution
20,594
tCO2eCat 10
Processing of sold products
20,594
tCO2eCat 11
Use of sold products
1,290,583
tCO2eCat 12
End-of-life treatment of sold products
20,594
tCO2eCat 13
Downstream leased assets
20,594
tCO2eCat 14
Franchises
20,594
tCO2eCat 15
Investments
466,807
tCO2e12 values were derived via Mycelium's normalisation process rather than reported by the company. Cells marked “–” were not disclosed.
Contact Info
Website
www.lloydsbankinggroup.comAddress
The Mound
Edinburgh
Edinburgh
Edinburgh
EH1 1YZ
Country
United Kingdom
Phone
+44 20 7626 1500Browse carbon emissions data by industry
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How scoring works
How the Mycelium Score is calculated
The Mycelium Score is out of 10. Up to 6.5 points reflect carbon intensity vs sector peers (emissions normalised against revenue). The remaining 3.5 reflect data quality: third-party verified, profile claimed by the company, and full disclosure across all reporting categories.
A higher score means lower carbon intensity than sector peers, backed by data that's third-party verified, claimed by the company, and fully disclosed. Lloyds Banking Group PLC's score sits at the top of this page and in the score panel.
How the Transparency Score is calculated
The Transparency Score measures how much of a company's key emissions data is publicly disclosed, graded from A (very high) down to F (very low). Crucially, it weights each gap by how material that bucket is for the company's industry, so an undisclosed category where the bulk of emissions sit hurts far more than a minor one.
For Lloyds Banking Group PLC, the single biggest gap is Use of sold products (Scope 3 Category 11). Mycelium estimates it accounts for around 6% of the company's total footprint, typically the largest source of emissions for a Services company, yet it hasn't been disclosed. Leaving a bucket this large unreported is what's holding the transparency score down.
In total, roughly 6% of Lloyds Banking Group PLC's estimated emissions sit in categories it hasn't reported. Disclosing these would be the fastest way to raise the transparency score.
Read the full scoring methodology
Our white paper covers exactly how the Mycelium Score and Transparency Score are calculated, including the normalisation process and what earns a 10/10.
Download the white paper (PDF)
Lloyds Banking Group PLC carbon emissions FAQs
What are Lloyds Banking Group PLC's carbon emissions?
In its 2024 reporting year, Lloyds Banking Group PLC disclosed total emissions of 79,563,334 tCO2e across all scopes. Scope 3 accounted for the largest share, around 77% of the total.
Does Lloyds Banking Group PLC report Scope 1, Scope 2 and Scope 3 emissions?
For 2024, Lloyds Banking Group PLC's available disclosure covers Scope 1 (16,200,000 tCO2e), Scope 2 (2,400,000 tCO2e), Scope 3 across 3 of the 15 GHG Protocol categories. Figures not reported by the company are shown as modelled estimates and labelled as such.
How transparent is Lloyds Banking Group PLC's emissions reporting?
Lloyds Banking Group PLC has a Mycelium transparency score of 28.5 out of 100. The score weights each emissions category by how material it is for the company's industry, so it reflects whether the disclosures that matter most have been made.
Is Lloyds Banking Group PLC sustainable?
Mycelium measures sustainability through carbon emissions data rather than giving a yes or no verdict. Lloyds Banking Group PLC has a Mycelium Score of 0.5 out of 10, which reflects its emissions intensity against sector peers together with how transparent and well-verified its reporting is. The emissions figures, disclosure documents and climate targets on this page give the fuller picture.
Is Lloyds Banking Group PLC environmentally friendly?
Carbon emissions are one measurable part of environmental impact, and the part Mycelium tracks. Lloyds Banking Group PLC disclosed 79,563,334 tCO2e for 2024, and its Mycelium Score of 0.5 out of 10 shows how that performance compares with similar companies in its sector.
Learn more about our methodology and where this data comes from.
