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# Lloyds Banking Group Deploys GBP 1.654 Billion in Green Bond Proceeds, Avoiding 931,948 Tonnes of CO2 Annually
- URL: https://www.theglobalbanker.com/lloyds-banking-group-deploys-gbp-1-654-billion-in-green-bond-proceeds-avoiding-931-948-tonnes/
- Published: 2025-04-29T09:54:00.000Z
- Updated: 2026-10-20T12:47:59.000Z
- Description: Lloyds Banking Group reported GBP 1.654 billion in green bond proceeds allocated at end-2024 against a GBP 37.2 billion eligible green asset portfolio, avoiding 931,948 tCO2e per year.
- Author: TGB Editorial Team
- Tags: ESG, Europe, #archive

Lloyds Banking Group has published its 2024 Sustainable Bonds Allocation and Impact Report, disclosing that GBP 1.654 billion in green bond proceeds had been raised and allocated against an underlying eligible green asset portfolio valued at GBP 37.18 billion. The report provides allocation data across four eligible categories: green residential buildings, green commercial buildings, renewable energy and clean transportation.

The environmental impact figures show that the financed activities collectively avoided an estimated 931,948 tonnes of carbon dioxide equivalent per year. Renewable energy projects accounted for the largest share at 516,571 tCO2e avoided annually, followed by clean transportation at 229,311 tCO2e and green buildings at 186,066 tCO2e. 

#### GREEN ASSET PORTFOLIO SPANS FOUR CATEGORIES

The eligible pool is more than twenty times the value of green bond proceeds raised.

Green commercial buildings, renewable energy project finance and clean transportation lending complete the four-category structure. Lloyds reports under the International Capital Market Association's green bond principles.