Lloyds Takes Action in Launching a Carbon and Natural Resources Trading Division
Lloyds Bank Launches Centre of Excellence for Voluntary Carbon and Nature Markets
Lloyds Bank has taken a significant step towards supporting its clients' sustainability objectives by launching a new Centre of Excellence for Voluntary Carbon and Nature Markets (VCNM). The centre, based in London, is part of the bank's Sustainability & Client Advisory division and is focused on navigating the evolving landscape of voluntary carbon and nature markets.
The VCNM centre aims to address transparency concerns in these markets and help clients meet science-based net-zero and sustainability goals, reflecting a key part of the UK’s clean growth strategy. The centre operates under the leadership of experienced sustainability professionals, Emily Martin and Gabriella Carden, who have been appointed as co-Heads of Voluntary Carbon and Nature Markets at Lloyds Bank.
Emily Martin, with a background in Sustainability & ESG Finance at Lloyds Bank, most recently served as Director. She has been at Lloyds Bank for over 10 years and brings a wealth of knowledge and expertise to her new role. Gabriella Carden, who joined Lloyds Banking Group in 2011, has experience in Sustainability at Lloyds Bank Corporate Markets (LBCM), having most recently served as Director.
Hannah Simons, Head of Sustainability, Lloyds Corporate Markets, has made statements regarding the bank's commitment to supporting clients' sustainability objectives. The appointments of Emily Martin and Gabriella Carden are part of Lloyds Bank's strategy to support its clients' involvement in the growing UK clean growth strategy.
The Sustainability & Client Advisory division was formed in 2021 to support the firm's largest corporate clients with their sustainability objectives. The VCNM centre at Lloyds Bank is a new centre of excellence for Voluntary Carbon and Nature Markets, and it is part of this division.
Voluntary Carbon and Nature Markets (VCNM) is a growing part of the UK's clean growth strategy, according to the statement. The centre's initiative aligns with broader efforts to enhance the integrity and growth of transition finance and environmental markets, supporting corporate decarbonization and nature-related economic activities.
This move by Lloyds Bank underscores the bank's commitment to sustainability and its efforts to help its clients navigate the complex world of voluntary carbon and nature markets. The centre's purpose is to provide expertise in sustainable finance and help clients effectively engage in these markets, ensuring they can meet their sustainability goals and contribute to the UK’s clean growth strategy.
[1] UK Government's Clean Growth Strategy [2] Lloyds Bank Press Release [3] Lloyds Bank's Sustainability & Client Advisory division
- The new Centre of Excellence for Voluntary Carbon and Nature Markets (VCNM) at Lloyds Bank is focused on supporting clients' science-based net-zero and sustainability goals, contributing to the UK Government's Clean Growth Strategy.
- The VCNM centre, under the leadership of Emily Martin and Gabriella Carden, aims to enhance the integrity and growth of transition finance and environmental markets, furthering the bank's efforts in sustainable finance and aligning with broader environmental-science initiatives.
- As part of Lloyds Bank's Sustainability & Client Advisory division, the VCNM centre serves to provide expert guidance in sustainable finance, helping clients effectively engage in voluntary carbon and nature markets, contributing to their own sustainability objectives and the UK's clean growth strategy.
