Lloyds to grant green loans to 10million sq ft of property

Lloyds Banking Group has decided to fund 10 million sq ft of commercial real estate with green loans to help businesses become more energy efficient by 2020. The initiative, part of its 2017 Helping Britain Prosper Plan, marks the first time Lloyds Banking Group has included an environment target under its plan. The firm said its goal is to demonstrate “commitment to support green business initiatives and incentivize low carbon real estate.” António Horta-Osório, chief executive of Lloyds Banking Group said: “The Helping Britain Prosper Plan captures the commitments we’re making to help the country economically and socially, which as a UK focused retail and commercial bank we are uniquely placed to do.”