Lloyds Introduces Carbon and Biodiversity Trading Division
Lloyds Bank Launches Centre for Voluntary Carbon and Nature Markets
Lloyds Bank has announced the launch of a new centre of excellence for Voluntary Carbon and Nature Markets (VCNM) within its Business and Commercial unit. The centre, based in London, is part of Lloyd's Sustainability & Client Advisory division, which was established in 2021 to support the firm's largest corporate clients with their sustainability objectives.
The VCNM centre has been designed to guide clients through the evolving landscape of carbon and nature markets, with a focus on carbon credits and nature-based solutions. Its objectives include assisting corporate clients in developing sustainability strategies, aligning with their environmental goals and commitments, and enhancing market credibility by providing expert guidance and due diligence.
Emily Martin and Gabriella Carden have been appointed as co-Heads of the VCNM unit, bringing significant experience in sustainability and finance to the role. Emily Martin, who has been working at Lloyds Bank for over 10 years, most recently held the position of Director, Sustainability & ESG Finance. Gabriella Carden, who joined Lloyds Banking Group in 2011, was the Director, Lloyds Bank Corporate Markets (LBCM), Sustainability in her most recent role.
The launch of this centre underscores Lloyds Bank's commitment to supporting clients in achieving their sustainability objectives, particularly amid increasing demand for high-integrity carbon offsets and nature-based solutions. This move is part of a broader strategy to enhance the UK's clean growth initiatives and support the financial sector's engagement in environmental markets.
Hannah Simons, Head of Sustainability at Lloyds Corporate Markets, has made statements about the bank's commitment to supporting clients' sustainability objectives. She said, "We are delighted to launch this centre of excellence for Voluntary Carbon and Nature Markets. It reflects our commitment to helping our clients engage effectively in these markets and align with their environmental goals."
The VCNM centre is a growing part of the UK's clean growth strategy, with the voluntary carbon markets playing an increasingly important role in offsetting residual emissions and financing nature restoration. As such, the centre's work will have a broader impact, supporting companies in their efforts to address climate change and promote sustainable development.
- The Voluntary Carbon and Nature Markets (VCNM) centre at Lloyds Bank, a part of their Sustainability & Client Advisory division, aims to guide businesses towards sustainable finance by providing expert guidance on carbon credits and nature-based solutions, helping them align with their environmental goals and commitments.
- Emily Martin and Gabriella Carden, with their extensive experience in sustainability and finance, have been appointed as co-Heads of the VCNM unit, tasked with assisting corporate clients in developing sustainability strategies and enhancing market credibility through due diligence.
- Lloyds Bank's launch of the VCNM centre is not just a commitment to its clients but also a step towards strengthening the UK's clean growth initiatives and the financial sector's engagement in environmental markets, particularly in the context of increasing demand for high-integrity carbon offsets and nature-based solutions, ultimately supporting companies in their efforts to mitigate climate-change effects and promote sustainable development.