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# Lloyds Banking Group added nuclear energy to its sustainable financing framework
- URL: https://www.theglobalbanker.com/lloyds-banking-group-added-nuclear-energy-to-its-sustainable-financing-framework/
- Published: 2026-02-13T15:37:00.000Z
- Updated: 2026-10-18T13:50:35.000Z
- Description: The 2025 edition of the framework made nuclear energy generation an eligible green activity, while keeping the zero-emission-only threshold for clean transport lending in force since January 2025.
- Author: TGB Editorial Team
- Tags: ESG, Europe, #archive

Lloyds Banking Group published the 2025 edition of its Sustainable Financing Framework in February 2026, adding nuclear energy generation as an eligible green activity. A second-party opinion on the framework from DNV, dated 8 January 2026, was published on 13 February 2026.

The framework sets the criteria under which the group classifies lending as green, social or sustainability-linked across three divisions: Consumer Lending, Business and Commercial Banking, and Corporate and Institutional Banking. Lloyds said the nuclear addition followed the UK government's position on the technology.

#### NUCLEAR ELIGIBILITY CRITERIA

Eligible nuclear activities include the construction, operation, acquisition and refurbishment of nuclear facilities, as well as the deployment of advanced technologies such as small modular reactors. Projects must comply with International Atomic Energy Agency guidance and standards and with the requirements of the host jurisdiction, and UK projects must meet the National Policy Statement for Nuclear Energy Generation. Projects that fail waste management or safety assessments, or whose lifecycle greenhouse gas emissions exceed 100 gCO2e/kWh, are excluded.

The 2025 edition also introduced Real Estate Transition-Linked Loans as a named subset of financing for Corporate and Institutional Banking clients.

#### EARLIER CHANGES REMAIN IN PLACE

The new edition retains changes made in the 2024 framework. Under those, clean transportation criteria were tightened so that, from 1 January 2025, only vehicles with zero direct CO2 emissions qualify, removing plug-in hybrids from eligibility. The 2024 edition also made the criteria for energy storage, carbon capture and storage, climate adaptation and sustainable agriculture more specific.

DNV concluded that the framework aligns with the Loan Market Association's 2025 Green Loan Principles, Social Loan Principles and Sustainability-Linked Loan Principles. On nuclear, it found the activity consistent with the Green Loan Principles, citing the safeguards and exclusion criteria set by Lloyds and alignment with UK government transition policy.