Lloyds Banking Group has been commended by the Carbon Disclosure
Project (CDP), which represents 551 institutional investors with
$71 trillion in assets under management, for its approach to the
disclosure of climate change information.
The Group is featured in CDP's "Carbon Disclosure Leadership
Index." This index, a key component of CDP's annual FTSE 350
report, highlights the constituent companies within the FTSE 350
Index which have displayed the most professional approach to
corporate governance regarding climate change information
disclosure practices. Companies are scored on their climate change
disclosure and high scores indicate good internal data management
and understanding of climate change related issues affecting the
company.
The index, compiled by PwC on behalf of CDP provides an evaluation
tool for institutional investors and other stakeholders. In 2011 it
comprises 36 companies from the FTSE 350 Index based on analysis of
the responses to CDP's questionnaire which focused on greenhouse
gas emissions, emissions reduction targets and risks and
opportunities associated with climate change.
Truett Tate, Vice Chairman and Board Champion for Climate Change
and
Environmental Issues said:
"We are again delighted to have achieved this important recognition
from the Carbon Disclosure Project. Our vision is to be recognised
by our stakeholders as a leading environmentally responsible
organisation. We have an important role to play in facilitating and
financing the transition to a low-carbon, resource-efficient
economy and we believe that by leading the way in this we move ever
closer to achieving our stated aim of being recognised as the UK's
best bank for customers."
Paul Simpson, chief executive officer of the Carbon Disclosure
Project, commented:
"Companies that make the Carbon Disclosure Leadership Index have
demonstrated good internal data management practices for
understanding greenhouse gas emissions. They have shown a strong
awareness of the business issues related to climate change
including climate-related risks and opportunities. Those
organisations that give clear consideration to measuring
and reporting on climate change issues will be best placed to
capitalise on the opportunities from managing them."
The FTSE 350 report including names of companies featured in the
Carbon
Disclosure Leadership Index can be found at www.cdproject.net.
-ends- Notes to Editors:
About Lloyds Banking Group's environmental agenda
• Lloyds Banking Group has launched a comprehensive,
groupwide environmental action plan aimed at reducing energy use by
30% and business travel by 20% by 2020.
• The Group is a leading renewable energy bank globally,
having arranged or underwritten finance for over 45 deals with £2.6
billion committed.
• We are also currently the only major UK bank to help
small businesses manage environmental risks and identify commercial
opportunities that could give them a competitive edge, and have put
in place a network of over 600 Business & Environment Managers
to support them.
• The Group recognises that harnessing the enthusiasm of
its colleagues will help it achieve its environmental goals. Over
800 employees have joined the Group's Sustainability Network
community as supporters. Champions and project team members have
volunteered to take forward the delivery of a raft of schemes to
improve the Group's environmental performance.
About CDP
The Carbon Disclosure Project (CDP) is an independent
not-for-profit organisation providing a transformative global
system for companies to measure, disclose, manage and share climate
change information. Some
3,000 organisations across the world's largest economies now
measure and disclose their greenhouse gas emissions and assessment
of climate change risk and opportunity through CDP, in order that
they can set reduction targets and make performance improvements.
This data is gathered on behalf of 551 institutional investors,
holding US$71 trillion in assets. For more information visit www.cdproject.net.
For further information:
Heather Scott 07770 643840 heatherscott@halifax.co.uk