Lloyds Bank Establishes ESG Team for Corporate Clients
(14 April 2021 – United Kingdom) Lloyds bank has established a specialist Environmental, Social and Governance (ESG) team to help corporate clients make their businesses more sustainable.
The new team will provide clients with ESG products and services as well as ongoing support to help businesses meet regulatory standards. Lloyds announced last year its commitment to working with both clients and government to reduce the carbon emissions of the businesses and projects it finances by more than 50 percent by 2030.
Jonas Persson, current head of sustainable and natural resources in the bank’s corporate and institutional coverage division, will lead this new team.
“Sustainability has rightly been on the corporate agenda for a number of years, with the Paris Agreement and the United Kingdom’s net-zero legislation in 2019 focusing minds on the measures needed to tackle climate change. Finance has a key role to play in that, both in funding new, greener projects and incentivising corporates to continue making sustainable changes to their businesses” commented Lloyds Bank Head of Sustainability and ESG Finance, Jonas Persson
“The new team will combine deep experience in structuring sustainable finance products across many sectors with expertise and insights to help clients make the right decisions for their firms and the environment. Our investment in this area reflects our belief in the role that business has to play in building a more sustainable society and our own commitment to being a leading sustainable bank” Mr Persson added.