Lloyds Banking Group PLC

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	Lloyds Banking Group PLC has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company has clearly identified specific climate policies it has engaged with, such as the "Department for Transport Policy design features for the car and van zero emission vehicle (ZEV) mandate," the "Stamp Duty Land Tax (SDLT)" with energy performance disclosure and improvement targets, and the "Department for Transport Green Paper on a New Road Vehicle CO2 Emissions Regulatory Framework for the UK." It also supported the 2021 Global Investor Statement to Governments on the Climate Crisis ahead of COP26. These disclosures provide detailed information about the policies' focus, objectives, and geographical scope. The company has also been transparent about its lobbying mechanisms, detailing direct engagements such as written responses to consultations, bilateral and multilateral calls with government officials, and participation in events hosted by organizations like the British Vehicle Rental and Leasing Association (BVRLA). Specific targets of its lobbying efforts include high-level government officials such as the "First Minister of Scotland," "Exchequer Secretary to the Treasury," and representatives from "No10," "HMT," and "Welsh Government." Furthermore, Lloyds Banking Group has been explicit about the outcomes it seeks, such as advocating for higher trajectory targets for vans, linking vehicle supply policies to charging infrastructure rollout, and supporting SDLT relief to incentivize energy-efficiency improvement works. It also aims to increase affordability in the second-hand EV market through a residual value guarantee scheme and supports the development of a robust framework for road vehicles to meet phase-out deadlines. This level of detail and clarity illustrates the company's strong commitment to transparency in its climate lobbying activities.	4

Lobbying Governance

Overall Assessment	Comment	Score
Strong	The organization demonstrates strong governance in its climate lobbying alignment processes. It has established a structured oversight mechanism through its Group Net Zero Committee (GNZC), which includes representatives from various areas of the Group, including Group Corporate Affairs (GCA), to ensure alignment of engagement activities with its climate change strategy. The GNZC facilitates "two-way communication and discussion between each area of the Group and GPA to ensure alignment of our engagement activities with our strategy." Additionally, the company monitors public policy campaign activities through the GNZC, conducting "regular deep dives on engagement activity across specific sectors." Responsible parties for oversight are clearly identified, with requests reviewed at the Director level of relevant business areas and approvals obtained from senior leadership, such as the Group Director or CEO. This indicates strong governance with clear monitoring mechanisms and accountability structures in place.	3