![]() By 2025, we aim to reduce emissions from our own direct operations – like how much paper we use or the waste we produce – by 50%, against a 2019 baseline. Getting our own house in order – and focusing on the changes we can make in our own operations – is also crucial to achieving our net zero ambition. We’re working with the conservation organisation WWF to bring together UK Government, food companies, farming organisations, financiers and NGOs to focus on financial and practical interventions to support farmers, such as incentives for farmers to collect data and the adoption of common metrics. ![]() We’re also engaging with industry and government to use our voice to influence the agenda on net zero policy and to help accelerate change. Through our asset finance arm Lombard, we’re working with the frozen foods manufacturer McCain Foods to offer its potato growers increased funding support and preferential terms to transition to regenerative agriculture. In February 2023, we announced a new collaboration with Places for People, British Gas Centrica and Schneider Electric – coordinated by Pineapple Sustainable Partnerships – on a pilot project to show that retrofitting homes, at scale, can be both an achievable and affordable goal. ![]() It must be a collaborative and wide-reaching effort, bringing together our partners, stakeholders and peers. We know that combatting climate change depends on powerful partnerships. After 31 December 2025, we will not renew, refinance or extend existing reserve based lending specifically for the purpose of financing oil and gas exploration, extraction and production. Which is why, in February 2023, we announced that we will not provide reserve based lending specifically for the purpose of financing oil and gas exploration, extraction and production for new customers. ![]() We want to send a strong signal that we’re serious about helping to end the most harmful activities. ![]()
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