Lloyds Bank Introduces Specialty Unit for Carbon and Natural Resources Trading
Lloyds Bank Strengthens Position in Voluntary Carbon and Nature Markets with New Centre of Excellence
Lloyds Bank has launched a new centre of excellence for Voluntary Carbon and Nature Markets (VCNM), aiming to guide the bank’s corporate clients through the evolving landscape of these markets. The centre, based in London, will provide expert advisory within Lloyds’ Sustainability & Client Advisory division, focusing on enhancing market credibility, transparency, and alignment with science-based targets.
The VCNM centre is poised to play a critical role in assisting clients with decarbonization efforts by leveraging voluntary carbon markets and nature-based solutions. This initiative supports clients in achieving their environmental and net-zero goals, as part of Lloyds Bank's commitment to supporting clients in their pursuit of sustainability objectives.
The co-Heads appointed to lead this centre are Emily Martin and Gabriella (Gaby) Carden. Emily Martin, who has been with Lloyds for over 10 years, was recently Director of Sustainability & ESG Finance, while Gabriella Carden joined Lloyds in 2011 and was most recently Director of Lloyds Bank Corporate Markets (LBCM), Sustainability.
The Sustainability & Client Advisory division, launched by Lloyds Bank in 2021, supports Lloyd's largest corporate clients with their sustainability objectives. This division, along with the VCNM unit, forms part of a broader effort to assist large corporate clients with sustainability objectives.
Gabriella Carden's expertise is in the area of voluntary carbon and nature markets, while Emily Martin's expertise lies in sustainable finance. The appointments are expected to strengthen Lloyds Bank's position in the voluntary carbon and nature markets sector and are strategic moves within Lloyds Bank's Sustainability & Client Advisory division.
Hannah Simons, Head of Sustainability at Lloyds Corporate Markets, made a statement expressing the bank's commitment to supporting clients in their sustainability efforts:
We are committed to supporting our clients in their pursuit of sustainability objectives. The launch of our new centre of excellence for Voluntary Carbon and Nature Markets is a significant step forward in this journey. We are confident that under the leadership of Emily and Gaby, our clients will benefit from expert guidance and advice as they navigate the complexities of voluntary carbon and nature markets.
The VCNM centre is aligned with the UK's clean growth strategy and growing financial sector engagement in sustainability markets. The appointments of Emily Martin and Gabriella Carden as co-Heads of Voluntary Carbon and Nature Markets are aimed at helping Lloyds Bank clients engage effectively in these markets.
[1] Lloyds Bank Press Release
[2] Financial Times Article
- Lloyds Bank's new Voluntary Carbon and Nature Markets (VCNM) center, strengthened by the appointments of Emily Martin and Gabriella Carden as co-Heads, will provide expert advisory within Lloyds’ Sustainability & Client Advisory division, helping clients engage effectively in the growing voluntary carbon and nature markets.
- The VCNM center, part of Lloyds Bank's broader effort to support large corporate clients with sustainability objectives, is aligned with the UK's clean growth strategy and growing financial sector engagement in sustainability markets, aiming to enhance market credibility, transparency, and alignment with science-based targets.
- The launch of the VCNM center and the appointments of Emily Martin, with expertise in sustainable finance, and Gabriella Carden, known for her work in the voluntary carbon and nature markets, are strategic moves within Lloyds Bank's Sustainability & Client Advisory division, demonstrating their commitment to sustainable finance and business practices as part of the bank's mission to guide clients through the evolving landscape of voluntary carbon and nature markets.
