• We will stop lending to and underwriting companies with more than 15% of activities related to coal, unless they have a credible transition plan in line with 2015 Paris Agreement* by the end of 2021
• We will stop lending to and underwriting major oil and gas producers unless they have a credible transition plan in line with the 2015 Paris Agreement by the end of 2021

*The Paris Agreement is the first-ever universal, legally binding global climate change agreement, adopted at the Paris Climate Conference in December 2015

• We will support customers in the UK & Republic of Ireland who have mortgages with us to become more energy efficient. Our aim is to have 50% of the mortgages we provide at or above Energy Performance Certificate (EPC) rating C or equivalent by 2030 

• We will help customers track their carbon impact with innovative products and services, delivered through cross-industry collaboration. For example, we will be piloting the CoGo carbon footprint tracking feature in October 2020 – find out more and join our pilot.

• We’ve added an additional £20bn of funding and financing to Climate and Sustainable finance between now and 2022
• We reserve at least 25% of places in our Entrepreneur accelerator hubs for businesses supporting environmental activities

• We will quantify our own total climate impact and define sector-level targets by 2022 
• We are revising executive pay to reflect hitting climate targets

Further initiatives and partnerships are being developed and will be announced through the course of the year.

We are a leading lender to the UK renewables sector by number of transactions in the past decade (2009-2019).

We have provided £9.9bn to sustainable energy funding and financing to the sustainable energy sector between 2018-20 (and met our £10bn target substantively 1 year early).

We have reduced emissions from our own operations by 61% since 2014.

We have market leading policies on reducing the most harmful activities, including prohibitions on project financing for coal power plants, thermal coal mines, oil sand or arctic oil projects. In February, we announced further changes to our policy to prohibit project financing for fracking or oil and gas exploration.

We are a founding signatory of the UN Environment Programme Finance Initiative’s (UNEP FI) Principles for Responsible Banking which commits us to align our strategy with the overall objectives of the 2015 Paris Agreement.

We are the joint-first company globally to commit to all three of the Climate Group’s initiatives on electric vehicles (EV100), renewable energy (RE100) and energy productivity (EP100).