Lloyds Introduces Carbon and Environment Trading Division
Lloyds Bank has announced the launch of a new center of excellence for Voluntary Carbon and Nature Markets (VCNM). The London-based unit, part of Lloyd's Sustainability & Client Advisory division, will operate within Lloyd's Business and Commercial unit and aims to guide the bank’s clients through the evolving landscape of carbon and nature markets.
Emily Martin and Gabriella Carden have been appointed as co-Heads of the VCNM center. Both have extensive experience within Lloyds Bank, with Martin having worked at the bank for over 10 years and most recently serving as Director, Sustainability & ESG Finance. Carden joined Lloyds Banking Group in 2011 and most recently served as Director, Lloyds Bank Corporate Markets (LBCM), Sustainability.
The appointments signify Lloyds Bank's commitment to supporting clients in navigating the complexities of carbon and nature markets. Martin and Carden's roles involve leveraging their deep expertise in sustainable finance to help clients engage effectively in voluntary carbon and nature markets, which are important components of the UK’s clean growth strategy.
The launch of the VCNM center is a response to the increasing demand for carbon and nature market solutions. Hannah Simons, Head of Sustainability at Lloyds Corporate Markets, made a statement regarding the appointments, praising the duo's extensive knowledge and passion for sustainability.
The Sustainability & Client Advisory division was formed in 2021 to support the firm's largest corporate clients with their sustainability objectives. The VCNM center will be based in this division and will work closely with clients to develop tailored strategies for their voluntary carbon and nature market participation.
The appointments of Martin and Carden as co-Heads of VCNM are a reflection of Lloyds Bank's commitment to supporting clients in their sustainability objectives. The bank is positioning itself as a leader in the field of sustainable finance, providing expert guidance and solutions to clients seeking to reduce their carbon footprint and contribute to the UK's clean growth strategy.
[1] Source: Lloyds Bank Press Release, "Lloyds Bank Appoints Co-Heads for Voluntary Carbon and Nature Markets Center of Excellence", 2022.
This new center of excellence will provide Lloyd's clients with the guidance and support they need to navigate the evolving landscape of carbon and nature markets. With the appointments of Emily Martin and Gabriella Carden as co-Heads of VCNM, Lloyds Bank is demonstrating its commitment to helping clients engage effectively in voluntary carbon and nature markets, a growing part of the UK's clean growth strategy.
- Leveraging their expertise in sustainable finance, Emily Martin and Gabriella Carden's roles at the Voluntary Carbon and Nature Markets (VCNM) center will assist Lloyd's clients in actively participating in the voluntary carbon and nature markets, which are integral components of the UK’s clean growth strategy.
- The launch of the VCNM center signifies Lloyds Bank's dedication to supporting clients in the complexities of carbon and nature markets, thereby positioning itself as a leader in sustainable finance and providing esteemed guidance to clients aiming to minimize their carbon footprint and contribute to the UK's clean growth strategy.
- Lloyds Bank's commitment to environmental science and climate-change solutions can be seen through the establishment of the VCNM center, which seeks to bolster the bank’s finance operations while ensuring sustainable and science-based climate-change mitigation strategies, thereby benefiting both businesses and the environment.
