Lloyds Banking Group

Overall approach

4/16
- Overarching commitment on deforestation
  
  4/16
  
  Deforestation commitment
  
  Signatory to BEI
  
  4/16
  
  "The Group is a signatory to The Banking Environment Initiative & Consumer Goods Forum ‘Soft Commodities’ Compact, which supports transformation of the soft commodities supply chain and drives efforts toward zero deforestation by 2020."
  
  Open source document
Commodity score

24/64
- Beef & Leather
  
  13/64
  - Commitment Strength
    
    13/42
    - Commodity-specific financing policy
      
      0/9.6
      - Commitment details
        No
        
        0/8
        
        Commitment details
        
        No
        
        0/8
        
        Type of policy: No policy
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Companies must be legally operated
      
      5.6/5.6
      - Commitment details
        Entire supply chain - Require
        
        4/4
        
        Commitment details
        
        Entire supply chain - Require
        
        4/4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      7.6/9.6
      - Commitment details
        All high priority landscapes - Encourage
        
        6/8
        
        Commitment details
        
        All high priority landscapes - Encourage
        
        6/8
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
    - Assurance mechanism to ensure compliance
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Commitments must be timebound
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
- Palm oil
  
  34/64
  - Commitment Strength
    
    34/42
    - Commodity-specific financing policy
      
      9.6/9.6
      - Commitment details
        Yes
        
        8/8
        
        Commitment details
        
        Yes
        
        8/8
        
        Type of policy: Reduce deforestation
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
    - Companies must be legally operated
      
      5.6/5.6
      - Commitment details
        Entire supply chain - Require
        
        4/4
        
        Commitment details
        
        Entire supply chain - Require
        
        4/4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      7.6/9.6
      - Commitment details
        All high priority landscapes - Encourage
        
        6/8
        
        Commitment details
        
        All high priority landscapes - Encourage
        
        6/8
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
    - Assurance mechanism to ensure compliance
      
      5.6/5.6
      - Commitment details
        Require
        
        4/4
        
        Commitment details
        
        Require
        
        4/4
        
        Certification scheme (if applicable): RSPO
        Verification method: Certification Scheme
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Commitments must be timebound
      
      5.6/5.6
      - Commitment details
        Require
        
        4/4
        
        Commitment details
        
        Require
        
        4/4
        
        Type of policy: Compliance is prerequisite for financing
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include [...] the Roundtable on Sustainable Palm Oil (RSPO) membership/certification."
        
        Open source document
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
- Soy
  
  13/64
  - Commitment Strength
    
    13/42
    - Commodity-specific financing policy
      
      0/9.6
      - Commitment details
        No
        
        0/8
        
        Commitment details
        
        No
        
        0/8
        
        Type of policy: No policy
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Companies must be legally operated
      
      5.6/5.6
      - Commitment details
        Entire supply chain - Require
        
        4/4
        
        Commitment details
        
        Entire supply chain - Require
        
        4/4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      7.6/9.6
      - Commitment details
        All high priority landscapes - Encourage
        
        6/8
        
        Commitment details
        
        All high priority landscapes - Encourage
        
        6/8
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We review customer operations in High Conservation Value Forests, UNESCO World Heritage Sites, UNESCO Ramsar Sites, UNESCO Man & Biosphere Sites or IUCN Cat I-IV Sites".
        
        Open source document
    - Assurance mechanism to ensure compliance
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Commitments must be timebound
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
- Timber, Pulp & Paper
  
  34/64
  - Commitment Strength
    
    34/42
    - Commodity-specific financing policy
      
      9.6/9.6
      - Commitment details
        Yes
        
        8/8
        
        Commitment details
        
        Yes
        
        8/8
        
        Type of policy: Reduce deforestation
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
    - Companies must be legally operated
      
      5.6/5.6
      - Commitment details
        Entire supply chain - Require
        
        4/4
        
        Commitment details
        
        Entire supply chain - Require
        
        4/4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "We expect our customers to comply with applicable international conventions, sanctions and embargoes, legislation, and licensing requirements. We also expect them to show a clear commitment to robust Ethical, Social and Environmental Risk (ESE Risk) management, including Health & Safety, environmental and social impact, and evidence of a good, track record for transparency in the way they manage these and other risks".
        
        Open source document
    - Companies must protect priority forests or globally important landscapes
      
      7.6/9.6
      - Commitment details
        All high priority landscapes - Encourage
        
        6/8
        
        Commitment details
        
        All high priority landscapes - Encourage
        
        6/8
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
    - Assurance mechanism to ensure compliance
      
      5.6/5.6
      - Commitment details
        Require
        
        4/4
        
        Commitment details
        
        Require
        
        4/4
        
        Certification scheme (if applicable): FSC
        Verification method: Certification Scheme
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Commitments must be timebound
      
      5.6/5.6
      - Commitment details
        Require
        
        4/4
        
        Commitment details
        
        Require
        
        4/4
        
        Type of policy: Compliance is prerequisite for financing
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all operations and financing
        All
        
        0.4/0.4
        
        Policy applies to all operations and financing
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all deals
        All
        
        0.4/0.4
        
        Policy applies to all deals
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all companies
        All
        
        0.4/0.4
        
        Policy applies to all companies
        
        All
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
      - Policy applies to all stages of the supply chain
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        Policy applies to all stages of the supply chain
        
        Producers; Processors; Traders; Manufacturers; Retailers
        
        0.4/0.4
        
        "Lloyds Banking Group requires its customers to comply with relevant industry standards. These include but are not limited to the Forest Stewardship Council (FSC) certification [and] Programme for the Endorsement of Forest Certification (PEFC)."
        
        Open source document
  - Social Considerations
    
    0/22
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        No
        
        0/0.4
Reporting & Implementation

10/20
- Policy is reviewed and updated
  
  5/5
  
  Policy review
  
  Commit to update policy - Annually or more frequent
  
  5/5
  
  "During 2018, we reviewed our external sector statements to confirm that they align to our sustainability strategy and consider appropriate climate-related risk[...]In 2019, we will review these statements again and consider developing statements for other sectors and topics".
  
  Open source document
- Companies must disclose subsidiaries in commodity supply chains
  
  0/5
- Monitoring and non-compliance process
  
  5/5
  
  Monitoring compliance
  
  Yes - Screening and monitoring process
  
  5/5
  
  "We periodically review all of our lending customers in the forestry (incl. Palm Oil) sector. Where they appear to be operating outside of our risk parameters, we work with them to understand how they plan to our requirements. If this does not happen, wewill stop lending to them at the earliest opportunity."
  
  Open source document
- Reporting on implementation of the policy
  
  0/5
Commitment strength

24/42

Avg. score
Social considerations

0/22

Avg. score

Profile

Lloyds Banking Group plc are financial services group headquartered in the UK serving individual and commercial clients. Their services include banking (retail, commercial and corporate), insurance, pensions and investments. As of 2017, their total assets amount to over £810 billion with loans of over £450 billion. Lloyds Banking Group plc are in top 50 lenders to Forest 500 companies, with more than 5.3 billion USD across a broad range of forest risk sectors.

United Kingdom

Financial institution type

Asset management, Bank, Insurance Company

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Full finance sector performance data Forest 500 assessment methodology

More financial institutions

VTB Group

Temasek

Western & Southern Mutual Holding Company, Inc.

Thrivent Financial

White Mountains Insurance

Yayasan Pelaburan Bumiputra

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.