We're working with customers, government and the market to reduce the carbon emissions we finance by more than 50% and halve the carbon footprint of our investments by 2030.

Our ambition is to achieve net zero by 2050 or sooner

Transition to net zero and protecting nature

We know time is critical and the next few years will be decisive in tackling climate change. We have a key role to play in transitioning the UK economy towards net zero, and our focus is on financing the transition to build a more sustainable future.

Our business impacts and depends on nature, and supporting nature’s recovery is essential in climate change mitigation and adaptation.

Protecting and restoring nature goes hand-in-hand with supporting the transition to a low carbon economy, and ultimately Helping Britain Prosper.

Our approach

Our approach centres on four key systems where we can leverage our scale and expertise to address environmental issues across climate and nature.

We're focussing on where we live, the energy we use, how we move and how we farm to support the transition to a more sustainable and inclusive society.

Sustainable buildings

As the UK's largest mortgage lender, we're working to help increase customer awareness and encourage the purchase of energy efficient properties or the retrofit of existing ones.

Energy transition

We're committed to supporting the transition of our energy system. 

We are supporting the shift to renewable energy, while reducing our reliance on more carbon intensive sectors.

Sustainable transport

We finance 1 in 8 ULEVs on UK roads today, and are committed to supporting the net zero transition of our transport system.

Sustainable farming

We are the largest lender to the UK's agricultural sector and are committed to supporting farmers as they start to move towards more sustainable farming practices.

'Building a sustainable and inclusive future' report cover.

Sustainability Report 2023

This report provides an update on our progress towards the Group's sustainability ambitions, sustainable and inclusive growth opportunities for the Group and activities we are undertaking to understand our ESG-related risks. It also includes our climate transition plan.

Download the report

 

Projects for Nature

To support the preservation and restoration of the UK’s natural environment, the Group is the first founding partner of Projects for Nature.

These projects aim to restore nature and engage communities to address national nature recovery priorities including flood management, wildlife corridors and regenerative agriculture.
 

Projects for Nature

We have donated £250,000 into three nature recovery projects in England through Projects for Nature.

Report: Working with nature

Integrating nature-based solutions across urban environments and landscapes

Developed by the Group, with input from RSPB, this latest report showcases nature-based solutions in action across the UK, and the raft of positive outcomes these can bring for nature, climate and people. 

Read full report PDF opens in a new tab (PDF), 0.5MB.

Implementing nature based solutions

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Our operations and supply chain

Getting our house in order

Reducing the carbon footprint of our own operations is a key part of our sustainability strategy.

We'll continue expanding our use of energy efficient technology, remove all use of natural gas from our estate and create more sustainable branches in communities across the UK. 

We recognise the environmental impact of working collaboratively with our suppliers to tackle climate change in a way that is aligned with our purpose. Our Emerald Standard sets clear environmental and social expectations of our suppliers that we ask them to work towards.

Operational emissions

 

Our commitments

Reduce our supply chain emissions by 50% by 2030 on the path to net zero by 2050 or sooner

Achieve net zero operations by 2030 and reduce our direct carbon emissions by at least 90%

 

 

Case study: Rewilding The Mound

Working with the Scottish Wildlife Trust to develop a plan to enhance biodiversity at The Mound, our main Edinburgh office.

We've created stepping stone habitats for species to travel around the city, including pollinators and rare species.

Rewilding The Mound

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