Finance / Energy / Business / Climate / Banking / Companies / Lloyds Banking Group / Climate change / Fossil fuels / Barclays

Lloyds set to halve carbon emissions it finances in 10 years

Posted On: 21 Jan 2020   |   Posted By: The Guardian

Bank said it would create ‘green products and services' such as energy efficiency mortgages Environmental campaigners have welcomed a pledge by Lloyds Banking Group to halve the amount of carbon emissions it finances through personal and business loans by 2030. The commitment comes as lenders face heightened criticism over their role in fuelling the climate crisis by funding projects and companies that rely heavily on fossil fuels.

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