Since its foundation on 3 June 1765, Lloyds Bank has been serving the households, businesses and communities of Britain, offering a comprehensive range of financial products and services – including current accounts, savings, mortgages, loans and credit cards.
In 2016, the bank launched a first of its kind green lending fund for commercial property. Lloyds Bank worked with Trucost to create a tool to benchmark sustainability performance to assess the initial eligibility for the green loan and to agree appropriate energy/CO2 saving KPIs that borrowers will have to meet or maintain to benefit from the margin improvement.
“With the built environment responsible for almost 40 per cent of energy consumption as well as 36 per cent of carbon emissions in the UK, incentivising and supporting green improvements for our real estate clients is a priority area of focus. At the same time, we see significant investor interest in green and sustainable assets across the capital markets spectrum. Therefore, we want to continue to take the lead in innovating products in order to help spur growth in this essential market.”