Our purpose and strategy
Our purpose is Helping Britain Prosper.
Across our Lex Autolease, Black Horse and Tusker brands, we are playing a significant role in the country’s sustainable transport transition, with one of the UK’s largest fleets of electric vehicles.
Surface transport, like cars and buses, is the biggest source of pollution in the UK, making up 26% of total emissions1. We want to help our customers make more sustainable decisions about how they travel, and help companies involved in transportation and vehicle manufacturing move to more energy efficient practices.
We’ve provided more than £7.6bn in funding for new EVs and plug-in hybrid vehicles since 2022, with our cars making up more than one in eight EVs on the UK’s roads.
We work with industry bodies and partners to help drive change, including The Climate Group – UK Electric Fleets Coalition and Electric Vehicle Fleet Accelerator (EVFA).
Along with expert partners, we have developed products and propositions to help customers understand the best way to transition to greener vehicles.
To support customers to improve their overall energy efficiency, we partner with suppliers to offer drivers charging solutions such as electric charging payment solutions, home chargers and smart energy tariffs.
We are working with corporate clients to set science-based targets and with government to ensure support for the transport sector’s sustainable transition.
The Future of Transport report brings together timely insight into the opinions, experiences and intentions of UK drivers and fleet managers operating in businesses across the economy.
In 2023, we were clear about what we needed from the UK Government. Those asks, combined with other government actions, saw the early adoption of electric cars take off.
However, there is still work to do for vans. And policy needs to stay very consistent if we are to see an environment which will provide the certainty, stability and incentives for mass adoption of electric vehicles.
As the UK’s largest financial services provider, we have an important role to play in creating a more sustainable and inclusive future for people and businesses, by shaping finance as a force for good.
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.
Electric vehicles remain key to the UK’s transition to a net zero economy, but there are still challenges to overcome.